• Powered by Crown Equity Holdings Inc.
      • crown-logo

        Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

Post on CRWE World Login
logo Fairfield, UNITED STATES
header-img
  • Home
  • News
  • World
      • World News
      • Español
  • Politics
      • U.S. Legislators
      • Political News
  • Sports
  • Business
      • Markets
      • Hottest Stocks Today
      • CRWEWorld Stocks
      • Blockchain
      • Regulatory
      • Accounting
      • Fundraising Campaigns
      • IPOs
      • Money
      • Career
  • Tech
      • Tech
      • Science
  • Living
      • Arts & Entertainment
      • Family
      • Food
      • Pets
      • Seniors
      • Fashion/Fitness
      • Home & Garden
  • Health
      • Health
      • Pharma & Biotech
  • Opinion
      • Finance
      • Law
      • Healthcare
      • Cannabidiol (CBD)
      • Fashion
      • Podcasts
      • Tech
      • Music
  • Travel
  • Local
      • News
      • Trending Now
      • Real Estate
      • Coupons & Deals
      • Business Directory
  • Jobs
  • More
      • Business 2 Business
      • Press Releases
      • Press Releases Pricing
      • News from GlobeNewswire
      • News from PR Newswire
      • News from Business Wire
      • News from Accesswire
      • Video Channels
      • Beauty
      • Business
      • Comedy
      • Entertainment
      • Fashion
      • Featured
      • Health
      • Instructional
      • News
      • Politics
      • Sports
      • Technology
      • Entertainment
      • Horoscope
      • Sudoku
      • Crossword
      • Games
      • Chat
      • Affiliate | How It Works
      • Join CRWE WORLD Affiliate Program
      • CRWE WORLD Advertising Services Rate
      • Crown Equity Holdings' Overview
      • CRWEWorld Real-Time Global Visitors
      • Content Delivery Solution
        • Contact Us
  • More

Change City


-- OR --
load
load
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png
  • Home
  • Articles
  • News Provided by PR Newswire
21ьз╕ Cweather-icon
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png

TCL Multimedia Officially Renamed TCL Electronics

News Provided by PR Newswire2018-06-25
17 Views

TCL Multimedia Officially Renamed TCL Electronics

Signifies Strategic Transformation to Carve a New Path towards Diversification

 
[25-June-2018]
 

HONG KONG, June 25, 2018 /PRNewswire/ -- TCL Multimedia Technology Holdings Limited today announced the official change of its name to TCL Electronics Holdings Limited ("TCL Electronics" or "Company", 01070.HK) after completing necessary name change procedures subsequent to the approval by the board of directors and shareholders. The new name will better reflect the Company's strategy of business transformation and diversification.

TCL Electronics embarked on strategic transformation in 2017. While reinforcing and strengthening its existing TV business, the Company has been proactively diversifying its business to generate new profit growth drivers. Through investments, mergers and acquisitions, and restructuring, the Company has gradually expanded its business segments to encompass smart internet TV, smart AV, smart home, and commercial display, achieving notable results.

In 2017, the Company successfully restructured Thunderbird Technology and received the investment of Tencent Digital to propel the evolution of the smart TV ecosystem and established a new business model of "Smart + Internet". In April 2018, the Company obtained the brand authorization of Japan's Onkyo Corporation, enabling the Company to delve into the smart AV market to create exquisite visual-audio and home entertainment experience for customers with the aid of its TV products. Two months later, the Company also announced that it has acquired TCL Commercial Information Technology (Huizhou) Co., Ltd., a premier asset of TCL Corporation, to expand its business model from B2C to include B2B and enter the highly promising blue ocean market of commercial display business. With this acquisition, the Company will be able to provide customers with tailor-made commercial display products and intelligent solutions that are widely applied in different environments.

The business diversification has yielded preliminary benefits. The Company will further push forward its strategic transformation by way of integrating TCL Corporation's internal and external premium home appliance business assets, leveraging the successfully established global networks and distribution channels, especially the existing influence in overseas markets to build TCL Electronics into a leading international consumer and home electronics brand.

In 2018, TCL Electronics will continue to improve operating efficiency, optimize product mix, lift product technology innovation standards, pursue business model evolution, and enhance its competitiveness and profitability in the PRC. Concurrently, the Company will pursue proactive expansion in key overseas markets to grow its global market share, so as to strengthen the TCL brand awareness and recognition globally. The renaming demonstrates the Company's determination in strategic transformation. The new name is a representation of the Company ushering in better prospects for development. The business diversification will drive the Company to achieve growth in both business scale and valuation, and empower TCL Electronics to become an international conglomerate in the electronics industry, creating greater value for shareholders.

About TCL Electronics

Headquartered in China, TCL Electronics Holdings Limited (HKSE stock code: 01070) is one of the leading players in the global TV industry, engaged in the research and development, manufacturing and distribution of consumer electronic products. Through a new product-and-user-oriented business model that focuses primarily on a "double +" strategy which includes "smart + internet" and "products + services" as the main direction, it strives to build a comprehensive ecosystem for smart TVs that provides users with an exquisite experience with its smart products and services. TCL Electronics ranked No.3 in the global LCD TV market with a market share of 10.9% for the year 2017 according to the latest IHS Technology and the Company's shipment data, and ranked No.3 in the PRC LCD TV market with a market share of 11.9% for the year 2017 according to CMM's omni-channel data. TCL Electronics is included in the eligible shares list of the Shenzhen-Hong Kong Stock Connect. For more information, please visit its website: http://electronics.tcl.com.

SOURCE TCL Multimedia Technology Holdings Limited


Company Codes: HongKong:1070, HongKong:01070.HK


© 2018 PR Newswire. All Rights Reserved.

#content-news .main-news{color:#737373;font-size:14px;line-height:inherit;text-align:inherit}

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


Put an end to the nightly homework battles for good – Tailor your approach



/assets/img/cw-stocks.png

/assets/img/wysh-jewels.png

/assets/img/hjli.png

/assets/img/Mars-Parachute-2.png

/assets/img/crweworld-podcast.jpg
Sponsored
Also read
Progress Celebrates International Women’s Day with Company-Wide Holiday
Tuniu to Report Fourth Quarter and Fiscal Year 2020 Financial Results on March 16, 2021
LG Innotek Joins Hands with Microsoft to Proliferate Cloud-Connected 3D Sensing Camera
German Enterprises Embrace Intelligent Automation Amid Pandemic
Meghan says Royal Family had concerns about Archie's skin colour, as Harry reveals rift with father
ScreenPro Security Achieves $5 Million in Revenue for February
Meghan and Harry interview: I didn't want to be alive anymore, duchess says
XPeng Launches 3,000+ Km Navigation-assisted Autonomous Driving Expedition


Post on CRWE WorldSign Up for Free E-mail Updates
  • Real Estate Eagle Firm, Real Estate
  • Hancock Jaffe Laboratories, Nasdaq:HJLI, HJLI
Signup for free email updates
/assets/img/wall-street-rect2.png
/assets/img/wall-street-sq.png



Join with us
Live Traffic Feed
About CrweWorld
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Finance Disclaimer
  • Jobs
Subscribe for newsletter
3+2
Contact Info
  • contact@crweworld.com

  • P: (702) 683-8946

  • P: (702) 810-0178

  • 11226 Pentland Downs St, Las Vegas, NV 89141

Tweets by CrweWorld
Tweets by @CrweWorld
  • © 2021 crweworld.com
ad1

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

ad2

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

ad3

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

ad5

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

Advertisements

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

CRWE WORLD Advertising Services RateJoin CRWE WORLD Affiliate Program