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In major TV push, China’s Xiaomi buys 0.5% stake in TCL

By | Apple, Asia, Beijing, China, fitbit, Gadgets, Lei Jun, operating system, smart devices, smartphone, smartphones, Supply chain, TCL, Weibo, Xiaomi

A veteran TV maker just got a notable refresh as it enters the age of connected devices. Xiaomi, the Beijing-based firm best known for budget smartphones, has bought 65.2 million shares, or 0.48 percent, of Chinese home appliance maker TCL, said TCL in a statement to the Shenzhen Stock Exchange on Sunday. Shares of TCL, the world’s third-largest […]

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