TCL

TCL Technology Group Corp. is a Chinese partially state-owned electronics giant founded in 1981 by Li Dongsheng and Luca Situ as TTK audio cassette manufacturer in Huizhou, Guangdong province, evolving into one of the world's largest consumer electronics companies. Originally established as a state-owned enterprise, TCL rebranded from TTK in 1985 after intellectual property disputes with TDK, taking the name from Telecom Corporation Limited. Under founder and CEO Li Dongsheng's leadership since 1996, TCL became one of the first Chinese state-owned companies to reduce government ownership below 50%, pursuing aggressive international expansion through strategic acquisitions including Schneider Rundfunkwerke (2002), Thomson SA joint venture (2003), and Alcatel Mobile partnership (2004). The company achieved remarkable growth from RMB 100 billion revenue in 2020 to RMB 250 billion ($39 billion USD) in 2021, becoming the second-largest television manufacturer globally by 2022-2023. TCL operates 32 manufacturing bases worldwide across 160 countries, specializing in televisions, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances. Li Dongsheng, recognized as 'China's Economic Person of the Year' (2002, 2004) and Fortune's '2004 Asia Businessman of the Year,' has received numerous honors including the French Legion of Honour. The company restructured in 2020, changing its name to TCL Technology and focusing on three major sectors: semiconductor display, semiconductor and semiconductor photovoltaic, and industrial finance and capital, positioning itself as a global technology leader with sustained innovation and market expansion.