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 LCD TV manufacturer, jumped nearly 4 percent in morning trading on Monday, giving the company a market cap of $36
Read More At Article Source | Article Attribution
The post In major TV push, China’s Xiaomi buys 0.5% stake in TCL appeared first on RocketNews | Top News Stories From Around the Globe.