TCL's Enterprise Acquires Tencent 450 Million Strategic Investment to Develop Smart TV

At the morning of July 3, Beijing time, the TCL Group announced on Monday morning that Shenzhen Leifeng Technology Co., Ltd., a subsidiary of Shenzhen City, introduced strategic investors Tencent by way of increased capital and shares, and the latter subscribed to Thunderbird Technology for 450 million yuan. Increased registered capital of RMB 20.27 million and obtained 16.67% stake in Thunderbird Technology after the capital increase.


According to the announcement, FFalcon Techology Holding Limited, a wholly-owned subsidiary of TCL Multimedia, a subsidiary of the company, has also added a capital increase to Thunderbird Technologies, and has subscribed for a new registered capital of RMB 1.35 million from Thunderbird Technology for RMB 0.3 billion. Technology 1.11% equity.

After the completion of the capital increase, the registered capital of Thunderbird Technology will increase from RMB 100,000,000 to RMB 121,621,622. Tencent's shareholding in Thunderbird Technology will be 16.67%, and the percentage of Thunderbird Technology's stake in FFalcon will be reduced from 54.05% to 45.55%. Therefore, after the completion of this capital increase, Thunderbird Technology will no longer be a controlling subsidiary of the company and will no longer be included in the company's consolidated financial statements. However, Fcalcon is still the single largest shareholder of Thunderbird Technologies.

According to the announcement, Thunderbird Technology is a company jointly invested and established by FFalcon, Shenzhen Qianhai Future Investment Co., Ltd. and employees. It is mainly engaged in the design, production, manufacture and sales of Thunderbird or its newly developed brand smart TV. It is also responsible for the operation of all smart TV terminal platforms in China by TCL Multimedia and its holding subsidiaries. At present, the company's smart TV platform has cumulatively activated 20 million users.

TCL Group stated that the company is vigorously promoting the "double +" strategic transformation of "smart + Internet" and building a "product + service" business model. The TV+ smart TV platform operated by Thunderbird Technologies is an important part of this. As of the end of last year, the cumulative activation of the company's TV+ smart network TV platform was 17.29 million, and the number of active users per day was 7.47 million. The annual service revenue of the company was RMB 72.29 million.

At present, the number of operable terminals and active users of the TV+ smart TV platform is growing rapidly. The business model based on paid content sharing, service traffic sharing, service advertisement sharing, and paid value-added services is also rapidly advancing.

TCL Group also stated that this cooperation will not only provide financial support for the development of Thunderbird's technology business, the company and Tencent will also carry out strategic cooperation in content sharing, product innovation, marketing, member operations and other aspects to achieve mutual complementarity and synergy in resources. . The two parties will establish a joint operation team to provide users with better quality experiences and services, and to enhance the commercial value of the company's Internet TV platform. Through this deep cooperation with Tencent, the company will further grasp the home entertainment entrance, improve the ecological layout of the living room, accelerate the promotion of new business models, and promote the rapid growth of the company's home Internet business income.

TCL Group closed at 3.51 yuan last Friday and has fallen by 0.847% in the past month.

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