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Encyclopedia > TCL Corporation

The TCL Corporation is a Chinese electronics manufacturer headquartered in Huizhou of Guangdong Province, southern China. TCL Corporation products include mobile phones, personal computers, home appliances, electric lighting, and digital media sold to domestic and overseas markets. TCL is listed on the Shenzhen Stock Exchange and Hong Kong Exchange as TCL Corporation and TCL International Holdings Limited SEHK: 1070. The city of Huizhou owns much of the company while other investors include Phillips and Toshiba. // Electronics is the study of electron mechanics. ... Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ... Huizhou (Simplified Chinese: 惠州; Pinyin: ) is a prefecture-level city in Guangdong province, Peoples Republic of China. ... Guangdong, often spelt as Kwangtung, is a province on the south coast of the Peoples Republic of China. ... The term Appliance refers to two classes of objects: One class of objects includes items that are custom-fitted to an individual for the purpose of correction of a physical problem, such as prosthetic and energy input. ... Bold textDigital media (as opposed to analog media) usually refers to electronic media that work on digital codes. ... Look up Domestic in Wiktionary, the free dictionary. ... Shenzhen Stock Exchange building Shenzhen Stock Exchange building Shenzhen Stock Exchange (深圳交易所) is one of the Peoples Republic of Chinas three stock exchanges. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... Other Hong Kong topics Culture - Education Geography - History - Politics Hong Kong Portal The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ...

Contents

History

Founded in 1981, TCL began as a manufacturer of magnetic tapes. TCL developed rapidly during the 1990s becoming one of China's fastest growing companies with an average growth rate of 42.65% for the past 12 years. The company successfully restructured from a state-owned enterprise with help from international investors. Compact audio cassette Magnetic tape is a non-volatile storage medium consisting of a magnetic coating on a thin plastic strip. ...


In 2003, it experienced a crisis of financial statement and failed to go public as a group company. However, that year the group also recorded a revenue of RMB 28.2 billion yuan ($3.5 billion USD),and a profit of RMB 0.57 billion ($70 million USD). A survey on most valuable brands in 2003, conducted by Beijing Brand Equity Evaluation Co Ltd. indicated that TCL is one of China’s most valuable brands with a brand equity of RMB 26.712 billion ($3.3 billion USD). In January 2004, TCL Corporation as a whole was officially listed. Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Profit, from Latin meaning to make progress, is defined in two different ways. ...


Later in 2004, TCL set up a joint venture creating the TTE Corporation with France's Thomson Group, giving TCL control of the RCA brand and making it the global leader in television manufacturing. At the time, TCL was hailed as the first Chinese company to compete on the international stage with large international corporations. This article concerns the media and entertainment company. ... RCAs logo as seen today on many products. ...


Analysts cited the company’s willingness to cooperate with competitors as an asset. Investors in TCL include former competitors: Toshiba, Sumimoto, Kingsoft, Nanda, Pentel,and Schneider. In July 2004 TTE, officially started operation in Shenzhen. Also, in April 2004, TCL Mobile and Alcatel formed a joint venture to engage in mobile phone development, production, sales and services. Toshiba Corporations headquarters (Center) in Hamamatsucho, Tokyo Toshiba Corporation sales by division for year ending March, 31 2005 Toshiba Corporation ) (TYO: 6502 ) is a multinational high technology electrical and electronics manufacturing firm, headquartered in Tokyo, Japan. ... Kingsoft (Chinese: 金山) is a software company located in China. ... Nanda Dynasty, ruled Eastern India in the 5th and 4th centuries BCE Nanda (mythology), in Hinduism, a peasant and foster-father of Krishna Nanda (Buddhism), half-brother of the Buddha NANDA, North American Nursing Diagnosis Association Nanjing University, colloquially called Nanda (pinyin Nándà, Chinese characters 南大) Nanda (indigenous Australians), a... The headquarters of Pentel, in Tokyo. ... Schneider (German for tailor; literally someone who cuts, from the verb schneiden to cut) is a very common family name in Germany. ... Alcatel SA is a global company, headquartered in France that provides hardware, software and services to telecommunications service providers and enterprises. ...


Recently, TCL has had difficulty due to price competition inside China. The Hong Kong-listed stock dropped 30% in 2004. Also in late 2004, Thomson surprised the market by announcing that it was taking a small stake in Konka Group, a TCL rival.


In late 2005, the Chinese unit of Philips Electronics purchased a 7 percent stake in TCL becoming the company's third-largest shareholder. As of the beginining of 2006, TCL has representative offices in 10 countries and is expanding in Vietnam, India and Germany. TCL has technology partnerships with Microsoft and Intel. Company logo Koninklijke Philips Electronics N.V. (Royal Philips Electronics), usually known as Philips, is one of the largest consumer electronics producers in the world. ...


In August 2004, Alcatel set up a joint venture with TCL forming a new mobile business, TCL & Alcatel Mobile Phones Limited (TAMP). TCL owned 55% of this joint venture. In May 2005, TCL signed a ten-year licensing agreement with Alcatel, and TAMP became a 100%-owned subsidiary of TCL.


TCL Group members

Multimedia Electronics SBU


Household Appliance Marketing Co.Ltd.


AV Business Department


Monitors Business Department


Muti-brands Sales Business Department


Rowa TV Business Department


TCT


TCL Mobile Communication Co.,Ltd


TCL&Alcatel Mobile Phones Limited


Digital Electronics SBU


TCL Computer Technology(Shenzhen)Co.,Ltd.


Hanlinhui Software Industry Co.,Ltd


Electronic University Online Distant Education Technology Co.,Ltd.


Home Electrical Appliances SBU


Air-conditioner Business Department


White Home Electrical Appliances Department


TCL Small Home Appliances Division


TCL Ruichi(Huizhou)Refrigeration Equipment Co.,Ltd.


Electrical SBU


TCL INT'L Electrical OBU


TCL Lighting Electrical OBU


TCL Industrial Electrical OBU


TCL Building Technologies OBU


Overseas SBU


TCL Vietnam


TCL Indonesi


TCL Russia


TCL Philippine


TCL Indian


Electronics & Components SBU


Huizhou Shenghua Industrial Co., Ltd


TCL Hyperpower Batteries Co.,Ltd.


ShenZhen ASIC Micro-Electronics LTD.


Strategic OEM SBU


TV Business PC


AV Business PC


Other Enterprises


TCL Cultural Development Co.,Ltd.


TCL Communication Equipment (Huizhou)Co., Ltd.


LG Electronics(Huizhou)Co.,Ltd.


Go-Video


TCL Multimedia Technology Holdings Limited


Trivia

TCL stands for "Today China Lion" or "今日中国雄狮" in Chinese. It roughly translates to China's modern lion.


References and external links

  • Official website in Chinese
  • Official website in English
  • T&A Alcatel Mobile Phones official website in English
  • Economic Observer
  • Businessweek
  • corporate information

  Results from FactBites:
 
Tcl and Tk (Tcl/Tk) training, consulting, development, networks, testing, and automation - Noumena Corporation (246 words)
Noumena Corporation is pleased to co-sponsor the 14th Annual Tcl/Tk Conference.
Noumena Corporation organized the Tcl/Tk Developer's room at FOSDEM 2004, 2005 and 2006.
Noumena Corporation sponsored the 10th and cosponsored the 11th, 12th and 13th Tcl/Tk Conferences.
NAM TAI ELECTRONICS, INC.: TCL Corporation Announces Further Details of Proposed A-shares IPO on the Shenzhen Stock ... (947 words)
TCL Corporation intends to raise about $304.6 million from the IPO and its shares are expected to commence trading on the Shenzhen Stock Exchange after January 25, 2004.
In October 2003, TCL Corporation declared a cash dividend of $27.04 million and Nam Tai is entitled to receive its cash dividend of approximately $1.69 million.
TCL Mobile is Asia's fastest growing technology company, which is also the major profit contributor to TCL Corporation.
  More results at FactBites »


 

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