Caixin
Jan 07, 2019 07:06 PM
BUSINESS & TECH

Xiaomi Buys Stake in Home-Appliance Maker TCL

Xiaomi Corp.’s flagship store is seen in Zhengzhou, Central China’s Henan province, on Jan. 1. Photo: VCG
Xiaomi Corp.’s flagship store is seen in Zhengzhou, Central China’s Henan province, on Jan. 1. Photo: VCG

Xiaomi Corp. has purchased a stake in Chinese home-appliance giant TCL Corp. in a deal that will boost the smartphone-maker’s expansion into the home electronics market.

As of Jan. 4, Xiaomi had bought 65.17 million shares, or 0.48% of the total, on the public market, TCL said in a statement (link in Chinese) to the Shenzhen Stock Exchange over the weekend. It is not clear when the shares were purchased.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.