Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
In Unusual Move, Huawei Offers ‘No Backdoor’ Deal to India Amid Security Concerns: Report
China Races Ahead of U.S. in Deployment of Electric-Vehicle Charging Stations
Do ‘Double 11’ Vendors Have to Pick Sides This Year? Alibaba Says It’s ‘Normal Market Behavior’
LATEST
Burgeoning Online Marketplace in Crisis After Luring New Shoppers With Merchants’ Money
Huawei Posts Strong Revenue Growth Despite U.S. Export Ban
Ant Financial Seeks Loan of as Much as $3.5 Billion at Lower Rate
China Freezes Some Social Media, Mobile Payment Accounts in Myanmar Cross-Border Fraud Crackdown
Popular Translation App Youdao Downsizes New York IPO
Popular Alibaba-Backed Social E-Commerce App Returns After Months-Long Absence
Cheap-Phone Maker Realme Eyes Upscale Turn With Pricey New Handset
State Council Order Formalizes Further Opening of Chinese Financial Sector
IMF Predicts Slower Economic Growth for 2019
China Nails Down Timeline for Long-Awaited Mobile Number Portability Program: Report
China Races Ahead of U.S. in Deployment of Electric-Vehicle Charging Stations
Bird Rides Scooter Maker Sees Profit Surge on Overseas Orders
Germany Leaves 5G Door Open to Huawei, Reuters Reports
Cash-Strapped Bike-Sharing App Ofo Says It “Hasn’t Given Up”
Do ‘Double 11’ Vendors Have to Pick Sides This Year? Alibaba Says It’s ‘Normal Market Behavior’
China’s Cloud Computing Market Still Far Behind U.S.: Think Tank
Weather-Forecast App Operator Denied Shenzhen Listing
China’s Wealthy Eastern Regions Report Shrinking Industrial Profits
In Unusual Move, Huawei Offers ‘No Backdoor’ Deal to India Amid Security Concerns: Report
Apple Under Fire for Handing Over Some Web Browsing Data to Tencent
Exclusive: Chinese Buyers Deep in Talks With Embattled Japanese Panel-Maker

By Peng Yanfeng and Isabelle Li / Jul 19, 2019 03:47 PM / Business & Tech

Photo: VCG

Photo: VCG

Japan Display Inc. (JDI), a major panel-maker and Apple supplier, is in advanced fundraising negotiations with Chinese investors, including Harvest Fund Management and electronics-maker TCL Corp., Caixin has learned through multiple sources familiar with the matter.

The Japanese company has struggled to remain afloat after it failed to follow an industry shift towards organic light-emitting diode (OLED) displays. JDI reported a loss of $2.3 billion in 2018, up from $260 million the year before.

Harvest Tech, the fund firm’s technology investment arm, last week sent delegates to Tokyo for a new round of negotiations with JDI, sources confirmed to Caixin.

“The trip to Tokyo was led by the chairman as well as the general manager of Harvest Tech,” said one person with close ties to the investment firm, adding that the two parties are maintaining a dialogue regarding the price and conditions of the potential deal.

TCL, whose interest in JDI dates back several years, also remains in the conversations, though the company did not have a seat at the table last week. Also a major panel-maker, TCL hopes to become a controlling stakeholder of JDI through another investment, sources told Caixin.

Read the full story on Caixin later today.

Contact reporter Isabelle Li (liyi@caixin.com)

Related: Taiwan’s TDK Withdraws From Bailout of Troubled Japanese Apple Screen Supplier

Share this article
Open WeChat and scan the QR code