Caixin Global – Latest China News & Headlines

Home >


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 China: Should Internet Celebrities Be Part of the School Curriculum?
Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian
Medical Robot Maker Finds Elixir in STAR Board’s Market Reforms
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
France Won’t Ban But Will Discourage Use of Huawei 5G Equipment, Official Says
Trending in China: ‘Lipstick King’ Li Jiaqi Settles in Shanghai, Prompting a Rethink of ‘Talent’
Tencent Plays in U.S. With California Game Studio Launch
Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Sina Weibo to Issue $750 Million in Bonds
Embattled Leshi Forced to Sell Smart TV, Livestreaming Trademarks and Swiss Cleaning Carmaker Launch Driverless Street Sweeper
Trending in China: How an ‘Old Godmother’ Took on China’s Internet Giant and Won
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 (

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

Share this article
Open WeChat and scan the QR code