TECH

Chinese Display-Maker TCL Names New CEO

Published: Jan. 21, 2026 12:30 p.m. GMT+8

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Li Dongsheng (left) and Wang Cheng. Photo: VCG

TCL Technology Group Corp. has appointed Chief Operating Officer Wang Cheng as its new CEO, marking a leadership shift at one of China’s largest display-makers.

Wang took the role from Li Dongsheng, who will remain as the company’s chairman, TCL Technology said in an exchange filing dated Monday.

Wang, 51, has spent more than 28 years within the TCL ecosystem, holding various management positions in the company’s overseas multimedia department. He previously served as human resource director and senior vice president at TCL , as well as CEO of the group’s Hong Kong-listed TV manufacturing arm, TCL Electronics Holdings Ltd., from October 2017 to August 2021.

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TCL Technology appointed Wang Cheng as CEO, replacing Li Dongsheng, who remains chairman.
Since 2019, TCL expanded in display panels with major acquisitions and diversified into clean energy by acquiring Zhonghuan.
TCL forecasts 2025 net profit of 4.21–4.55 billion yuan, up 169–191% year-on-year.

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Who’s Who

TCL Technology Group Corp.: TCL Technology Group Corp. is a major Chinese display-maker that appointed Wang Cheng as its new CEO. The company has aggressively expanded in the panel industry through strategic acquisitions and increased its production capacity. It has also diversified into clean energy, acquiring Tianjin Zhonghuan Electronics and Information Group Co. Ltd. This diversification provides a cyclical hedge against market fluctuations in its different business segments.

TCL Electronics Holdings Ltd.: TCL Electronics Holdings Ltd. is the Hong Kong-listed TV manufacturing arm of TCL Group. Wang Cheng, the new CEO of TCL Technology, previously served as CEO of TCL Electronics from October 2017 to August 2021. In 2019, TCL Group spun off its intelligent terminal businesses, including TCL Electronics, during a major asset restructuring.

TCL Industries Holdings Co. Ltd.: TCL Industries Holdings Co. Ltd. was formed in 2019 following a major asset restructuring of TCL Group. It consolidates the consumer electronics and home appliance businesses. Li Dongsheng controls TCL Industries, and its major shareholders include core TCL Technology executives like Wang Cheng.

Samsung Display Co. Ltd.: Samsung Display Co. Ltd. is a company whose LCD production line in Suzhou was acquired by TCL Technology in 2020 for $1.08 billion. This acquisition was part of TCL Technology's aggressive expansion strategy in the panel industry through acquisitions since 2019.

LG Display Co. Ltd.: LG Display Co. Ltd. is a company that formerly owned an LCD plant in Guangzhou. In 2025, TCL Technology completed its acquisition of this plant for over 11 billion yuan ($1.6 billion), as part of TCL's aggressive expansion in the panel industry through acquisitions.

Tianjin Zhonghuan Electronics and Information Group Co. Ltd.: Tianjin Zhonghuan Electronics and Information Group Co. Ltd. was acquired by TCL Technology for 12.5 billion yuan in 2020. This acquisition allowed TCL to diversify into photovoltaic and semiconductor materials, with Zhonghuan's earnings consolidated into TCL's financial reports.

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What Happened When

2017-10 to 2021-08：: Wang Cheng served as CEO of TCL Electronics Holdings Ltd., the group's Hong Kong-listed TV manufacturing arm.

2019：: TCL Group spun off its intelligent terminal businesses (including TCL Electronics) to focus on display panels and semiconductor materials.

2019：: Formation of TCL Industries Holdings Co. Ltd., consolidating consumer electronics and home appliance businesses.

2019：: TCL Technology began aggressive expansion in the panel industry through acquisitions.

2020：: TCL Technology acquired Samsung Display Co. Ltd.’s LCD production line in Suzhou for $1.08 billion.

2020-Q4：: TCL Technology acquired Tianjin Zhonghuan Electronics and Information Group Co. Ltd. for 12.5 billion yuan; Zhonghuan’s earnings were consolidated into TCL's financials.

2021：: TCL Technology launched a new LCD production line in Guangzhou.

2022：: Panel industry suffered a downturn; solar market remained strong, sustaining TCL’s development.

2024：: Panel industry rebounded strongly; solar industry suffered a supply glut extending into 2025.

2025：: TCL Technology completed acquisition of LG Display Co. Ltd.’s LCD plant in Guangzhou for over 11 billion yuan ($1.6 billion).

2025：: TCL Technology announced plans to build a printed OLED panel production line in Guangzhou, with investments totaling about 650 billion yuan.

2025：: TCL Technology forecast net profit attributable to shareholders of 4.21 billion yuan to 4.55 billion yuan for 2025, up 169% to 191% year-on-year.