TCL Technology, formerly known as TCL Corporation, is a Chinese consumer electronics company that specializes in televisions, cell phones, and household appliances. Though originally founded as a state-owned enterprise, TCL became a publicly traded company in 2004, and thanks to the cash injection provided by its presence on the stock market has experienced rapid growth in recent years. The company’s revenues more than doubled between 2010 and 2018 and profits have experienced a similarly impressive increase. While the majority of its business had traditionally come from mainland China, strategic acquisitions of American and European brands such as RCA, Palm, and Blackberry have turned TCL into a truly international venture. As of 2019, the company employed over 35 thousand people and held over 164 billion Chinese Yuan in total assets.
With sales reaching 17 billion U.S. dollars in 2019, TCL has established itself as one of the premier consumer electronics brands in the world, and placed itself in direct competition with tech giants like Sony, Panasonic, and LG. One of the company’s signature markets is its home appliance business through the production of air conditioners, washing machines, refrigerators, and other appliances. Unlike many other Chinese tech companies who supply primarily to their domestic market, TCL has set itself apart by generating nearly half of its revenue in international markets.
Of all of the company’s products, televisions are likely the most important. TCL shipped around 20 million of its own LCD TVs in 2019, in addition to serving as an outsource component manufacturer for other major TV manufacturers. In fact, the company has grown to become one of the biggest names in the TV industry, accounting for 13 percent of the global TV market share. The company also has a strong presence in the mobile phone market, with the TCL Alcatel phones being the most shipped feature phones in North America.
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In the following 3 chapters, you will quickly find the 24 most important statistics relating to "TCL Technology".