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January 7, 2019 05:17 am GMT

In major TV push, Chinas Xiaomi buys 0.5% stake in TCL

A veteran TV maker just got a notable refresh as it enters the age of connected devices. Xiaomi, theBeijing-based firm best known for budget smartphones,has bought 65.2 million shares, or 0.48 percent, of Chinese home appliance maker TCL, said TCL in a statementto the Shenzhen Stock Exchange on Sunday. Shares of TCL, the world’s third-largest […]

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