# TCL Huaxing
Latest news and articles about TCL Huaxing
Total: 2 articles found
Li Dongsheng Passes the Helm of a 3.8 Trillion‑RMB Empire as TCL Charts a Risky Next Act
Li Dongsheng has handed over the TCL Technology CEO role to long‑time executive Wang Cheng, marking a deliberate shift from founder‑led management. The new leadership inherits a heavyweight industrial group with deep exposure to cyclical display and photovoltaic markets, an aggressive overseas expansion aim and a freshly announced JV to take on Sony’s TV business.
TCL to Take Operational Control of Sony’s TV Business in Move That Could Accelerate Industry Consolidation
TCL Electronics and Sony have agreed a memorandum of understanding to form a joint venture in which TCL would hold 51% and Sony 49% to run Sony’s home entertainment business, including BRAVIA-branded TVs. The deal, subject to a final agreement by March 2026 and operations beginning April 2027, would give TCL operational control of Sony’s TV unit and could accelerate consolidation in the global television market. The transaction pairs TCL’s rising manufacturing and panel capacity with Sony’s premium brand, promising scale and market-share gains but raising questions about brand stewardship, regulatory approval and competitive responses from other global players.