Pursuits
Surging TCL in China Adds to Woes of Japanese TV Makers: Tech
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TCL Corp. televisions now hang in Beijing’s Great Hall of the People, replacing Panasonic Corp. sets in a sign that China’s biggest flat-panel TV maker is piling on to the woes besetting Japan’s industry.
The TCL Multimedia Technology Holdings Ltd. unit leapt past both Panasonic and Osaka-based Sharp Corp. in the first quarter to become the world’s fifth-biggest liquid-crystal display TV maker by market share, according to researcher to DisplaySearch. Sony Corp., which has said it’s counting on expanded sales channels in China to help narrow losses on TVs, came third behind South Korea’s Samsung Electronics Co. and LG Electronics Inc.