In major TV push, China’s Xiaomi buys 0.5% stake in TCL

In major TV push, China’s 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, the Beijing-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 statement to...