TCL Technology is set to acquire LG Display's stakes to enhance its production capabilities, while Zhuanzhuan fully acquires Hongbulin to strengthen its position in the luxury e-commerce sector.

Target Information

TCL Technology Co., Ltd. has announced plans to acquire an 80% stake in LG Display (China) Co., Ltd. (LGDCA) and 100% of LG Display (Guangzhou) Co., Ltd. (LGDGZ) through its subsidiary TCL Huaxing Optoelectronics Technology Co., Ltd. The acquisition, valued at 10.8 billion RMB, aims to enhance TCL's capacity and technology in IPS panels, creating a synergistic 'twin star' factory with the existing Guanghzou t9 production line. This strategic move is expected to deepen relationships with international customers and promote the healthy development of the industry.

Additionally, second-hand luxury goods platform 'Zhuanzhuan' has announced its acquisition of Hongbulin, a significant player in the luxury e-commerce sector, allowing for full integration while allowing Hongbulin's branding and app to operate independently. This strategic acquisition will leverage Zhuanzhuan's existing infrastructure for backend support and enhance operational efficiency across both platforms.

Industry Overview

The digital economy in China is experiencing rapid growth, driven by advances in technologies such as big data, cloud computing, artificial intelligence, and the Internet of Thing