This article only represents the author's own views.
As one of China’s earliest technology standouts, TCL Electronics Holdings Ltd. (1070.HK) has always been ambitious.
The company shot to global fame in 2003, when its parent, TCL Technology, struck a $560 million deal to take over the TV assets of France’s Thomson SA, making it the world’s largest TV maker. A year later it formed another joint venture by taking over the cellphone operations of France’s Alcatel. Neither of those tie-ups was particularly smooth, with the Thomson deal unraveling in three years, and the Alcatel deal in just one.
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