TCL To Initiate International Expansion Through South, Southeast Asia
TCL is expanding into South and Southeast Asia as part of a broader expansion of international operations, said CEO Li Dongsheng at the China-South Asia Expo in Shenzhen, China, Monday. TCL will set up production facilities in Yunnan, China, “in…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
the near future” as it moves into South and Southeast Asia, said Li. From there, TCL plans to move into the larger international market by leveraging geography and favorable national policies including China’s One Belt, One Road initiative, said Li. China plans to build the starting point of four rail lines in Kunming, capital of Yunnan Province, and TCL’s Kunming-based production facilities could be a base of support to penetrate related markets through Yunnan, he said. India also is a “major focus” of TCL’s globalization strategy, said the company.