Latest news with #LiDongsheng
The Star
2 days ago
- Business
- The Star
TCL eyes Malaysia for new manufacturing base as South-East Asia sales soar
Li: The Malaysian market is among the most competitive and developed in Asean, and it has one of the highest purchasing powers. KUALA LUMPUR: TCL, a leading global technology brand, is exploring the possibility of setting up a manufacturing base in Malaysia, as part of its strategy to deepen its presence in South-East Asia and localise its global operations. Speaking during a visit to Malaysia, TCL founder and chairman Li Dongsheng said the company had dispatched project teams multiple times in the past six months to assess local opportunities. 'We are currently studying the possibility of setting up a manufacturing base in Malaysia,' Li told StarBiz in a language exclusive interview. 'The Malaysian market is among the most competitive and developed in Asean, and it has one of the highest purchasing powers. Products made here can serve not just local consumers, but also be re-exported to other global markets.' TCL has already established more than 10 production bases worldwide over the past two decades, including in Vietnam, Indonesia and Mexico, as part of its broader strategy to internationalise operations. Li said its first overseas foray within this region began in Vietnam in 1999. Last year, TCL's revenue from South-East Asia surged by 30%. In the Malaysian market alone, the total revenue across all categories in 2024 saw a year-over-year increase of 467%. After more than 40 years of transformation, TCL, through TCL Industries and TCL Technology, is now focusing on three core industries: consumer electronics, display technology, and clean energy. From a global perspective, the group earned over RM82.3bil in overseas revenue last year, making up almost half its total revenue of about RM184.9bil. 'We have transformed our business model to move beyond just exporting products to building localised industrial chains and supply networks,' said Li. 'This creates employment, tax revenue, and stronger partnerships in host countries.' In Malaysia, TCL already operates a research and development (R&D) centre focused on high-end products, which also serves its global customer base. 'This is also one of the reasons for my visit—to look into expanding our production and manufacturing footprint here,' he added. Li said TCL is also leveraging its partnership with the International Olympic Committee (IOC) to boost its global brand image. As an official worldwide Olympic and Paralympic partner representing the home audiovisual equipment and home appliances category, he said TCL will supply smart and green energy-saving products—including display panels, air conditioners and AR glasses—for use in Olympic venues. Through these intelligent products, the company aspires to present an extraordinary experience for both the athletes and global audiences, allowing billions of viewers worldwide to immerse themselves in the breathtaking audiovisual feast of the Olympic event. 'This collaboration is a major milestone,' said Li. 'It will allow us to expand the global visibility of our smart technologies and reinforce our brand through one of the most recognised platforms in the world. As a leading global technology brand with a sports gene and humanistic care, TCL consistently upholds the brand spirit of 'Inspire Greatness', which perfectly aligns with the Olympic ideal of pursuing excellence.' Following on from the 'Inspire Greatness' activation, TCL also expanded its partnership with Arsenal in May this year, becoming the club's Official Global Consumer Electronics Partner. Looking ahead, Li expressed confidence in TCL's ability to maintain strong momentum in Southeast Asia. 'Our growth in Malaysia will continue at a very high level. I hope we can launch our first manufacturing project in Malaysia within this year.' "To put it simply, leading a company requires keeping up with the times,' he said. 'You must constantly adapt, learn, and grow. That's the only way to build a company that can thrive in a fast-changing world.' For more information about TCL:
South China Morning Post
06-03-2025
- Politics
- South China Morning Post
China faces growing calls for compulsory labels on AI-generated content
Support for the mandatory labelling of AI-generated content is growing in China, with a commentary in Communist Party mouthpiece People's Daily backing a lawmaker's proposal on the issue. Advertisement Li Dongsheng, a deputy to the National People's Congress , said the labelling could reduce malicious misuse of the technology. In the commentary published online on Thursday, Liu Xingliang, director of the Beijing-based Data Centre of China Internet's internet research institute, wrote that the requirement was a 'practical necessity' and would 'align with current social governance needs and contribute to the industry's long-term healthy growth'. Citing the rise of models such as DeepSeek, Liu wrote that artificial intelligence was becoming part of people's daily lives and work but also gave rise to a 'series of social issues, such as academic fraud and deepfake scams'. 'These problems may accelerate the spread of misinformation and even pose a threat to social stability,' Liu said. Advertisement 'Any emerging technology undergoes a phase of unregulated expansion in its early development stages. However, as negative impacts become more apparent, appropriate regulation becomes a necessary measure.'
South China Morning Post
06-03-2025
- Politics
- South China Morning Post
China facing growing campaign to make it compulsory to label AI-generated content
Support for the mandatory labelling of AI-generated content is growing in China as a lawmaker's proposal was backed by a commentary in party mouthpiece People's Daily. Advertisement Li Dongsheng, a member of the National People's Congress , said the labelling could reduce malicious misuse of the technology. In the commentary published online on Thursday, Liu Xingliang, director of the Beijing-based Data Centre of China Internet (DCCI)'s internet research institute, wrote that the requirement was a 'practical necessity' and would 'align with current social governance needs and contribute to the industry's long-term healthy growth.' Citing the rise of models such as DeepSeek, Liu wrote that artificial intelligence was becoming part of people's daily lives and work but also gave rise to a 'series of social issues, such as academic fraud and deepfake scams'. 'These problems may accelerate the spread of misinformation and even pose a threat to social stability,' Liu said. Advertisement 'Any emerging technology undergoes a phase of unregulated expansion in its early development stages. However, as negative impacts become more apparent, appropriate regulation becomes a necessary measure.'
Yahoo
04-03-2025
- Business
- Yahoo
Work, housing, marriage: issues at China's annual political meetings
Workers' rights, a housing crisis and marital disputes are among the issues that China's leaders will discuss at annual political meetings that open Tuesday in Beijing. The ruling Communist Party will use the conclave known as the "Two Sessions" to rubber-stamp a raft of pre-approved legislation, with little expectation of any meaningful opposition as voting is tightly controlled. But the 5,000 national delegates can also take advantage of the occasion in the capital to garner support for pet projects that may make it into law in the future. Here are some of this year's proposals: - Changing workforce - China is grappling with a slowing economy and a rapidly changing labour force, as young people struggle to find jobs while a vast cohort of older workers approaches retirement. Gan Huatian, a representative of the Chinese People's Political Consultative Conference (CPPCC) from southwestern Sichuan province, said he would propose a law penalising employers engaging in "academic discrimination" against graduates from lower-ranking universities, according to a local news outlet. Li Dongsheng, a deputy to the National People's Congress (NPC), wants to see lower social security contributions for "flexible" workers -- a precarious group that has grown with booming delivery services, China News Service reported. China last year hiked its retirement age for the first time in decades. The threshold is due to rise gradually over the next 15 years from 60 to 63 for men, and from 50 to 55 for blue-collar women. NPC representative Feng Tao, of eastern Shandong province, told the Workers' Daily newspaper that he wanted longer annual leave for those with more than 30 years of experience. - Housing fix - China has struggled to escape a years-long slump in its property sector, a once key driver of growth weighed down by huge debts that have led some developers into default. Beijing has already rolled out a range of measures to help people purchase city homes more easily, to ensure that buyers end up with properties they have purchased in advance. But at least one delegate is addressing it head-on. CPPCC member Zhai Meiqing -- an executive at a Hong Kong real-estate conglomerate -- told a national financial news outlet she would push for a "trade-in" system. That would see local governments pay residents subsidies to swap their old homes for new ones. - Marriage woes - China's divorce rate has risen in recent decades, and marriages have been on the decline too -- falling by a fifth in 2024, according to official data. For the fifth straight year, CPPCC member Jiang Shengnan plans to speak out against China's mandatory "cooling-off period" for divorces. The rule, which came into effect in 2021, requires couples who file for divorce to wait 30 days before they can confirm their separation. Jiang, a screenwriter from eastern Zhejiang province, told the Southern Weekly newspaper that the current law especially puts women at greater risk of domestic violence. Meanwhile, Shi Bingqi, a delegate from northern Hebei province, is eyeing a cap on the amount the groom's family pays brides before the wedding. Shi told the state-run China National Radio (CNR) that rural areas, where the practice is more common, should not allow "sky-high" prices that can be up to twice what the average local person earns in a year. The CPCC is also mulling a proposal that would lower the marriage age -- currently 22 for men and 20 for women -- to 18, according to state-run nationalist tabloid the Global Times. - Harassment, tattoos, larger font - Other reported proposals run the gamut from the serious to mundane or even bizarre. NPC delegate Fang Yan of northern Shaanxi province has called for parents, teachers and other adults who harm children to face heavier legal punishments, China News Weekly said. Li Ziwei, a delegate from the northeastern rust-belt province of Liaoning, told CNR she would push to tighten a crackdown on people who traffic women and children. She has also suggested imposing heavy penalties on people who force children to get tattoos, saying it might harm their future job prospects in a country where they are traditionally a taboo. And delegate Dai Yin, of central China's Hunan province, told state broadcaster CCTV she wants leaders to enlarge the font on prescription drug bottles -- and simplify their instructions -- so that elderly patients can read them more easily. mya/mjw/oho/je/pjm
Zawya
22-02-2025
- Business
- Zawya
IOC and TCL announce long-term global TOP partnership through to 2032
Dubai, United Arab Emirates – The International Olympic Committee (IOC) today announced a Worldwide Olympic Partnership with global technology company TCL through to 2032. TCL will be the official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category. TCL products will drive new experiences for fans and athletes, from digital displays at the Olympic and Paralympic to household appliances in the Olympic Village. Through this new partnership, the organisations will also work together to bring the magic of the Olympic and Paralympic to billions of fans around the world through innovative marketing campaigns. TCL will play an important role as the IOC progresses its Olympic AI Agenda – including supporting fan and athlete experiences on site and at home. TCL will also support the 'Athlete Moments' initiative at the Olympic Games, which allows athletes to connect with loved ones around the world immediately after their competition. As a result of the agreement, the IOC will redistribute the revenue it receives to provide financial support to sports organisations around the world, including every National Olympic Committee and their athletes, plus the Organising Committees for the Olympic Games and Youth Olympic Games until 2032. At an announcement ceremony held in Beijing, China, in the iconic 'Water Cube' (Beijing 2008) / 'Ice Cube' (Beijing 2022) venue, IOC President Thomas Bach said: 'The IOC is excited to announce its new partnership with TCL, a world leader in the television and household goods industries. TCL has a long history of supporting sport around the world, and is now taking its ambition to inspire greatness to new heights, as the Olympic Games are the greatest, most inspirational global sporting stage.' Li Dongsheng, Founder and Chairman of TCL, said: 'We are honoured to become a Worldwide Olympic and Paralympic Partner. As a leading global technology brand, TCL has always striven to 'Inspire Greatness', which aligns with the Olympic spirit. The Olympic Games inspire billions of people around the world, and through this partnership TCL's diverse innovations will empower the Olympic Games and deliver exceptional experiences to a global audience. TCL will continue to fulfil its corporate social responsibility, support the Olympic sustainable development goals, and create a better future.' TCL has supported sports around the world for decades through multiple partnerships. At the Olympic and Paralympic, TCL will enable new visual and lifestyle experiences by providing a range of intelligent innovations, including smart displays, air conditioners, refrigerators, washing machines, door locks, audio systems, projectors and TCL RayNeo smart glasses. Founded in 1981, TCL is committed to 'Building a Sustainable and Connected Future with Advanced Technology', dedicated to empowering a smart, healthy lifestyle by enabling next-generation intelligent experiences. With 46 R&D centres and 38 manufacturing bases around the world, TCL operates in over 160 countries and regions, cementing its position as a globally competitive technology brand. Jiří Kejval, Chair of the IOC Revenues and Commercial Partnerships Commission, said: 'TCL is a global leader in its industry and is one of the world's fastest growing brands. The TOP Programme continues to offer the world's leading brands and marketeers an unparalleled marketing platform built on the global reach and values of the Olympic Games. Testament to this is today's announcement, as we bring TCL to the family of TOP Partners.' About International Olympic Committee The International Olympic Committee is a not-for-profit, civil, non-governmental, international organisation made up of volunteers which is committed to building a better world through sport. It redistributes more than 90 per cent of its income to the wider sporting movement, which means that every day the equivalent of USD 4.2 million goes to help athletes and sports organisations at all levels around the world. About TCL After more than 40 years of transformation, innovation and progress, TCL Industries and TCL Technology are now focusing on three core industries: consumer electronics, display technology and clean energy. TCL is one of the top TV brands and has achieved consistent growth globally. In 2024, TCL's TV shipments reached a record 29 million units in global market, an increase of 14.8 per cent over 2023. Furthermore, its Mini LED TV global shipments surged by 194.5 per cent year on year. And in North America, Europe and emerging markets, TCL has gained significant market share due to increased sales of its large-sized and high-end TVs. Other TCL consumer electronics products, such as air conditioners and RayNeo's smart glasses, are also leading global markets with their innovative features. In 2024, the display arm of TCL - TCL CSOT ranked second globally in TV panel market share. Its application of Polymer Stabilised Vertical Alignment technology and Fringe Field Switch technology were pivotal in enhancing visual experiences for viewers. *Source: AETOSWire Contacts Mayukh Sikdar Watermelon Communications Email – mayukh@
