BAT giants enter the smart TV field TCL Changhong into the road party

TCL Group (000100) and Sichuan Changhong (600839) also issued announcements. Huaneng Technology, a subsidiary of the two companies, introduced Tencent Investment, a strategic investor, and Cheng Chengbai, an equity investment fund. Prior to the introduction of the war effort, Changhong Innovation Investment, a subsidiary of TCL Group and Sichuan Changhong Holdings, held a 31.96% stake in Huaneng.com. After the introduction of war games, TCL Group and Changhong Innovation Investment both held a 27.394% stake in Huannet.com.

According to the announcement, Huan Wang Technology has signed a capital increase agreement and a shareholder agreement with Tencent Investment on the 7th. Tencent Investment and Tianjin Chengbai will each contribute 50 million yuan to subscribe for Huaneng Technology's new registered capital of 5,882,400 yuan. After the capital increase, the registered capital of Huaneng Technology was changed to 41.176 million yuan. Tencent Investment and Tianjin Chengbai will obtain 7.143% of the shares of Huaneng Technology.

According to the announcement, Huaneng Technology is positioned as a high-tech company in the intelligent world and the entire network's interactive industry. It has now become one of the largest smart TV service providers in China. Tencent is one of the largest Internet integrated service providers in China, with a large user base and a comprehensive Internet service layout. Tianjin Chengbai Investment is an equity investment fund that is sponsored by Broadband Capital, Guoke Holdings, and National Social Security Fund as key investors. Broadband Capital is one of the most influential investment institutions in the domestic communications, Internet, media and high-tech sectors. Both TCL Group and Sichuan Changhong expressed that Tencent Investment and Tianjin Chengbai Investment Capital Investment Huaneng Technology is an important expansion of the company's Internet application and service business group.

Prior to Tencent’s release, Smart TV concept stocks such as LeTV have performed well in the capital market. Now that the BAT giants have entered, the market competition landscape may undergo significant changes.