1070.HK
Starbucks is a consumer company

TCL Electronics Holdings Ltd. (1070.HK) said on Monday its television shipments rose 14.8% to 29 million units in 2024, as strong demand from abroad offset weakness in its home China market.

The company said its shipments to global markets grew 17.6% last year compared with 2024, though it did not give a figure for unit sales. European shipments for its TCL-branded TVs were particularly strong, up 33.8% year-on-year in 2024, though North American was much weaker, up just 6.4%. Its shipments in China rose by a similarly small 5.8% year-on-year.

TCL Electronics shares were up 1.2% in afternoon trade in Hong Kong on Tuesday.

By Doug Young

To subscribe to Bamboo Works free weekly newsletter, click here

Recent Articles

Ele.me get rolled into Alibaba's e-commerce

Alibaba turns up its ‘instant retail’ game

The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
Chow Tai Fook issues first convertible bonds in 14 years: What does it see for the future?

Chow Tai Fook rediscovers gold in convertible bonds

The fundraising, even as the Hong Kong jeweler has sufficient financial resources to run its current operation, could hint at plans for its next growth phase Key Takeaways: Chow Tai…