The two sides will carry out cooperation based on the basic capabilities of the Internet, content and services, ecological resources, etc. to achieve mutual complementarity and win-win cooperation.
The expected shareholding structure of Thunderbird Technologies after the completion of this round of financing is as follows (FFalcon is a wholly-owned subsidiary of TCL Multimedia):
Thunderbird Technology is mainly engaged in the group's smart TV platform operation business. In July 2017, Thunderbird Technology was awarded a strategic investment of 450 million yuan by Tencent, corresponding to 16.67% of the then-invested equity. Both parties focused on content sharing, product innovation, marketing, and membership. 4. Deepen cooperation in aspects such as operations, improve strategic resources cross-border complementarity and the level of software and hardware synergy.
Thunderbird Technology stated that as of March 2018, the cumulative activation of the company's TV+ smart network TV platform was 25.59 million, with an average of 12.06 million active users per day, and an operating income of 66.87 million yuan in the first quarter of 2018.