TCL Group Co., Ltd. issued a voluntary announcement on its subsidiary, Thunderbird Technologies, intends to introduce Jingdong’s strategic investment.
According to the announcement, in order to accelerate the development of the TCL Group's Internet business and enhance the ability of home Internet operations, the company’s shareholding company, Shenzhen Thunderbird Technology Co., Ltd. and Beijing Jingdong Century Trading Co., Ltd. reached an agreement, and Thunderbird Technology intends to introduce Jingdong as a strategic investor. , Conduct cooperation based on the basic capabilities of the Internet, content and services, ecological resources, etc. to achieve complementary advantages and win-win cooperation.
Jingdong intends to subscribe for new shares of Thunderbird Technology with RMB 300 million to obtain a 6.67% stake in Thunderbird Technologies after this capital increase.
The expected equity structure of Thunderbird's current round of financing is as follows:
