TCL was established in 1981 as TTK Home Appliances Co., Ltd., and was one of China’s first joint venture companies. TCL started out producing magnetic tape and eventually expanded the business to smart terminals production, semiconductor displays, new energy photovoltaic, industrial finance and investment. In 1999, TCL was the first Chinese company to enter the Vietnamese market and took the important first step of “going abroad”. As of today, TCL has established 48 research center and development (R&D) organizations, 12 joint laboratories, and 32 manufacturing bases globally, and operates in over 160 countries and regions around the world. It has become a leading company with global influence.