China: TCL Corp, Tsinghua Unigroup join hands for $1.5b acquisition fund

China: TCL Corp, Tsinghua Unigroup join hands for $1.5b acquisition fund

Chinese consumer electronics maker TCL Corporation has formed a partnership with Tsinghua Unigroup, the state-backed private equity firm, to jointly establish a RMB10 billion ($1.5 billion) industry acquisition fund.

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