Chinese TV brands lead world

Chinese brands of televisions accounted for 30 percent of the global market in 2016, an increase of 3.2 percent year-on-year as Chinese home appliance companies stepped up efforts to expand overseas through mergers and acquisitions, according to All View Cloud, a Beijing-based consultancy.

Chinese TV sales were 50.89 million units last year, up 7.8 percent from 2015, with the value reaching 156 billion yuan ($22.5 billion), said AVC.

Chinese TV manufacturers have expanded their global influence by M&A. In 2016, Qingdao-based Haier Group completed the purchase of GE Appliances for a staggering $5.58 billion. LeEco announced in July that it acquired Vizio, a major US TV brand, for $2 billion in cash.