TCL eyes Europe, India, S. America

Chinese consumer electronics giant TCL Corp will ramp up efforts to expand its presence in Europe, India and South America this year, and increase investment in the research and development of artificial intelligence, with a focus on semiconductor display, new material and other emerging businesses.

"We will put an emphasis on European countries in 2019, after we established an AI research center in Poland last year, as well as exploring the Indian market, which shows huge growth potential," Li Dongsheng, chairman and chief executive officer of TCL, said on the sidelines of the ongoing annual two sessions.

Li, who is a deputy to the 13th National People's Congress, expected revenue from overseas markets will become a main driving force for the company's overall businesses, adding that sales of terminal devices in the United States increased by 40 percent in 2018 compared with the previous year.