[PConline News] TCL Group announced that it expects net profit for the first three quarters of this year to increase by 72%~77% to RMB 3 billion~3.08 billion year-on-year. At the same time, it will continue to promote the transition strategy of the Internet. TCL plans to spend USD 80 million to build a cloud service platform with Cisco. However, TCL stakeholders denied the rumors of the acquisition of HTC.
At the beginning of this year, TCL released the “Double+Strategy†to transform the Internet. Cloud service is one of the key projects, and TCL Communication (02618.HK) is responsible for advancing.
On October 9th, TCL signed an investment agreement with Cisco. The two parties jointly invested in the construction of a "public commercial cloud service platform project" and conducted in-depth cooperation in the areas of cloud computing, next-generation video communications and interactive technologies.
The first-phase investment of the project company is 80 million US dollars, of which TCL Holdings's "Yongfu Investment" invested 64 million US dollars, accounting for 80% of the shares; Cisco's wholly-owned subsidiary "Cisco Switzerland" invested 16 million US dollars, accounting for 20% of shares .
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