BEIJING--(BUSINESS WIRE)--The following is a press release from FFalcon Technology:
"On April 26, 2018, FFalcon Technology launches its new smart TV brand iFFalcon in India. FFalcon Technology was formerly the TV+ Business Centre in TCL Multimedia. Tencent, one of the Internet giant in China and South New Media, one of the Integrated Broadcast and Control License Holders, are strategic investors of FFalcon Technology. FFalcon Technology has obtained financing capital of $90 million and its Series A valuation is about $450 million.
Thanks to the booming growth in the usage of smart device and the ever-increasing access to high-speed internet, consumer preferences in India are evolving at a rapid pace. Through the launch of its new smart TV brand iFFalcon, FFalcon Technology would like to provide young Indian people with a new refreshing option to watch what they want to watch over multiple channels. Through its robust partnerships with leading content providers such as Netflix, YouTube, Yupp TV, Eros Now, Flickstree and many others, FFalcon Technology provides its Indian customers with a rich content library elevating their home entertainment experience and enriching their lives with cutting-edge tech and high-quality content. FFalcon Technology provides a highly customized, one-stop solution for overseas markets, which will bring the ultimate audio and visual experience to customers all over the world.
Tony GUO, CEO of FFALCON Technology says, “In the very near future, FFALCON TV will lead the evolving trend of Chinese Internet TV with big screen, AI and smart home. Today in here, at the product launch event of the Indian brand, iFFALCON smart TVs, we are stepping out the first step of our international business expansion. Someone might ask. Why do you choose Indian market? Well, India has a huge population and market size similarly with China. Here the smart TV industry is starting up with huge market potentials. We are willing and very glad to provide our excellent products and premium contents and services to the consumers in India.”
With its rollout in Indian market, FFalcon initiates the first step of its global strategy. FFalcon aims to further strengthen its leading market position in the consumer electronics domain. With high quality content, smart technology, and powerful hardware, FFalcon Technology provides the most fulfilling and enriching entertainment experience to its users."