Caixin Summit: TCL Chairman Urges Manufacturers to Embrace AI and Localize Overseas

Detailed summary

Li Dongsheng warns that heavy spending on the technology will trigger a shakeout unless companies can turn investments into returns ...

Chinese manufacturers should aggressively deploy AI and reinvent their overseas footprints to survive an increasingly fractured global economy, according to veteran industrialist Li Dongsheng, chairman of TCL Technology Group Corp.

Addressing the Caixin Summit on Thursday in Beijing, Li identified embedding AI deep into business operations and transitioning to decentralized global development as the “two critical paths” for China’s advanced manufacturing sector to overcome mounting challenges and find new sources of growth. But he also warned that massive capital expenditure on AI does not necessarily guarantee commercial success.

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