This Day, That Year: July 8

Editor's note: This year marks the 70th anniversary of the founding of New China.

In July 1994, Henan Anyang Color Picture Tube Glass Bulb Co succeeded in developing 25-inch color television picture tubes, as seen in an item from China Daily. It marked the country's progress in large-screen TVs.

Technological development has changed people's viewing habits, from cable television to computers and mobile devices. To keep up with the trend, many TV producers are working with internet giants to strengthen online content offerings.

Innovative products feature large screens with higher resolutions and next-generation display technologies, as increasing numbers of affluent consumers pursue connected, high-end lifestyles.

Hisense Group, a television and appliance manufacturer in Qingdao, Shandong province, launched its 120-inch 4K smart TriChroma Laser TV during the Consumer Electronics Show in Las Vegas, Nevada, in the United States in January. The TV has built-in 100-watt Harman Kardon audio and an ambient light rejection screen.

Skyworth Group in Shenzhen, Guangdong province, introduced a series of artificial intelligence chip-powered organic light-emitting diode TVs last year. The chips leverage AI to search, identify and remeasure images to deliver a more lifelike viewing experience.

TV sales in the domestic market are expected to reach 48.5 million units this year, up 1.6 percent year-on-year, although revenue will dip to 146.8 billion yuan ($21.3 billion), down 1.5 percent year-on-year, according to consultancy All View Cloud in Beijing.

Industry insiders say that while the traditional TV market is already saturated, internet TV is growing. They believe online TV will witness rapid growth in the future as the format accumulates and cultivates a large number of users.