Haier Boosts First-Half Income Overseas as Chinese Appliance Market Slips

Haier Smart Home, one of China's biggest appliance makers, boosted revenue by almost 9.4 percent in the first half as it turned to overseas markets amid a waning Chinese appliance sector..

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China's home appliance sector expands in H1

The output and sales of China's home appliance saw a stable growth in the first half of the year, an industry report showed. Domestic retail sales reached 429.7 billion yuan ($62.28 billion) during the period, with over 40 percent contributed by online sales, according to a report released by the...

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Chinese TV-Maker Konka Expands Africa Presence With Factory in Egypt

As domestic competition intensifies, Chinese home electronics companies are seeking opportunities to expand their businesses into overseas emerging markets to sustain growth. Konka Group, a Chinese home appliance maker known for its TVs, has set up a factory in Egypt as part of a joint venture with ...

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China's Wanhua Buys Sweden's Chematur for USD134.4 Million Ahead of MDI Plant Deal

China's Wanhua Chemical Group has acquired Sweden's Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China's Fujian province...

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Haier’s Laiyang-based interconnected smart kitchen factory went into production

The new interconnected smart kitchen appliance factory of Haier Smart Home, based in Laiyang city, Shandong province, went into production starting August 16, 2019.

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