Midea deals to push it up the value chain

The acquisition of a number of international intelligent automation solution makers will help develop new business growth for Midea Group, a traditional home appliance maker based in Guangdong province, according to a senior company executive. Gu Yanmin, vice-president of Midea, said the overseas...

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Growing electronics segment eyes high-end products

Total output by China's electronic information sector-producing products ranging from smartphones, laptops to routers and LCD panels-increased by 10 percent year-on-year in 2016. That was about 4 percentage points higher than the rate of overall industrial output, the China Information Technology ...

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Samsung steps up moves into the home

Samsung Electronics Co Ltd is speeding up its layout into the home appliances sector in China-ranging from televisions, refrigerators, washing machines, air purifiers and robot vacuum cleaners-as it continues its efforts to put behind it the global recall of its flagship Galaxy Note 7 smartphone...

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JD.com to Expand Offline Presence in Rural Appliance Market

(Beijing) – JD.com, which accounts for 62% of China’s online home appliance sales, plans to expand its offline presence by opening 10,000 brick-and-mortar stores this year, according to Vice President Yan Xiaobing. JD.com, China's second-largest e-commerce platform after Alibaba Group, is counting...

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Alibaba buys 25 percent stake in Haier multimedia company

Qingdao Haier Co Ltd - the listed arm of Haier Group, China's biggest home appliance supplier - said it will join hands with e-commerce giant Alibaba Group Holdings Ltd to own stakes in Haier's multimedia company. Haier said its multimedia company, which is positioned as an operating platform of...

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