Chinese Home Appliance Makers Shift Their Focus From Output to Brand Image at IFA

Chinese home appliance companies showed shifts in their focus from output to brand image, from low-end manufacturing to upscale markets and from the Made-in-China model to global supply chain optimization at this year's Internationale Funkausstellung Berlin (IFA) show, one of the world’s top three ...

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Chinese companies showcase economic strength, leadership, technology at IFA

Chinese companies are showcasing their economic strength, leadership and technology at IFA 2017, the world's leading trade show for consumer electronics and home appliances, the organizer said on Sunday. Over 700 exhibitors and brands from China have taken part in IFA 2017, more than one third of...

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Sales Growth, New Income Sources Drive Midea's First-Half Revenue to USD18.65 Billion

Midea Group Co. said yesterday in its semi-annual report that its revenue and net profit rose 60 percent and 14 percent, respectively, in the first half on sales growth and the addition of income sources. The company's revenue was USD18.65 billion (CNY124.96 billion) in the period, and its net...

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Gree Electric Appliances Posts Over 40% Revenue, Net Profit Growth in First Half

Leading Chinese home appliance company Gree Electric Appliances, Inc. has reported a 40 percent annual rise in operating income to USD10.61 billion (CNY70.02 billion) in the first half of the year. Net profit soared 48 percent to USD1.43 billion (CNY9.45 billion).

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Zhejiang Supor to Acquire China Business of Germany's WMF Brand from Parent Company

Zhejiang Supor Co., Ltd. is to acquire the China business of WMF, a small household appliance brand in Germany, from its controlling shareholder. The company intended to spend self-owned funds buying WMF's consumer products business of the Chinese market, mainly regarding the inventories (kitchen...

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