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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Hisense phone targets e-book lovers

Chinese home appliance manufacturer Hisense Group launched its first dual-screen smartphone A2, aimed at young consumers and e-book enthusiasts. The smartphone has a 5.5-inch AMOLED display on the front and a 5.2-inch Kindle-like electronic paper display on the back, on which users can read and...

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Home appliance makers' profits up 20.4% last year

Domestic home appliance manufacturers reported a 20.4 percent increase in 2016 profits, Beijing Business Today reported citing data from the National Bureau of Statistics. Last year, China's home appliance makers' core business revenue totaled 1.46 trillion yuan ($212.37 billion), up 3.8 percent...

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