Smart vacuum market heats up

Fueled by the rising income and rapid development of the service robotics industry, a growing number of Chinese consumers are embracing household robots to improve their daily lives.On Nov 11, the annual Singles Day online shopping spree, Deebot S, the most popular robot vacuum model by Ecovacs,...

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Haier, Hisense build U.S.-based facilities to stay close to market

By building facilities in the U.S. or Europe, some Chinese enterprises put markets and consumers as their priority, with cost coming second.” Song Zhanyou, secretary of president of Shandong Weida machinery, told the reporter of Securities Times. Shandong Weida has long been planning to build a U.S...

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China's Midea completes takeover bid for German robot maker

Chinese home appliance maker Midea Group announced Friday (Dec 30) it has secured approval for its bid to take over German robotics firm Kuka and will complete the deal in early January.A statement from Midea, best known for washing machines and air conditioners, said the bid will promote the robot ...

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TCL Corp took global strategy to heart early

Business model was 'just a concept' in the beginning, but financial crisis showed necessity of taking operations overseas. While many companies think about going global only when they are strong domestically, Chinese electronics giant TCL Corp has cultivated its international DNA since it was very...

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Fotile Kitchenware cooks North America expansion plan

Ningbo Fotile Kitchenware Co Ltd, which makes high-end appliances and integrated kitchens, will accelerate its expansion into North America next year, having tasted success in Asia. "We are going to target the Chinese-American families as our initial forays have yielded success," said Mao Zhongqun, ...

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