Qingdao Haier Completes the Acquisition of Candy to Strengthen Global Leadership in Smart Home Appliances

Qingdao Haier Co., Ltd. has completed the acquisition of Candy S.p.A. Candy is now a wholly-owned subsidiary of Qingdao Haier.

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China's Midea Group expects net profit growth in 2018

China's home appliances maker Midea Group expects to report a fast growth of net profit for last year, it said in a statement Tuesday. The net profit for 2018 is expected to stand at between 19.8 billion yuan ($2.9 billion) and 20.8 billion yuan, up by 15 percent to 20 percent year-on-year...

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Donper rolls out VDU series of super-compact variable frequency compressors

Donper unveils its VDU series, a new generation of super-compact variable frequency compressors, in Guilin, Guangxi province on Dec. 14, 2018.

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TCL plans to sell part of its assets for 4.8 billion Yuan

TCL announced on Dec.8 2018 its plan to sell its consumer electronics, home electric appliances and intelligent terminal businesses with annual revenue of about CNY50 billion in a package to TCL Industries Holdings (Guangdong), a new firm set up by the firm's board chairman Li Dongsheng and other...

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Midea further cooperates with Wuxi on washing machine manufacturing

Midea Group, a Chinese home appliances maker, signed an agreement to cooperate with Wuxi Xinwu district on Dec 4.

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