Viomi rolls out a connected refrigerator to offer scenario-based experiences

Viomi, a company within Xiaomi’s MI ecosystem, rolls out its new blockbuster-21Face refrigerators designed for home wide interconnection. The member of MI family has been devoted to smart home solutions for scenarios from living room to kitchen, and equipment from lock to refrigerator in recent...

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Joyoung buys into America-based vacuum maker SharkNinja

Chinese kitchen appliance maker Joyoung has bought into SharkNinja, an American vacuum manufacturer in a 12.49 million yuan (US$1.87 million) deal that will secure a controlling 51% stake, Yicai.com reported.

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After a successful takeover bid, Hisense will own 95-percent of Gorenje

Based on the takeover bid for Gorenje shares, announced by the company Hisense Luxembourg Home Appliance Holding on May 29, 2018, and which lasted until and including June 26, 2018, Hisense will acquire further 62.46 percent of all issued Gorenje shares. Thus, as Hisense stated today, the takeover...

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Foxconn acquires stake in Vizio TV brand

Foxconn Technology Group and one of its subsidiaries are acquiring a combined 7.24 percent stake in the California-based television brand Vizio for nearly $70 million, according to a report by Nikkei Asian Review.

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Soccer fever set to kick off national boom in TV sales

China's television sales are expected to increase 10 to 20 percent during the 2018 FIFA World Cup period from June 14 to July 15, with large-screen and high-definition TVs favored by consumers, an industry insider said...

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