Midea's preliminary transformation results in 51% increase in total revenue

According to Midea Group’s 2017 Annual Report, it achieved total revenue of RMB241.92 billion, up 51.35% compared to 2016; net profit of RMB18.61 billion, representing a year-on-year increase of 17.33%; net profit attributable to shareholders of the company of RMB17.28 billion, growing 17.70%...

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TCL released its 2017 Annual Report

TCL Group released its 2017 Annual Report on April 12th 2018. According to the report, TCL Group posted revenue of 111.58 billion RMB in 2017, up by 4.79% year-on-year from 106.47 billion RMB of 2016, net profit attributable to shareholders of listed company 2.665 billion RMB, up by 66.32% year-on...

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Haier Plans to Issue Up to 400 Million D-Shares in Germany

Chinese home appliance maker Qingdao Haier Co. reiterated yesterday that it plans to float an initial public offering on the D-share market in Germany but has still not confirmed that the listing will occur.

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Haier, 5i5j team up on rental business

The leading Chinese real estate agency 5i5j Group has formed a partnership with Haier Financial Holdings for long-term rental business on on March 26., making a move in China's heated long-term rental market.

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Midea and KUKA Announce Roadmap for Robotics and Automation in China

Midea, together with KUKA, made a groundbreaking announcement on March 21st that, with the former’s investment in the latter’s business activities in China, both parties have decided to set up three joint ventures with the vision to ultimately boost a fast and comprehensive growth in the...

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