Whirlpool to Streamline China Operations by Axing Appliance Brands

Whirlpool Corp. plans to cut up to two of its four home appliance brands in China this year in order to capitalize on increased consumer spending nationwide and improve its market influence.

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Haier Aims to Rinse Russian Market With New Washing Machine Plant

Haier Group has broken ground on a USD50 million production base in Tatarstan, Russia as part of the Chinese white goods maker’s efforts to gain a foothold in European and Central Asian markets.

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Hisense offers best bid for Slovenia's Gorenje

Chinese home appliances maker Hisense Electric Co Ltd has won the bidding process for Slovenian appliances producer Gorenje, which said it received three binding offers by interested strategic partners from Asia on May 10th, 2018.

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China’s Home Appliance Giant Qingdao Haier Posts First Revenue From Intelligent Business

China’s home appliance maker Qingdao Haier Co., posted substantial revenues in its ecologically intelligent business for the first time, the company’s first quarterly report showed.

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Foxconn interconnect technology and Belkin International announce transaction to create global consumer electronics leader

Foxconn Interconnect Technology Limited (FIT) (HKG: 6088), a subsidiary of Hon Hai Precision Industry Co., Ltd., and Belkin International, Inc. (Belkin®, Linksys®, Wemo®, Phyn® brands) jointly announced on March 26 the signing of a definitive agreement under which FIT agreed to acquire Belkin...

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