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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Xiaomi cooperates with Ikea to develop smart home system

At the 2018 Xiaomi AIoT (Artificial intelligence technology and the Internet of Things) developer conference, Lei Jun, founder of Xiaomi Technology, announced that Xiaomi Smart Home and the Internet of Things will advance into the markets of business travel, automobiles and home decoration.

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China's Wanhua to develop new chemical manufacturing complex in US state of Louisiana

China's Wanhua Chemical Group will invest $1.25 billion to develop a methylene diphenyl diisocyanate (MDI) complex in the southern US state of Louisiana...

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Midea Group to merge with laundry machine maker Little Swan

Chinese electrical appliance manufacturer Midea Group is planning to issue shares to complete a merger with laundry equipment manufacturer Little Swan in a deal estimated to be worth 14.38 billion yuan(US$2.07 billion), Yicai.com reported.

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