China’s Hisense Overtook Sony, Samsung in Average TV Set Size Shipped Last Year

China's Hisense Co., a state-owned electric appliance manufacturer, reached an average shipped product size of 47.3 inches last year, surpassing Japan's Sony Corporation and gapping away from South Korea's Samsung Electronics Co. and LG Electronics Inc...

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Baidu expands in smart hardware with investment in Coocaa

Baidu said it will invest 1.01 billion yuan (US$159.6 million) in Coocaa, the smart TV unit owned by consumer electronics producer Hong Kong Skyworth Digital Holdings, according to a stock exchange filing today. A total of 13.43 million yuan will be contributed toward the registered capital of...

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JD.Com to Almost Double Home Appliance Stores Across China This Year

China’s second-largest e-retailer JD.Com Inc. aims to penetrate the offline market further this year by nearly doubling the number of its home appliance stores to 15,000 this year, thereby covering the whole country...

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Haier's sales revenue rises 20% in 2017

China's leading home appliance maker Haier said on Saturday its global revenue increased 20 percent year-on-year to 241.9 billion yuan ($37.2 billion) in 2017 thanks to its expanding share in the high-end market.

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Midea, Alibaba team up to tap retail opportunities

Midea Group, one of the world's leading household appliance manufacturers, has teamed up with tech titan Alibaba Group Holding Ltd to launch business in the emerging new retail sector, according to sources with both companies...

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