Haier Signs Strategic Agreement with Two of Brazil's Leading Retail Giants
Born in 1999 as a Stanford dorm-room plan to build "eBay for Latin America," Mercado Livre is now the region's largest e-commerce platform, worth ~$15B with 211M users. In 2016, Brazilian retail chain Magalu went digital, turning its 1,245 stores into pickup points and fulfillment hubs for online...
Midea is growing closer to Australian homes
Following regulatory approvals, Midea Group has completed its acquisition of a majority stake in Residentia Group. The two home appliance businesses will move forward as Midea Residentia Australia. The combination brings together Midea' s global technology, R&D, manufacturing and supply-chain...
China offers new-tech preview in Berlin
Representatives from leading technology companies gathered in Berlin last weekend for IFA, the world's largest consumer electronics, home appliances, and future tech event, with companies showcasing their latest products and innovations, and a large number of Chinese brands and manufacturers on...
Haier Smart Home Reports 10.316 Billion Yuan in H1 Net Profit in 2026
Haier Smart Home reported on Aug. 27 that its revenue fell 2.8% year on year to 152.115 billion yuan in the first half of 2026. Net profit attributable to shareholders of the listed company came in at 10.316 billion yuan, down 14.27% from a year earlier, according to the company's interim report.
Midea Group H1 Revenue Rises 3.55% to 260.042 Billion Yuan in 2026
Midea Group reported on Aug. 28 that its first-half revenue rose 3.55% year on year to 260.042 billion yuan. Net profit attributable to shareholders of the listed company increased 1.66% to 26.446 billion yuan, while net profit excluding non-recurring items fell 25.31% to 19.595 billion yuan.
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