Haier Smart Home Successfully Completes Acquisition of Carrier Commercial Refrigeration
October 1st 2024 (Beijing time), Haier Smart Home Co., Ltd. , a global leader in consumer electronics and home appliances, announced the successful completion of its acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation for an enterprise value of approximately $775 million....
TCL plans to acquire stakes in LG Display
Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in LG Display Guangzhou through its subsidiary TCL China Star Optoelectronics Technology for 10.8 billion yuan ($1....
China reports surge in home appliance sales under trade-in program
The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan ($4.78 billion) since August, the latest data from the Ministry of Commerce (MOC) showed.
Panasonic Group’s Shanghai Co-Creation Center established
Recently, Panasonic Group’s Shanghai Co-Creation Center was established. It is reported that the total office area of the Panasonic Group Shanghai Co-Creation Center is 11,000 square meters. The center will host six Panasonic subsidiary companies and more than 750 employees, making it the largest...
Chinese home appliance giant Haier launches groundbreaking ceremony for 40-mln-USD plant in Egypt
Chinese home appliance giant Haier held a groundbreaking ceremony on Monday for the second phase of its industrial park in Egypt in 10th of Ramadan, a city northeast of Cairo.
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