Chinese Fridge Maker Homa Buys TCL's Home Appliances Unit for USD46.2 Million
Guangdong Homa Group is paying CNY330 million (USD46.2 million) to acquire TCL Home Appliances (Hefei), the sister firm of its majority shareholder TCL Home Appliances Group under TV giant TCL Electronics, to eliminate direct competition within TCL.
Big Chinese companies brighten 2024 CES
Chinese technology companies have made a prominent comeback at the 2024 Consumer Electronics Show (CES).
Haier Smart Home Acquires Carrier’s Commercial Refrigeration Business for USD 640 million
Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier’s Commercial Refrigeration Business through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million , which represents...
Hisense unveiled new R&D Center in Dubai
Hisense unveiled the new R&D Center in Dubai, emphasizing its dedication to high-quality, region-specific products, tailored to local consumers. Throughout the region, and beyond, the advanced R&D Center reflects a strong commitment to developing local economies and accelerating the globalization...
Groundbreaking event for Midea’s new factories in Egypt
Midea Group today announced the launch of its third industrial complex in Egypt in the industrial zone in Sadat City, with investments of $105 million, bringing the volume of Midea Group's investments in the Egyptian market to $247 million and opening the door to approximately 3,900 new job...
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