Ecovacs and Alibaba Cloud Forge Full-Stack AI Partnership
Ecovacs has recently entered into a full-stack AI strategic partnership with Alibaba Cloud. Under the collaboration, the two companies will jointly develop technologies in embodied intelligence across areas such as AI compute, on-device model deployment, and VLM. Ecovacs will also build vertical...
Haier Smart Home Net Profit Rises 14.7% in First Three Quarters
On October 30, Haier Smart Home released its 2025 third-quarter results. The company generated RMB 234.05 billion in revenue for the first three quarters, an increase of 10 percent year-on-year. Net profit attributable to shareholders of the parent company reached RMB 17.37 billion, up 14.7 percent,...
Gree Electric Reports Lower Revenue but Higher R&D Spending
Gree Electric released its 2025 third-quarter report on October 30. For the first three quarters, the company posted RMB 137.18 billion in revenue, down 6.5 percent year-on-year. Net profit attributable to shareholders of the parent company declined 2.27 percent to RMB 21.461 billion. Despite the...
Midea Group Achieves 13.8% Revenue Growth in First Three Quarters
Midea Group announced its third-quarter 2025 results on October 29. The company reported RMB 363.06 billion in revenue for the first three quarters, representing year-on-year growth of 13.8 percent. Net profit attributable to shareholders of the listed company increased 19.5 percent to RMB 37.88...
Hisense Home Appliances Posts 1.16% Revenue Growth in Q3
Hisense Home Appliances reported its third-quarter 2025 results on September 28. Revenue for the first three quarters reached RMB 71.533 billion, up 1.35 percent year-on-year. Net profit attributable to shareholders of the parent company edged up 0.67 percent to RMB 2.812 billion. For the third...
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