Industry News

Buying air conditioners online becomes a fun task

May onwards, as summer temperatures soared in China, so has the number of searches for "air conditioner" on online marketplaces such as Tmall.com, Taobao.com, Suning.com and JD.com. Industry observers foresee a 40 percent year-on-year surge in online sales of air conditioners in 2016. This is...

Haier forms 'smart' alliance to further tap home appliance market

China's largest home appliance supplier Haier Group announced move to establish the first strategic alliance for intelligent manufacturing in home appliance industry during the second World Internet + Industry Conference held in Qingdao from Sept 27 to 28. The cooperation was jointly set up by...

Midea partners with NXP for new smart kitchen appliance

Cooking will become smarter thanks to a new technology implemented in semiconductormicrowave heating devices. Domestic consumer household appliance maker Midea Group Co recently unveiled incollaboration with Netherlands-based NXP Semiconductors a smart kitchen appliance that ispowered by the latter'...

Midea, Haier boost earnings as Chinese adopt smart appliances

Rising middle class in nation leads to an upmarket strategy. China's top two makers of household goods are enjoying an earnings boost as millions of Chinese families increasingly adopt higher-priced smart appliances, such as refrigerators that connect to the internet.

China's Midea to hold about 95% stake in German robotics firm

China's home appliance manufacturer Midea said Monday that it was taking a 95 percent holding in German robotics maker Kuka. Midea will take 37,605,732 shares, 94.55 percent of Kuka after the bid is settled.