China's electrical appliance giant Hisense to establish new factory in Egypt
Hisense Group, a Chinese multinational major appliance and electronics manufacturer, in partnership with the United Arab Emirates' FBB TECH company, signed on Thursday a land lease contract with Egypt-TEDA SEZone Development Company to build a new factory in the China-Egypt TEDA Suez Economic and...
LG Display Picks China’s TCL CSOT as Preferred Bidder for Guangzhou LCD Plants
LG Display has chosen TCL China Star Optoelectronics Technology as the preferred bidder for the South Korean firm's factories in Guangzhou that make 8.5-generation liquid crystal displays, as Korean companies further abandon the LCD television screen market.
Midea Group Reports a Record-Breaking RMB 20 Billion in H1 Profits
Midea Group has achieved a historic financial milestone, with revenue surpassing RMB 100 billion for two consecutive quarters and reaching a remarkable RMB 218.1 billion in the first half of 2024. This represents a 10% year-over-year increase, with profits jumping to RMB 20.8 billion, reflecting a 1...
TCL Smart Home Appliances posted revenue of RMB 8.962 billion for H1 2024
On August 7, TCL Smart Home Appliances, formerly known as Guangdong Homa Group Co., Ltd., posted revenue of RMB 8.962 billion, up 24.74% YoY, net profit attributable to shareholders of the listed company RMB 559 million, up 32.65% YoY, and earnings per share RMB 0.5159, up 32.66% YoY.
JD.com Announces Second Quarter and Interim 2024 Results
JD.com, Inc., a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2024.
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