Xiaomi posts revenue of RMB88.9 bn for Q2 2024
Xiaomi released its Q2 2024 financial report on August 21, 2024. In the second quarter of 2024, Xiaomi’s total revenue was 88.9 billion yuan, a year-on-year increase of 32.0%; the adjusted net profit reached 6.2 billion yuan, up by 20.1% year-on-year. Among these, the performance of the smart major...
Haier Smart Home Intends to Acquire Electrolux South Africa's Water Heater Business
On 18th July 2024, Haier Smart Home entered into the transaction with Electrolux Group in Sweden to acquire 100% equity interest in Electrolux South Africa Proprietary Limited ("ESA"), its subsidiary engaging in water heater business in South Africa.
Chinese Small Home Appliance Firm Bear Buys Local Maker of Philips Products
Chinese small home appliance manufacturer Bear Electric Appliance has completed the acquisition of a local company making personal care products for Philips and other overseas brands to diversify its operations.
BSH Global R&D Center and BSH China Home Appliances Talent Center unveiled in Nanjing
On June 24, 2024, BSH Home Appliances Investment (China) Co., Ltd. signed a strategic cooperation memorandum with the municipal government of Nanjing. The BSH Global R&D Center and BSH China Home Appliances Talent Center were officially unveiled in Nanjing. This initiative demonstrates BSH’...
Chinese robotic vacuums sweep up overseas market
Chinese robotic vacuum cleaner manufacturers are accelerating steps to expand their footprint in overseas markets, with a key focus on upgrading products and improving technological innovation capacities amid a broader push to bolster global sales and enhance international influence and brand...
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