TCL Smart Home Plans to Invest RMB 680 Million in Thailand, with Two-Phase Construction of Freezer and Refrigerator Production Lines
On June 9, Guangdong TCL Smart Home Appliances Co., Ltd. announced an adjustment to its Southeast Asia production base construction plan and disclosed the latest progress of the project.
Panasonic Teams Up with Alibaba Cloud to Power Smart Living with AI in China
Panasonic Appliances (China) has entered a strategic partnership with Alibaba Cloud to co-develop a “Smart Living” platform powered by Qwen, Alibaba’s large language model (LLM). The collaboration will bring enhanced AI capabilities to Panasonic’s home appliances, such as refrigerators and...
TCL and Alibaba Cloud Establish Full-Stack AI Strategic Partnership
On May 22, TCL and Alibaba Cloud announced a full-stack AI strategic partnership. The two parties will focus on areas such as semiconductor displays and smart terminals, leveraging Alibaba Cloud’s core "Cloud + AI" capabilities to jointly develop industry-specific large models.
Xiaomi’s smart large home appliances experienced explosive growth
On May 27, Xiaomi Group released its financial report for the first quarter of 2025. According to the report, Xiaomi's total revenue for Q1 reached RMB 111.3 billion, marking a 47.4% year-on-year increase. Adjusted net profit stood at RMB 10.7 billion, up 64.5% year-on-year.
Midea Partners with Thailand's CP AXTRA in MoU Deal
On May 13, Midea International Business and CP AXTRA, a retail subsidiary of Thailand's Charoen Pokphand (CP) Group, held a signing ceremony at Midea's headquarters to formalize a Memorandum of Understanding (MoU). The collaboration aims to expand Midea's home appliance business in Thailand through ...
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