Midea completes business delivery to Hitachi compressor plant in Thailand

On March 1, 2021, Midea Group completed the business delivery of Hitachi compressor factory in Thailand (on December 24, 2020, it completed the acquisition of 100% shares held by Hitachi global life solutions, Inc.), and the factory was officially renamed GMCC and welling appliance component ...

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Optimism for North American Market, Hisense Officially Announced to Invest 260 Million US Dollars in Building Home Appliance Industrial Park in Mexico

On March 2nd, 2021, Hisense announced to invest 260 million US dollars in building a new Home Appliance Industrial Park in Monterrey, Nuevo León State, Mexico.

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TCL became the largest shareholder of Homa

TCL became the largest shareholder of Homa after spending 186 million RMB to purchase 40.4744 million shares of the company at an online auction on January 14 2021. After the deal, TCL and its affiliate hold a combined stake of 15.57% of Homa.

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Suning Hits Limit Up as Shenzhen Gov’t-Backed Firms Invest USD2.3 Billion to Prop Up Ailing Retailer

Shares in Suning.com shot up by the exchange-imposed daily limit today after it was announced that two investment firms backed by the Shenzhen government will pay CNY14.8 billion (USD2.3 billion) for a 23 percent stake in the ailing Chinese retailing giant to help ease liquidity pressure.

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China to build over 600,000 5G base stations during 2021

China will build more than 600,000 5G base stations in 2021 as the nation accelerates the rollout of wireless technology, according to the Ministry of Industry and Information Technology.

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