Midea released financial report for 2020 and Q1 2021
Midea Group posted annual revenue of 284.2 billion Yuan for 2020, up by 2% year-on-year, net profit attributable to the parent company 27.2 billion Yuan for 2020, up by 12% year-on-year, revenue of 82.5 billion Yuan for Q1 2021, up by 42% year-on-year, and net profit attributable to the parent...
Net profit of Gree Electric Appliances leaped YoY in Q1 2021
Gree Electric Appliances posted revenue of 33.189 billion Yuan in Q1 2021, up by 62.73% year-on-year, net profit attributable to shareholders of the listed company 3.443 billion Yuan, up by 120.98% year-on-year, and net profit attributable to shareholders of the listed company after non-recurring...
Hisense Home Appliances unveiled performance forecast for Q1 2021
Hisense Home Appliances unveiled its performance forecast for Q1 2021 on April 14 2021. According to it, net profit of Hisense Home Appliances for Q1 2021 is estimated to be between 0.209 billion Yuan-0.229 billion Yuan, a year-on-year growth of 380%-426%.
JD.Com to Open Store on TikTok’s Chinese Twin Douyin
E-commerce giant JD.Com is deepening its partnership with TikTok’s Chinese version Douyin by opening a store on the video-sharing and social networking platform. Douyin users will no longer need to click any links to go to a JD.Com page and can use JD.Com’s logistics, warehousing and after-sales ...
Galanz receives nod to buy Whirlpool China
Home appliance manufacturer Galanz Group's acquisition of the Chinese unit of United States' white goods maker Whirlpool will help it to diversify its business, a top company official said.
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