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.
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.
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.
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.
Haier Smart Home to List on HK Bourse as Haier Electronics’ Privatization Is Approved
Haier Electronics Group will delist from the Hong Kong stock exchange on Dec. 23, stepping aside to make way for a secondary listing the same day on the HK bourse by its sister company Haier Smart Home as the two firms prepare to merge their home appliance businesses.
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