Midea Takes Control of China’s Clou Electronics to Deepen Energy Storage Footprint
Midea Group, a Chinese home appliance giant, will become the controlling shareholder of Clou Electronics, a smart meter and energy storage developer, to control the second listed company in the field.
Xiaomi air conditioning established strategic cooperation with Panasonic
The air conditioning division of Xiaomi Group announced on June 14, 2023 its strategic cooperation with Panasonic. The multi-level, multi-field strategic cooperation involved the resource sharing of R&D, production and manufacturing of air conditioning products.
Alibaba-Backed Takeout Platform Ele.me Adds Suning’s Electronics Stores
Ele.me and Suning.Com have agreed a partnership by which Suning will become the first large retailer in the computer, communication, and consumer products field to include its stores on the Alibaba-backed takeout platform.
Hisense sees automotive electronics as a second curve
Hisense has been on a transition to diversify its B2B business and regards automotive electronics as one of its second curves after it acquired Japan’s automotive air-conditioning manufacturer Sanden two years ago, stated Jia Shaoqian, chair of the board and President of Hisense Group. He unveiled ...
Net profit of Haier Smart Home up 12.6% YoY for Q1 2023
Haier Smart Home posted revenue of 65.066 billion Yuan for Q1 2023, up 8% YoY, net profit attributable to shareholders of the parent company 3.971 billion Yuan, up 12.6% YoY, and net profit attributable to shareholders of the parent company after the deduction of non-recurring gains and losses 3.7...
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