TCL Technology H1 Net Profit Rises 102.2% in 2026
TCL Technology reported first-half revenue of 88.65 billion yuan, up 3.6% year on year, while net profit attributable to shareholders of the listed company surged 102.2% to 3.81 billion yuan. At a recent investor meeting in Shenzhen, CEO Wang Cheng and the company's management team discussed its...
US FFC’s Import Ban on Advanced Robots May Affect Chinese Robot Vacuums, Lawn Mowers, Insiders Say
Chinese robot vacuum cleaner and lawn mowing robot companies may be affected by the United States Federal Communications Commission’s import ban on foreign-made advanced robotic devices, according to industry insiders.
JD.com’s Electronics and Home Appliance Revenue Falls 10.3% in First Half
JD.com reported first-half revenue of 662.095 billion yuan and operating profit of 8.354 billion yuan, according to its second-quarter and interim results released on August 13. Second-quarter revenue fell 2.9% year on year to 346.4 billion yuan, while operating profit reached 4.5 billion yuan,...
Panasonic Turns Into AI Infrastructure Supplier as Parts Drive China, NE Asia Revenue Growth
Panasonic Holdings's components, including artificial intelligence-related parts, have become the Japanese electronics giant's largest revenue driver in China and Northeast Asia, followed by home appliances, with the firm transforming into an AI infrastructure provider.
Chinese ACs cool sweltering Europeans
At an air conditioner factory run by Midea Group, a leading Chinese home appliance manufacturer, in the Shunde district of Foshan, Guangdong province, workers are putting in overtime to ramp up production of portable split air conditioners.
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