Chinese TV-Maker Konka Expands Africa Presence With Factory in Egypt
As domestic competition intensifies, Chinese home electronics companies are seeking opportunities to expand their businesses into overseas emerging markets to sustain growth. Konka Group, a Chinese home appliance maker known for its TVs, has set up a factory in Egypt as part of a joint venture with ...
China's Wanhua Buys Sweden's Chematur for USD134.4 Million Ahead of MDI Plant Deal
China's Wanhua Chemical Group has acquired Sweden's Chematur Technologies for CNY925 million (USD134.4 million) to improve its research and development abilities in Europe before another purchase from the same seller regarding a chemical plant in China's Fujian province...
Haier’s Laiyang-based interconnected smart kitchen factory went into production
The new interconnected smart kitchen appliance factory of Haier Smart Home, based in Laiyang city, Shandong province, went into production starting August 16, 2019.
Hisense TV Unit Cuts Net Profit by 82% in First-Half as Toshiba Deal Weighs Down on Performance
Hisense's TV unit has logged a massive slowdown in net profit in the first half of this year as its acquisition of Japanese Toshiba's TV business dented the Chinese company's performance despite the rise of its exports as well as laser TVs...
TCL's North American TV Sales Jump 75%
TCL Electronics Holdings sold 11.14 million TVs abroad in the first half in a volume more than one-third higher than the same time last year. Its sales in the North American market increased by three-quarters in the same period...
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