China’s Mid-Year Shopping Gala Boosts Small Home Appliance Sales
Sales of small home appliances in China, particularly of beauty, health, and pet care gadgets, have surged over the course of this year's 618 shopping festival, driven by discounts, tech innovations, and a growing cohort of younger buyers who value quality and good design.
Haier Completes Acquisition of KLIMA KFT to Accelerate HVAC Growth in Central and Eastern Europe
HAIER EUROPE APPLIANCES HOLDING BV and KLIMA KFT officially completed the closing and handover ceremony in Budapest on June 3, 2025. This marks a pivotal step in Haier HVAC’s strategic expansion into the Hungarian market. The transaction encompasses all of KLIMA’s assets, channels, and expertise, ...
TCL Smart Home Plans to Invest RMB 680 Million in Thailand, with Two-Phase Construction of Freezer and Refrigerator Production Lines
On June 9, Guangdong TCL Smart Home Appliances Co., Ltd. announced an adjustment to its Southeast Asia production base construction plan and disclosed the latest progress of the project.
Panasonic Teams Up with Alibaba Cloud to Power Smart Living with AI in China
Panasonic Appliances (China) has entered a strategic partnership with Alibaba Cloud to co-develop a “Smart Living” platform powered by Qwen, Alibaba’s large language model (LLM). The collaboration will bring enhanced AI capabilities to Panasonic’s home appliances, such as refrigerators and...
TCL and Alibaba Cloud Establish Full-Stack AI Strategic Partnership
On May 22, TCL and Alibaba Cloud announced a full-stack AI strategic partnership. The two parties will focus on areas such as semiconductor displays and smart terminals, leveraging Alibaba Cloud’s core "Cloud + AI" capabilities to jointly develop industry-specific large models.
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