Haier's D-shares start trading in Frankfurt

China's white goods manufacturer Qingdao Haier went public on Wednesday on China Europe International Exchange's D-Shares Market in Frankfurt, the first Chinese company to do so. Shares were listed in the Prime Standard, which is part of the EU-regulated market of the Frankfurt Stock Exchange, and...

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Haier expands Kentucky plant, adds 400 US jobs

Chinese electronics giant Haier Group has announced a $200 million expansion of its laundry and dishwashing manufacturing in Kentucky that will add 400 new jobs, and a $547 million acquisition of an appliance manufacturer in Italy to increase its market share in Italy...

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Qingdao Haier and Candy Join Hands to Expand Leadership in Smart Home Appliances

Qingdao Haier Co., Ltd. (SHA: 600690, “Qingdao Haier”) and Fumagalli family have announced a deal to combine the operations of Haier and Candy S.p.A (“Candy”). Under the agreement, Haier will invest 475 millions € to further accelerate its growth in the European market...

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TCL sets up AI research center in Poland

Consumer electronics giant TCL Corp has set up a research and development center in Poland with a focus on artificial intelligence, as part of a broader push to expand its presence in the European market. The R&D center will focus on AI-related sectors based on deep learning, such as computer vision...

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Chinese TICA Group signs global joint venture with oil-free chiller founder

Montreal-based oil-free centrifugal cooling specialist Smardt Chiller Group has signed a joint venture with TICA Group, claimed to be China’s market leader in high-efficiency ventilation solutions. TICA holds a controlling interest in the new joint venture, which plans to accelerate development of ...

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