Midea to Buy Rest of Kuka for USD165 Million Before Taking German Robot Maker Private
Chinese home appliances giant Midea Group said it plans to spend about EUR151 million (USD165 million) to fully acquire Kuka before delisting the leading German industrial robots maker.
Read More →Chinese White Goods Giant Hisense to Set Up R&D Centers in US, Japan This Year
Hisense will establish research and development centers in the United States and Japan this year to further expand in overseas markets, the vice president of the Chinese household appliance maker’s international marketing business has revealed.
Read More →Factories from Haier, Midea and BOE included in Global Lighthouse Network
The World Economic Forum (WEF) has added 13 new smart factories to its ‘global lighthouse network’ of flagship sites for advanced manufacturing on March 30 2022, of which China-based home appliance factories are BOE Technology Group (Fuzhou, China), Haier (Zhengzhou, China), Midea (Jingzhou, China...
Read More →JD Group posted net revenue of 951.6 billion Yuan for 2021
JD Group posted revenue of 951.6 billion Yuan (around 149.3 billion USD) in 2021, up 27.6% YoY, and revenue of 275.9 billion Yuan (around 43.3 billion USD) for Q4 alone, up 23% YoY, according to the annual report released by the company on March 10 2022. It is learned that revenue from JD Logistics ...
Read More →TCL Electronics posted revenue of 74.85 billion HKD for 2021
TCL Electronics posted revenue of 74.85 billion HKD for 2021, up 46.9% YoY, according to the annual report the company released on March 11 2022. It is learned that its net profit attributable to the parent company fell slightly to 1.18 billion HKD under the influence of rising raw material costs,...
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