Industry News

Panasonic to Build Global Appliance Plant in China

Panasonic plans to build a new kitchen appliance factory in China to act as a global production hub as the Japanese electronics giant remains optimistic about the sector despite a rise in competition.

Xiaomi to Enter Japan on Dec. 9

Xiaomi, the world’s fourth-largest smartphone brand, will enter the Japanese market earlier than expected as it touts overseas markets as an important pillar of its growth.

Smartmi unveils new brand Jya to highlight design aesthetics

Smartmi, a company within Xiaomi’s ecosystem, unveiled its new brand Jya, a homophone for “home” in Chinese, in Beijing on November 26 2019. Products released at the conference included a convection space heater, a desktop air purifier, an air circulator fan and a lamp. The brand later put on a...

Revenue of JD.com grew by 28.7% YOY for Q3 2019

Revenue of JD.com posted 134.8 billion Yuan for Q3 2019, up by 28.7% year-on-year, higher than the expected 128.4 billion Yuan, and net profit 3.1 billion Yuan, up by a whopping 160.6% year-on-year, EPS of JD ADS 2.08 Yuan, more than the expected 1.22 Yuan, according to the Q3 report of the company ...

Pinduoduo suffered a net loss of 2.335 billion Yuan for Q3 2019

Revenue of Pinduoduo posted 7.514 billion Yuan for Q3 2019, up by 123% year-on-year, net loss 2.335 billion Yuan, up by 112% compared to the 1.098 billion Yuan of last year, according to the company’s Q3 report released on November 20 2019. The combined revenue for the past 9 months posted 19.349...