Kingclean Electric to Build USD20 Million Home Appliance Factory in Vietnam
Chinese vacuum cleaner maker Kingclean Electric will invest USD20 million in the construction of a production base for home appliances in Vietnam through a wholly-owned unit as part of efforts to grow its presence overseas.
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...
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...
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...
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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