Industry News

Konka launches operation of its live stream base for white goods

Konka’s Chuzhou-based live stream base for white goods comes on stream on November 7 2020, which is the first home appliance live stream base of Chuzhou city. With a total investment of 2 million RMB, the 1000 m² base has raked in 35 million RMB since its trial live streams in May. The total sales ...

Whirlpool’s Aurora dishwasher factory comes on stream

Whirlpool’s Aurora dishwasher factory comes on stream in Hefei, Anhui province on November 18 2020. As a world-class “Industry 4.0” intelligent factory, it adopts intelligent industrial robots and equipment to give it an edge in warehousing and logistics. Amid the coronavirus, consumers’ demand ...

Haier rose in sales of Russian market

Haier Russia fulfilled 107% of its yearly sales goal as of September 2020, up by 26% year-on-year, according to statistics from Russia. Category wise, 70cm refrigerators from Haier accounted for 64.7% of the market, three-door refrigerators and French-door refrigerators more than 90%; washing...

Net profit of Midea for Q3 up by 32%

Midea achieved revenue of 216.76 billion RMB for the first three quarters of 2020 with a shrinkage of 1.9% year-on-year, and net profit attributable to owners of the parent company 22 billion RMB for the same period of time, up by 3.3% year-on-year, according to the company’s Q3 financial report...

Net revenue of JD.com up by 29.2% in Q3

For Q3 2020, JD.com posted net revenue of 174.2 billion RMB (about 25.7 billion USD), up by 29.2% year-on-year, which went beyond the expectation of the market. Net revenue from services it provided came to 22.8 billion RMB (around 3.4 billion USD), accounting for more than 13% of the whole revenue ...