After a successful takeover bid, Hisense will own 95-percent of Gorenje
Based on the takeover bid for Gorenje shares, announced by the company Hisense Luxembourg Home Appliance Holding on May 29, 2018, and which lasted until and including June 26, 2018, Hisense will acquire further 62.46 percent of all issued Gorenje shares. Thus, as Hisense stated today, the takeover...
Read More →Foxconn acquires stake in Vizio TV brand
Foxconn Technology Group and one of its subsidiaries are acquiring a combined 7.24 percent stake in the California-based television brand Vizio for nearly $70 million, according to a report by Nikkei Asian Review.
Read More →Soccer fever set to kick off national boom in TV sales
China's television sales are expected to increase 10 to 20 percent during the 2018 FIFA World Cup period from June 14 to July 15, with large-screen and high-definition TVs favored by consumers, an industry insider said...
Whirlpool to Streamline China Operations by Axing Appliance Brands
Whirlpool Corp. plans to cut up to two of its four home appliance brands in China this year in order to capitalize on increased consumer spending nationwide and improve its market influence.
Haier Aims to Rinse Russian Market With New Washing Machine Plant
Haier Group has broken ground on a USD50 million production base in Tatarstan, Russia as part of the Chinese white goods maker’s efforts to gain a foothold in European and Central Asian markets.
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