Hisense offers best bid for Slovenia's Gorenje
Chinese home appliances maker Hisense Electric Co Ltd has won the bidding process for Slovenian appliances producer Gorenje, which said it received three binding offers by interested strategic partners from Asia on May 10th, 2018.
China’s Home Appliance Giant Qingdao Haier Posts First Revenue From Intelligent Business
China’s home appliance maker Qingdao Haier Co., posted substantial revenues in its ecologically intelligent business for the first time, the company’s first quarterly report showed.
Foxconn interconnect technology and Belkin International announce transaction to create global consumer electronics leader
Foxconn Interconnect Technology Limited (FIT) (HKG: 6088), a subsidiary of Hon Hai Precision Industry Co., Ltd., and Belkin International, Inc. (Belkin®, Linksys®, Wemo®, Phyn® brands) jointly announced on March 26 the signing of a definitive agreement under which FIT agreed to acquire Belkin...
Panel Makers Panic as LCD Prices Sink to Record Lows
TV panel makers that were still in full swing from the end of last year to the start of this year are now facing severe challenges. The price of their products has plunged or closed to the historical lowest point of the last wave of price decline in 2016. Prices are set to keep dropping in June to...
Read More →Haier to invest 5 billion yuan in Wuxi IoT base
Haier Group, China's consumer electronics and home appliances giant, signed an agreement to build its internet of things (IoT) base in Wuxi National Hi-tech district on May 10 in the presence of Lou Qinjian, Party secretary of Jiangsu province.
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