Konka buys assets of refrigerator-maker Frestec
Chinese home appliance and electronics maker Konka Group has bought three subsidiaries of financially troubled refrigerator maker Frestec. In June, court-appointed administrators ordered Frestec to sell assets to meet creditors’ demands after it went into financial difficulties. Konka Group made ...
Vatti bets big on France, becoming a dark horse of world cup marketing
On the morning of July 16th 2018, France brought home their second World Cup champion after defeating Croatia 4-2 in Moscow. On the same day, China-based kitchen appliance maker Vatti also became a name on everybody’s lips for its successful World Cup marketing...
Viomi rolls out a connected refrigerator to offer scenario-based experiences
Viomi, a company within Xiaomi’s MI ecosystem, rolls out its new blockbuster-21Face refrigerators designed for home wide interconnection. The member of MI family has been devoted to smart home solutions for scenarios from living room to kitchen, and equipment from lock to refrigerator in recent...
Joyoung buys into America-based vacuum maker SharkNinja
Chinese kitchen appliance maker Joyoung has bought into SharkNinja, an American vacuum manufacturer in a 12.49 million yuan (US$1.87 million) deal that will secure a controlling 51% stake, Yicai.com reported.
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...
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