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.
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.
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