Midea and KUKA Announce Roadmap for Robotics and Automation in China
Midea, together with KUKA, made a groundbreaking announcement on March 21st that, with the former’s investment in the latter’s business activities in China, both parties have decided to set up three joint ventures with the vision to ultimately boost a fast and comprehensive growth in the...
Haier, Baidu Partner Up to Popularize Smart Home Appliances
Chinese home appliance maker Haier Group Corp. has teamed up with internet and artificial intelligence leviathan Baidu Inc. as it looks to drive smart home products into everyday life. Haier’s smart home unit will look to provide solutions in seven areas (air, water, cleaning, security,...
China’s Hisense Overtook Sony, Samsung in Average TV Set Size Shipped Last Year
China's Hisense Co., a state-owned electric appliance manufacturer, reached an average shipped product size of 47.3 inches last year, surpassing Japan's Sony Corporation and gapping away from South Korea's Samsung Electronics Co. and LG Electronics Inc...
Baidu expands in smart hardware with investment in Coocaa
Baidu said it will invest 1.01 billion yuan (US$159.6 million) in Coocaa, the smart TV unit owned by consumer electronics producer Hong Kong Skyworth Digital Holdings, according to a stock exchange filing today. A total of 13.43 million yuan will be contributed toward the registered capital of...
JD.Com to Almost Double Home Appliance Stores Across China This Year
China’s second-largest e-retailer JD.Com Inc. aims to penetrate the offline market further this year by nearly doubling the number of its home appliance stores to 15,000 this year, thereby covering the whole country...
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