Strategic alliance between Midea and Servotronix
February, 9th 2017 - Midea Group Co., Ltd. (SZ:000333, “Midea”), a leading global supplier of consumer appliances, Heating, Ventilation, and Air-Conditioning (HVAC) systems, robotics and industrial automation systems announced today the establishment of a strategic partnership with Servotronix...
JD and Midea deepen cooperation
JD.com Inc, China's second-largest e-commerce player, signed a 20-billion-yuan ($2.9 billion) strategic cooperation agreement with Chinese home appliance maker Midea Group, a move aiming to promote the upgrading and transformation of the appliance industry. The two sides will deepen cooperation in...
Read More →China's Haier profit rises 12.8% in 2016
China's leading home appliance maker Haier announced Saturday that its profits in 2016 jumped 12.8 percent year-on-year to 20.3 billion yuan ($2.94 billion). Haier rang up global sales worth 201.6 billion yuan (about $29.2 billion) last year, with a year-on-year growth of 6.8 percent, said Zhou...
Read More →Smart vacuum market heats up
Fueled by the rising income and rapid development of the service robotics industry, a growing number of Chinese consumers are embracing household robots to improve their daily lives.On Nov 11, the annual Singles Day online shopping spree, Deebot S, the most popular robot vacuum model by Ecovacs,...
Haier, Hisense build U.S.-based facilities to stay close to market
By building facilities in the U.S. or Europe, some Chinese enterprises put markets and consumers as their priority, with cost coming second.” Song Zhanyou, secretary of president of Shandong Weida machinery, told the reporter of Securities Times. Shandong Weida has long been planning to build a U.S...
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