China's Midea completes takeover bid for German robot maker
Chinese home appliance maker Midea Group announced Friday (Dec 30) it has secured approval for its bid to take over German robotics firm Kuka and will complete the deal in early January.A statement from Midea, best known for washing machines and air conditioners, said the bid will promote the robot ...
Read More →TCL Corp took global strategy to heart early
Business model was 'just a concept' in the beginning, but financial crisis showed necessity of taking operations overseas. While many companies think about going global only when they are strong domestically, Chinese electronics giant TCL Corp has cultivated its international DNA since it was very...
Read More →Fotile Kitchenware cooks North America expansion plan
Ningbo Fotile Kitchenware Co Ltd, which makes high-end appliances and integrated kitchens, will accelerate its expansion into North America next year, having tasted success in Asia. "We are going to target the Chinese-American families as our initial forays have yielded success," said Mao Zhongqun, ...
Suning and Gome both saw a surge of more than 200% in online sales on Double 11 shopping day
Chinese leading appliance retailers Suning and Gome saw a surge of more than 210% year-on-year in online orders and more than 268% year-on-year in online gross merchandise volume (GMV) respectively, for the day Nov 11 2016 alone. Nov 11, also known as Double 11, has become one of China's biggest...
Read More →UNDP and Haier work for healthy water
The United Nations Development Program (UNDP) and China's largest home appliancesupplier, Haier Group, announced on Tuesday that they will work together to offer qualitydrinking water in China's rural areas.
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