Midea deals to push it up the value chain
The acquisition of a number of international intelligent automation solution makers will help develop new business growth for Midea Group, a traditional home appliance maker based in Guangdong province, according to a senior company executive. Gu Yanmin, vice-president of Midea, said the overseas...
Growing electronics segment eyes high-end products
Total output by China's electronic information sector－producing products ranging from smartphones, laptops to routers and LCD panels－increased by 10 percent year-on-year in 2016. That was about 4 percentage points higher than the rate of overall industrial output, the China Information Technology ...
Samsung steps up moves into the home
Samsung Electronics Co Ltd is speeding up its layout into the home appliances sector in China－ranging from televisions, refrigerators, washing machines, air purifiers and robot vacuum cleaners－as it continues its efforts to put behind it the global recall of its flagship Galaxy Note 7 smartphone...
Read More →JD.com to Expand Offline Presence in Rural Appliance Market
(Beijing) – JD.com, which accounts for 62% of China’s online home appliance sales, plans to expand its offline presence by opening 10,000 brick-and-mortar stores this year, according to Vice President Yan Xiaobing. JD.com, China's second-largest e-commerce platform after Alibaba Group, is counting...
Read More →Alibaba buys 25 percent stake in Haier multimedia company
Qingdao Haier Co Ltd - the listed arm of Haier Group, China's biggest home appliance supplier - said it will join hands with e-commerce giant Alibaba Group Holdings Ltd to own stakes in Haier's multimedia company. Haier said its multimedia company, which is positioned as an operating platform of...
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