Hisense phone targets e-book lovers
Chinese home appliance manufacturer Hisense Group launched its first dual-screen smartphone A2, aimed at young consumers and e-book enthusiasts. The smartphone has a 5.5-inch AMOLED display on the front and a 5.2-inch Kindle-like electronic paper display on the back, on which users can read and...
Home appliance makers' profits up 20.4% last year
Domestic home appliance manufacturers reported a 20.4 percent increase in 2016 profits, Beijing Business Today reported citing data from the National Bureau of Statistics. Last year, China's home appliance makers' core business revenue totaled 1.46 trillion yuan ($212.37 billion), up 3.8 percent...
LG Electronics posts double-digit growth in 2016 profit despite smartphone loss
LG Electronics, South Korean tech behemoth, posted a double-digit growth in its 2016 profit despite a massive loss in smartphone business that was offset by strong revenue in consumer electronics and TVs. Operating profit was 1.34 trillion won (1.15 billion U.S. dollars) in 2016, up 12.2 percent...
Read More →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...
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