Searching for "Midea"
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Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
Shanghai-based e-commerce software and services provider ShopEx Network Technology recently secured RMB 700 mln in Series D funding led by Joy Capital. Read More
Chinese telecom equipment and terminal manufacturer Huawei Technologies and consumer appliances manufacturer Midea Group (000333.SZ) have signed a strategic cooperation framework, outlining a close partnership in the smart home industry. Read More
Suning Logistics, a service run by Chinese consumer electronics and home appliance retailer Suning (002024.SZ), has begun handling deliveries for Alibaba Group's (NYSE: BABA) online supermarket platform Tmall Supermarket. Read More
Chinese Internet and mobile services firm Tencent (0700.HK) yesterday unveiled the "WeChat Hardware Solutions" platform for its mobile messaging app WeChat, which will provide WeChat integration for smart hardware devices including air conditioners, routers, home appliances, televisions, toys, battery chargers, health products, and wearables. Read More
The China Securities Regulatory Commission (CSRC) has approved Beijing-based Android device maker Xiaomi's plan to acquire 55 mln shares in consumer appliances and air conditioning systems manufacturer Midea Group (000333.SZ) for no more than RMB 1.27 bln. Read More
Alibaba Group's (NYSE: BABA) B2C e-commerce site Tmall announced today a promotion coinciding with China's November 11 "Singles Day" e-commerce holiday. Read More
Chinese e-commerce conglomerate Alibaba Group and Chinese home appliance maker Midea have signed a partnership agreement through which the two sides will jointly construct an internet-of-things (IOT) open platform based on Alibaba's AliCloud cloud service, allowing users to communicate with and remotely control their home appliances. Read More
China's Ministry of Industry and Information Technology (MIIT) announced today that it was still considering whether or not it would extend subsidies for rural appliance sales when they expire in January 2013. Read More
According to new figures from China's Ministry of Commerce, nationwide sales volume under the government-backed rural appliance sales program fell 5.7% YoY to 30.11 mln appliances for the five-month period from January to May 2012, resulting in revenues of RMB 79.88 bln, down 4.4% YoY. Read More