Chinese home appliances group Midea has signed a memorandum of understanding with Toshiba to acquire the white goods business of the Japanese company.
Chinese home appliances and electronics retailer Gome announced that the company's first owned store will be launched in Mong Kok, Hong Kong in mid-October 2014.
Chinese electronics and home appliances retailer Gome announced that in response to the Chinese government's energy-saving appliances subsidy policy, the company will launch a CNY1 billion special fund to support the implementation of this policy.
Electronics and home appliances retailer Suning and the home appliances maker Midea have reportedly signed a three-year strategic cooperating agreement, and the two parties will implement binding development over the next three years.
Chinese electronics and home appliances maker Midea has announced that it plans to invest CNY392 million to acquire a 32.5% stake in Egypt's Misr Air Conditioning Manufacturing Company (Miraco) from United Technologies Corporation.
According to general manager for Midea's sales company in Beijing Zhang Wenfeng, the Chinese home appliances maker plans to increase the number of its specialty stores in Beijing to over 100 by the end of…