Midea

New Business

China shift to higher-end exports boosts margins, mutual gains as US reliance dips: report

Flagship Chinese companies, spanning sectors from tech to retail, are increasingly shunning the United States and expanding in less-developed markets…

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New Business

Midea’s AC sales surge 35% in Europe amid heatwaves, offsetting slowdown in China

The blistering summer in Europe, which was marked by unbearable heatwaves, boosted air conditioner sales for Midea Group, as consumers…

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New Business

Roomba revolution: how China swallowed up the robot vacuum market

The robot vacuum cleaner used to be considered an American success story. It was developed by scientists at the Massachusetts…

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New Business

Europe’s scorching heatwave sets demand for Chinese air conditioners ablaze

From Paris to Athens, and Lisbon to Berlin, Europeans are enduring a prolonged and punishing summer heatwave amid global warming.…

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New Business

Cairo calling: why Chinese factories are moving to Egypt amid the trade war

Until recently, Jiahao’s guest house in a quiet corner of Cairo was a modest pit stop for Chinese tourists on…

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New Business

CATL set to price Hong Kong IPO at top end of range as retail investors pile in

Contemporary Amperex Technology (CATL) is expected to price its initial public offering (IPO) in Hong Kong at the top end…

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New Business

Chinese EV battery giant CATL launches Hong Kong IPO, seeking US$5.3 billion

The Shenzhen-listed company started taking investor orders for a base of 117.9 million shares at a maximum offer price of…

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New Business

Chinese firms set aside US$2.7 billion for stock buy-backs as Trump’s tariffs roil markets

China’s publicly listed companies have unveiled at least 20 billion yuan (US$2.73 billion) in buy-backs this week, as they set…

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New Business

Are China’s biggest firms turning the page on 996-style work culture?

Since late February, the employees of DJI – China’s premier drone maker – have conducted an unusual nightly ritual. At…

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New Business

Hong Kong’s IPO market to end 3-year slump amid China support, rising confidence

Initial public offerings (IPOs) in Hong Kong are bouncing back, shaking off a slow start to the year as more…

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