China’s leading white-goods companies are stepping up share buybacks as the home-appliance market faces slower growth.
Midea Group has been particularly active, with billions of yuan spent on share repurchases. The company plans to cancel the repurchased shares, which will reduce the total number of shares in circulation.
Tag Archives: Haier
Chinese Appliance Giants Turn Up the Heat on European Brands in Australia
Chinese appliance manufacturers are rapidly reshaping the Australian market — and the ripple effects are being felt across Europe and beyond. Brands including Haier, Midea, Hisense and TCL are accelerating their expansion, applying intense pressure on long‑established European names such as Bosch, Smeg, Siemens, Gaggenau, Neff, Electrolux and Miele.
Continue readingHaier Unveils 5‑Minute Defrost Drawer in New 1m Multi‑Door Flagship
Haier has introduced one of the most eye‑catching refrigeration upgrades of the year: a rapid‑defrost drawer capable of thawing food in around five minutes, debuting in its premium 1‑metre‑wide multi‑door refrigerator now launching in China.
Continue readingElba Restructures to Boost Global Growth and Brand Focus
Elba has introduced a new organisational structure to strengthen its international commercial presence and sharpen its brand identity. CEO Gabriele Garella says the integrated Business Unit will speed up decision‑making and better leverage internal expertise.
Haier Expands Its MarketFootprint in Brazil’s White-Goods
Haier Smart Home is strengthening its position in Brazil through new partnerships with major retailers Magalu and Mercado Livre, combining physical stores with powerful e-commerce reach.
Continue readingHaier Egypt Ramps Up Expansion as Local Content Drive Intensifies
Haier is accelerating its Egypt manufacturing push, with the Ministry of Industry urging the brand to deepen localisation across its fast‑growing 10th of Ramadan complex.
Continue readingChinese AC Brands Capture 41% of European Market
Haier to showcase AI-powered home at IFA 2026
Haier is set to put artificial intelligence at the centre of its IFA 2026 presence, as the appliance giant presents its vision of a more connected and intelligent home.
Continue readingThe White Goods Giants Face a Tough 2026: Why Midea Is Holding Up Best
The first-half results from China’s leading home appliance manufacturers reveal an industry facing significant pressure.
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