Haier Steps Up to Beat European Heatwave: France, Spain Place Emergency Orders for 100,000+ Air Conditioners

July 7, 2026 –A brutal heatwave has blanketed wide swathes of Europe in recent days, triggering deadly heat-related incidents across the continent. Official local reports confirm that France alone has recorded a minimum of 40 fatalities linked to extreme heat since last weekend. As residents scramble for effective cooling solutions amid record-high temperatures, air conditioners…

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Gree’s Dong Mingzhu Visits Geely, Two Industry Leaders Sign Strategic Cooperation Framework Agreement

July 6, 2026 – Geely Holding Group has officially sealed a strategic partnership framework agreement with Zhuhai Gree Electric Appliances, marking a major cross-industry collaboration between China’s leading automotive and home appliance manufacturing giants. The landmark signing took place on July 3, following an official visit by Gree’s chairperson Dong Mingzhu and her senior management…

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South Korea Rolls Out Massive Plans for New Semiconductor Hubs, Samsung and SK Hynix Pour Trillions Into Memory Chips

June 30, 2026 – South Korean President Lee Jae-myung has unveiled a sweeping 800 trillion won (roughly $517.9 billion) national initiative designed to catapult the country’s semiconductor sector to new heights while bridging regional economic imbalances nationwide. Lee hosted a nationwide live-broadcast investment forum at the Blue House Guest House this Monday, with top executives…

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Baidu’s AI Chip Division Kunlunxin Pushes Ahead with Main Board IPO in Hong Kong

June 30, 2026 – Kunlunxin Technology, Baidu’s dedicated subsidiary focused on self-developed artificial intelligence silicon chips, is pressing forward with its initial public offering on Hong Kong Stock Exchange’s Main Board, eyeing a headline valuation of roughly USD 50 billion as market watchers track the landmark domestic semiconductor listing. The chip firm took a critical…

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Despite Widespread Criticism of Its Ugly Look and High Price, GREE’s Rose AC Tops 50,000 Sales

June 30, 2026 – GREE Electric Appliances has addressed lingering public debates over its iconic yet polarizing rose-themed air conditioner, with the brand’s Chief Marketing Officer Zhu Lei offering new insights into the product’s market performance and design controversies in a June 29 interview featured on the program Behind the Products. First launched to massive…

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