# White Goods
Latest news and articles about White Goods
Total: 2 articles found
Business
The Chilling Wind at Gree: Divestment and Decline for China’s Air-Con Queen
Gree Electric's largest shareholder, Zhuhai Mingjun, has sold a significant stake to repay debt, amid a backdrop of declining revenue and losing market share to rivals Midea and Haier. The company is attempting to stabilize its stock through massive buybacks and high dividends despite a challenging 10% drop in annual profits.
SoBiz2026年6月7日 03:08
#Gree Electric#Dong Mingzhu#Hillhouse Capital
Business
From Allies to Adversaries: The Patent War Reshaping China’s Smart Home Market
Midea has launched a patent infringement lawsuit against Xiaomi, signaling the final collapse of their decade-long alliance. This legal battle highlights the escalating competition in China’s saturated home appliance market as traditional giants use intellectual property to defend their dominance against tech disruptors.
SoBiz2026年4月11日 06:28
#Midea#Xiaomi#Patent Litigation