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Chinese Company Midea Makes $5 Billion Offer for German Robotics Firm Kuka

May 19, 2016 11:30 AM EDT

China's leading home appliance manufacturing company Midea has disclosed its bid for German robot-making firm Kuka. The Chinese company has offered a proposal of $130 per share for a controlling stake in the robotics company. The bid values the German company at more than $5 billion.

Tech companies Riot Games, Intel, and Haier, recently announced that the Blade Box, a gaming console based on the Tencent TGP Box.

Intel, Riot Games, Haier Collaborate to Create new Gaming Console

Phenny Lynn Palec |

May 17, 2016 05:23 AM EDT

Following rumors that upgraded versions of the PlayStation 4 and Xbox One are in the making, a new gaming console is throwing its hat into the ring. Tech companies Riot Games, Intel, and Haier, have unveiled that the Blade Box, a gaming console based on the Tencent TGP Box.

China-made gadgets are stealing the Mobile World Congress 2016 show in Barcelona, Spain

#MWC16: 7 China-Made Gadgets Launched in Barcelona

Charissa Echavez |

Feb 25, 2016 12:25 PM EST

Just after the Consumer Electronics Show last month, Chinese tech firms once again caught the attention of many spectators during the Mobile World Congress (WMC)in Barcelona, Spain. According to experts, an increasing number of tech companies from China are showcasing cutting-edge products and are more confident to launch in international markets.

Haier is all set to acquire GE's appliance unit for $5.4 billion. The deal will help Haier to increase its market share in US and other important global markets.

Chinese Manufacturer Haier to Acquire GE Appliance Business for $5.4 Billion

Girish Shetti |

Jan 15, 2016 05:29 PM EST

Chinese electronic manufacturer Haier Group is set to acquire General Electronic's Appliance Business for $5.4 Billion. Both companies on Friday released an official statement to announce the acquisition.

Baofeng Ventures To Create New Smart TV Brand; Alpha Animation and Culture, 3nod, Ririshun, Haier Confirmed Collaboration!

Adrian Darylle Torralba |

Jul 13, 2015 05:19 AM EDT

Baofeng, China's online video service, has recently collaborated with Alpha Animation and Culture as well as 3Nod and Ririshun, a consumer electronics manufacturer in their quest to create a new smart TV that will be branded as Baofeng TV.

Chinese Firm To Test 3D Printed Artificial Bone Implant In Humans

Sami Ghanmi |

May 05, 2015 07:14 AM EDT

A Chinese firm is taking advantage of a printing process called Filament Free Printing (FFP) to enable 3D printing of complex and artificial bone structures.

Alibaba, Haier Partner to Create Internet TVs in China

Sami Ghanmi |

Nov 30, 2014 06:15 AM EST

The new internet TVs offer users access to Alibaba's Taobao website and Tmall marketplaces.

Haier To Lay Off 10,000 Workers This Year

Marcel Woo |

Jun 17, 2014 11:42 AM EDT

Chinese home electronics and appliances manufacturer Haier Group announced that it will lay off around 10,000 workers this year, after cutting 16,000 jobs last year, as part of its adjustment in relation to the changing market in China.