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29.07.26 - 15:30
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′Explosive demand′ for cooling continues as Europe swelters, China′s Midea says (SCMP)
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Chinese home appliance maker Midea reported that European demand for its air conditioners continues to soar amid recurrent heatwaves, with two of its factories receiving hundreds of thousands of new orders in a month.
The factories, in the eastern city of Wuhu and the southern port city Guangzhou, received new European orders for 200,000 units within a month amid “explosive demand”, the company said in a statement on Wednesday on the Shenzhen Stock Exchange's investor Q&A platform.
The company......
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29.07.26 - 10:30
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Full-day Takeaway: HSI Up 497 pts; HSTI Up 134 pts; XIAOMI Up over 8%; TENCENT Up over 4%; CCB, MENGNIU DAIRY, MIDEA GROUP, HSBC HOLDINGS, ICBC Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 497 pts or 2.0% to 25,807. HSTI rose 134 pts or 2.8% to 4,864. HSCEI gained 187 pts or 2.2% to 8,623. Market turnover reached $312.23 billion.Active Heavyweights:XIAOMI (01810.HK) closed at $31.88, up 9%TENCENT (00700.HK) closed at $466.4, up 4.3%MEITUAN (03690.HK) closed at $92.3, up 2.2%BABA (09988.HK) close......
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29.07.26 - 06:30
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Midday Takeaway: HSI Up 346 pts; HSTI Up 104 pts; XIAOMI Up over 9%; TENCENT Up over 4%; MENGNIU DAIRY, MIDEA GROUP, ICBC Hit New Highs (AAStocks)
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At midday close, HSI rose 346 pts or 1.4% to 25,657. HSTI rose 104 pts or 2.2% to 4,834. HSCEI gained 150 pts or 1.8% to 8,587.Active Heavyweights:XIAOMI (01810.HK) closed at $31.94, up 9.2%TENCENT (00700.HK) closed at $465.2, up 4%MEITUAN (03690.HK) closed at $92.55, up 2.5%BABA (09988.HK) closed at $113.9, up 1.7%CCB (00939.HK......
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28.07.26 - 10:30
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Full-day Takeaway: HSI Closes at 25,310, Up 103 pts; HSTI Closes at 4,730, Up 28 pts; LAOPU GOLD Down over 23%; CCB, MIDEA GROUP, ICBC, BOC HONG KONG, DAHSING BANKING Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 103 pts or 0.4% to 25,310. HSTI rose 28 pts or 0.6% to 4,730. HSCEI gained 70 pts or 0.8% to 8,436. Market turnover reached $250.63 billion.Active Heavyweights:XIAOMI (01810.HK) closed at $29.26, up 2%CCB (00939.HK) closed at $9.13, up 1.6%, hitting new highMEITUAN (03690.HK) closed at $90.3, up 1.1%TENCENT (0......
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21.07.26 - 10:30
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Full-day Takeaway: HSI Closes at 25,132, Down 10 pts; HSTI Closes at 4,814, Up 62 pts; LENOVO GROUP Up over 8%; MIDEA GROUP Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI dropped 10 pts or 0.0% to 25,132. HSTI rose 62 pts or 1.3% to 4,814. HSCEI fell 21 pts or 0.3% to 8,360. Market turnover reached $289.94 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $85.2, down 1.3%CCB (00939.HK) closed at $8.54, down 1.3%XIAOMI (01810.HK) closed at $27.42, down 1.2%TENCENT (00700.HK) c......
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21.07.26 - 06:30
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Midday Takeaway: HSI Closes Midday at 25,150, Up 7 pts; HSTI Closes Midday at 4,838, Up 86 pts; SMIC Up over 8%; MIDEA GROUP Hit New Highs (AAStocks)
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At midday close, HSI rose 7 pts or 0.0% to 25,150. HSTI rose 86 pts or 1.8% to 4,838. HSCEI fell 14 pts or 0.2% to 8,367.Active Heavyweights:BABA (09988.HK) closed at $118.9, up 1.8%CCB (00939.HK) closed at $8.55, down 1.2%PING AN (02318.HK) closed at $56.2, up 0.9%MEITUAN (03690.HK) closed at $85.85, down 0.5%XIAOMI (01810.HK) ......
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13.07.26 - 12:30
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China′s Midea dispatches 20,000 air conditioners in race to cool heat-stricken France (SCMP)
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Chinese home appliance giant Midea says it has rushed production and shipment of 20,000 air conditioners to France in just seven days to meet soaring demand fuelled by the intense heatwave across Europe.
To speed up output, Midea doubled capacity to 6,000 portable air conditioners per day by opening a new production line on July 7, completing manufacturing of all 20,000 units in just three and a half days, the Foshan, Guangdong-based firm said in a statement on Monday.
The company added it......
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08.07.26 - 10:36
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Are the US′ AI models better than China′s? That may be beside the point (SCMP)
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As another heatwave rolled across Europe, the warehouses emptied before the politics could catch up. Air conditioners and fans sold out across Spain, Italy and Germany, most of them Chinese. Fan sales in Spain alone on the retail platform of Alibaba Group Holding (which owns the South China Morning Post) nearly doubled last month while Midea Group's air-conditioner sales in western Europe surged by over 70 per cent in the first six months of the year.
A decade from now, such heatwaves may become......
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30.06.26 - 05:15
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Research: Citi: Europe AC Penetration Entering Upcycle; Top Pick MIDEA GROUP (AAStocks)
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The rising frequency of extreme heat in Europe has become a structural driver for local air conditioner (AC) penetration to enter a multi-year upcycle, Citi published a research report stating. Currently, household AC penetration in Europe is only about 20%, way below the roughly 90% level in the US and Japan. Among China's ......
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29.06.26 - 15:42
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China′s cooling, e-commerce giants reap windfall as a scorched Europe scrambles for relief (SCMP)
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A heatwave sweeping across Europe has triggered a massive surge in sales for Chinese home appliances, with e-commerce giant Alibaba recording triple-digit growth for air conditioners and fans on its overseas platforms.
On AliExpress, Alibaba's international retail site, the June debut of air conditioners in Germany saw warehouse inventory for a 2.35-kilowatt Midea model completely wiped out by Thursday, according to data from Alibaba.
The trend was also stark in southern Europe. Fan sales in......
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