Consumer Discretionary Jul 07, 2020 06:10 PM (GMT+8) · EqualOcean
Chinese home appliance giant, Midea announced that the industrial robotic joint venture established with Yaskawa China five years ago is officially closed. Midea owns 49% shareholdings of the joint venture. Yaskawa disclosed that the end of cooperation results from the conflict interests caused by Midea's acquisition of one of the former's greatest competitor, KUKA, in 2017.
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