When ever, Japan’s home appliances performed exceptionally well in the world, but with the collective exertion of domestic brands, as well as their own business miscalculations, they all accelerated the decline and made people sigh.
Just recently, China's largest TV maker Hisense (according to market share) announced that 95% of the shares of Toshiba Visual Solutions Corporation formally transferred Hisense, and the transaction will be completed by the end of February 18th.
It is reported that the acquisition amounted to 12.9 billion yen (approximately RMB 750 million). After the transfer is completed, Hisense Electric will enjoy a package of Toshiba TV products, brands, and operation services, and it will have 40 years of global coverage of Toshiba TV. Brand authorized.
As a 100-year Japanese company, Toshiba has been very unhappy with the recent days. Because they are too short of money, their cash cow NAND flash business is not enough to fill the shortage of money, so it is reasonable to sell it to the TV business.
What is embarrassing is that, in addition to Sony, Nikon, and Canon, in Japan's veteran electronics companies, the “Made in Japan†and “Japanese brand†appliance businesses of other companies are probably Chinese companies operating.
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