On Monday, Chinese appliance manufacturer Gree officially announced that it would cancel the "big and small week" overtime working schedule and implement a "double break" policy, which would be enforced from that day.
Chinese appliance manufacturer Gree replied on Sunday to recent reports of being handed an administrative fine of $91.2 million by U.S. authorities for selling defective dehumidifiers in the country.
China’s Electric Appliance Giant Gree announced its results in the first three quarters of 2021 on Tuesday. The report shows that the company achieved operating income of $7.4 billion in the third quarter, down 16.5% year-on-year.
China's electric appliance giant Gree is planning to cancel the company's employee stock ownership plan, leading its total equity to shrink from 6.016 billion units to 5.914 billion units.
Compared to the grand scale of the Double 11 shopping festival, Double 12, which took place on Dec. 12, appeared to be more low-key without ubiquitous campaigns and great discounts.