Samsung Electronics to withdraw home appliances, TV sales from China this year: Report

SEOUL: South Korea’s Samsung Electronics will withdraw the sale of its home appliances and TV sales business from China within this year, the Nikkei newspaper reported on Monday.

The company aims ‌to ⁠make ⁠a final decision on discontinuing sales of home appliances and televisions in China as early as the end of April, Nikkei said, citing unnamed sources.

Samsung Electronics will retain its local production in China for ⁠home appliances ‌such as refrigerators, washing machines and air conditioners, using the facilities ⁠as supply hubs for overseas markets, the report said.