Samsung Electronics stops selling TVs and home appliances in China

11 articles · Updated · The Wall Street Journal · May 7

The move affects televisions, washing machines and refrigerators, while production at its Suzhou appliance factory continues and smartphone and chip sales in China remain unchanged.
Samsung said fierce local competition and a fast-changing market drove the decision after its TV and home-appliance division posted a 200 billion won operating loss last year.
Its China market share had fallen to 3.62% in offline TV sales and below 0.5% in refrigerators and washing machines, as domestic brands held dominant positions.

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