An historic heat wave has driven unprecedented demand for Chinese-made air conditioners in Europe, underscoring the tough task Brussels faces in rebalancing trade with Beijing.

Alibaba notes surge in retail and business-to-business orders, Midea reports sharp revenue rise, and Gree sales get bump in major European markets.

Alibaba notes surge in retail and business-to-business orders, Midea reports sharp revenue rise, and Gree sales get bump in major European markets.