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Highlights this week:
Osram was under the media lime light this week following Chinese manufacturer MLS announcement of its intention to take part in bidding for its luminaire business. Chinese financial institutes estimate the business will sell for around EUR 720 million. The company also rocked the industry’s boat by announcing it is scaling up its R&D investments.
China’s Cyber Monday, known as Singles Day to locals sets new historic online sales for retailers. Opple Lighting’s sales on the online shopping spree day set new records and reached about RMB 121.8 million alone.
Market trends observed by LEDinside this week include slightly rebounding LED bulb prices in October, and explosive growth in professional lighting. Another interesting application this week is biohackers testing LED devices implanted under their skin…
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