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China's Hisense may bid $1bn for Siemens intelligent traffic unit

Potential purchase is in line with company's interest in smart transport

Qingdao-based Hisense is a leading home appliance maker in China specializing in TVs, air conditioners and refrigerators. (Photo by Kaisuke Ohta) 

Chinese home appliance maker Hisense Group is considering buying the intelligent traffic business of German giant Siemens for about $1 billion, people familiar with the matter told Caixin.

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