Roomba maker iRobot bought by Chinese supplier after filing for bankruptcy

China has reported its first annual investment decline in 30 years, with economic data for November indicating deepening domestic issues. Retail sales have grown at their slowest pace in three years, and investment has sharply slowed, reflecting increased caution among consumers and businesses. This downturn comes despite a record trade surplus of $1.08 trillion, highlighting a significant gap between exports and imports.

iRobot, the maker of Roomba vacuums, has filed for bankruptcy, with its restructuring plan transferring control to its largest creditor, a Chinese supplier. Founded in 1990 by three researchers from M.I.T., iRobot gained prominence with the introduction of its vacuum in 2002.

iRobot, the maker of Roomba vacuums, has filed for bankruptcy, transferring control to its largest creditor, a Chinese supplier, while assuring customers that service and app functionality will remain intact during the restructuring process.

iRobot, the manufacturer of Roomba vacuums, has declared bankruptcy, transferring control to its largest creditor, a Chinese supplier. The company assures customers that its customer service and app functionality will remain operational during the restructuring process.