A look at appliance brand Haier Group and how Chinese companies have come to dominate the industry.
Last week marked a major inflection point for two renowned household appliance brands. General Electric, once the world’s largest company by market size, announced it would split into three specialized businesses. Meanwhile in China, Zhang Ruimin announced he was stepping down from Haier Group, the electronics giant he founded.
Data: Haier Annual Reports
The two companies’ trajectories are not unrelated: GE sold its household appliances division to Haier in 2016, one of many busi
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