Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Credit: Social Technologies/Wikimedia Commons 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 businesses the American conglomerate has spun off. That acquisition helped Haier consolidate its position at the top of North America’s appliances market. For 12 consecutive years, Haier has ranked as the world’s largest appliances brand by retail sales value, according to Euromonitor International. These days, when you buy a fridge, an AC unit or a washing machine, it’s more likely the seller will be Chinese than American. This week, The Wire looks at Haier Group, following its rise, and hSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.