Haier was founded as Qingdao Refrigerator Co in 1984, although the company’s roots date back to the 1920s. It is the dominant whiteware manufacturer in China and has been expanding offshore. In 2005, Haier made a US$1.28 billion, or US$16 per share, bid for Maytag, which was ultimately bought by Whirlpool Corp for US$1.7 billion. In 2009, it bought 20 per cent of New Zealand whiteware firm Fisher & Paykel (F&P) at the height of the global financial crisis, and won control of F&P in October 2012.
Haier Electronics plans new acquisitions to bolster its fast-growing logistics service business, after the company posted a 19 per cent year-on-year increase in first-half net profit.Thursday, 28 August, 2014, 4:27am
Shares in Haier Electronics rose as much as 15 per cent yesterday after its Goodaymart logistics arm agreed to sell a strategic 10 per cent stake to mainland e-commerce giant Alibaba for HK$1.86 billion, in yet another example of mainland appliance manufacturers and e-commerce operators reshaping the competitive landscape before an expected boom in online shopping.10 Dec 2013 - 2:56am
Chinese high-tech companies have showcased some of the most eye-popping gear at the Consumer Electronics Show in Las Vegas last week, bidding to reverse their lack of global brand recognition.29 Aug 2013 - 4:13am
Chinese appliance giant Haier said Wednesday that New Zealand’s Overseas Investment Office had approved its takeover bid for whitegoods manufacturer Fisher & Paykel Appliances (FPA).
Haier said it was the final regulatory approval needed for the NZ$927 million ($762 million) takeover to proceed and FPA shareholders had until November 6 to accept the offer.31 Oct 2012 - 11:29am
The brief but colorful tale of one of China's better-executed overseas M&A deals appears to be nearing a happy ending, with word that home appliance giant Haier's (19 Oct 2012 - 11:11am
Steel output, refinery throughput increase19 Oct 2012 - 3:33am
In what looks suspiciously like a game of "good cop, bad cop", independent directors of New Zealand home appliance maker Fisher & Paykel (NZ: FPA) have just recommended that the company's shareholders reject a takeover offer from Chinese home appliance giant Haier (5 Oct 2012 - 9:03am 1 comment
Over the coming decade, the world's business landscape will be changed radically by massive outward flows of Chinese capital.
According to a report published in May by the Asia Society, China is likely to make more than US$1 trillion in foreign direct investments between now and 2020.7 Jul 2011 - 12:00am
If you ask for a bottle of beer in a restaurant on the mainland, chances are that you'll get a Tsingtao. The beer has been a highlight during the past century for the former German colonial town of Tsingtao, or Qingdao as it is known today.6 May 2011 - 12:00am
Asia's high growth, and Hong Kong's strategic position within the region, make the city the ideal Asian hub for regional and international private equity (PE) activities.30 Apr 2011 - 12:00am
Whirlpool Corp, a United States home-appliance maker, has agreed to form a 900 million yuan (HK$1 billion) venture with mainland firm Hisense-Kelon Electrical Holdings in Qingdao, making a foray into the home turf of their larger domestic rival Haier Group.30 Apr 2008 - 12:00am
Cup Data chooses anti-fraud system from Retail Decisions25 Sep 2007 - 12:00am
Today Interim: China Best Group Holding, China Force Oil & Grains Industrial Holdings, China Mining Resources Group, China Oil And Gas Group, China Seven Star Shopping, China Star Entertainment, China Water Industry Group, Ching Hing (Holdings), Coslight Technology Int'l Group, Cosmos Machinery Enterprises, Dragon Hill Holdings, FinTronics Holdings, Fong's Industries, Franshion Properties (24 Sep 2007 - 12:00am
Today Interim: Sino-Tech International Holdings, Tianneng Power International22 Sep 2007 - 12:00am
Haier Group, the mainland's largest home-appliance maker, is seeking to spin off its computer division as early as 2009 and will probably choose a listing in Shanghai rather than Hong Kong, according to a report.
The Qingdao-based company yesterday declined to comment.4 Jul 2007 - 12:00am