https://www.scmp.com/rss/168095/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cao Li Cao Li Hong Kong stocks fell slightly on Thursday after rising earlier in the day, as investors took profits from a tech-led rally on Wednesday. The Hang Seng Index fell 0.1 per cent to 26,484.68 at the close. The Hang Seng Tech Index gained 0.9 per cent. On the mainland, the CSI 300 Index rose 0.6 per cent and the Shanghai Composite Index was little changed. Chinese tech giant Alibaba Group Holding fell 1.2 per cent to HK$172 after reaching its highest in over four years during the morning. Chinese... https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed https://www.scmp.com/business/markets/article/3326754/hong-kong-stocks-waver-amid-profit-taking-after-tech-led-rally-day-earlier?utm_source=rss_feed Thu, 25 Sep 2025 02:19:27 +0000 Mandy Zuo Mandy Zuo This year marks half a century of formal diplomatic relations between China and the European Union, as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. The fourth story in our series examining ties between the two powers focuses on China’s efforts to influence the bodies that set global manufacturing standards, an arena where Europe plays a leading role. The 19th-century German industrialist Werner von Siemens once famously remarked that “he who... https://www.scmp.com/economy/china-economy/article/3325816/hidden-standards-battle-inside-chinas-push-rewire-global-manufacturing?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3325816/hidden-standards-battle-inside-chinas-push-rewire-global-manufacturing?utm_source=rss_feed Wed, 17 Sep 2025 15:00:13 +0000 Mark Greeven Mark Greeven When policymakers start using internet slang to describe the economy, it is a sign something is not right. The word neijuan was once used by Chinese students to depict burnout from seemingly pointless competition. Now it is showing up in policy language, to explain the growing economic strain caused by China’s price war. Too much supply and weak demand are pushing prices down. The deflationary pressure is building not just on company profits, but on the growth model that China has relied on for... https://www.scmp.com/opinion/china-opinion/article/3321819/china-needs-show-it-can-compete-more-price?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3321819/china-needs-show-it-can-compete-more-price?utm_source=rss_feed Fri, 15 Aug 2025 01:30:09 +0000 Ben Jiang,Coco Feng,Wency Chen Ben Jiang,Coco Feng,Wency Chen July 9, 2024, may be remembered as a day of humiliation for China’s artificial intelligence community. On that day, US start-up OpenAI, the global leader in AI model development, blocked developers in China – including Hong Kong and Macau – from using its GPT models. In contrast, developers from countries ranging from Afghanistan to Zimbabwe were given access, reflecting OpenAI’s unspoken belief that its valuable models must be safeguarded against misuse by China, along with Iran, Russia and... https://www.scmp.com/tech/big-tech/article/3318747/how-chinas-open-source-ai-helping-deepseek-alibaba-take-silicon-valley?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318747/how-chinas-open-source-ai-helping-deepseek-alibaba-take-silicon-valley?utm_source=rss_feed Sat, 19 Jul 2025 02:00:14 +0000 Yuke Xie Yuke Xie When Chinese smartphone maker Xiaomi launched its first electric vehicle (EV) in March 2024, few believed it could rival industry leaders like Tesla, BYD, Xpeng and Li Auto. After a surprisingly strong debut and with the company’s EV segment poised to break even this year, however, the Beijing-based firm is now embarking on an ambitious push into another sector to challenge established competitors: the home appliances market. Partly fuelled by Beijing’s aggressive subsidies to boost consumption,... https://www.scmp.com/business/companies/article/3317178/xiaomi-guns-home-appliances-after-disrupting-smartphones-and-evs-will-it-succeed?utm_source=rss_feed https://www.scmp.com/business/companies/article/3317178/xiaomi-guns-home-appliances-after-disrupting-smartphones-and-evs-will-it-succeed?utm_source=rss_feed Tue, 08 Jul 2025 00:30:08 +0000 Alice Li Alice Li In 2007, a Chinese PhD student at the University of Cambridge launched a start-up with a former classmate focused on using speech recognition technology to help foreigners learn Chinese. A year later, Yu Kai and his team returned to China, aiming to draw on the country’s vast market and deep talent pool to propel their nascent company’s development. Swapping Cambridge for Suzhou – a city in eastern China then more famous for its picturesque gardens and canals than its tech sector – may have... https://www.scmp.com/economy/china-economy/article/3316083/cambridge-suzhou-chinese-ai-start-ups-journey-unicorn-status?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3316083/cambridge-suzhou-chinese-ai-start-ups-journey-unicorn-status?utm_source=rss_feed Sat, 28 Jun 2025 09:00:09 +0000 Alice Li Alice Li As the head of China's humanoid robotics start-up Unitree disclosed its annual revenue has passed one billion yuan (US$139.4 million), entrepreneurs and scholars said the country's strong data infrastructure, mature supply chain and vast market position it as a potential leader in the next wave of development for artificial intelligence (AI). “The rising attention on our industry, along with increasing demand and support, has created the essential conditions for leading companies to grow... https://www.scmp.com/economy/china-economy/article/3315892/china-building-strong-foundation-next-wave-ai-robotics-unitree-ceo?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315892/china-building-strong-foundation-next-wave-ai-robotics-unitree-ceo?utm_source=rss_feed Thu, 26 Jun 2025 06:00:16 +0000 Xiaofei Xu Xiaofei Xu Parisian Alexandre Martins still remembers Chinese electronics brand Xiaomi’s old stores in the French capital, where his parents and sister used to shop. “They were at good locations, like Chatelet [a commercial area in central Paris] … I used to go scout for stuff and then buy them online,” Martins said. The Chinese tech brand opened its first boutique in France in 2018, but had shut all of its stores in the country by 2022, opting instead to maintain a presence online and with partnered... https://www.scmp.com/economy/china-economy/article/3315210/slick-advertising-sports-sponsorships-help-boost-chinese-brands-fortunes-europe?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315210/slick-advertising-sports-sponsorships-help-boost-chinese-brands-fortunes-europe?utm_source=rss_feed Sat, 21 Jun 2025 07:05:07 +0000 Ben Jiang Ben Jiang Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity. More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple,... https://www.scmp.com/tech/big-tech/article/3315109/alibaba-and-jdcom-claim-record-participation-618-sales-event-boosted-subsidies?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315109/alibaba-and-jdcom-claim-record-participation-618-sales-event-boosted-subsidies?utm_source=rss_feed Thu, 19 Jun 2025 13:00:15 +0000 Yujie Xue Yujie Xue Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with... https://www.scmp.com/business/china-business/article/3314180/chinese-solar-firms-bank-overseas-expansion-ensure-survival-face-us-tariffs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314180/chinese-solar-firms-bank-overseas-expansion-ensure-survival-face-us-tariffs?utm_source=rss_feed Fri, 13 Jun 2025 00:30:11 +0000 Ann Cao Ann Cao Chinese e-commerce giants Alibaba Group Holding and JD.com are seeing strong sales momentum in their respective campaigns for this year’s 618 shopping festival, on the back of the government’s national subsidy programme. Preliminary 618 retail data from Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce unit, showed sales of categories that benefit from government subsidies – including consumer electronics products and home appliances – surged 283 per cent during the campaign’s initial... https://www.scmp.com/tech/big-tech/article/3312923/alibaba-jdcom-sales-surge-during-618-shopping-festival-back-subsidy-programme?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3312923/alibaba-jdcom-sales-surge-during-618-shopping-festival-back-subsidy-programme?utm_source=rss_feed Tue, 03 Jun 2025 12:00:11 +0000 Ann Cao Ann Cao Apple, Huawei Technologies and Xiaomi lead mainland China’s top brands based on domestic consumers’ online purchase behaviour, according to the first such ranking carried out by Peking University in Beijing. With the support of Taobao and Tmall Group (TTG), the domestic e-commerce unit of Alibaba Group Holding, the university released its findings on Wednesday in a report that featured “China’s Top 500 Online Consumer Brands List”. Alibaba owns the South China Morning Post. The rankings showed... https://www.scmp.com/tech/tech-trends/article/3311381/apple-huawei-xiaomi-lead-chinas-top-500-ranking-consumer-brands-report-finds?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3311381/apple-huawei-xiaomi-lead-chinas-top-500-ranking-consumer-brands-report-finds?utm_source=rss_feed Thu, 22 May 2025 13:00:11 +0000 Coco Feng Coco Feng Chinese household appliance giant Haier has introduced a front-loading washing machine capable of handling three separate loads simultaneously, a feature that has some dubbing it the “lazybones’ washing machine”. The novel design that has three separate drums on the front allows users to wash coats and lingerie separately. Many people in China have traditionally not used washing machines for undergarments, preferring instead to hand wash such items. The new machine, which Haier launched under... https://www.scmp.com/tech/big-tech/article/3303462/haier-debuts-three-drum-lazybones-washing-machine-handles-multiple-loads-once?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3303462/haier-debuts-three-drum-lazybones-washing-machine-handles-multiple-loads-once?utm_source=rss_feed Sat, 22 Mar 2025 23:00:15 +0000 Zhou Xin Zhou Xin China published a new action plan last Sunday aimed at boosting consumer spending, and the immediate question for many observers was whether this “spend, spend, spend” initiative will be effective this time around. Historically, China has pursued strategies to stimulate domestic spending since the late 1990s, when the country began producing more goods than it could consume or export. Two primary schools of thought have emerged on how to encourage increased spending. The first focuses on the... https://www.scmp.com/opinion/china-opinion/article/3302709/will-ai-and-robots-drive-chinas-next-consumer-spending-spree?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3302709/will-ai-and-robots-drive-chinas-next-consumer-spending-spree?utm_source=rss_feed Mon, 17 Mar 2025 23:00:09 +0000 Many Chinese electric vehicle (EV) makers are shifting from exporting vehicles to the European Union to producing them within Europe to find ways around tariffs. While the rationale of this strategy is sound, its successful implementation can be challenging. To succeed, Chinese EV firms should learn from the management experiences of Haier and BYD in the United States. The EU is poised to raise tariffs on EVs imported from China after negotiators failed to reach a deal in Brussels on September... https://www.scmp.com/opinion/china-opinion/article/3279886/how-chinese-ev-makers-can-survive-and-thrive-europe?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3279886/how-chinese-ev-makers-can-survive-and-thrive-europe?utm_source=rss_feed Thu, 26 Sep 2024 21:30:08 +0000 As the artificial intelligence (AI) craze generated by ChatGPT continues to gather pace, the Internet of Things (IoT) industry is also embracing AI-generated content (AIGC) to improve smart home devices and product development. ChatGPT-like technology will “create [many] new ways for interactions” between users and smart devices, and enable products like speakers to serve the needs of users better, said Chen Liaohan, founder and president of Hangzhou-based IoT platform company Tuya Smart, at the... https://www.scmp.com/tech/article/3225989/chatgpt-tech-being-incorporated-smart-home-devices-enabling-better-communication?utm_source=rss_feed https://www.scmp.com/tech/article/3225989/chatgpt-tech-being-incorporated-smart-home-devices-enabling-better-communication?utm_source=rss_feed Thu, 29 Jun 2023 23:00:11 +0000 Asia-Pacific consumer products companies that expanded overseas such as China’s Haier and Japan’s Asahi saw revenue growth of up to 1,250 per cent, way higher than those with a domestic focus, according to Bain & Co. Tracing mergers and acquisitions (M&As) between 2012 and 2021, the consultancy firm said such companies increased their overseas revenue contribution by 27 per cent on average, eight percentage points higher than those without acquisitions. “Cross-border M&A was the fastest way for... https://www.scmp.com/business/companies/article/3222148/how-chinas-haier-and-japans-asahi-used-overseas-mas-supercharge-revenue-growth-bain-study?utm_source=rss_feed https://www.scmp.com/business/companies/article/3222148/how-chinas-haier-and-japans-asahi-used-overseas-mas-supercharge-revenue-growth-bain-study?utm_source=rss_feed Mon, 29 May 2023 04:50:34 +0000 China’s leaders have their hands full as they try to quell a cacophony of cries among private entrepreneurs, foreign investors and ordinary citizens whose collective confidence in the Chinese market continues to be tested following recent releases of lower-than-expected economic data. To that end, Premier Li Qiang’s two-day inspection tour in the eastern province of Shandong this week offered some insight into what solutions the authorities will employ. While details and specifics remain scarce,... https://www.scmp.com/economy/china-economy/article/3221160/chinas-deluge-weak-economic-data-prompts-pointed-calls-premier-li-qiang-inspection-tour?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3221160/chinas-deluge-weak-economic-data-prompts-pointed-calls-premier-li-qiang-inspection-tour?utm_source=rss_feed Fri, 19 May 2023 10:02:43 +0000 Stocks in Hong Kong and mainland China tumbled as a flare-up in coronavirus cases undermined recent bets Beijing will roll back its stringent zero-Covid policy to spur the economy. Two of the three new benchmark index members gained. The Hang Seng Index dropped 1.9 per cent to 17,655.91 at the close of Monday trading, the biggest setback in two weeks. The Tech Index lost 3 per cent, while the Shanghai Composite Index retreated 0.4 per cent. Alibaba Group slipped 4.8 per cent to HK$76.15 while... https://www.scmp.com/business/china-business/article/3200345/hong-kong-stocks-slump-most-two-weeks-china-reopening-bets-unravel-amid-flare-covid-cases?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3200345/hong-kong-stocks-slump-most-two-weeks-china-reopening-bets-unravel-amid-flare-covid-cases?utm_source=rss_feed Mon, 21 Nov 2022 02:14:18 +0000 Three companies including noodle producer Tingyi (Cayman Islands) Holding and state-owned property manager China Resources Mixc Lifestyle Services will join Hong Kong’s benchmark index as constituent stocks next month. Household electrical appliances maker Haier Smart Home is the third firm joining the Hang Seng Index effective from December 5, index compiler said in a statement on Friday following a quarterly review. The compiler is widening the gauge’s blue-chip membership to include more... https://www.scmp.com/business/china-business/article/3200191/noodle-maker-tingyi-property-firm-china-resources-mixc-lifestyle-services-and-haier-join-hang-seng?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3200191/noodle-maker-tingyi-property-firm-china-resources-mixc-lifestyle-services-and-haier-join-hang-seng?utm_source=rss_feed Fri, 18 Nov 2022 13:38:43 +0000 China’s top 10 appliance makers, which are also the world’s largest by market capitalisation, are a highly concentrated lot. The three largest manufacturers – Midea Group, Gree Electric Appliances and Haier Smart Home – make up 80 per cent of the combined value of the top 10, while four of the 10 largest are based in southern China’s Greater Bay Area, according to the Hurun China Top 10 Most Valuable Electrical Appliance Companies 2020 report. “China’s electrical appliance industry has already... https://www.scmp.com/business/companies/article/3105458/midea-gree-and-haier-make-80-cent-value-chinas-top-10-appliance?utm_source=rss_feed https://www.scmp.com/business/companies/article/3105458/midea-gree-and-haier-make-80-cent-value-chinas-top-10-appliance?utm_source=rss_feed Wed, 14 Oct 2020 07:00:11 +0000 Hong Kong-based businesses have stepped up their merger and acquisition (M&A) deals this quarter by latching on to economic recovery in mainland China, suggesting beaten-down asset prices could attract more investors ahead. Deals involving Hong Kong companies have reached US$35.9 billion through September 25, according to data compiled by Refinitiv. They are 102 per cent higher than in the preceding quarter, when transactions slumped to a seven-year low. The renewed appetite is a relief for... https://www.scmp.com/business/banking-finance/article/3103242/hong-kong-businesses-step-ma-deals-latching-chinas?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3103242/hong-kong-businesses-step-ma-deals-latching-chinas?utm_source=rss_feed Mon, 28 Sep 2020 02:00:15 +0000 China’s unemployment situation continues to worsen as the coronavirus outbreak takes a toll on consumer demand both at home and abroad, with one of the country’s largest home appliance makers saying it is struggling to carry the “rice bowls” of tens of thousands of employees. Hisense Group, a Shandong-based manufacturer of television sets and other appliances, issued a statement on Sunday announcing that the virus was affecting business and it was speeding up its decision to let go... https://www.scmp.com/economy/china-economy/article/3079641/coronavirus-chinas-rice-bowls-cracking-big-home-appliance?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3079641/coronavirus-chinas-rice-bowls-cracking-big-home-appliance?utm_source=rss_feed Mon, 13 Apr 2020 11:15:14 +0000 This article originally appeared on ABACUS Smart TV owners in China are tired of televisions that spam them with ads from the moment they start up. Local consumer rights groups are now pushing back, claiming the ads infringe on users’ rights. One group published a draft on Tuesday for regulating smart TV advertising that covers ads displayed during start-up. The Jiangsu Consumer Council’s proposal stipulates that users should be able to turn off TV ads and that the duration of ads should not... https://www.scmp.com/abacus/news-bites/article/3074976/chinese-smart-tvs-face-pushback-over-ads?utm_source=rss_feed https://www.scmp.com/abacus/news-bites/article/3074976/chinese-smart-tvs-face-pushback-over-ads?utm_source=rss_feed Thu, 12 Mar 2020 13:56:40 +0000 Smart TV owners in China are tired of televisions that spam them with ads from the moment they start up. Local consumer rights groups are now pushing back, claiming the ads infringe on users’ rights. One group published a draft on Tuesday for regulating smart TV advertising that covers ads displayed during start-up. The Jiangsu Consumer Council’s proposal stipulates that users should be able to turn off TV ads and that the duration ads should not exceed 30 seconds, local media reported. Ads on... https://www.scmp.com/china-tech-city/chinese-smart-tvs-face-pushback-over-ads/article/3074944?utm_source=rss_feed https://www.scmp.com/china-tech-city/chinese-smart-tvs-face-pushback-over-ads/article/3074944?utm_source=rss_feed Thu, 12 Mar 2020 13:56:39 +0000 The US-China phase-one trade deal, under which Beijing committed to huge purchases of agricultural products, is a shot in the arm for farmers in America’s heartland. But the overall picture still looks grim, especially for Chinese investment in the US. According to global research firm Mergermarket, purchases of US firms by Chinese buyers has plummeted by 95 per cent, from US$55.3 billion in 2016, to US$3 billion in 2018. It can be argued that with China purchasing more US farm goods, more jobs... https://www.scmp.com/comment/opinion/article/3047035/chinese-investment-saving-american-factories-and-manufacturing?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3047035/chinese-investment-saving-american-factories-and-manufacturing?utm_source=rss_feed Wed, 22 Jan 2020 19:00:12 +0000 Shifting China’s growth model has been imperative for the country’s leadership amid a slowing economy and the trade war with the United States. Encouraging brand building could be the linchpin of this endeavour. The significance of brands in a knowledge-driven economy has never been lost on Beijing’s top cadres. As early as June 2016, the State Council issued a landmark document hailing the “pioneering” role of brands in facilitating supply-demand structural reforms. This marked the beginning of... https://www.scmp.com/comment/opinion/article/3035259/while-huawei-and-xiaomi-have-had-global-success-building-made-china?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3035259/while-huawei-and-xiaomi-have-had-global-success-building-made-china?utm_source=rss_feed Wed, 30 Oct 2019 17:00:12 +0000 China’s efforts to connect with German stock market look set to come to fruition after white goods maker Qingdao Haier confirmed that it is studying the feasibility of issuing the so-called D shares in Frankfurt, following more than two years of preparations by regulators. A listing by a top Chinese firm on the China European International Exchange, known as CEINEX, will represent another significant step taken by Beijing to reinforce its country’s globalisation drive. D shares refer to the... https://www.scmp.com/business/global-economy/article/2132767/chinas-haier-mulls-d-share-issue-raise-funds-germany?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2132767/chinas-haier-mulls-d-share-issue-raise-funds-germany?utm_source=rss_feed Fri, 09 Feb 2018 23:02:14 +0000 Chinese home appliance manufacturer Haier is seeking to accelerate the turnaround at its recently-acquired GE Appliances, deploying a strategy that will leverage a data platform and the connectivity of appliances based on the internet of things, according to company chairman Zhang Ruimin. “We are targeting double the revenue and profit in the next five years,” said Zhang. Zhang who is also a delegate to the 19th party congress, shared his views with the South China Morning Post on the sidelines... https://www.scmp.com/business/companies/article/2116486/chinas-haier-has-plan-help-continue-turnaround-ge-appliances?utm_source=rss_feed https://www.scmp.com/business/companies/article/2116486/chinas-haier-has-plan-help-continue-turnaround-ge-appliances?utm_source=rss_feed Sun, 22 Oct 2017 23:01:48 +0000 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. The company, a subsidiary of home appliances giant Qingdao Haier, said the strategy would help meet demand on the mainland, where more enterprises are expected to outsource the storage, transport and distribution of their goods to professional third-party logistics companies. "The group will reinforce investments... https://www.scmp.com/business/companies/article/1581090/haier-electronics-lookout-more-logistics-acquisitions?utm_source=rss_feed https://www.scmp.com/business/companies/article/1581090/haier-electronics-lookout-more-logistics-acquisitions?utm_source=rss_feed Wed, 27 Aug 2014 03:40:59 +0000 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. In a three-part deal worth a total of HK$4.13 billion, Alibaba - pushing hard to gear up its logistics network across the nation -... https://www.scmp.com/business/china-business/article/1377124/alibaba-and-haier-online-tie?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1377124/alibaba-and-haier-online-tie?utm_source=rss_feed Mon, 09 Dec 2013 18:56:48 +0000 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. Experts say the established firms Lenovo and Huawei are moving more upscale, while Hisense and Haier, relative Chinese newcomers to the US market, have rolled out some of the biggest and most advanced TVs and slimmest smartphones. “One of the things that strikes you [at CES] is the presence of the Chinese... https://www.scmp.com/business/china-business/article/1127128/chinese-tech-firms-pump-volume-ces-show-las-vegas?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1127128/chinese-tech-firms-pump-volume-ces-show-las-vegas?utm_source=rss_feed Sun, 13 Jan 2013 09:26:16 +0000 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. Acquiring the upmarket appliance maker is seen as part of Haier’s strategy to expand its reach with higher-end products, improving China’s... https://www.scmp.com/business/companies/article/1073843/new-zealand-regulator-clears-haiers-fisher-paykel-bid?utm_source=rss_feed https://www.scmp.com/business/companies/article/1073843/new-zealand-regulator-clears-haiers-fisher-paykel-bid?utm_source=rss_feed Wed, 31 Oct 2012 03:29:32 +0000 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 (1169.HK) slightly sweetened takeover bid for Fisher & Paykel (NZ: FPA) has finally won approval from the New Zealand company's board. Haier's raised bid of NZ$1.28 per share appears to be just the right amount it needed to convince F&P's board to approve the deal, marking a seven per cent increase over an initial offer of NZ$1.20 per... https://www.scmp.com/comment/blogs/article/1064730/haier-model-follow-fp-deal?utm_source=rss_feed https://www.scmp.com/comment/blogs/article/1064730/haier-model-follow-fp-deal?utm_source=rss_feed Fri, 19 Oct 2012 03:09:44 +0000 Steel output, refinery throughput increase China's crude steel output and refinery throughput rose last month, with higher fixed asset investments and industrial output signalling that demand for bulk commodities and energy in the world's leading buyer is on the mend. Average daily steel output rose 2 per cent year on year, while refinery throughput rose 7 per cent, official figures show. Reuters   Haier buying majority stake in NZ company Chinese appliance maker Haier said it will be taking a... https://www.scmp.com/business/china-business/article/1064431/briefs-october-19-2012?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1064431/briefs-october-19-2012?utm_source=rss_feed Thu, 18 Oct 2012 16:00:00 +0000 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 (1169.HK) because it is too low. I use the expression "good cop, bad cop" here to refer to a tactic often used by salesmen working in pairs when trying to confuse a buyer into paying a higher price for something. One salesman typically... https://www.scmp.com/comment/blogs/article/1054380/fp-rebuffs-haier-new-bid-coming?utm_source=rss_feed https://www.scmp.com/comment/blogs/article/1054380/fp-rebuffs-haier-new-bid-coming?utm_source=rss_feed Fri, 05 Oct 2012 01:03:32 +0000 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. Such a huge recycling of money should be invigorating for the global economy. But US$1 trillion is a tonne of cash by anyone's standards, which means the investment process will often be disruptive and sometimes... https://www.scmp.com/article/972804/we-need-calm-down-about-chinas-outward-investments?utm_source=rss_feed https://www.scmp.com/article/972804/we-need-calm-down-about-chinas-outward-investments?utm_source=rss_feed Wed, 06 Jul 2011 16:00:00 +0000 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. Home to several other well-known brands such as home appliance maker Haier, Qingdao has had growth of more than 10 per cent every year for the past decade. Now on top of these traditional competitive industries, the coastal city in Shandong is boosting its... https://www.scmp.com/article/966983/qingdao-aims-harness-sea-its-growth?utm_source=rss_feed https://www.scmp.com/article/966983/qingdao-aims-harness-sea-its-growth?utm_source=rss_feed Thu, 05 May 2011 16:00:00 +0000 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. According to the Hong Kong Venture Capital and Private Equity Association (HKVCA), with about US$60 billion, the city is home to the largest available pool of capital for private equity investment in the Asia-Pacific region. The figure has grown from virtually nothing in 1997, following the Asian financial crisis which sparked... https://www.scmp.com/article/966436/hk-ideal-hub-big-equity-deals?utm_source=rss_feed https://www.scmp.com/article/966436/hk-ideal-hub-big-equity-deals?utm_source=rss_feed Fri, 29 Apr 2011 16:00:00 +0000 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. The venture, in which Whirlpool and Hisense have equal stakes, investments and management control, targets an annual output capacity of 2 million washing machines and 1 million refrigerators. The companies did not say when production will... https://www.scmp.com/article/635808/whirlpool-and-hisense-forge-900m-yuan-venture?utm_source=rss_feed https://www.scmp.com/article/635808/whirlpool-and-hisense-forge-900m-yuan-venture?utm_source=rss_feed Tue, 29 Apr 2008 16:00:00 +0000 Cup Data chooses anti-fraud system from Retail Decisions China UnionPay Data (Cup Data), the mainland's largest bank card processor, has selected British firm Retail Decisions to provide a fraud prevention and control system. The mainland unit of multinational information-technology services provider Unisys will help Retail Decisions, a payment processing specialist, set up the system known as Prism. Cup Data provides processing services to 16 of the mainland's 29 credit card-issuing... https://www.scmp.com/article/609121/brief?utm_source=rss_feed https://www.scmp.com/article/609121/brief?utm_source=rss_feed Mon, 24 Sep 2007 16:00:00 +0000 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 (China), Global Bio-chem Technology Group, Golden 21 Investment Holdings, Golden Dragon Group (Holdings),... https://www.scmp.com/article/609021/results?utm_source=rss_feed https://www.scmp.com/article/609021/results?utm_source=rss_feed Sun, 23 Sep 2007 16:00:00 +0000 Today Interim: Sino-Tech International Holdings, Tianneng Power International September 24 Interim: China Best, China Force Oil & Grains, China Mining Resources, China Oil And Gas, China Seven Star Shopping, China Star Entertainment, China Water Industry, Ching Hing, Coslight Technology, Cosmos Machinery, Dragon Hill, FinTronics Holdings, Fong's Industries, Franshion Properties, Global Bio-chem Technology, Golden 21 Investment, Golden Dragon, Green Energy, Guangzhou Investment, Haier... https://www.scmp.com/article/608799/results?utm_source=rss_feed https://www.scmp.com/article/608799/results?utm_source=rss_feed Fri, 21 Sep 2007 16:00:00 +0000 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. A spokesperson for Hong Kong-listed Haier Electronics Group also did not comment as the unit represents only the parent's washing-machine and water-heater businesses. A senior manager with Haier Group said the company would... https://www.scmp.com/article/599257/haier-eyes-shanghai-computer-spin?utm_source=rss_feed https://www.scmp.com/article/599257/haier-eyes-shanghai-computer-spin?utm_source=rss_feed Tue, 03 Jul 2007 16:00:00 +0000 News that Haier's refrigerator plant in Camden, South Carolina, was hiring 128 more workers made the headlines in March in a state that has one of the highest unemployment rates in the United States. The hiring was a result of a US$6 million expansion at Haier America Refrigerators, the manufacturing branch of Haier America, in the first phase of a US$100 million, 1,000-job plan announced by Haier last year during Vice-Premier Wu Yi's visit to the city. The 128 jobs would take the plant's... https://www.scmp.com/article/593996/mainland-fridge-makers-us-factory-helping-head-trade-cold-war?utm_source=rss_feed https://www.scmp.com/article/593996/mainland-fridge-makers-us-factory-helping-head-trade-cold-war?utm_source=rss_feed Tue, 22 May 2007 16:00:00 +0000 Haier's operation in the US sits well with the mainland's strategy of expanding investment in the US, says Tarun Khanna of the Harvard Business School. 'It is a company with a proven track record in China. Also, it has been tested against the world's best multinationals and has done fine. 'It's a company with some real strength so it's a good one to spearhead Chinese expansion. And it avoids politically more volatile situations that have run into trouble, like buying oil or energy... https://www.scmp.com/article/594000/firms-us-arm-fits-mainland-strategy?utm_source=rss_feed https://www.scmp.com/article/594000/firms-us-arm-fits-mainland-strategy?utm_source=rss_feed Tue, 22 May 2007 16:00:00 +0000 Today Final: Asian Union, Broad Intelligence Int'l Pharmaceutical Holdings, China Strategic Holdings, Coslight Technology International Group, Datronix Holdings, ENM Holdings, EPI (Holdings), First Natural Foods Holdings, Fortune Telecom Holdings, Fushan International Energy Group, GFT Holdings, Global Bio-chem Technology Group, Haier Electronics Group, HK Chinese, China Huiyuan Juice Group, Hunan Nonferrous Metals, Jiuzhou Development, K.P.I., Kader Holdings, New Focus Auto Tech Holdings, Pan... https://www.scmp.com/article/590054/results?utm_source=rss_feed https://www.scmp.com/article/590054/results?utm_source=rss_feed Sun, 22 Apr 2007 16:00:00 +0000 Today Final: Century Legend (Holdings) April 23 Final: Asian Union, Broad Intelligence Int'l Pharmaceutical Holdings, China Strategic Holdings, Coslight Technology International Group, Datronix Holdings, ENM Holdings, EPI (Holdings), First Natural Foods Holdings, Fortune Telecom Holdings, Fushan International Energy Group, GFT Holdings, Global Bio-chem Technology Group, Haier Electronics Group, HK Chinese, China Huiyuan Juice Group, Hunan Nonferrous Metals, Jiuzhou Development, K.P.I., Kader... https://www.scmp.com/article/589789/results?utm_source=rss_feed https://www.scmp.com/article/589789/results?utm_source=rss_feed Fri, 20 Apr 2007 16:00:00 +0000 Tongda Group Holdings, a designer and maker of electrical and electronic appliance components, placed 400 million new shares yesterday in a bid to raise up to HK$256 million to fund expansion, market sources said. The shares, representing 11.94 per cent of the Hong Kong-listed firm's existing share capital, were offered at 60 to 64 HK cents each, the sources said. The price was at an 8.6 per cent to 14.3 per cent discount to the stock's price of 70 HK cents before it was suspended from... https://www.scmp.com/article/579308/tongda-eyes-hk256m-share-placement?utm_source=rss_feed https://www.scmp.com/article/579308/tongda-eyes-hk256m-share-placement?utm_source=rss_feed Mon, 22 Jan 2007 16:00:00 +0000 Sacking may be related to city's rampant property speculation, some residents say A top Communist Party chief in the booming coastal province of Shandong province has been fired for serious discipline violation, Xinhua reported yesterday. Du Shicheng , party chief of provincial capital Qingdao and a deputy party secretary of the province, was dismissed from all government posts. The news agency said he would face further investigation. The report did not give any details of his sacking, ... https://www.scmp.com/article/576529/qingdao-party-chief-fired-all-posts?utm_source=rss_feed https://www.scmp.com/article/576529/qingdao-party-chief-fired-all-posts?utm_source=rss_feed Sun, 24 Dec 2006 16:00:00 +0000