How China's Haier Eclipsed American Giant General Electric | Inside The Storm | CNA Insider
How China's Haier Eclipsed American Giant General Electric | Inside The Storm | CNA Insider
“When we told General Electric we didn’t want to work together, they were furious. They told us they were going to enter the Chinese market – and their first goal would be to eliminate us.”
Decades later, the tables have turned. China’s Haier is now the world’s top major appliance brand. And GE – once a giant in the American consumer appliance market – sold off its appliance business to the Qingdao-based company in 2017.
Today, they’re working together to innovate and incorporate the Internet of Things into their products.
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Five of the world’s biggest brands reveal intimate details on how major companies are run and how, in times of crisis, they survived, adapted and merged to compete better.
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Am I the only one who sees a mini luhan on the fridge HAHA
🤘🤘🤘🤘🤘🤘🤘
It seems many find it difficult to distinguish between General Electric’s appliance division and General Electric Company.
Haier succeeded because Haier makes a product. GE failed because GE stopped making a product and began to play the short term money churning game imposed by dishonest investors and corporate raiders.
A good closing remark from Haier.
Did you hear that, HTC?
Haier, Help This Company!!
Chinese companies don’t have to hire and promote American women to shield against lawsuits. GE should sell off it’s assets to the Chinese. Maybe then productive short men will get a fair deal.
EPA regulations require all washers be made HE or water savers.The new GE washers have a deep fill option that actually let the washer fill all the way up with water.People who buy them love them.As usual the Chinese cheat and ignore the regulations.We want our good fill all the way up washers back!
#boycot heair products
Fulli chiettrs
Camplen no
NS20200209100066
HAHA now GE bonds are rated junk grade
I’m not buying anymore GE products.Screw the Chinese!
How ?
Hard working
GE was mismanaged actually by one man. It needed financial support to stay afloat and here is where this Chinese company comes in because U.S. and Western companies won’t. In time GE will do just fine and kick Chinese investors back to China with some profits of course.
We are stepping into the Chinese Century.
*#FuckChina*
GE 💙
Despite the China ‘politics’ Haier did a great job in manoeuvring.
To see a company in China that dont copy other products but made it better instead made me glad as a person as all i know in China is that they love to copy tgings make rip offs etc
Trump will declare Haier as national security risk 😅
They don’t mention German technology or Chinese labor costs as a factor.
The toyota of home appliances.