On January 15, 2016 (December 6, 2015 lunar calendar), Haier acquired General Electric's home appliance business in the United States. Haier Group acquired General Electric Appliances On the afternoon of January 15, 2016, Haier Group's Qingdao Haier announced that the company signed an "Equity and Asset Purchase Agreement" with General Electric (GE), which will acquire General Electric's home appliance business for $5.40 billion in cash. This acquisition transaction set a record for the most overseas acquisitions of Chinese home appliance companies. The two parties expect the transaction to be completed in the second quarter of 2016. At the same time, Haier Group signed a memorandum of understanding with General Electric, and the two parties will cooperate in the fields of industrial Internet, medical care and advanced manufacturing. It is understood that the GE Appliances business is headquartered in Louisville, Kentucky, USA. The company has about 12,000 employees, 96% of which are in the United States. According to the announcement, as of September 30, 2015, the unaudited book net assets of the GE Appliances business were $1.892 billion. As part of the transaction, Haier can continue to use GE's Appliances brand to sell products to the market, according to the statement. The brand has an initial lifespan of 40 years, which includes two extended lifespan periods of 10 years. In addition, this integration also includes GE Appliances' 48.4% interest in Mabe, a Mexican Appliances business, which has been in operation for 28 years. "We are pleased to sell our Appliances business to Haier and launch this new partnership." Jeff Immelt, chief executive of General Electric, said in a statement, "In addition, we see an opportunity to work together in China to build the GE brand." Haier Group General Electric is far more than just an ordinary home appliance company in the hearts of ordinary Americans. Now that this is the case, the user @PaulFowlerAtkinson feels that the only thing to do is to send his blessings to General Electric. He left a message: I hope that General Electric will be happy after receiving this 4 billion. Just a few days ago, on the 11th, a number of media reported that Chinese companies Haier and Midea bid for the home appliance business of General Electric, a century-old American brand. According to the US media "Wall Street Journal", the bid has now come to an end. According to people familiar with the matter, Haier has successfully won the bidding, and Haier and General Motors are about to sign a formal agreement. It is also understood that the value of the merger will be as high as 4 billion US dollars. The people also claimed that the two companies will formally sign the agreement as soon as this Friday. However, GM and Haier have not responded to this at the official level. Although business is business and can be regarded as a century-old brand founded in 1892, General Motors is far more than just an ordinary home appliance company in the hearts of ordinary Americans. Haier Group