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Fridge magnate: Zhang shifts Haier focus for wireless age

2015-05-13 00:31:12| Appliances - Topix.net

The Chinese businessman who built the world's second-biggest refrigerator, washing machine and air conditioner empire is putting big overseas acquisitions in the deep freeze, to focus on innovation and connectivity - linking his firm and its customers to their smart home appliances. Zhang Ruimin, the 66-year-old CEO of Haier Group, said global over-capacity and a shift to advanced manufacturing in a wireless age has put off talk of large acquisitions.

Tags: age focus wireless zhang

Category:Consumer Goods and Services

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