If you still think Chinese made goods are inferior to those made in the United States or Europe, it’s time for a rethink. Those “European” goods might actually be Chinese-made after all, thanks to recent Chinese investment sprees.
![Made In China](https://magarticles.magzter.com/articles/806/349930/5cf5412a5b158/China-United-States-Europe-Investment.jpg)
Metz, Hisense Groenje, and General Electric. If you were asked what these three Western consumer electronics brands had in common, how many of you would have guessed that they’re all now owned by Chinese companies?
But it’s true. Hisense upped their share of Slovenia’s Groenje to over 95% in May 2017, acquiring a massive 62.5% of the company to go with the 33% stake it already held. Likewise, Metz was acquired by Skyworth in 2015, giving it high-end consumer goods such as washing machines, water purifiers and air conditioners to go with its stable of LED TVs.
As for Qingdao Haier, you may know it to be a Chinese refrigerator company, but did you know they own General Electrics’ Appliances division? That in itself is an interesting tale of reversal of fortunes, as General Electric once tried to takeover Haier in the early nineties, only to have their offer refused. (Haier later bought over General Electrics’ Appliances division in 2016 for US$ 5.6 billion.)
NOT A NEW PHENOMENON
At the recent IFA Global Press Conference 2019 in Andalusia, Spain, six companies took to stage on the first day to present their upcoming innovations for the year – Philips, TCL, Haier, Metz, Safera and Hisense Gorenje. All the speakers representing their companies were undoubtedly European, presenting from the perspective of a European company, but the bulk of them (four) were really Chinese owned, which really shouldn’t be that surprising considering how Chinese political and corporate leaders have been buying into companies across the world for the good part of the last decade.
Diese Geschichte stammt aus der June 2019-Ausgabe von HWM Singapore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 2019-Ausgabe von HWM Singapore.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![5 Steps To Secure Your Home With A Mesh Network](https://reseuro.magzter.com/100x125/articles/806/1751300/7bBKKN4Hn1720080270483/crp_5-STEPS-TO-SECURE-YOUR-HOME-WITH-A-MESH-NETWORK.jpg)
5 Steps To Secure Your Home With A Mesh Network
Firewalls filter data in network traffic to protect the network from a wide variety of malicious attacks and malware.
![The Best Hair Straightener](https://reseuro.magzter.com/100x125/articles/806/1751300/KMEptVlyx1720079860377/THE-BEST-HAIR-STRAIGHTENER.jpg)
The Best Hair Straightener
When I first saw the Dyson Airstrait straightener, my immediate feelings were one of cautious optimism.
![How local developer Chinykian became the first Singaporean to have an App Store Great on Apple Arcade](https://reseuro.magzter.com/100x125/articles/806/1751300/A3Pnsq7xj1720079080244/HOW-LOCAL-DEVELOPER-CHINYKIAN-BECAME-THE-FIRST-SINGAPOREAN-TO-HAVE-AN-APP-STORE-GREAT-ON-APPLE-ARCADE.jpg)
How local developer Chinykian became the first Singaporean to have an App Store Great on Apple Arcade
Yong Kian Chin aka Chinykian is a lecturer by day and an indie game developer by night.
![MERCEDESBENZ EQS SUV](https://reseuro.magzter.com/100x125/articles/806/1751300/AH-1FzGiS1720078791367/MERCEDESBENZ-EQS-SUV.jpg)
MERCEDESBENZ EQS SUV
Mercedes-Benz's adoption of electricity has been impressively rapid.
![A For Affordable AI](https://reseuro.magzter.com/100x125/articles/806/1751300/9L_QN62221720077832829/A-FOR-AFFORDABLE-AI.jpg)
A For Affordable AI
The Google Pixel 8a has arrived, offering many features from its flagship siblings at a more affordable price. It maintains a sleek, compact design, making it easy to handle with one hand.
![Good For Nothing](https://reseuro.magzter.com/100x125/articles/806/1751300/7cx17Pibk1720077371603/GOOD-FOR-NOTHING.jpg)
Good For Nothing
After a rocky start with the Nothing Phone (1), the company turned things around by releasing the incredible Nothing Phone (2).
![Astoundingly Beautiful And Fun](https://reseuro.magzter.com/100x125/articles/806/1685823/fyhbyg6kT1715343710649/crp_ASTOUNDINGLY-BEAUTIFUL-AND-FUN.jpg)
Astoundingly Beautiful And Fun
Unicorn Overlord is one of those games where it's immensely challenging to review and write.
![An AI-Lite Flagship Smartphone](https://reseuro.magzter.com/100x125/articles/806/1685823/lpq6BGQfq1715343166083/crp_AN-AILITE-FLAGSHIP-SMARTPHONE.jpg)
An AI-Lite Flagship Smartphone
The Honor Magic6 Pro emerges as a refreshing outlier, poised to disrupt the market with its impressive specifications and innovative features.
![What Price For Peace Of Mind?](https://reseuro.magzter.com/100x125/articles/806/1685823/N6fdwwIUu1715342544453/crp_WHAT-PRICE-FOR-PEACE-OF-MIND.jpg)
What Price For Peace Of Mind?
TackGPS Plus boasts of being the world's first GPS tracker with indoor elevation finding capabilities and up to 30 days of battery life on a single charge.
![THE 12 Best Flagship True Wireless Earbuds Compared](https://reseuro.magzter.com/100x125/articles/806/1685823/NdzTgQxmN1715341314193/crp_THE-12-BEST-FLAGSHIP-TRUE-WIRELESS-EARBUDS-COMPARED.jpg)
THE 12 Best Flagship True Wireless Earbuds Compared
With so many brands available, it can be hard to decide which to get, this is why we've rounded up and tested the best that all of the major brands have to offer.