The Latest in IT Security

China’s Haier Electronics hit 14 year high on Alibaba logistics deal

09
Dec
2013

Chinese appliance maker Haier Electronics Group Co Ltd agreed to team with e-commerce giant Alibaba Group to further develop its logistics business, in a move that sent Haier Electronics stock to a 14-year high. Haier Electronics is muscling in on their distributors and expanding into logistics and e-commerce in a bid to win the fierce battle for margins in the worlds biggest home appliance market. The companys largest shareholder is KKR-backed Qingdao Haier Co Ltd, which owns a 47.9 percent stake. The agreement also comes amid a flurry of deals by fast growing Alibaba, which has bought into several companies recently and is preparing what could be a roughly $15 billion IPO.

Comments are closed.

Categories

THURSDAY, MARCH 28, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments