China’s Haier Opens Israel Innovation Center

October 24, 2017 | Chinese appliance maker Haier Electronics, part of Haier Group, opened an innovation center in Israel this week with a focus on smart home technologies. The company said it would be looking for smart household goods technologies to integrate into its product line and help Israeli companies looking to expand into China. Mr. Wang Ye, vice president and general manager of the Advanced Innovation Center in Haier’s appliance group said “the decision to open an innovation center is fully aligned with Haier’s strategy: the world is our lab.” Haier Group acquired General Electric Co.’s appliances unit in 2016 in a deal worth $5.4 billion.