Hisense Electronics

Founded in 1969 as the Qingdao No. 2 Radio Factory in China, Hisense has evolved into a global powerhouse in the consumer electronics and home appliance industries. Headquartered in Qingdao, Shandong province, the brand is widely recognized for its high-quality televisions, refrigerators, air conditioners, and mobile communication devices.

Hisense's manufacturing footprint is truly global, with production facilities spanning across China, Mexico, South Africa, Slovenia, and the Czech Republic. This extensive network allows the company to cater to diverse regional markets efficiently. Hisense has also expanded its portfolio through strategic acquisitions, including the television business of Toshiba, the European appliance giant Gorenje, and a licensing agreement for the Sharp brand in the Americas.

Ownership of Hisense is a sophisticated blend of state control and public investment. The ultimate owner is the Hisense Group Holdings Co., Ltd., which is itself largely overseen by the State-owned Assets Supervision and Administration Commission (SASAC) of the Qingdao Municipal Government. The group operates through major publicly traded subsidiaries like Hisense Visual Technology and Hisense Home Appliances, ensuring a balance between state strategic guidance and international market standards.