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Ever heard of CNOOC, Haier, Lenovo, TCL, ZTE?
CNOOC – State owned oil company incorporated in 1982. Generated sales revenue of RMB 70.92 billion and net profit of RMB 24.22 billion in 2004, increasing by 32%, 62% respectively as compared with the previous year. As the end of 2004, its total assets and nets assets had reached RMB 153.26 billion and 83.06 billion, a 28% and 21% increase as compared with the beginning of the year. Bidding against Chevron for UNOCAL.
Haier – Founded in 1987 and China 's leading maker of white goods, been in the USA since 1994 and accounts for 50% of America 's small refrigerator business. Considered a bid for Maytag ( Hoover ) but decided against it.
Lenovo - Founded in 1984 in a two-room bungalow in Beijing by 11 scientists from the Chinese Academy of Sciences. It is now the leading PC maker in China and the third-largest PC maker in the world. Last year purchased IBM's PC division for $1.75 billion.
TCL – Founded in 1981 to make cassette tapes, now the world's largest maker of television sets. Acquired German electronic-appliance maker Schneider and majority control of France 's Thomson Electronics. Established strategic alliances with Philips and Toshiba amongst others.
ZTE – China 's largest listed telecommunications equipment provider, started in the mid-1980's as an offshoot of China 's aerospace ministry. The company's 2004 Hong Kong IPO raised $400million, which ZTE plans to use part of to expand its business outside of China.
There are many more Chinese companies, such as China International Marine Containers (CIMC), Guangdong Galanz, Huawei, where these came from . |
