Who currently owns GE Appliances is Haier Group, Chinese multinational appliance company headquartered in Qingdao, Shandong, China, which acquired GE Appliances in 2016 from General Electric Company. General Electric Company, founded in 1892 in Schenectady, New York, USA, sold its appliance division GE Appliances to Haier Group for 5.6 billion dollars in June 2016, after previously attempting to sell to Electrolux Swedish company but deal fell through due to antitrust concerns. Haier Group, founded in 1984 in Qingdao, China, is world's largest appliance manufacturer, owned by Haier Smart Home, publicly traded, controlled by founder Zhang Ruimin and management, with global operations. Haier owns GE Appliances as subsidiary called GE Appliances, a Haier company, headquartered in Louisville, Kentucky, USA, where it continues to operate Appliance Park factory with over 6000 employees, maintaining American manufacturing and management, though owned by Chinese parent Haier. GE Appliances still uses GE brand name under license agreement with General Electric Company, which retains ownership of GE trademark and licenses it to Haier for appliance use. So currently owner of GE Appliances is Haier Group, Chinese company headquartered in Qingdao, China, which owns GE Appliances as subsidiary based in Louisville, Kentucky, USA, American-operated but Chinese-owned since 2016, with GE brand used under license.
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