Founded as Qingdao No.2 Radio Factory in 1969, Hisense has now developed into a multibillion dollar global conglomerate, which has two listed companies (Hisense Electric Co., Ltd. (600060), on the Shanghai Stock Exchange, and Hisense Kelon Electrical Holdings Company Ltd. (000921), on the Shenzhen and Hong Kong Stock Exchanges); owns three famous trademarks (Hisense, Kelon and Ronshen); and provides a wide range of products and services including “multimedia”, “home appliances”, “telecommunications”, “information technology” and “real estate”. The products include TVs, air conditioners, refrigerators, mobile phones, moulding, fiber optical transceivers and intelligent traffic management systems. Until 2012, the production capacity is as follows: 13 million TV sets, 12 million refrigerators, 9.3 million air conditioners, 10 million mobile phones and 2 million washing machines. The sales revenue in 2011 was $11.3 billion, increasing 18.9 %; overseas sales revenue reached $ 1.63 billion, increasing 16.88 %. In June 2008, Hisense was selected by the Central Propaganda Department and State-owned Assets Supervision and Administration Commission of the State Council (SASAC) as one of the top ten models for state-owned enterprises. And it was awarded as the most respectable enterprise in China for four times. Hisense has a state-level technological center, a digital multimedia technology laboratory (a national key laboratory) and a postdoctoral research institute.Around the world, Hisense has production bases in South Africa, Algeria, Egypt and sales offices in North America, Central and South America, Europe, Australia, Middle East-Africa, and Asia. The products are exported to over 130 countries and regions throughout the world.