About GE
GE (NYSE: GE) is Imagination at Work -- a diversified globalinfrastructure, finance and media company that is built to meetessential world needs. From energy, water, transportation and health toaccess to money and information, GE serves customers in more than 100countries and employs more than 300,000 people worldwide. Jeffrey R.Immelt is Chairman of the Board and Chief Executive Officer of GE.
The company traces its beginnings to Thomas A. Edison, who establishedEdison Electric Light Company in 1878. In 1892, a merger of EdisonGeneral Electric Company and Thomson-Houston Electric Company createdGeneral Electric Company. GE is the only company listed in the Dow JonesIndustrial Index today that was also included in the original index in 1896.
Total revenue of GE reached $183 billion in 2008.
GE is having five businesses including two infrastructure segments: GETechnology Infrastructure, GE Energy Infrastructure, GE Capital, NBCUniversal and GE Consumer & Industrial.
GE in China
GE started doing business in China as early as 1906 and was consideredone of the most active foreign companies in the country at the time. In1908, the first GE light plant was built in Shenyang. GE acquiredAnderson, Meyer & Co. in 1934 and started to provide installationand repair services of imported electric equipment in China. GE resumedtrade with People’s Republic of China in 1979. It opened GE HangweiMedical Systems Co., Ltd in Beijing, which is its first joint venture inChina in 1991.
All of GE’s industrial businesses have set up operations and establishedover 50 legal entities in China with more than 12,000 employees. Itsfinancial services sector is also seeking business opportunities as WTOopened China market.
The sales revenue of GE in China is $4.64 billion in 2008.
Besides business commitments, GE continues to act as a responsiblecorporate citizen in China. In 2008 alone, over 3,200 GE Volunteers inGreater China had led over 190 community projects, contributing over22,000 volunteer hours, servicing communities in 18 different locationsacross Greater China (Beijing, Changzhou, Chongqing, Deyang, Guangzhou,Hangzhou, Hong Kong, Taiwan, Mianzhu, Nanjing, Qinhuangdao, Shanghai,Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Wuxi), focusing oneducation, healthcare, elderly care, environment, and human services.