Haier makes SAIF choice for $52m fund

Sep 23, 2014 • Joanne Faulkner

Haier Group and SAIF Partners have launched the Qingdao Haier SAIF Smart Home Industry Center fund, which will invest in smart home product developers.

China-based electronics manufacturer Haier Group has formed a RMB 320m ($52.1m) investment fund in partnership with private equity firm SAIF Partners, China Money Network reported on Friday.

The fund, called Qingdao Haier SAIF Smart Home Industry Center, is being established by Haier Group, SAIF Partners and three individual investors, and will invest in smart home products and services in China, which Haier sees as a key strategic growth opportunity going forward.

Haier Group will invest $32m in the fund, equating…

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