Philips, founded in 1891 in the Netherlands, the main production of lighting, home appliances, medical systems products. Philips, in 2007, the global staff has reached 128,100 people, in 28 countries around the world with production bases, in 150 countries with sales organizations, with 80,000 patents, the strength of the group. 2011 July 11, Philips announced the acquisition of Pentium Electrical Appliances (Shanghai) Company Limited, the amount of about 2.5 billion yuan. 2011 October 17, Philips Electronics released its third quarterly Financial results, the third quarter net profit fell 85.9% year-on-year; announced at the same time, Philips will lay off 4,500 people worldwide. 2013 at the end of January, Philips consumer electronics business has been fully divested, and will focus on quality of life, medical and lighting equipment industry.