Polaroid (called Polaroid in Taiwan Province Province) was founded by edwin land and George Wilwhite in 1937. In the early days, he mainly produced sunglasses and invented other optical technologies. After World War II, he turned to photographic equipment. 200 1, Polaroid declared bankruptcy. In 2005, the company was acquired by Peeters Global Group, a Minnesota enterprise. In February 2008, Polaroid announced that it would stop producing negative films and develop digital camera business instead. In June of the same year, the agency right of Polaroid Greater China was taken back by Polaroid Asia Pacific. On New Year's Day, 20 10, Polaroid Hong Kong office resumed its business at its current site located in the east of Taikoo Shing Road, Hong Kong.