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Lu Weibing Not Concerned About Price Wars as Xiaomi's Rapid Growth Has Just Begun
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Regarding future growth expectations of XIAOMI-W (01810.HK), President Lu Weibing stated during the earnings call that today marks the beginning of this round of rapid growth for the company. Xiaomi's air conditioner business aims to become one of the top players in the Chinese market by 2030, benchmarking itself against leading global brands, Lu noted. As for this year, its goal is to rank among the top three in China's retail market. Lu also stressed that Xiaomi has never been concerned about price wars as behind them lies a battle of cost and efficiency. AAStocks Financial News |
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