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MIDEA GROUP: XIAOMI-W Entry into Home Appliances Mkt Good Thing; Group Keeps Learning, Responds Proactively
Recommend 20 Positive 33 Negative 13 |
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Lu Weibing, President of XIAOMI-W (01810.HK), once came to the group to give a speech, Fang Hongbo, Chairman of MIDEA GROUP (00300.HK), said. XIAOMI-W will become the world's No. 1 seller for mobile phone in 3 years, top 5 automakers in 10 years and China's leading major appliance manufacturer (top 3) in 3 years, Lu said. XIAOMI-W has entered all the fields that MIDEA GROUP has, but strategically it is not afraid of XIAOMI-W's entry into those markets, Fang added. He believed that, for a long time, the pattern of the home appliance industry is a bit solidified, and XIAOMI-W's entry into the home appliance industry is a good thing. The Group should respond with a positive attitude. Fang said that "he has just done three research reports on XIAOMI-W, totaling more than 100,000 words, studying XIAOMI-W constantly". AAStocks Financial News Website: www.aastocks.com |
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