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Midea Chair & President: Company To Make Unprecedented Investment in Global Breakthroughs
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At MIDEA GROUP (00300.HK)(000333.SZ)'s 2025 Management Conference, the Chairman and President Fang Hongbo delivered a keynote speech, themed "Set Out in the Wind and Rain to Write a New Story". He disclosed that MIDEA GROUP will in 2025 promote growth with streamlining, where non-core businesses will be shut down, with focus rotated to the core businesses and the core categories, while strictly controlling access of new product categories. In parallel, the company should make unprecedented investment in global breakthroughs, he viewed. MIDEA GROUP will not only engage in global businesses, but will also deploy globalization of core resources, such as R&D, manufacturing, supply chain and human resources. The company will become a truly global enterprise by enhancing its global R&D capabilities, attracting quality suppliers to expand overseas, and increasing its M&A and marketing efforts. AAStocks Financial News |
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