In this regard,MilletPan Jiutang, a member of the Industry Investment Department and partner, said on Weibo that Xiaomi is a beneficiary of China's manufacturing and a contributor. Xiaomi has benefited from excellent Chinese manufacturing partners such as Foxconn, BYD, TCL Huaxing Optoelectronics and Changhong. On the other hand, Xiaomi methodology such as user participation/product definition/explosive strategy/triathlon/model innovation has been adopted by many peers. The rise of local brands. In the past 5 years,Gree/Come and many other Chinese brands have achieved rapid growth and are win-win.
On April 28, 2019, Xiaomi and Gree successively announced the 2018 financial report. Among them, Xiaomi's annual revenue was 194.9 billion yuan, and Gree was 200 billion yuan. Dong Mingzhu won the five-year contract.