한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

recently, midea group successfully completed its secondary listing, raising more than hk$31 billion, creating the largest ipo in hong kong stocks in the past three years.

as of the close of trading on september 24, midea's hong kong stock market value exceeded hk$530.3 billion, and its a-share market value exceeded rmb 514.4 billion. both of these ipos were led by fang hongbo, the successor of midea founder he xiangjian.

shortly after midea's revenue exceeded 100 billion yuan, he xiangjian handed over the group to fang hongbo instead of his son, with his own family serving only as major shareholders. he created a model of professional manager succession and provided a new perspective on handover for countless private enterprises.

01

the birth of a home appliance giant

many people may not know shunde, but they must know midea group. it was here that he xiangjian created the largest home appliance brand in china.

he xiangjian was born in shunde, guangdong in 1942. he was from a poor family and dropped out of school to work as a farmer after graduating from primary school. he worked as an apprentice, worker, and cashier in a factory. because he was smart and down-to-earth, he was promoted to a street cadre in beijiao commune.

the subdistrict office was responsible for solving employment problems for the masses, but there were few enterprises at the time. the 26-year-old he xiangjian bravely entered the "gray area" and organized villagers to raise 5,000 yuan to establish the "beijiao subdistrict office plastic production group", which mainly produced plastic bottle caps, and started his entrepreneurial journey.

in order to ensure that everyone had enough food to eat, he xiangjian took the train all year round and traveled all over the country to sell bottle caps, which also enabled him to develop a keen sense of the market.his business logic is very simple: if the market lacks something, he will find a way to produce it as long as he can make money.