Spitting on Siemens range hoods, Dong Mingzhu said that Gree has no loans, and listed companies do not rely on circle money to develop

(Photo/Visual China)

News on October 15, a video came out on social media today, which showed that Dong Mingzhu openly "complained" about the Siemens range hood when attending a forum: "As soon as the door is opened, you know what is being done at home."

As a large state-owned home appliance company, Gree currently has a number of range hoods for sale, and their prices on the e-commerce platform range from 1599-5699 yuan. It is worth mentioning that in response to the problem of difficult cleaning of range hoods, Gree has launched a net cloud star range hood known as "6 years of no cleaning in the inner cavity" in 2019. Germany Siemens production of a variety of range hoods as a whole and Gree products are in a very similar price range, is the gree range hood of the competitors, this time Dong Mingzhu's "spit", on the social platform there are also netizens questioned that there is a suspicion of cracking down on competitors.

Dong Mingzhu also said at the China Manufacturing Leaders Summit today that some listed companies hope that the stock price will rise to get more loans from banks, but Gree Electric Appliances has no bank loans, and Gree has only raised 5 billion yuan from the stock market since its listing, but has paid 100 billion yuan in dividends. Dong Mingzhu said: "This is the responsibility of a listed company, and listed companies do not rely on money to develop, but rely on their own innovation and technology to develop. (Text| AI Finance and Economics Intern Zhang Li, Editor| Yang Jie)