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Dong Mingzhu
Dong Mingzhu (Chinese: 董明珠; pinyin: Dǒng Míngzhū; born August 1954) is a Chinese businesswoman who serves as Chairwoman and President of Gree Electric.
Dong Mingzhu was born the youngest of seven children in a working-class family in Nanjing, capital of east China's Jiangsu province, in August 1954. When she was a child, she wanted to be a soldier. Dong graduated from a specialized institute in Wuhu, Anhui in 1975, with a degree in Statistics. After graduation, Dong got an administrative job at local government chemistry laboratory in Nanjing for 15 years.
In 1990, at age 36, recently widowed Dong left her three-year-old son to his grandmother and quit her job at the government research facility in order to move to the more economically developed Shenzhen in Guangdong province and to find a new job, but moved to Zhuhai soon.
Joining Haley (Gree Electric's predecessor) as a salesperson, she worked for four years as an air-conditioner saleswoman. "Sent to a poor province, Anhui, she produced one-eighth of Gree’s annual sales, catching the attention of Zhu Jianghong, Gree’s first general manager, now chairman of the board." By 1994, she was become the company's head of sales; by 1996, its deputy president; by 2001, its president; and by 2012, it's chairwoman.
According to the New York Times, "Gree had income in the first three quarters of 2010 of 44.3 billion renminbi, or $6.7 billion, and net profit of 2.9 billion renminbi." According to Fortune, "Gree Electric's company stock has risen 2300% during her stay and Dong has become a legend in China." Under her leadership, Gree Electric developed solar energy, China's smartphone market, robotic technology, recycled treatment centers nationwide, and acquired electric car maker Yinlong in March 2016.
In March 2019, she applied a cut on value-added taxes to reach more competitive prices and aim for an aggressive international development despite the US-China trade war going on.
In 2021, Fortune ranked Dong the seventh most powerful international women in the world.
According to Forbes, "Fiscal 2023 was Gree's best year to date, with profits of $4.1 billion, which it attributed to innovation efforts. In its first-ever ESG report, Gree said it owns 44 "internationally leading" technologies, of which 41 are related to green energy."
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Dong Mingzhu
Dong Mingzhu (Chinese: 董明珠; pinyin: Dǒng Míngzhū; born August 1954) is a Chinese businesswoman who serves as Chairwoman and President of Gree Electric.
Dong Mingzhu was born the youngest of seven children in a working-class family in Nanjing, capital of east China's Jiangsu province, in August 1954. When she was a child, she wanted to be a soldier. Dong graduated from a specialized institute in Wuhu, Anhui in 1975, with a degree in Statistics. After graduation, Dong got an administrative job at local government chemistry laboratory in Nanjing for 15 years.
In 1990, at age 36, recently widowed Dong left her three-year-old son to his grandmother and quit her job at the government research facility in order to move to the more economically developed Shenzhen in Guangdong province and to find a new job, but moved to Zhuhai soon.
Joining Haley (Gree Electric's predecessor) as a salesperson, she worked for four years as an air-conditioner saleswoman. "Sent to a poor province, Anhui, she produced one-eighth of Gree’s annual sales, catching the attention of Zhu Jianghong, Gree’s first general manager, now chairman of the board." By 1994, she was become the company's head of sales; by 1996, its deputy president; by 2001, its president; and by 2012, it's chairwoman.
According to the New York Times, "Gree had income in the first three quarters of 2010 of 44.3 billion renminbi, or $6.7 billion, and net profit of 2.9 billion renminbi." According to Fortune, "Gree Electric's company stock has risen 2300% during her stay and Dong has become a legend in China." Under her leadership, Gree Electric developed solar energy, China's smartphone market, robotic technology, recycled treatment centers nationwide, and acquired electric car maker Yinlong in March 2016.
In March 2019, she applied a cut on value-added taxes to reach more competitive prices and aim for an aggressive international development despite the US-China trade war going on.
In 2021, Fortune ranked Dong the seventh most powerful international women in the world.
According to Forbes, "Fiscal 2023 was Gree's best year to date, with profits of $4.1 billion, which it attributed to innovation efforts. In its first-ever ESG report, Gree said it owns 44 "internationally leading" technologies, of which 41 are related to green energy."
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