
Core Viewpoint - The recent live-streaming collaboration between Gree Electric's chairman Dong Mingzhu and former secretary Meng Yutong is seen as a strategic move to attract younger consumers and boost sales amid increasing competition in the home appliance market [1][3][16]. Group 1: Live Streaming and Sales Performance - The live-streaming event on May 23 attracted 298.7 million viewers and received 638,000 likes, indicating significant public interest [1][3]. - In the past 30 days, the Gree Mingzhu Selection Douyin account generated sales between 25 million to 50 million yuan, with a fan increase of 10,000 [3]. - The account's follower count has remained stagnant over the past two years, highlighting the need for sustained engagement strategies [6][14]. Group 2: Meng Yutong's Role and Impact - Meng Yutong, who previously served as Dong Mingzhu's secretary, was a key figure in Gree's transition to new retail, significantly boosting the brand's visibility [5][6]. - After Meng's departure in May 2023, the Gree Mingzhu Selection account saw no significant growth in followers, underscoring her influence [6][12]. - Meng's return is expected to help Gree attract younger consumers, as her social media presence is strong among young female audiences [12][16]. Group 3: Market Competition and Challenges - Gree faces intense competition from companies like Xiaomi and Midea, which have been aggressive in pricing and targeting younger demographics [15][16]. - Gree's market share in online air conditioning sales is 24.74%, trailing behind Midea's 25.54%, indicating a need for strategic adjustments [14][15]. - The overall air conditioning market is under pressure, with a slight increase in sales volume but challenges in maintaining growth due to high competition and pricing strategies [15][16]. Group 4: Future Strategies - Gree plans to enhance its digital marketing and product innovation to better engage with consumers and address their needs [16]. - The company is also exploring collaborations with influencers and other platforms to increase its market presence during key sales events like the "6.18" promotion [9][16]. - Dong Mingzhu's leadership and the renewed partnership with Meng Yutong are seen as pivotal in revitalizing Gree's brand image and sales strategy [5][16].