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Chinese Electric Accessories Behemothic Slams Xiaomi as a 'Swindler'

Posted by Jerry Hannan Sunday, December 21, 2014
Chinese Electric Accessories Behemothic Slams Xiaomi as a 'Swindler'

Dong Mingzhu, admiral of Gree Electric Accessories Inc, who is accepted as an abrupt changeable administrator in China, became bent afterwards acquirements that Xiaomi bought shares in Gree's above adversary Midea aftermost week.

"Two swindlers alive calm makes into a artifice group," Dong told Chinese media on Monday.

"But I am not worried. If one day you [Midea and Xiaomi] own added patents than me, or the qualities of your articles are bigger than mine, I will feel afraid and try to accomplish changes to myself," she said.


Chinese smartphone maker Xiaomi on Sunday appear a 1.26 billion yuan ($204 million) allotment acquirement in Midea, a accord aimed at advocacy its attendance in the bazaar for internet-connected home electronics on gadgets in pakistan.

A Guangdong-based architect that produces a ambit of home appliances, including air conditioners, fridges, and kitchen appliances, which awful accompany with Gree's artefact lines, is one of the above competitors to Gree in the Chinese market.

Dong accused the two arch Chinese manufacturers of actuality "swindlers" on the arena that several of Midea's air conditioners accept illegally utilised Gree's patents, and Midea was ordered by a Chinese cloister to atone Gree as abundant as 2 actor yuan ($323,000) for the infringement.

India's ban on Xiaomi's account buzz sales in the technology gadgets in pakistan due to an bookish acreage affair with Swedish telecommunications close Ericsson additionally backed Dong's accusation, according to the Chinese report.


"Of course, I achievement Xiaomi, a Chinese company, is able to aggrandize its business alfresco China. But unfortunately, it was blacklisted immediately, as it steals others' patents. How appear a absconder calls himself [his firm] a 'great company'? I wouldn't alike go that far," Dong said.

Responding to Dong's criticism, Xiaomi's architect Lei Jun said Dong has befuddled in the anhydrate in a 1 billion yuan bet ($162 million) amid the two firms.

In December 2013, Gree's Dong fabricated an articulate bet with Xiaomi's Lei, wagering that the closing is clumsy to bolt up with her close in about-face for the afterward bristles years. The accident affair will cede 1 billion yuan to the other, according to the agreement.

Another Chinese letters appear that the Xiaomi's about-face is about 30 billion yuan in 2013, a division of Gree's 120 billion yuan for the aforementioned year. But this year technology gadgets in pakistan, Xiaomi is accepted to accomplish 80 billion yuan in sales, compared to a projected 140 billion yuan from Gree this year.

Chinese Electric Accessories Behemothic Slams Xiaomi as a 'Swindler'

Dong Mingzhu, admiral of Gree Electric Accessories Inc, who is accepted as an abrupt changeable administrator in China, became bent afterwards acquirements that Xiaomi bought shares in Gree's above adversary Midea aftermost week.

"Two swindlers alive calm makes into a artifice group," Dong told Chinese media on Monday.

"But I am not worried. If one day you [Midea and Xiaomi] own added patents than me, or the qualities of your articles are bigger than mine, I will feel afraid and try to accomplish changes to myself," she said.


Chinese smartphone maker Xiaomi on Sunday appear a 1.26 billion yuan ($204 million) allotment acquirement in Midea, a accord aimed at advocacy its attendance in the bazaar for internet-connected home electronics on gadgets in pakistan.

A Guangdong-based architect that produces a ambit of home appliances, including air conditioners, fridges, and kitchen appliances, which awful accompany with Gree's artefact lines, is one of the above competitors to Gree in the Chinese market.

Dong accused the two arch Chinese manufacturers of actuality "swindlers" on the arena that several of Midea's air conditioners accept illegally utilised Gree's patents, and Midea was ordered by a Chinese cloister to atone Gree as abundant as 2 actor yuan ($323,000) for the infringement.

India's ban on Xiaomi's account buzz sales in the technology gadgets in pakistan due to an bookish acreage affair with Swedish telecommunications close Ericsson additionally backed Dong's accusation, according to the Chinese report.


"Of course, I achievement Xiaomi, a Chinese company, is able to aggrandize its business alfresco China. But unfortunately, it was blacklisted immediately, as it steals others' patents. How appear a absconder calls himself [his firm] a 'great company'? I wouldn't alike go that far," Dong said.

Responding to Dong's criticism, Xiaomi's architect Lei Jun said Dong has befuddled in the anhydrate in a 1 billion yuan bet ($162 million) amid the two firms.

In December 2013, Gree's Dong fabricated an articulate bet with Xiaomi's Lei, wagering that the closing is clumsy to bolt up with her close in about-face for the afterward bristles years. The accident affair will cede 1 billion yuan to the other, according to the agreement.

Another Chinese letters appear that the Xiaomi's about-face is about 30 billion yuan in 2013, a division of Gree's 120 billion yuan for the aforementioned year. But this year technology gadgets in pakistan, Xiaomi is accepted to accomplish 80 billion yuan in sales, compared to a projected 140 billion yuan from Gree this year.

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