Within the domestic market, the Group has been expanding its operations in Jiangsu, Shanghai, Zhejiang, Guangdong and Bohai Rim in domestic market. Geographic expansion aims to tap into huge markets with potential customers from difference regions. Through such expansions, The Group aims to open market in previously untouched regions and achieve economy of scale by lowering our material and transportation costs. The Group has also tap on RPC government plan of “Made in China 2025” to grow its domestic market.
Regarding the international market, we are strongly encouraged by PRC government plan of “Go Global” and “The Belt and Road” strategy in 2015 and thus provide better financial services and information services to firms investing abroad. As a result, the Group is expected to get more government support and to tap on its domestic customers for its international expansion plans.
At the same time, Chinese home appliances and electronics are gaining increasing traction among European consumers because of the price advantage and product innovation.
Hence, moving forward, the Group intends to leverage on these favourable trends by continuously innovating and enhancing its product offerings to capture the domestic market and emerging international market.