Dong Mingzhu (Chinese: 董明珠; pinyin: Dǒng Míngzhū; born 1954) is a Chinese businesswoman who serves as Chairwoman of Gree Electric.[1]

Dong Mingzhu
Dong Mingzhu (cropped).JPG
Native name
董明珠
ResidenceZhuhai, China
NationalityChinese
OccupationChairwoman of Gree Electric
Children1 son [1]

Early lifeEdit

Dong was born the youngest of seven children in a working-class family. When she was a child, she wanted to be a soldier.[2] Dong graduated from a specialized institute in Wuhu, city in Anhui province in 1975, with a degree in Statistics. After graduation, Dong got an administrative job at local government chemistry laboratory in Nanjing for 15 years.[2][3]

CareerEdit

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 Zhuhai in Guangdong province and to find a new job.[citation needed]

Joining Haley (Gree Electric's predecessor) as a salesperson, she made her mark from the start, recovering massive debts in a little over one month. By 1994, Dong was made head of sales, where she upgraded sales process. By the time Gree Electric went public in 1996, Dong was deputy president, and later company president in 2001.[4] In 2012, she gained the position of Gree Electric's chairwoman as well. She was also the chairwoman of Gree Electric's parent company Gree Group until November 2016.

During her tenure, Dong developed Gree Electric into the world's largest household air conditioning unit maker, and China's largest household appliance maker (generating a record breaking 140 billion Yuan revenue in 2014). Gree Electric's sales shifted from traditional to online, contributing significantly to the company's 2014 record breaking revenue.[5] Gree Electric's company stock has risen 2300% during her stay.[6] 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.[4][6][7]

In January 2019, she was reelected chairwoman of Gree Electric.[8] 2 months later, 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.[9]

Dong has displayed a strong nationalistic streak over the year, and has been a member of the 10th, 11th, and 12th National People's Congress.[4] She is a member of the China Democratic National Construction Association, as well as a member of the 10th Executive Committee of All-china Women's Federation.[2] Dong currently holds senior positions in a dozen industry, women's and charity organizations, and has taught university business classes.[4]

PrizesEdit

  • 2015: 4th most powerful woman in Asia-Pacific by Fortune magazine[6]
  • 2014,2015: Most Influential Chinese Businesswomen by Fortune magazine[5]
  • 2013: "Woman in the Mix" for business by Forbes Asia[10]
  • 2006: "Magnificent 10" economic leaders in China[4]

Personal lifeEdit

Dong married soon after graduating from university, but was widowed when her son turned two-year-old.[4] She never remarried.[2] The New York Times called her "one of the toughest businesswomen in China."[2]

Published workEdit

ReferencesEdit

  1. ^ a b "Dong Mingzhu". Forbes. Forbes. Retrieved 12 August 2016.
  2. ^ a b c d e Tatlow, Didi Kristen. "Setting the Pace With Toughness". The New York Times. Retrieved 5 March 2013.
  3. ^ Ren, Daniel (23 December 2014). "Succeeding by Degrees". South China Morning Post. South China Morning Post. Retrieved 12 August 2016.
  4. ^ a b c d e f "Dong Mingzhu: A Powerful Self-made Chinese Businesswoman". Brand International. Brand International. Retrieved 12 August 2016.
  5. ^ a b Borromeo, EL (21 November 2015). "Gree's Dong Mingzhu Top's Fortune's Most Influential Businesswomen in China". Yibada. Yibada. Retrieved 12 August 2016.
  6. ^ a b c "MPW Asia-Pacific 2015". Fortune. Fortune. Retrieved 12 August 2016.
  7. ^ Scott, Mary E. (6 April 2016). "Asia Power Women 2016". Forbes. Forbes. Retrieved 12 August 2016.
  8. ^ Tan Xinyu (17 January 2019). "Dong Mingzhu reelected as Gree head". China Daily. Retrieved 13 June 2019.
  9. ^ Cissy Zhou (15 March 2019). "China's home appliance queen Dong Mingzhu backs ambitious Gree Electric target, plays down trade war". South China Morning Post. Retrieved 13 June 2019.
  10. ^ "Asia's Women In The Mix, 2013: The Year's Top 50 for Achievement In Business". Forbes. Retrieved 5 March 2013.
  11. ^ "Dong Mingzhu". Asia's 50 Power Businesswomen. Forbes. Retrieved 5 March 2013.
  12. ^ "Dong Mingzhu". Executives in Technology. Retrieved 13 June 2019.
  13. ^ Coonan, Clifford. "The house that Sister Dong built". Business. The National (Abu Dhabi). Retrieved 5 March 2013.

External linksEdit