Elettronica
Hisense Soars in Brand Value, Aims to Achieve $47 Billion Revenue by 2025
"Hisense's globalization must be a comprehensive one of product development, manufacturing, branding and marketing," said Jia Shaoqian, President of Hisense Group.
Hisense started its overseas trade in 1985, and formally established a South African company in 1996 to build its first overseas production base. To date, Hisense has 90,000 employees in 54 companies worldwide, with 16 R&D centres and 16 production bases. From cutting-edge technology innovation to localized product design, Hisense gradually accelerates the localization and globalization process by continuously strengthening the construction of brand.
Acquiring well-known local brands is a major part in Hisense's globalization strategy, which is challenging for Hisense's cross-cultural management capabilities. Taking the acquisition of Toshiba Visual Solutions Corporation ("TVS") as an example, Hisense has adopted the principle of localized management. All departmental positions are managed by Japanese managers, and deputy positions are appointed from headquarters, which also positively stimulates the vitality of the workforce.
Hisense has also won recognition for contributing to local communities. Hisense Appliance Industrial Park Project in South Africa was a remarkable case mentioned by UNOSSC, as Hisense has not only driven the sustainable development of the local manufacturing industry but also creating job opportunities, successfully increased financial and social development in South Africa .
In terms of brand building, Hisense insists on building Sport IP, uses sports as a linkage to consumers to enhance emotional communication. Since 2016, Hisense has sponsored top events such as Euro 2020 and the FIFA World Cup. Also, Hisense has accelerated its globalization and brand rejuvenation and achieved a significant increase in its market share and brand equity by joining hands with global football club PSG and esports organization FNATIC.
Currently, Hisense has evolved from a TV manufacturer to a Multi-scenario display solution system provider. In addition to the home appliance industry, Hisense is also developing smart healthcare, smart cities and smart living to build the most trusted and valuable brand in the world.
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