Jia Shaoqian, chairman of Hisense, said the company has set up 26 R&D centers, 36 industrial parks and production bases and 64 overseas branches across the globe. Jia said the company has established a complete industrial system, including R&D, production, sales, supply chain and services, while making forays into overseas markets, in order to better serve local markets and consumers. Hisense's revenue reached 202.2 billion yuan ($28.6 billion) in 2023, while its overseas sales stood at 85.8 billion yuan, accounting for more than 42.5 percent of the company's total revenue. "Over the past three decades, Hisense has deeply integrated with African enterprises within the continent's industrial and supply chains," Jia said. For instance, the company signed an agreement with local partners to establish a new factory in Egypt in August.

Source: The North Africa Journal October 15, 2024 02:28 UTC