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LONDON, May 20, 2021 /PRNewswire=KYODO JBN/ --

Kantar and Google recently launched the "2021 Top 50 BrandZ Chinese Global

Brand Builders Ranking Report". In a survey of consumer habits over 860,000

global consumers, Hisense has secured No. 7 on the list and ranked No. 1 in the

home appliance industry, maintaining in the Top 10 brands for 5 consecutive

years. In "Top 20 Chinese Star Brands in Emerging Markets", Hisense ranked No.

8 and No. 1 in the home appliance industry.

Although impacted by the pandemic, Hisense continued brand-building investment

to grow business overseas. In 2020, Hisense's overseas revenue was $7.93

billion, accounted for nearly 40% of the total revenue, and the YOY growth was

18.2%. Data for the first quarter of 2021 shows that Hisense's overseas revenue

share has exceeded 42%. According to Hisense's globalization strategy goal,

Hisense aims to achieve $47 billion revenue by 2025, with overseas markets

accounting for 50% of the total.

"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.

SOURCE:  Hisense

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   Caption: Hisense ranked No.7 in BrandZ TOP 50 Chinese Global Brand Builders 2021

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   Caption: Hisense ranked No.8 in BrandZ TOP 20 Chinese Brand Stars 2021

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   Caption: Hisense sponsored EURO 2016 and EURO 2020 consecutively