Starting from the core needs of the market and persisting in the creation of excellent products is a fundamental principle. It was a great pleasure to have just concluded the FOSUN INTL 2026 Annual Meeting in Sanya, where I met with our elite teams from around the world. Over two days of meetings, we collectively reviewed the past and discussed the future. Reflecting on this journey, one key insight stands out: as long as a product is of sufficiently high quality, there will always be a market for it!
Our invested company, Jinduoduo, particularly impressed me this time. Their small candies have captivated consumers with their refreshing taste and thoughtful design; within these modest products lies significant craftsmanship, leading to remarkably rapid growth. Furthermore, Sanyuan's Beijing Fresh Milk, produced daily from 100% self-owned milk sources, exemplifies the pinnacle of freshness. Shede's 29° Zizai liquor goes without saying—its low-alcohol innovation successfully preserves the classic aged flavor, earning unanimous praise and enthusiastic toasts from our global partners at the annual meeting.
Staying at the Atlantis Hotel during the event, I noticed a clear stabilization in both occupancy rates and average room rates compared to last year. Our newly opened Super Mediterranean project nearby is also experiencing robust sales. This demonstrates a crucial truth: no matter how rational or competitive the consumer market becomes, people are always willing to pay for superior products. The most solid foundation for any business is to focus intently on creating products that truly resonate with users. This is the product philosophy that FOSUN INTL has always adhered to!
Comments