Gree Electric Appliances Inc. of Zhuhai was founded in 1991. It is an international air conditioning enterprise which has integrated R&D, manufacturing, marketing and service. It takes “Master of Core Technology as the business concept and “To build a centenary enterprise” as the development target. It is leading the industry with its excellent product quality, advanced technologies and unique sales mode. In 2012, Gree became the first listed electrical appliances enterprise in China with sales revenue over 100 billion yuan (about 16 billion USD). On April 27, 2015, Gree released its 2014 performance report, which shows that it has achieved sales revenue of 140.005 billion yuan (about 22.9 billion USD) in 2014 with net profit of 14.155 billion yuan (about 2.32 billion USD), an increase of 16.63% and 30.22% respectively compared with the same period of 2013. In 2014, Gree Online Mall was launched officially. Gree is the only one manufacturer in Chinese HVAC industry that is honored as a “World Brand. Its business spreads to more than 160 countries and regions. Today Gree’s annual production capacity of RAC and CAC are more than 60 million sets and 5.5 million sets respectively. Since 2005, Gree has topped No.1 in production and sales.