If not because of the development of sweeping robot (18.250, -0.12, -0.65%) are becoming famous, Ecovacs robot Limited by Share Ltd (hereinafter referred to as “Ecovacs”) will also continue to do OEM for PHILPS, Matsushita, Electrolux these foreign brands in the field of cleaner is unknown to the public.

In the domestic market is now sweeping robot, Ecovacs’s best selling products. According to the monitoring data of third party agencies in the PRC, market research, since 2013-2015, Ecovacs sweeping robot products online and offline channels of the market share in the domestic market share in the first place, far more than PHILPS, Matsushita and other brands. With the sweeping robot and other products in the market demand, Ecovacs also completed a cleaner factory to sweeping robot leading counter attack.

In December 22, 2017, Ecovacs filed a new prospectus, to be in the Shanghai Stock Exchange public offering of not more than 40 million 100 thousand shares (the proportion of the total issued share capital of not less than 10%), to raise about 912 million yuan.

From the factory to the sweeping robot leading

Ecovacs is the predecessor of taiyikai electric appliance (Suzhou) Co., Ltd. (hereinafter referred to as “Suzhou taiyikai”), founded in 1998, started for foreign manufacturers OEM production of vacuum cleaners.

Public data shows, Ecovacs’s actual control of man-made money tonki. Qian Dongqi through the leading investment indirectly holds a 46.80% stake in the company, at the same time, holds a 11.70% stake in the company through a sleeve indirect investment, a total of 58.50% of the shares held by the company. The 60 year old Qian Dongqi, the Department of the Department of philosophy of Nanjing University master.  Before setting up Ecovacs, former general manager of Limited Hong Kong Company TEK.

And as many OEM China taiyikai factory, Suzhou did not start its own brand. The turning point occurred in 2000. An interview with the media, Qian Dongqi has said publicly that he was at the time, noticed a robot soccer news, so Lenovo to robot can also help people to sweep the floor. So, in the foundry industry, he set up a small team in the company, specializing in the development of sweeping robot.

“I’m not too willing to do OEM company has simple, although it is still profitable. I think, or to do a bit of technical content of things.” Qian Dongqi once explained the case because of its own R & D products.