Early Life
Mao Lixiang's early life involved working as an accountant and later, as a manager of a collective-owned radio factory in Cixi, China. This experience laid the groundwork for his future entrepreneurial endeavors. He was born in 1942.
Rise to Success
Mao Lixiang founded Fotile in 1996. Fotile focused on innovation, quality, and design, aiming to create a premium domestic brand to rival international companies. The company's strategy of focusing on research and development allowed it to produce a wide array of products designed specifically for the needs of Chinese cooking.
Key Business Strategies
Fotile's success is largely due to its focus on high-end kitchen appliances and a commitment to innovation, quality, and design. The company has also been successful in succession planning. Mao Lixiang’s son, Mao Zhongchun, abandoned his PhD plans in the US to join the family business and contribute to its success.
Philanthropy
Information regarding the exact amounts of Mao Lixiang's philanthropy is unavailable.