# China Market Share

The Chilling Wind at Gree: Divestment and Decline for China’s Air-Con Queen

Gree Electric's largest shareholder, Zhuhai Mingjun, has sold a significant stake to repay debt, amid a backdrop of declining revenue and losing market share to rivals Midea and Haier. The company is attempting to stabilize its stock through massive buybacks and high dividends despite a challenging 10% drop in annual profits.