Midea's Fang Hongbo: 95% of overtime work is mere formalism.

Today, Li Bin posted a conversation with Midea's Chairman Fang Hongbo on his personal Weibo. When discussing corporate Operation, Li Bin stated: "I have also said within the company, do not report with PPTs, sometimes you can bring documents, just bring the reports, and talk directly, there’s no need for all those formalistic things." Fang Hongbo expressed: "Whether to use PPT, whether to work overtime or hold meetings, this is actually a symbol; more than 95% of overtime is formalistic. Considering the changes in the current global economic environment and the market, we believe that the core this year is to promote growth through simplification." (Sina Technology)