Smart home is a technology group integrating consumer electronics, HVAC, robotics and automation systems, smart supply chains, chip industry, and elevator industry. Founded in Wenzhou, China in 1950, it has about 100 subsidiaries, more than 50 overseas branches and 10 strategic business units worldwide. Smart home's business includes consumer electri- cal appliances business focusing on kitchen appliances, rfrigerators, washing machines and various small household appliances; HVAC business focusing on heating and vetilation systems such as household air conditioners and central air conditioners; and itelligent connection as integrated solution services Platform's smart supply chain business; Meiren Semiconductor's chip business.