Viomi Technology Co (VIOT) has released an update.
Viomi Technology Co., a leader in home water solutions, has successfully completed the divestment of certain IoT@Home businesses to sharpen its focus on utilizing AI technology for improving drinking water solutions globally. The strategic move, stemming from the company’s ‘Focus’ strategy, aims to leverage their Water Purifier Gigafactory to enhance their presence in overseas markets and drive sustainable financial growth. This reorganization is seen as a key step towards achieving Viomi’s vision of ‘Global Water’ and delivering shareholder value.
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