Some people are discussing Dreame, even comparing it to Elon Musk. While we live in an era of internet traffic, a company that can't create differentiated products will only be a burden no matter how many sectors it enters.
Musk has done so much, but he's completely differentiated himself within his industry. He wanted to make phones a long time ago, but he found he couldn't create a differentiated product, or perhaps Apple was too dominant in the past. This is Musk's business mindset.
Therefore, the two are fundamentally different. Moreover, the domestic market is extremely competitive with similar products, with many companies already in their death phase. For manufacturing, the combination of internet traffic and fierce competition is only temporary.
I feel Dreame has a bit of that "old-school" vibe, like Luo Yonghao (a famous Chinese businessman known for his outdated ideas). I refuse to communicate with old-school people. It's the same in the cryptocurrency world and in investing; I prefer younger people with younger mindsets.
Don't envy Musk. Musk's products disrupt entire industries; that absolute differentiation is the foundation of his global leadership.
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