Midea Group Co., Ltd. (SHE: 000333) is a Chinese home appliance and electronics manufacturer headquartered in Foshan, Guangdong. Founded in 1968 by He Xiangjian as a bottle lid production workshop, Midea has grown to become one of the world's largest producers of consumer appliances and air conditioning systems. The company reported annual revenue of over USD 70 billion in 2023.
Midea offers a comprehensive range of products including:
Air conditioners and air treatment devices
Refrigerators and freezers
Washing machines and dryers
Kitchen appliances like ovens, cooktops, and dishwashers
Small appliances such as blenders, coffee makers, and air fryers
The company is known for integrating smart technologies into its appliances. Many Midea products feature Wi-Fi connectivity, remote control capabilities, and AI-powered functionalities to enhance user convenience. Midea has also been investing in robotics and automation solutions for industrial applications.
In September 2024, Midea completed a secondary listing on the Hong Kong Stock Exchange, raising approximately USD 4.6 billion. The company continues to expand globally through acquisitions and partnerships, with operations in over 195 countries. Midea has emphasized innovation, with R&D investments exceeding USD 5.4 billion from 2021 to 2023. The company aims to further develop its smart home ecosystem and advance sustainability initiatives in its products and manufacturing processes.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.