Midea Group is a world’s leading technologies group in consumer appliances, HVAC systems, robotics and industrial automation systems, and smart supply chain solutions.

Founded in 1968 in Guangdong, China, Midea has now established a global platform of more than 200 subsidiaries, over 60 overseas branches and 12 strategic business units, as well as being the majority shareholder of KUKA (95% shareholding).

The sales revenue of Midea was RMB 124.96 billion in the first half year of 2017, and the net profit is RMB 11.55 billion. Midea has hundreds of millions of consumers, major customers in different areas, strategic partners worldwide, and about 130,000 employees in total. Midea is listed on the Shenzhen Stock Exchange (000333) and has a diversified investor portfolio with approximately 20% of shares held by international institutional investors.

In 2016, Midea Group became the first China-based appliances manufacturer to enter the Fortune Global 500 along with the high-profile acquisitions of the world-class German manufacturing company and pioneer in robotics and automation technology KUKA, the Italian maker of air conditions Clivet, American vacuum cleaner brand Eureka and Toshiba’s Home Appliance business.

Midea Headquarter

This year Midea Group turns 50, but as it reaches middle age it must keep embracing new approaches and new technology to stay young at heart. Even more important than being huge is being innovative. In 2017 Midea was named by Clarivate Analytics as one of China’s 100 most innovative companies joining Huawei, Alibaba and Tencent. Clarivate, formerly the IP & Science business of Thomson Reuters, recognizes excellence in innovation, technology, and intellectual property.

Midea is committed to improving lives by adhering to the principle of “Creating Value for Customers”. Midea focuses on continuous technological innovation to improve products and services, and to make life more comfortable and pleasant.