TOPIC

/ company

Midea Group

The latest news, analysis and opinion on Midea Group. In-depth analysis, industry insights and expert opinion.

Chairman / President

Fang Hongbo

CEO / Managing Director

Fang Hongbo

CFO / Finance Director

Zhong Zheng

Industry

Home Appliances, Consumer Electronics

Website

midea.com

Headquarters address

Midea Headquarters Building, Beijiao, Shunde District, Foshan, Guangdong, China

Stock Code

SSE:000333

Year founded

1968

A humanoid robot created by China Mobile performs at the Mobile World Congress (MWC) in Barcelona. Midea is not alone among China’s traditional electric appliance makers in pivoting towards robotics and AI. Photo: EPA

Robotics

China’s Midea pledges US$8.7 billion for AI and robotics in pivot to automation

Robotics and physical AI are emerging as the next battleground for manufacturers seeking efficiency gains.

11 Mar 2026 - 10:30PM

Hong Kong stock market

Hong Kong stocks drop as mainland tech firms, metals and crypto slide

6 Feb 2026 - 5:11PM

China's economic recovery

Li Qiang calls for bold actions to lift Guangdong economy amid rising challenges

6 Jan 2026 - 2:30PM

Robotics

Chinese home appliance giant Midea unveils 6-arm robot for factory work

China is witnessing a surge of interest and strategic investment in the deployment of humanoid robots.

9 Dec 2025 - 3:11PM

The Midea booth is seen at the Canton Fair in Guangzhou, in southern China’s Guangdong province, April 15, 2025. Photo: AFP

Technology

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Studies from Vietnam to South Korea show AI adoption has not cannibalised jobs. Instead of simple mechanisation, economies are synergising.

7 Dec 2025 - 9:30AMvideocam

US-China trade war

China’s shift to higher-end exports lifts margins as US reliance shrinks: report

Since trade war began in 2018, Chinese firms have expanded their global footprint, strengthened supply chains and diversified routes, Goldman Sachs finds.

25 Oct 2025 - 6:00PMvideocam

Artificial intelligence

Guangdong pushes AI-powered growth despite looming shadow of Nexperia tensions

A new three-year plan to boost AI-driven manufacturing and foreign investment comes amid global tech-sector friction.

22 Oct 2025 - 7:00PM

Beyond AI, Guangdong is also promoting self-sufficiency in robotics. Photo: Reuters

Hong Kong stock market

Hong Kong stocks mirror Wall Street slide as gold and silver extend retreat

Traders weigh mixed signals from Donald Trump, who acknowledges potential meeting with Xi Jinping might not happen.

22 Oct 2025 - 4:44PM

Germany

Midea’s AC sales jump 35% in Europe amid heatwaves, offsetting slowdown in China

The Foshan-based appliance maker’s overseas revenue accounted for 43 per cent of its total revenue in the first half of 2025.

25 Sep 2025 - 7:30AM

Hong Kong stock market

Hong Kong stocks retreat after biggest advance in 2 weeks

A solid run among the mainland’s yuan-denominated stocks hit a snag as the CSI 300 Index and Shanghai Composite retreated.

2 Sep 2025 - 4:35PM

Women check their phones in front of an electronic sign showing the Hang Seng Index in Hong Kong on July 11, 2025. Photo: AFP

Hong Kong stock market

Pop Mart, JD Logistics and China Telecom join Hang Seng Index

No companies will be removed as the Hong Kong stock exchange’s benchmark gauge increases to 88 constituents.

22 Aug 2025 - 7:35PM

The various Hang Seng gauges are displayed on an electronic sign in Hong Kong. Photo: AFP

China trade

Europe’s scorching heatwave sees demand for Chinese air conditioners sizzle

Europeans are outpacing most of the world in embracing relatively affordable and easy-to-install China-made cooling units, customs data shows.

22 Aug 2025 - 4:00PM

China economy

Opinion | China needs to show it can compete on more than price

More companies need to follow the likes of BYD and Huawei and build brands, invest in technology and deliver differentiated products and services.

15 Aug 2025 - 9:30AMvideocam

Artificial intelligence

How open-source AI is helping China win hearts and market share

China’s free-for-all AI models, developed by firms like DeepSeek and Alibaba, present a viable alternative to US closed-source systems.

19 Jul 2025 - 10:00AM

China’s open-source AI models are competing against closed systems from the likes of Google and OpenAI. Illustration: Henry Wong

Robotics

Robot makers AgiBot, Unitree, UBTech land more orders from Chinese enterprises

A subsidiary of China Mobile has ordered US$17.3 million worth of humanoid robots from AgiBot and Unitree.

14 Jul 2025 - 8:00PM

A robot from UBTech on display at the 137th Canton Fair in Guangzhou, capital of southern Guangdong province, in April. Photo: Edmond So

Hong Kong stock market

Chinese AI stocks to extend DeepSeek-driven run, analysts say

AI to be ‘a key driver for China’s modernisation,’ Huachuang Securities says, joining Morgan Stanley, UBS and others in optimistic outlook.

10 Jul 2025 - 7:30AMvideocam

Banking & finance

Can Xiaomi disrupt the home appliance market like it did with EVs?

Despite early success at home, industry watchers caution that the company faces significant challenges in competing with established players.

8 Jul 2025 - 8:30AM

Wealth Report

Retail services is the most prominent sector for IPO listings since 2024

Consumer and retail services made up a substantial share of IPOs in the last 18 months as innovative mainland companies eye international expansion.

2 Jul 2025 - 12:45PM

Retail services has been a key sector for Hong Kong IPOs in terms of number of listings and funds raised since 2024, with Chinese bubble tea company Guming Holdings, with its Good Me stores, among the prominent deals. Photo: Handout

China technology

From Cambridge to Suzhou: a Chinese AI start-up’s journey to unicorn status

For AI Speech, swapping Britain for bustling Suzhou was key to propelling the company to a billion-dollar valuation.

28 Jun 2025 - 5:00PMvideocam

Science

Study shows how robots replaced master workers in Chinese military drone factory

Researchers in Beijing transformed a production line with a robotic arm that drilled holes twice as fast as humans, with no quality rejects.

9 Jun 2025 - 9:00PM

E-commerce

Alibaba, JD.com sales surge during 618 festival, thanks to subsidy programme

Preliminary data shows Apple, Xiaomi, Huawei, Midea and Haier each rang up sales of over US$13.9 million on the two shopping platforms.

4 Jun 2025 - 11:03AM

Preliminary sales data from this year’s 618 shopping festival shows improved domestic retail spending. Photo: Shutterstock

Robotics

Self-driving mining trucks offer a glimpse of China’s hi-tech future

A coal mine in Inner Mongolia showcases Beijing’s determination to transform traditional industries with advanced technologies.

31 May 2025 - 11:00AMvideocam

The world’s largest fleet of unmanned electric coal trucks demonstrates China’s resolve to upgrade its traditional industries. Illustration: Henry Wong

IPO

5 Chinese firms seek Hong Kong IPOs, joining fundraising flurry

Proceeds from these proposed listing plans are likely to strengthen Hong Kong’s lead in the global IPO league table.

28 May 2025 - 4:50PM

IPO

Exclusive | Hong Kong to dominate 2025 IPOs as mainland Chinese firms rush to list: UBS

As many as 30 Chinese companies poised for dual listings this year, co-head of global banking at UBS Securities says.

27 May 2025 - 7:21PM

E-commerce

Apple, Huawei, Xiaomi lead China’s top-500 ranking of consumer brands, report finds

The rankings were based on domestic consumers’ online purchase behaviour, according to a Peking University report.

22 May 2025 - 9:00PM

The rankings showed Apple with a 100-point score, while Huawei and Xiaomi notched scores of 95.3 and 95.1, respectively. Photo: Shutterstock

Hong Kong stock market

Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.

16 May 2025 - 7:55PM

People walk past an electronic board showing major Hang Seng indices in Central, Hong Kong on April 10, 2025. Photo: dpa

Robotics

Huawei, UBTech team up to bring humanoid robots to factories and homes

The partnership aims to establish smart factories, leveraging Huawei’s strengths in self-developed AI processors.

12 May 2025 - 9:59PM

Robotics

China’s UBTech, Midea push humanoid robots into factories amid push for adoption

UBTech’s Walker humanoids are headed for a car plant, while Midea plans to have its own robots in an appliance factory by next month.

28 Apr 2025 - 7:06PM

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Midea Group

China’s Midea pledges US$8.7 billion for AI and robotics in pivot to automation

Robotics and physical AI are emerging as the next battleground for manufacturers seeking efficiency gains.

Hong Kong stocks drop as mainland tech firms, metals and crypto slide

Li Qiang calls for bold actions to lift Guangdong economy amid rising challenges

Chinese home appliance giant Midea unveils 6-arm robot for factory work

China is witnessing a surge of interest and strategic investment in the deployment of humanoid robots.

.css-1pcrwvc{color:#2aa191;}Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Studies from Vietnam to South Korea show AI adoption has not cannibalised jobs. Instead of simple mechanisation, economies are synergising.

China’s shift to higher-end exports lifts margins as US reliance shrinks: report

Since trade war began in 2018, Chinese firms have expanded their global footprint, strengthened supply chains and diversified routes, Goldman Sachs finds.

Guangdong pushes AI-powered growth despite looming shadow of Nexperia tensions

A new three-year plan to boost AI-driven manufacturing and foreign investment comes amid global tech-sector friction.

Hong Kong stocks mirror Wall Street slide as gold and silver extend retreat

Traders weigh mixed signals from Donald Trump, who acknowledges potential meeting with Xi Jinping might not happen.

Midea’s AC sales jump 35% in Europe amid heatwaves, offsetting slowdown in China

The Foshan-based appliance maker’s overseas revenue accounted for 43 per cent of its total revenue in the first half of 2025.

Hong Kong stocks retreat after biggest advance in 2 weeks

A solid run among the mainland’s yuan-denominated stocks hit a snag as the CSI 300 Index and Shanghai Composite retreated.

Pop Mart, JD Logistics and China Telecom join Hang Seng Index

No companies will be removed as the Hong Kong stock exchange’s benchmark gauge increases to 88 constituents.

Europe’s scorching heatwave sees demand for Chinese air conditioners sizzle

Europeans are outpacing most of the world in embracing relatively affordable and easy-to-install China-made cooling units, customs data shows.

Opinion | China needs to show it can compete on more than price

More companies need to follow the likes of BYD and Huawei and build brands, invest in technology and deliver differentiated products and services.

How open-source AI is helping China win hearts and market share

China’s free-for-all AI models, developed by firms like DeepSeek and Alibaba, present a viable alternative to US closed-source systems.

Robot makers AgiBot, Unitree, UBTech land more orders from Chinese enterprises

A subsidiary of China Mobile has ordered US$17.3 million worth of humanoid robots from AgiBot and Unitree.

Chinese AI stocks to extend DeepSeek-driven run, analysts say

AI to be ‘a key driver for China’s modernisation,’ Huachuang Securities says, joining Morgan Stanley, UBS and others in optimistic outlook.

Can Xiaomi disrupt the home appliance market like it did with EVs?

Despite early success at home, industry watchers caution that the company faces significant challenges in competing with established players.

Retail services is the most prominent sector for IPO listings since 2024

Consumer and retail services made up a substantial share of IPOs in the last 18 months as innovative mainland companies eye international expansion.

From Cambridge to Suzhou: a Chinese AI start-up’s journey to unicorn status

For AI Speech, swapping Britain for bustling Suzhou was key to propelling the company to a billion-dollar valuation.

Study shows how robots replaced master workers in Chinese military drone factory

Researchers in Beijing transformed a production line with a robotic arm that drilled holes twice as fast as humans, with no quality rejects.

Alibaba, JD.com sales surge during 618 festival, thanks to subsidy programme

Preliminary data shows Apple, Xiaomi, Huawei, Midea and Haier each rang up sales of over US$13.9 million on the two shopping platforms.

Self-driving mining trucks offer a glimpse of China’s hi-tech future

A coal mine in Inner Mongolia showcases Beijing’s determination to transform traditional industries with advanced technologies.

5 Chinese firms seek Hong Kong IPOs, joining fundraising flurry

Proceeds from these proposed listing plans are likely to strengthen Hong Kong’s lead in the global IPO league table.

.css-19im5qg{color:#c79a00;}Exclusive | Hong Kong to dominate 2025 IPOs as mainland Chinese firms rush to list: UBS

As many as 30 Chinese companies poised for dual listings this year, co-head of global banking at UBS Securities says.

Apple, Huawei, Xiaomi lead China’s top-500 ranking of consumer brands, report finds

The rankings were based on domestic consumers’ online purchase behaviour, according to a Peking University report.

Midea, ZTO Express to join Hang Seng Index on June 9 after quarterly review

Midea and ZTO will have a 0.33 per cent and 0.44 per cent estimated weighting in the Hang Seng Index, according to the benchmark compiler.

Huawei, UBTech team up to bring humanoid robots to factories and homes

The partnership aims to establish smart factories, leveraging Huawei’s strengths in self-developed AI processors.

China’s UBTech, Midea push humanoid robots into factories amid push for adoption

UBTech’s Walker humanoids are headed for a car plant, while Midea plans to have its own robots in an appliance factory by next month.

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Exclusive | Hong Kong to dominate 2025 IPOs as mainland Chinese firms rush to list: UBS