TOPIC

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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

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

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

China technology

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

28 Jun 2025 - 5:00PMvideocam

Science

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

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

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

A view of Exchange Square in Central, home of the city’s bourse operator, on April 7, 2025. Photo: Jelly Tse

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

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

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

UBTech’s Walker robot seen at the company’s offices in Shenzhen. Photo: Edmond So

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

A demonstration of one of UBTech’s Walker-series humanoid robots during a media tour of the company’s offices in Shenzhen on April 23. Photo: Edmond So

Stocks

Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

23 Apr 2025 - 5:00PM

China stock market

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

More than 100 companies have announced buy-back plans, including PetroChina, Midea Group and CATL.

11 Apr 2025 - 6:39PMvideocam

US-China relations

US study finds China’s tech innovation ‘much stronger’ than understood

Performing best in nuclear power, EVs and batteries, mainland companies will ‘likely equal or surpass Western firms within a decade or so’.

25 Sep 2024 - 3:41PMvideocam

People visit a booth for Chinese battery manufacturing giant CATL at Automechanika, a leading trade fair for cars, in Frankfurt, Germany, on September 11. Photo: Xinhua

Banking & finance

Chinese e-commerce payment company seeks US$78 million in Hong Kong IPO

LianLian DigiTech aims for a fifth of the US$500 million it originally sought a year ago, as market conditions continue to dampen investor sentiment.

20 Mar 2024 - 10:31AM

A booth of LianLian DigiTech appears at The Light of Internet Expo during the 2020 World Internet Conference in Wuzhen, Zhejiang, China. Photo: LianLian

IPO

Hong Kong bankers on ‘survival mode’ as IPO drought ends windfalls

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

12 Mar 2024 - 5:34PMvideocam

Hong Kong stock market

Hang Seng Index compiler leaves blue chip benchmark unchanged in latest review

No new companies will be added to the Hang Seng Index in March, leaving the total number of constituents unchanged at 82, according to the latest quarterly review by Hang Seng Indexes Company.

16 Feb 2024 - 8:10PM

Banking & finance

MSCI cuts dozens of Chinese stocks from global indices, raises India’s weightage

MSCI has cut dozens of Chinese stocks from its global benchmark indices in its February review. It added five stocks from India, which has the second-highest weightage in the MSCI Global Standard index, after China.

14 Feb 2024 - 8:47AM

An attendee tries a virtual reality headset during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India. Photo: Bloomberg

Hong Kong stock market

Hong Kong IPOs: here’s what’s in store in 2024 after a miserable 2023

Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.

30 Dec 2023 - 10:00AM

IPO

Cainiao, Midea, SF and Movoi among hotly anticipated Hong Kong IPOs of 2024

After a lacklustre year for fundraising in Hong Kong, market participants are pinning their hopes on a turnaround in the primary market, expecting companies to revive dormant IPO plans.

25 Dec 2023 - 10:00AM

IPO

Hong Kong IPO: WuXi Biologics unit eyes up to US$520 million in biotech push

WuXi XDC, a 60 per cent-owned unit of WuXi Biologics, could raise as much as US$520 million, including excess share allotment, based on the top end of its IPO price range.

7 Nov 2023 - 2:30PMvideocam

People work at the WuXi Biologics’ factory in Leverkusen, Germany, in this 2023 handout picture. Photo: Reuters

IPO

China’s appliance giant Midea applies to list in Hong Kong

Midea Group, the world’s biggest home appliances maker, has submitted plans to list its shares in Hong Kong which analysts say could help attract more foreign investors as they could overcome the shareholding limits of the Stock Connect programme.

25 Oct 2023 - 10:07AM

A general view of Midea Group headquarters in Beijiao town, Shunde District, Foshan, Guangdong. Photo: Martin Chan

IPO

Hong Kong ranks ninth globally for IPOs as fundraising hits 20-year low

A total of 42 companies raised US$3.13 billion in the first nine months, a 65% year on year drop in fundraising and the lowest since 2003, Refinitiv says. Investors and analysts hope for a fourth-quarter return of mega deals.

28 Sep 2023 - 6:02PM

HKEX

HKEX to launch digital IPO platform FINI on November 22

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new listings market.

27 Sep 2023 - 6:32PM

IPO

Cainiao launches Hong Kong’s largest IPO of 2023 as it aims to raise US$1 billion

The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.

2 Oct 2023 - 12:28PM

Cainiao Smart Logistics Network has grown into a US$13.7 billion concern alongside the explosion of e-commerce in mainland China. Photo: Handout

IPO

6 Hong Kong share listings this week set to raise up to US$458 million

Tencent-backed car-services platform Tuhu and AI company Beijing Fourth Paradigm are among a series of listings expected this week as Hong Kong’s performance as a fundraising venue continues to disappoint versus past years.

25 Sep 2023 - 8:12PM

People walk through the piazza in front of the headquarters of Hong Kong Exchanges and Clearing, operator of the Hong Kong stock exchange, on September 6, 2023. Photo: Elson Li

Banking & finance

Hong Kong IPO fundraising levels to hit an 11-year low in 2023: Deloitte

Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China.

22 Sep 2023 - 6:15PM

HKEX

Midea Group to file for US$1 billion Hong Kong IPO next month: sources

Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.

21 Sep 2023 - 8:31PM

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