Recent events
Recent events tied to this brand in public sources.
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2020
Midea completes acquisition of Lingwang Elevator
Midea's HVAC and Building Business Unit held an acquisition-closing ceremony with Lingwang Elevator in Foshan, marking Midea's entry into the elevator industry.
2020
Midea launches M.loT industrial internet brand
Midea formally launched its M.loT (美擎) industrial internet brand and brought together eight business units to build an industrial cloud ecosystem.
2020
Midea launches Industrial Internet 2.0 and M.IoT platform
Midea launched Industrial Internet 2.0, branded “美擎,” and introduced the M.IoT official interactive platform.
2020
Midea Group supervisory chair resigns
Midea Group said supervisor and supervisory board chair Liu Min submitted her resignation due to a job transfer and would continue in another role at the company.
2020
OPPO and Midea sign strategic partnership
OPPO and Midea signed a strategic partnership on September 25, 2020. The announced cooperation includes plans for a cross-industry joint laboratory and joint operating activities, as well as work on user experience and domestic and overseas channels.
2020
Consumer reports Midea gas stove explosion
A consumer reported that a Midea gas stove exploded after less than ten days of use. Midea said it had refunded the purchase and was conducting a self-inspection and third-party testing; the cause had not yet been reported.
2020
Midea and Suning deepen strategic cooperation
Midea executives visited Suning's headquarters on July 27 for talks on their 2020 strategic cooperation. The article also reports that Midea would exclusively supply Suning's platform with 5 million air conditioners for the peak season.
2020
Midea Group announces preparations to spin off subsidiary for listing
Midea Group announced that it would begin preliminary preparations to spin off Midea Smart Lighting & Controls Technology for a potential listing on the ChiNext board; the report notes that the proposed listing would still need to meet regulatory requirements.
2020
Midea authorizes preparation for Meizhi Optoelectronics spin-off listing
Midea Group's board authorized management to begin preliminary preparations for spinning off Meizhi Optoelectronics for a ChiNext listing; the article reports preparation, not a completed listing.
2020
Midea and Unilever announce laundry-care partnership
Midea Group and Unilever announced a strategic partnership to collaborate on smart laundry-care solutions, including product development, marketing and data.
2020
Gree alleges irregularities in Midea’s China Mobile bidding
Gree publicly alleged that Chongqing Midea had inconsistencies in invoice information and technical parameters that did not meet bidding standards in a China Mobile tender. Midea denied the allegations and said it had provided evidence to China Mobile, which accepted its clarification.
2020
Midea responds to Gree’s bidding allegations
Midea responded to Gree’s allegations concerning invoice information and technical parameters in a China Mobile bidding project, saying the claims were untrue and that the invoice-number discrepancy resulted from a clerical error.
2020
Midea launches three washer-dryer sets
Midea launched three washer-and-dryer sets, according to the article headline.
2020
Midea, Little Swan and COLMO launch laundry-and-dryer sets
At a product launch, Midea, Little Swan and COLMO introduced laundry-and-dryer sets with different product positioning and prices.
2020
Midea Meiju passes PCI DSS data-protection certification
Midea announced that its smart-home platform, Midea Meiju, passed PCI DSS data-protection certification on May 15.
2020
Midea reports 2019 and first-quarter 2020 results
Midea Group released its 2019 and first-quarter 2020 results, reporting first-quarter revenue of 58.4 billion yuan, down 22.7% year over year, and net profit attributable to shareholders of 4.8 billion yuan, down 21.5%.
2020
Midea announces proposed acquisition of Hiconics
Midea Group announced that its subsidiary Guangdong Midea HVAC Equipment would acquire Hiconics New Energy by agreement; upon completion, Midea would hold 23.73% of Hiconics. The article describes the acquisition as proposed, not completed.
2020
Midea agrees to acquire a stake in Hiconics
Midea's HVAC business, Midea HVAC, signed share transfer agreements to acquire 209 million shares, about 18.73% of Hiconics' total share capital, from Shangfeng Group and Liu Jincheng for a total of 743 million yuan. The article describes the acquisition as not yet completed.
2020
Midea agrees to acquire a controlling stake in Hiconics
Midea HVAC signed an agreement to acquire approximately 18.73% of Hiconics' total shares from Shangfeng Group and Liu Jincheng. The article says that after completion, Midea Group would become Hiconics' indirect controlling shareholder.
2020
Midea HVAC signs agreement to acquire control of Hiconics
Midea HVAC signed an agreement to acquire about 18.73% of Hiconics' total shares for a total consideration of 743 million yuan. Upon completion, Midea Group would become Hiconics' indirect controlling shareholder.