About Midea Group
Midea Group is a company based in Foshan (China) founded in 1968.. The company has 198,430 employees as of December 31, 2024. Midea Group has completed 3 acquisitions, including CR Wandong, Servotronix and Teka. Midea Group offers products and services including Smart Home Appliances and Industrial Technology Solutions.
- Headquarter Foshan, China
- Employees 198430 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Midea Group Co. Ltd. Class A
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Annual Revenue
$55.75 B (USD)9.43as on Dec 31, 2024
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Net Profit
$5.27 B (USD)14.26as on Dec 31, 2024
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EBITDA
$6.38 B (USD)9.42as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
198430
as on Dec 31, 2024
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Investments & Acquisitions
CR Wandong
& 2 more
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IPO & Listings of Midea Group
Midea Group is a publicly listed company on the SZSE with ticker symbol 000333 in China, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Midea Group
Midea Group offers a comprehensive portfolio of products and services, including Smart Home Appliances and Industrial Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Full home automation services are provided through intelligent products that enhance user experiences.
Sustainable and efficient products are supplied to global industrial clients, focusing on green energy and core components.
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Leadership Team
1 people
Software Development Team
1 people
Senior Team
1 people
Sales and Marketing
1 people
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Funding Insights of Midea Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Midea Group
Midea Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CR Wandong, Servotronix and Teka. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical X-ray and MRI equipment is developed and manufactured.
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1955 | ||||
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Kitchen appliances and sinks are designed and manufactured.
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1924 | ||||
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Standardized and customized motion control solutions are provided for automation.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Midea Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Midea Group Comparisons
Competitors of Midea Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Midea Group
Frequently Asked Questions about Midea Group
When was Midea Group founded?
Midea Group was founded in 1968.
Where is Midea Group located?
Midea Group is headquartered in Foshan, China. It is registered at Foshan, Guangdong, China.
Who is the current CEO of Midea Group?
Fang Hongbo is the current CEO of Midea Group.
How many employees does Midea Group have?
As of Dec 31, 2024, the latest employee count at Midea Group is 198,430.
What is the annual revenue of Midea Group?
Annual revenue of Midea Group is $55.75B as on Dec 31, 2024.
What does Midea Group do?
The company was founded in 1968 in Foshan, China, and operates within the manufacturing sector, focusing on robotics, industrial automation, logistics solutions, and home appliances. Production and distribution activities are centered in China with global reach. In 2022, annual revenues of 52.99 billion were recorded, alongside a net profit of 4.42 billion. Leadership is provided by CEO Fang Hongbo.
What products or services does Midea Group offer?
Midea Group offers Smart Home Appliances and Industrial Technology Solutions.
Is Midea Group publicly traded?
Yes, Midea Group is publicly traded on SZSE under the ticker symbol 000333.
How many acquisitions has Midea Group made?
Midea Group has made 3 acquisitions, including CR Wandong, Servotronix, and Teka.
What is Midea Group's ticker symbol?
The ticker symbol of Midea Group is 000333 on SZSE.
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