home appliance service Archives

The Midea Group Officially Lists on The Stock Exchange of Hong Kong

On September 17, Midea Group was officially listed on the main board of the Hong Kong Stock Exchange, raising over 30 billion Hong Kong dollars.

Home Appliance Enterprise Midea Commences Layoffs in Non-Core Business

A rumor appeared recently that Midea Group, a home appliance enterprise, had begun mass internal layoffs. On May 19, Midea responded that this year, the company has decided to shrink its non-core business and suspend its non-operating investment.

Midea to Invest $1B in NEV System Solutions

Leading Chinese electrical appliance manufacturer Midea Group released a record of investor relations activities on Thursday.

Pinduoduo and Midea Group Reach Strategic Cooperation

On Thursday, Chinese e-commerce platform Pinduoduo and home appliance firm Midea Group reached a strategic cooperation with an annual scale exceeding 10 billion yuan ($1.6 billion).

Midea’s Annual Output of Self-Developed MCU Chips Reached 10 Million in 2021

Midea Group issued announcements via an interactive platform for investors, saying that after its entrance into the field of computer chips in the second half of 2018, mass production of the products began in 2021.

Gree Electric Appeals After $26 Million Compensation Awarded to AUX

The trial regarding a pair of infringement cases for invention patent rights in which AUX Air Conditioning sued Gree Electric Appliances and Ningbo Yongge Information Technology Co., Ltd., has now ended.

Midea Plans to Fully Acquire Equity of Germany’s KUKA

On Tuesday night, Midea Group announced through the Shenzhen Stock Exchange that it plans to fully acquire the equity of KUKA Aktiengesellschaft ("KUKA" or "Kuka").

Lei Jun Successively Withdrew From Director Roles at Several Xiaomi-Affiliated Companies

Commercial inquiry platform Tianyancha shows that Lei Jun (Executive Director) has withdrawn from the main personnel positions of Chengdu Beida Asset Management Co., Ltd.

Appliance Giant Midea Deepens Cooperation With Huawei, Reveals OpenHarmony 2.0-Based IoT System

Chinese household appliance manufacturer Midea Group held the 2021 Midea Intelligence Conference last Thursday, at which the firm unveiled its OpenHarmony 2.0-based Internet of Things (IoT) system.

Skyworth Digital’s H1 2021 Revenue Increased by 23% Year-on-Year, Plans to Split Into Two Listed Firms

Shenzhen-based high-tech enterprise Skyworth Digital Co., Ltd. released its semi-annual report for 2021 on Tuesday. The company achieved operating income of 4.575 billion yuan ($707 million), a year-on-year increase of 23.37%.

Xiaomi-backed Dreame Unveils Robot Vacuum with Lidar Technology

Chinese smart home-cleaning appliances maker Dreame has launched a series of products in international markets, including the flagship Dreame Bot L10 Pro, a two-in-one sweeping and mopping robot vacuum equipped with a lidar navigation system.

Hillhouse Capital Purchases Home Appliance Service of Philips for 34 Billion RMB

Health technology company Philips announced on Thursday that it had signed an agreement to sell its home appliance service to investment firm Hillhouse Capital for 24 billion yuan (about 4.4 billion euros).

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