DEPLOYDatabase

Company

Midea Group

Chinese multinational home appliance and robotics conglomerate headquartered in Shunde, Guangdong.

Founded
1968
HQ
Shunde, Guangdong, China
Status
public (SHE:000333)

Overview

Chinese multinational home appliance and robotics conglomerate headquartered in Shunde, Guangdong. Founded in 1968 by He Xiangjian, it is one of the world's largest appliance manufacturers with 2023 revenue of RMB 373.7 billion (~9B). In 2016, Midea acquired German industrial robot maker KUKA AG for approximately $5 billion, making it a major player in industrial automation. The group has pledged $8.7 billion for AI and robotics investment.

Verified record

Verified deployments
None on file
Active incidents
None on file

Key facts

CEO

Paul Fang (Fang Hongbo)

Stock listing

Shenzhen:000333

Revenue 2023

RMB 373.7 billion (~$69B)

Market cap

~$84B (July 2026)

KUKA acquisition

2016, ~$5B for majority stake

AI/Robotics pledge

$8.7 billion

Data & sources

Web sources

1

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Midea Group on the deployment map

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Current leadership (2)

Founders (1)

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Media (1)

Company-anchored media. Official assets the company has published at the company level, distinct from model-anchored media that lives on individual product pages.

Safety record

No incidents on record for Midea Group.

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Recent coverage

Midea Group in third-party press

Peers

75 peers across 1 segment. Every Midea Group competitor derived from shared form-factor and application-domain edges.

industrial robot(75)

33 companies in this segment · moderately_concentrated (HHI 2051.61304640928) · leader Mind Robotics at 3415%