# Midea Group: robotics company

Canonical ID: `108bf694-f969-4ecd-a78e-67bae8d299cc`

## Key facts

- **Founder:** He Xiangjian
- **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

- **Slug:** midea-group
- **Status:** public (SHE:000333)
- **Founded:** 1968
- **HQ:** Shunde, Guangdong, China

## Models

_No models registered._

## Current leadership (2)

- [He Xiangjian](/people/he-xiangjian.md) Founder (_reported, not verified_)
- [Paul Fang](/people/paul-fang.md) Chairman and CEO (_reported, not verified_)

## Founders (1)

- [He Xiangjian](/people/he-xiangjian.md) (cofounder) _no longer at company_

## Acquisitions (1)

- [acquired KUKA AG](/acquisitions/midea-acquires-kuka-2016.md) _majority stake_ (2016-06-01)

## Supplies to

_No verified supply relationships on file. Supply-chain coverage is being added across the registry; check back as the seed populates this company's outbound edges._

_Outbound supply edges. Each appears when verified with at least two strong sources. Sources are append-only; corrections add new sources rather than rewrite history._

## Common questions

### What is Midea Group?

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](/companies/kuka) for approximately $5 billion, making it a major player in industrial automation. The group has pledged $8.7 billion for AI and robotics investment.

### What does Midea Group make?

Midea Group has no robot models recorded on the DEPLOY registry. Midea Group builds physical robots.

### Is Midea Group publicly traded?

Yes. Midea Group is publicly traded on public markets, per the DEPLOY registry.

### How can I invest in Midea Group?

Midea Group is publicly traded (public markets), so its shares can be bought through any broker.

### Where is Midea Group headquartered?

Midea Group is headquartered in Shunde, Guangdong, China.

### Who owns Midea Group?

Midea Group is publicly held by its shareholders.

### Is Midea Group a top robotics company?

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Midea Group ranks in roughly the top 51% of companies tracked by the registry.


## Sources (1)

1. https://www.midea.com/global

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