TOPIC

/ company

Midea Group

The latest news, analysis and opinion on Midea Group. In-depth analysis, industry insights and expert opinion.

Chairman / President

Fang Hongbo

CEO / Managing Director

Fang Hongbo

CFO / Finance Director

Zhong Zheng

Industry

Home Appliances, Consumer Electronics

Website

midea.com

Headquarters address

Midea Headquarters Building, Beijiao, Shunde District, Foshan, Guangdong, China

Stock Code

SSE:000333

Year founded

1968

Tencent was Chinese mutual funds’ top stock holding in the first quarter, according to data from TX Investment Consulting. Photo: Reuters

Stocks

Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

23 Apr 2025 - 5:00PM

China stock market

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

11 Apr 2025 - 6:39PMvideocam

US-China relations

US study finds China’s tech innovation ‘much stronger’ than understood

25 Sep 2024 - 3:41PMvideocam

Banking & finance

Chinese e-commerce payment company seeks US$78 million in Hong Kong IPO

LianLian DigiTech aims for a fifth of the US$500 million it originally sought a year ago, as market conditions continue to dampen investor sentiment.

20 Mar 2024 - 10:31AM

A booth of LianLian DigiTech appears at The Light of Internet Expo during the 2020 World Internet Conference in Wuzhen, Zhejiang, China. Photo: LianLian

IPO

Hong Kong bankers on ‘survival mode’ as IPO drought ends windfalls

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

12 Mar 2024 - 5:34PMvideocam

Hong Kong stock market

Hang Seng Index compiler leaves blue chip benchmark unchanged in latest review

No new companies will be added to the Hang Seng Index in March, leaving the total number of constituents unchanged at 82, according to the latest quarterly review by Hang Seng Indexes Company.

16 Feb 2024 - 8:10PM

Banking & finance

MSCI cuts dozens of Chinese stocks from global indices, raises India’s weightage

MSCI has cut dozens of Chinese stocks from its global benchmark indices in its February review. It added five stocks from India, which has the second-highest weightage in the MSCI Global Standard index, after China.

14 Feb 2024 - 8:47AM

An attendee tries a virtual reality headset during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India. Photo: Bloomberg

Hong Kong stock market

Hong Kong IPOs: here’s what’s in store in 2024 after a miserable 2023

Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.

30 Dec 2023 - 10:00AM

IPO

Cainiao, Midea, SF and Movoi among hotly anticipated Hong Kong IPOs of 2024

After a lacklustre year for fundraising in Hong Kong, market participants are pinning their hopes on a turnaround in the primary market, expecting companies to revive dormant IPO plans.

25 Dec 2023 - 10:00AM

IPO

Hong Kong IPO: WuXi Biologics unit eyes up to US$520 million in biotech push

WuXi XDC, a 60 per cent-owned unit of WuXi Biologics, could raise as much as US$520 million, including excess share allotment, based on the top end of its IPO price range.

7 Nov 2023 - 2:30PMvideocam

People work at the WuXi Biologics’ factory in Leverkusen, Germany, in this 2023 handout picture. Photo: Reuters

IPO

China’s appliance giant Midea applies to list in Hong Kong

Midea Group, the world’s biggest home appliances maker, has submitted plans to list its shares in Hong Kong which analysts say could help attract more foreign investors as they could overcome the shareholding limits of the Stock Connect programme.

25 Oct 2023 - 10:07AM

A general view of Midea Group headquarters in Beijiao town, Shunde District, Foshan, Guangdong. Photo: Martin Chan

IPO

Hong Kong ranks ninth globally for IPOs as fundraising hits 20-year low

A total of 42 companies raised US$3.13 billion in the first nine months, a 65% year on year drop in fundraising and the lowest since 2003, Refinitiv says. Investors and analysts hope for a fourth-quarter return of mega deals.

28 Sep 2023 - 6:02PM

HKEX

HKEX to launch digital IPO platform FINI on November 22

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new listings market.

27 Sep 2023 - 6:32PM

IPO

Cainiao launches Hong Kong’s largest IPO of 2023 as it aims to raise US$1 billion

The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.

2 Oct 2023 - 12:28PM

Cainiao Smart Logistics Network has grown into a US$13.7 billion concern alongside the explosion of e-commerce in mainland China. Photo: Handout

IPO

6 Hong Kong share listings this week set to raise up to US$458 million

Tencent-backed car-services platform Tuhu and AI company Beijing Fourth Paradigm are among a series of listings expected this week as Hong Kong’s performance as a fundraising venue continues to disappoint versus past years.

25 Sep 2023 - 8:12PM

People walk through the piazza in front of the headquarters of Hong Kong Exchanges and Clearing, operator of the Hong Kong stock exchange, on September 6, 2023. Photo: Elson Li

Banking & finance

Hong Kong IPO fundraising levels to hit an 11-year low in 2023: Deloitte

Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China.

22 Sep 2023 - 6:15PM

HKEX

Midea Group to file for US$1 billion Hong Kong IPO next month: sources

Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.

21 Sep 2023 - 8:31PM

IPO

China’s appliance maker Midea picks BofA, CICC for Hong Kong IPO

Based on its market value, Midea’s Hong Kong share sale could be among the largest in the city in recent years.

10 Aug 2023 - 5:39PM

Midea’s booth during the 2020 World 5G Convention at Nan Fung International Convention & Exhibition Center in Guangzhou city on November 27, 2020. Photo: Getty Images.

China stock market

This Chinese stock’s 140 per cent rally is not done as heatwaves fuel profits

Air-conditioner maker Hisense has surged more than 140 per cent in Hong Kong this year, boosting its market value to US$4.3 billion. And the market-beating rally is only going to get better, analysts say.

26 Jul 2023 - 5:07PMvideocam

China technology

Midea’s billionaire founder He Xiangjian unveils US$248 million science fund

He Xiangjan said his eponymous fund ‘will help more scientists focus on their work and attract more youngsters to take part in technological advancement and innovation in the country’.

23 May 2023 - 2:30PMvideocam

Mergers & Acquisitions

China’s Midea buyout plan of Electrolux tests outbound acquisitions ability

Chinese home appliance giant Midea Group is considering acquiring Sweden’s Electrolux AB but would only want the buyout in a friendly deal, although thus far the target company has not been receptive to the proposal.

1 May 2023 - 3:51PM

A general view of Midea Group headquarters in Beijiao town, Shunde District, Foshan, Guangdong. 15APR17 SCMP / Martin Chan

China stock market

Chinese consumer stocks surge as eased Covid curbs release pent-up demand

Consumer companies have led a rally in China’s stocks since the easing of Covid-19 restrictions released pent-up demand, even as major cities experience a spike in infections.

14 Dec 2022 - 4:43PMvideocam

Consumer stocks have benefited the most from China’s exit from its harsh zero-Covid policy because of pent-up demand. Photo: Reuters

E-commerce

Healthy Singles’ Day presales for Alibaba, JD.com despite slow economy

Alibaba and JD.com, China’s leading e-commerce platforms, recorded robust sales during the first round of Singles’ Day shopping spree.

1 Nov 2022 - 8:00PMvideocam

Alibaba

Hangzhou ditches ‘Alibaba Station’ in latest metro railway plan

The upcoming metro railway station no longer appears as ‘Alibaba Station’ in the Hangzhou government’s new plan.

6 Jul 2022 - 7:00PM

China society

Shanghai residents race to buy fridges, freezers storage to survive lockdown

Demand for supersized fridges has surged in Shanghai as many people try to hoard as much food as possible during the city’s ongoing lockdown.

14 Apr 2022 - 10:31AM

Shanghai fridge sales through the roof, with people buying bigger or more fridges to support the stockpiling of food during lockdowns. Photo: Handout

Electric & new energy vehicles

Midea joins China’s EV race with US$1.7 billion parts manufacturing venture

Midea, China’s biggest home appliances maker, is building a plant to produce EV components as the green-car industry gets ready for an exponential jump in sales.

17 Feb 2022 - 5:15PMvideocam

Midea is adding car components to its mainstay business of making home appliances in Foshan, Guangdong. Photo Xinhua

Beijing Winter Olympics 2022

Which unknown or household brands are riding on Eileen Gu’s fame?

The Winter Olympics has catapulted dozens of Chinese brands into the limelight, giving them unprecedented airtime to showcase their stuff on the world stage.

18 Apr 2022 - 5:20PMvideocam

China property

China’s housing market wins friends as Foshan, other cities signal support

China’s beleaguered home developers are winning some friends among local government officials in Foshan and other smaller cities as policy moves turn favourable.

19 Jan 2022 - 7:30AMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW

Midea Group

Tencent tops Chinese mutual funds’ holdings as Hong Kong stocks gain traction

Some 1,200 mainland Chinese mutual funds held a combined 151 million Tencent shares worth US$9.5 billion at the end of the first quarter.

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

US study finds China’s tech innovation ‘much stronger’ than understood

Chinese e-commerce payment company seeks US$78 million in Hong Kong IPO

LianLian DigiTech aims for a fifth of the US$500 million it originally sought a year ago, as market conditions continue to dampen investor sentiment.

Hong Kong bankers on ‘survival mode’ as IPO drought ends windfalls

Once a lucrative source of fees for investment bankers, new stock offerings have become a source of stress and job insecurity amid a slump in activity. For retail investors, those first-day windfalls are also harder to come by.

Hang Seng Index compiler leaves blue chip benchmark unchanged in latest review

No new companies will be added to the Hang Seng Index in March, leaving the total number of constituents unchanged at 82, according to the latest quarterly review by Hang Seng Indexes Company.

MSCI cuts dozens of Chinese stocks from global indices, raises India’s weightage

MSCI has cut dozens of Chinese stocks from its global benchmark indices in its February review. It added five stocks from India, which has the second-highest weightage in the MSCI Global Standard index, after China.

Hong Kong IPOs: here’s what’s in store in 2024 after a miserable 2023

Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.

Cainiao, Midea, SF and Movoi among hotly anticipated Hong Kong IPOs of 2024

After a lacklustre year for fundraising in Hong Kong, market participants are pinning their hopes on a turnaround in the primary market, expecting companies to revive dormant IPO plans.

Hong Kong IPO: WuXi Biologics unit eyes up to US$520 million in biotech push

WuXi XDC, a 60 per cent-owned unit of WuXi Biologics, could raise as much as US$520 million, including excess share allotment, based on the top end of its IPO price range.

China’s appliance giant Midea applies to list in Hong Kong

Midea Group, the world’s biggest home appliances maker, has submitted plans to list its shares in Hong Kong which analysts say could help attract more foreign investors as they could overcome the shareholding limits of the Stock Connect programme.

Hong Kong ranks ninth globally for IPOs as fundraising hits 20-year low

A total of 42 companies raised US$3.13 billion in the first nine months, a 65% year on year drop in fundraising and the lowest since 2003, Refinitiv says. Investors and analysts hope for a fourth-quarter return of mega deals.

HKEX to launch digital IPO platform FINI on November 22

Hong Kong Exchanges and Clearing, which operates Asia’s third largest stock market, will launch a long-awaited new digitalised IPO platform on November 22 in its latest push to reboot the city’s new listings market.

Cainiao launches Hong Kong’s largest IPO of 2023 as it aims to raise US$1 billion

The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.

6 Hong Kong share listings this week set to raise up to US$458 million

Tencent-backed car-services platform Tuhu and AI company Beijing Fourth Paradigm are among a series of listings expected this week as Hong Kong’s performance as a fundraising venue continues to disappoint versus past years.

Hong Kong IPO fundraising levels to hit an 11-year low in 2023: Deloitte

Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China.

Midea Group to file for US$1 billion Hong Kong IPO next month: sources

Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.

China’s appliance maker Midea picks BofA, CICC for Hong Kong IPO

Based on its market value, Midea’s Hong Kong share sale could be among the largest in the city in recent years.

This Chinese stock’s 140 per cent rally is not done as heatwaves fuel profits

Air-conditioner maker Hisense has surged more than 140 per cent in Hong Kong this year, boosting its market value to US$4.3 billion. And the market-beating rally is only going to get better, analysts say.

Midea’s billionaire founder He Xiangjian unveils US$248 million science fund

He Xiangjan said his eponymous fund ‘will help more scientists focus on their work and attract more youngsters to take part in technological advancement and innovation in the country’.

China’s Midea buyout plan of Electrolux tests outbound acquisitions ability

Chinese home appliance giant Midea Group is considering acquiring Sweden’s Electrolux AB but would only want the buyout in a friendly deal, although thus far the target company has not been receptive to the proposal.

Chinese consumer stocks surge as eased Covid curbs release pent-up demand

Consumer companies have led a rally in China’s stocks since the easing of Covid-19 restrictions released pent-up demand, even as major cities experience a spike in infections.

Healthy Singles’ Day presales for Alibaba, JD.com despite slow economy

Alibaba and JD.com, China’s leading e-commerce platforms, recorded robust sales during the first round of Singles’ Day shopping spree.

Hangzhou ditches ‘Alibaba Station’ in latest metro railway plan

The upcoming metro railway station no longer appears as ‘Alibaba Station’ in the Hangzhou government’s new plan.

Shanghai residents race to buy fridges, freezers storage to survive lockdown

Demand for supersized fridges has surged in Shanghai as many people try to hoard as much food as possible during the city’s ongoing lockdown.

Midea joins China’s EV race with US$1.7 billion parts manufacturing venture

Midea, China’s biggest home appliances maker, is building a plant to produce EV components as the green-car industry gets ready for an exponential jump in sales.

Which unknown or household brands are riding on Eileen Gu’s fame?

The Winter Olympics has catapulted dozens of Chinese brands into the limelight, giving them unprecedented airtime to showcase their stuff on the world stage.

China’s housing market wins friends as Foshan, other cities signal support

China’s beleaguered home developers are winning some friends among local government officials in Foshan and other smaller cities as policy moves turn favourable.

nproxy.org