Midea Group
Chinese home appliance manufacturer and air conditioner OEM
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December 2018 | Midea Group establishes its semiconductor subsidiary MR Semi Co. Ltd. |
2017 | Midea faces a controversy involving defective air conditioner/humidifier units for US brands, leading to lawsuits and allegations of failing to honor recall replacement obligations. |
2016 | Midea makes three major acquisitions: Toshiba's home appliances business for US$477 million, German robotics company KUKA, and Eureka floorcare brand from Electrolux AB. |
December 2014 | Xiaomi invests CN„1.2 billion by acquiring 1.2% shares of Midea Group, announcing a cooperation between the two companies. |
September 2013 | Midea Group is publicly listed on the Shenzhen Stock Exchange, and Guangdong Midea Electric is privatized. |
April 2013 | Midea Group announces a restructuring plan. |
August 2012 | Founder He Xiangjian resigns as Chairman, with Paul Fang named as the new Chairman of Midea Group. |
2011 | Midea forms additional joint ventures with Carrier Corporation in Brazil, Argentina, Chile, and India. |
2010 | Midea establishes its first overseas joint venture with Carrier Corporation in Cairo, Egypt, named Miraco Carrier. |
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