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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