Midea Group moves up to 245th on 2022 Fortune Global 500 list

(Graphic: Business Wire)

KUALA LUMPUR, Aug 3 (Bernama) -- Midea Group has been listed on the Fortune Global 500 for the seventh consecutive year, this time with its ranking moved up to No. 245 on the 2022 Fortune Global 500 list.

According to a company statement and its annual report published in April, the company's annual revenue grew 20.06 per cent in 2021, reaching an all-time high of RMB343.4 billion. (RMB100 = RM65.97)

Midea adheres to its strategic focus on “technology leadership”, and has been accelerating its technology-driven transformation.

For its C-suite businesses, the company is committed to providing the best experience for whole-house smart home appliances and services through using the Internet of Things (IoT) and artificial intelligence (AI) technology.

With its digital building service platform, Midea Building Technologies provides one-stop solutions that are intelligent, digital, and low-carbon.

The company’s robotics and automation division focuses on providing solutions for industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, and new consumption, among others.

In addition, Midea has been seeking breakthroughs in overseas markets; recently, COSCO-owned CSP Abu Dhabi signed an agreement with Midea for the joint construction of an overseas warehouse transit centre in the Middle East, which will make it easier for international users to access Midea products.

Midea Group has upheld its philosophy of creating a better life through technology ever since its establishment 54 years ago. Its products and services are used and enjoyed by 400 million consumers in over 200 countries and regions.

-- BERNAMA