Home appliance company Midea plans to invest in cross-border eCommerce
In recent years, Chinese home appliance companies have expanded their business overseas. For example, Midea estimates that in many markets, the overseas market share of Chinese brands will be no less than 10% in 2025. From 2017-2019, the overseas sales of Midea alone increased from CNY 104 B to CNY 116.78 B. COVID-19 has further increased the market demand for Chinese products through high availability and their functioning supply chain. In this regard, the most significant growth is expected to be in North America, APAC, and the Middle East.
This briefing is contributed by and first appeared on CIMK.
Briefing Sep 16, 2021 01:00 PM
The selection results of the 4th China Quality Award were announced, BOE, Midea and Fuyao Glass were selected
In depth
Technology, Consumer Discretionary
Huami Prepping to Take Off: 3Q 2020 Financials and Business Forecast
Currently trading at USD 13.57 per share, Chinese wearable vendor Huami, with its continuously growing business, commitment to the healthcare vertical and the domestic market and extended cooperation with Xiaomi, is still significantly undervalued.
Nov 27, 2020 11:39 PM
Briefing Aug 13, 2021 07:38 PM
Midea Group: completion of repurchase program
Research
Consumer Staples, Communication, Consumer DiscretionaryWIA2020 | Next 50 in Global Tech: Consumer Technology
Dec 09, 2020 09:55 AM
Dec 09, 2020 09:53 AM
Research
Industrials, Financials, AutomotiveTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Research
Industrials, Financials, AutomotiveLow-Carbon Industry Expansion - Key Studies From Chinese Companies
May 28, 2020 12:40 PM
Briefing Aug 09, 2021 08:38 AM
· Healthcare
People's daily article: medical beauty to the best effect, but also to prevent adverse consequences
Briefing Jul 21, 2021 09:36 PM
· Financials
In the second quarter, the public fund's heavy position stocks are released, and Guizhou Maotai is still the largest heavy position stocks
Briefing Jul 11, 2021 09:48 AM
· Technology
Silicon 100 released the list of electronic and semiconductor start ups in 2021
Briefing Jun 21, 2021 08:33 AM
· Consumer Staples
This year's "618" household appliance industry sales did not continue the previous hot
Briefing Jun 19, 2021 09:34 AM
· Consumer Staples
During 618, the total sales of Midea exceeded 16 billion
Technology
OPPO and Midea to Co-create Smart Home and IoT Ecosystem
Following Xiaomi and Huawei – the world's fifth-largest smartphone vendors – OPPO is to start building its IoT products around smartphones by launching a cooperation with the leading home appliance company – Midea.
Sep 27, 2020 10:28 AM
Briefing Jun 12, 2021 04:26 PM
· Consumer Discretionary
Midea Group introduces cooperation with Huawei and its operating system
Briefing Jun 03, 2021 08:23 PM
· Financials
ADP employment in the United States increased by 978000 in May, a new high since June last year.
Briefing Nov 20, 2020 07:15 PM
· Healthcare
Midea Group: controlling shareholders and persons acting in concert reduce 1.00% of the total share capital of the company in the near future
Briefing Sep 25, 2020 06:06 PM
· Consumer Discretionary
OPPO and Midea Reach a Strategic Cooperation
See more
Read next
In depth
Consumer Staples
Dada Nexus Beats Q2 2021 Earnings Estimates, Growth Accelerates
Updated 3 hours ago
Consumer Staples · Analysis
Pinduoduo: Stellar Performance Reinforces Industry Position, Agriculture Is Next Engine
Sep 15, 2021 10:18 AM
Insight
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.