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 Yesterday 12:24 PM
Fuyang, Anhui: real estate enterprises are encouraged to reduce the total house payment by 3% - 5% for buyers who buy new houses
In-depth
Consumer Staples, Consumer Discretionary
EqualOcean Sector Quarterly Report - Consumption Sectors
To help worldwide investors keep track of what is happening in each industry or sector and the related hot spots, we launched the EqualOcean Sector Quarterly Report series, which gathers notable information and statistics in each quarter.
Apr 05, 2022 11:36 PM
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
Healthcare, Technology, Consumer DiscretionaryTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Research
Healthcare, Technology, Consumer DiscretionaryLow-Carbon Industry Expansion - Key Studies From Chinese Companies
May 28, 2020 12:40 PM
Briefing Mar 10, 2022 12:48 PM
· Consumer Staples
Half day net inflow of main funds into photovoltaic and lithium batteries, selling small metals, etc
Briefing Mar 10, 2022 11:48 AM
· Industrials
Rookie's Latin American business achieved triple-digit growth and completed the first China Brazil charter flight with Qatar air cargo
Briefing Feb 22, 2022 07:39 PM
· Technology
Midea Group: appointment of new CFO and chief talent Officer
Briefing Feb 16, 2022 03:39 PM
· Automotive
Invest 11 billion yuan! The foundation of Midea's new strategic base for new energy auto parts was laid and started
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 Feb 01, 2022 10:49 AM
China promotes the establishment of ecological protection compensation mechanism in Taihu Lake Basin
See more
Read next
In-depth
In-depth
In-depth
Financials, Healthcare
Exclusive Interview with Zhou Mi, Managing Partner of Puhua Capital
May 12, 2022 05:41 PM
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.