Xiaomi’s smart large home appliances experienced explosive growth
On May 27, Xiaomi Group released its financial report for the first quarter of 2025. According to the report, Xiaomi's total revenue for Q1 reached RMB 111.3 billion, marking a 47.4% year-on-year increase. Adjusted net profit stood at RMB 10.7 billion, up 64.5% year-on-year.
Midea Partners with Thailand's CP AXTRA in MoU Deal
On May 13, Midea International Business and CP AXTRA, a retail subsidiary of Thailand's Charoen Pokphand (CP) Group, held a signing ceremony at Midea's headquarters to formalize a Memorandum of Understanding (MoU). The collaboration aims to expand Midea's home appliance business in Thailand through ...
BOE Vietnam Smart Terminal Phase II Project Begins Mass Production Ahead of Schedule
On June 10, the mass production and customer delivery ceremony for BOE's Vietnam Smart Terminal Phase II Project was successfully held in Phu My, Ba Ria-Vung Tau Province, Vietnam. This marks BOE’s first self-built smart factory overseas, and the Phase II project began mass production two and a...
Midea to Buy Dutch Heating Giant BDR Thermea's China Business
Midea Group plans to acquire the China operations of Dutch heating and ventilation systems provider BDR Thermea Group, to accelerate the Chinese home appliance giant’s global expansion and bolster its shift towards more commercial solutions.
Teka begins a New Century as part of Midea Group
Midea Group, a leading global technology company, has effectively completed the acquisition of Teka Group (excluding Teka Rus LLC). This strategic operation, initially disclosed in June 2024, strengthens Teka Group’s global competitiveness and positions it for rapid expansion in new product...
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