2008

Midea purchased 24.01% stake of Little Swan, aiming at establishing a broader platform for its power-industries of refrigerator and washing machine.

 

2007

The Vietnam Industrial Park of Midea was founded and put into production. The Park has been the manufacturing and export base of Midea in ASEAN.

 

2006

Midea conducted the reform of non-tradable shares and entered into the capital-circulation era.

 

2005

Midea formulated the development plan of "The Eleventh Five Year", and committed itself to become the top 2 in Asia and the top 5 at world large among the white household electric appliance manufacturers.

 

2004

Midea signed the air-conditioning cooperation agreement with Toshiba Carrier and realized their all-round strategic cooperation. Midea purchased Qingjiang Electric Motor, Royalstar, Hualing and Chongqing GM to further improve its white household electric appliance products and production chain.

 

2001

Midea completed its Management Buy-Outs (MBO) and further improved its management structure.

 

1999

Midea purchased Macro (Toshiba) and stepped into the field of A/C compressor.

 

1998

Midea purchased Wuhu Liguang Air-conditioning Company and established its first industrial park in other place.

 

1997

Midea adopted the reform of business division structure which further stimulated its operational dynamism.

 

1993

"Yue Midea" was listed in Shenzhen Stock Exchange.

 

1985

Midea started to produce air-conditioner, which marked its entry into the refrigeration field.

 

1980

Midea started to produce electrical fan which marked its entry into the household electrical appliance manufacturing industry.

 

1968

Mr. He Xiangjian, leading 23 people with capital of RMB5,000, opened the history of Midea.