Midea takes smart route to success

Company focuses on intelligent tech as it transforms business from manufacturing

Smart solutions will be a key factor to drive future growth for China's home appliance makers, amid a market slowdown due to oversupply, said an industry insider.

Fang Hongbo, chairman of the board of Midea Group, said the company has been on a process of transforming its business from intensive manufacturing to the introduction of more smart solutions to home appliance products.