Midea unveils upgrading plans

Home appliance giant Midea Group set up a new industrial internet platform and a new brand for artificial intelligence-based home appliances on Friday, as part of the Foshan, Guangdong province-based firm's plans to upgrade its business.

The new industrial internet platform will help Midea to become China's first independent industrial internet platform provider, leading the industry with its strong and comprehensive capabilities in manufacturing.

"Already successfully deployed internally within the group, the platform can now serve as a facilitator for more industrial partners to connect to the cloud by offering either customized digital transformation services for large enterprises or cost-effective package solutions for small and medium-sized businesses," said Zhang Xiaoyi, vice-president of Midea.