Overseas push puts Midea on high-growth trajectory

R&D centers, acquisitions turn appliance maker into tech major

The establishment of overseas plants, research and development centers and the acquisition of a number of international intelligent automation solution makers have helped expand the business of Midea Group, a Chinese appliance maker, according to its senior executives.

Based in the manufacturing hub of Foshan, Guangdong province, in the heart of the Pearl River Delta, Midea currently has 17 R&D centers in eight countries. It has invested over 20 billion yuan ($2.89 billion) in R&D over the past five years, according to the company.