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Midea

  • Tuesday, 17 September, 2024
    Lex
    The great aircon paradox will keep this Hong Kong IPO simmering Premium content

    Midea would have found the public markets less welcoming had it listed 5 years ago

    Fang Hongbo, chair and CEO of Midea, at the group’s listing ceremony in Hong Kong on Tuesday
  • Monday, 16 September, 2024
    IPOs
    Hong Kong market still feeling the chill as aircon maker Midea floats

    $4bn secondary listing is exchange’s biggest offering since 2021 but does not signal a revival, say analysts

    Employees work on an air conditioner production line at a Midea factory in Wuhan, in central China’s Hubei province
  • Tuesday, 13 December, 2022
    Chinese equities
    Pharma and funeral stocks rally as investors ride China’s Covid exit wave

    Chinese breweries and airlines also back in vogue following lockdown lifts

    A medical worker checks rapid antigen coronavirus tests at a hospital entrance in Shanghai on Tuesday
  • Wednesday, 23 November, 2022
    Chinese business & finance
    China’s state banks seek to boost property sector with $30bn in credit lines

    Vanke and Midea first to benefit from government support package

    A Vanke construction site in Dalian, China
  • Monday, 26 November, 2018
    KUKA AG
    Robotics group Kuka removes longtime chief executive

    Till Reuter’s departure comes 2 years after China’s Midea acquires group

    Employees work alongside robotic arms, manufactured by Kuka AG, as a battery pack is installed in a Mercedes-Benz GLC hybrid automobile on the assembly line at the luxury automaker's factory in Bremen, Germany, on Tuesday, Jan. 24, 2017. BMW lost its crown as the world's biggest luxury-car brand to Mercedes-Benz, ending its reign after more than a decade amid a cluttered lineup of aging models. Photographer: Krisztian Bocsi/Bloomberg
  • Monday, 26 November, 2018
    Till Reuter
    Till Reuter steps down as head of robotics group Kuka
    A Kuka LBR iiwa industrial robotic arm holds a coffee cup as a hot beverage is dispensed from a machine at the Kuka AG exhibition stand during the Automatica trade fair in Munich, Germany, on Tuesday, June 21, 2016. ABB Ltd. Chief Executive Officer Ulrich Spiesshofer declined to discuss whether he's considering a bid for Kuka as the fellow European robotics maker considers an offer from China's biggest appliance manufacturer Midea Group Co. Photographer: Martin Leissl/Bloomberg
  • Sunday, 25 November, 2018
    Robotics
    Till Reuter faces ousting as chief of German robotics group Kuka

    China’s Midea bought the company less than two years ago

    A Kuka AG LBR iiwa robotic arm opens a bottle of beer during a demonstration at the International Robot Exhibition in Tokyo, Japan, on Wednesday, Nov. 29, 2017. The expo runs through Dec. 2. Photographer: Kiyoshi Ota/Bloomberg
  • Tuesday, 27 March, 2018
    Chinese politics & policy
    US tariffs look to torpedo China world leadership hopes

    Robotics, semiconductors, aviation and computing among sectors on Washington’s hit list

    Chinese women sit on a bench with a U.S. flag theme outside an apparel store in Beijing Friday, March 23, 2018. China announced on Friday a $3 billion list of U.S. goods including pork, apples and steel pipe on Friday it said may be hit with higher tariffs in a spiraling trade dispute with President Donald Trump that companies and investors worry could depress global commerce. (AP Photo/Ng Han Guan)
  • Wednesday, 3 January, 2018
    News in-depthPersonal & Household Goods
    China’s Midea focuses on organic growth after string of deals

    World’s largest appliance maker looks to transform into automation powerhouse

    Sparks fly as robotic arms, manufactured by Kuka AG, work on the chassis of Trumpchi brand vehicles on a production line at the Guangzhou Automobile Group Co. Ltd. (GAC) plant in Guangzhou, China, on Thursday, Nov. 2, 2017. Trumpchi, the Chinese auto brand established in 2010 and now preparing for U.S. sales, has become a topic of debate as owner GAC considers whether American consumers would love or hate the marque with a name similar to that of the current U.S. president. Photographer: Qilai Shen/Bloomberg
  • Sunday, 18 June, 2017
    European companies
    Germany’s Kuka plans move into world of personal assistant robots

    Industrial robotics maker will team up with Chinese parent Midea

    Employees work alongside robotic arms, manufactured by Kuka AG, at Mercedes-Benz's factory in Bremen, Germany
  • Sunday, 18 June, 2017
    InterviewThe Monday Interview
    Till Reuter, chief executive, Kuka, on big ambitions in China

    How the former banker stumbled into the top job eight years ago — and never left

    Hannover, 23.04.2017: Till Reuter, CEO of German robotics company KUKA, is photographed at the company´s stand at the Hannover Messe trade fair. Foto: Philipp von Ditfurth
  • Thursday, 6 October, 2016
    Wearable technology
    Osram shares jump 14% after reports of Chinese takeover
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