It was humble beginnings for Midea Group in 1968 when founder He Xiangjian had just 5,000 yuan and led 23 residents in Beijiao, Shunde, China to start a business making plastic bottle caps.

Korean robotics firms face fierce competition from cheaper Japanese and Chinese products, leading to lost contracts and stagnant sales.

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Fang Hongbo, chairman of Midea Group Co Ltd, said Midea's robot and automation business revenue has exceeded 30 billion yuan, ...

Chairman Fang Hongbo said in a speech at the Guangdong Province High Quality Development Conference that Midea's operating ...