Midea Group, a leading technology company today announced that it has featured on the 2020 Fortune Global 500 List for the fifth year running, ranking 307th place, moving up 5 places compared to 2019. 

Midea Group first entered the Fortune Global 500 list in 2016 and was the first Chinese household appliances company to be included on the list. Over the past five years, Midea Group has continuously climbed up the ranks thanks to the company’s dedication towards innovation.

This year, Midea Group has started transforming five of its key businesses, including Consumer Appliances, HVAC Systems, Components, Industrial Automation and Smart Logistics. Looking ahead, Midea Group will continue to focus on achieving its aim of becoming a world-leading technology corporation through the development of innovative platforms including its retail and industrial cloud arms.