Midea enters Fortune Global 500 for the first time

Midea, one of the world's top consumer appliances manufacturers, became the first company from the Chinese household appliances industry to enter the Fortune Global 500 list, when the updated ranking of the world's largest corporations was announced on July 20, 2016.

Midea debuted at 481st after a strong 2015 that saw the company achieve USD22.17 billion revenue, and total profit of USD2.02 billion, representing a 21 percent year-on-year increase.