- Midea Group is pushing its subsidiary, Ande Intelligent Supply Chain Technology Co., Ltd., for an IPO in Hong Kong after its market debut last September.
- Ande Intelligent, which provides comprehensive supply chain solutions, generated revenues of 18.663 billion yuan in 2024, with Midea Group being a significant client contributing nearly 40% of its income.
- If successful, this IPO would mark the first spin-off listing for Midea Group, following previous unsuccessful attempts with other subsidiaries.
