Midea Group has established a new company in Hangzhou with a registered capital of 2 million RMB.

Tianyancha App shows that recently, Hangzhou Midea Smart Building Equipment Sales Co., Ltd. was established, with Zhang Weihan as the legal representative and a registered capital of 2 million RMB. Its business scope includes sales of household appliances, sales of household appliance accessories, sales of mechanical and electrical equipment, etc. Shareholder information shows that the company is jointly owned by Midea Group's Hainan Midea Building Technology Co., Ltd. and Foshan Midea Air Conditioning Industrial Investment Co., Ltd.