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 USD 22.17 billion revenue, and total profit of USD 2.02 billion, representing a 21 percent year-on-year increase.