Date
22 September 2017

Midea teams up with Alibaba for IoT platform, paper says

Home appliance maker Midea Group Co. Ltd. (000333.CN) announced that it will use Alibaba Group’s Tmall e-commerce platform to launch all its new smart home appliance products, China Securities Journal reported Tuesday. Under a strategic cooperation agreement, the two firms, apart from collaborating in sales, will jointly build an Internet of Things (IoT) platform that will help Midea to take advantage of big data technologies, the report said. An analyst was quoted as saying that home appliance makers are relying more on e-commerce channels now.

– Contact HKEJ at [email protected]sight.com

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