Founded in Shunde, Foshan in 1968, miboqing is now headquartered in Beijiao Town, Shunde District, Foshan City, Guangdong Province. It is a technology group integrating consumer appliances, HVAC, robotics and automation systems, intelligent supply chain, chip industry and elevator industry. It has about 200 subsidiaries, more than 60 overseas branches and 10 strategic business units worldwide. At the same time, it is the main shareholder of KUKA group (about 95%). The business of miboqing group includes consumer electrical appliances business focusing on kitchen appliances, refrigerators, washing machines and all kinds of small household appliances; HVAC business focusing on heating and ventilation systems such as household air conditioning and central air conditioning; Robot and industrial automation system business with KUKA group and miboqing robot company as the core; Intelligent supply chain business with ande Zhilian as the integrated solution service platform; Meiren semiconductor's chip business.
On September 18, 2013, miboqing group was listed on the Shenzhen Stock Exchange. On July 4, 2015, GMCC Meizhi, the world's largest air conditioning compressor enterprise under miboqing group, and Weiling Electric Co., Ltd. were integrated into miboqing's "parts division". In 2016, miboqing group ranked 481 on the Fortune Global 500 list for the first time and 307 in 2020. In 2019, the annual operating revenue was 278.2 billion yuan, ranking first in China's home appliance industry. The cumulative number of patent applications has exceeded 100000. Its Meiren semiconductor company has a planned annual supply capacity of 120 million chips. On December 11, 2020, it acquired Lingwang elevator and officially entered the elevator business. On December 24, it acquired the Hitachi compressor factory in Thailand to lay out the global industry.
On November 13, 2020, miboqing group's share price hit a record high, with a total market value of 665.772 billion yuan. Compared with the opening price of 3.7 yuan on September 18, 2013, the share price increased by 2453%, increased by more than 24 times in seven years, and the annualized return on investment was nearly 59%. On November 23, miboqing announced its intention to fully acquire the equity of KUKA, Germany.