Midea Real Estate Group
34/F, Tower 4, Midea Real Estate Plaza, No. 1 Chengde Road, Beijiao Town, Shunde District, Foshan City, Guangdong Province, 528311, China
Overview
Midea Real Estate Holding is a manufacturing foundation with technological genes to create a 5M smart and healthy community through intelligent, industrialized, and digitally constructed and delivered services. It is a provider of land subdivision services.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Property Management
- Real Estate
Investment portfolio
- Orvibo
Participated · Series C · May 2019
Orvibo is a Shenzhen-based maker of full-spectrum smart home products, including fingerprint-sensing locks and remote-controlled electronic clothes hangers. Its devices can be activated via multiple smart speakers such as Google Home and Tmall Genie. The company says its products have entered 2 million households worldwide and its smart-home building solutions are used by more than 30 Chinese real estate developers, including Country Garden. Orvibo reported revenue growth of over 100% annually for the past three years and said it has achieved profitability, though it did not disclose detailed financials. The article cites a Statista projection that the global smart-home market could reach USD 53.45 billion by 2022, providing market context. Orvibo is a Chinese smart home solutions provider that develops smart home solutions. The article reports the company has secured new funding in a Series B round. Orvibo raised $16 million (RMB110 million) in this Series B. The round was led by Shenzhen-listed Shenzhen Topband Co Ltd. Other investors also participated in the financing. No additional operational or financial details were disclosed in the article.
Team
No current team members are available.