This article only represents the author's own views.
It sounds like a sci-fi movie: The air conditioners versus the robots. But the story is quite real for home appliance giant Midea Group (000333.SZ), whose planned Hong Kong IPO could involve the company’s up-and-coming robotics business, according to market buzz.
Midea is already listed on China’s domestic A-share market, but has unveiled plans for a new Hong Kong listing that would be more focused on international investors. The company has yet to announce fundraising plans, or what assets would be included in the listing. But the IPO could raise up to $1 billion, based on the potential number of shares it plans to issue and their estimated value.