He Xiangjian is the chairman and cofounder of GD Midea Holding Co., Ltd. He also acted as a Chairman at Midea Group Co., Ltd. He is currently holding the position of Chairman at Midea America Corp. He is also working as an external director at GSRCBCL (Guangdong Shunde Rural Commercial Bank Company Limited).
The Midea Group has acquired 80% controlling stake in home appliances arm of Toshiba in a cash deal valued at US$500 million. The group also increased its stake to 95% from 13.5% in Kuka, a robot firm based in Germany in a deal valued at US$4 billion.
He started a glass bottles production business with the help of 23 villagers. His Midea Company started the production of electric fans when he was 38. The company was later diversified to add more products like microwave ovens, washing machines and refrigerators that have gained wide acceptance among the Chinese households. Midea group also offers logistic services.
The Midea group has entered into a JV with Bosch, a Germany based company, to sell home appliances across Europe. The company is also roping in other partners to promote the Midea brand in countries like India and Brazil.
Xiangjian was born in October 1942 in Shunder, Foshan, China. He is a generous businessman in China. His hobbies include swimming, and reading of newspapers.
Xiangjian has three children. He is currently living in Foshan. His son – He Jianfeng is holding the position of Director at GD Midea.
Xiangjian has generously contributed US$2.3 million for earthquake relief operations in Qinghai Province. He also established He Xiangjian Foundation to promote cultural causes, education, disaster relief, community development and environmental causes.
Xiangjian has a net worth US$12 billion as on 18 January 2017. He is ranked 136th among the richest persons in the world. He has ranked 6th among the richest persons in China in 2010. His rank dropped to 11th in China in 2011. He has amassed huge wealth from home appliances business. He is now at 8th position among the richest persons in China.