Dreame (IFC-50408)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • China
  • Malaysia
  • Thailand
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Southeast Asia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Dreame Technology (Suzhou) Co., Ltd.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 11, 2026

Disclosed by Bank Mar 11, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, IFC will provide an A Loan of up to US$60 million, to support the Company’s planned development of a local ecosystem for product development, procurement, production, and distribution in Southeast Asia – initially focused on Viet Nam, Malaysia, and Thailand. IFC will also mobilize additional term lending from commercial banks.

Dreame Technology (Suzhou) Co., Ltd, established in 2017 and headquartered in Jiangsu province, China, is a fast-growing developer and manufacturer of energy-efficient cleaning and small home appliances.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012). Based on information reviewed by IFC, the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible and readily addressed through existing mitigation measures and good international industry practices (GIIP).

Key E&S issues and risks associated with the project include: capacity and management systems to assess and undertake operations in accordance with IFC PSs including E&S performance of OEM in its supply chain; contractor management; labor and working conditions for local and migrant workers (if any) including occupational health and safety (OHS), overtime, gender-based violence and harassment (GBVH); life and fire safety including screening of retail outlet locations and emergency preparedness and response (EPR); and stakeholder engagement and grievance mechanism.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC’s proposed investment is an A Loan of up to US$60 million.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Dreame Technology (Suzhou) Co., Ltd, established in 2017 and headquartered in Jiangsu province, China, is a fast-growing developer and manufacturer of energy-efficient cleaning and small home appliances.

Mr. Yu Hao is Dreame’s single largest shareholder, with direct ownership of 31.15%. His total effective stake amounts to 62.30%, while the remaining financial investors hold minority stakes in the Company.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Dreame Technology (Suzhou) Co., Ltd Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For Inquiries About the Project, Contact:
Dreame Technology (Suzhou) Co., Ltd.
WANG Ze Hao
Finance Manager
+86.139 6213 7812
wangzehao@dreame.tech
2288 Wuzhong Avenue, Suzhou, Jiangsu 215000, China
https://global.dreametech.com/

Local Access of Project Documentation:
2288 Wuzhong Avenue, Suzhou, Jiangsu 215000, China

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works