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Huang Guangyu Pengrun Group

2005-08-04 18:30:26 CRIENGLISH.com

Age: 37
Birthplace: Guangdong, Shantou
Education: Vocational school
Main company: Pengrun Group
Company headquarters: Beijing
First listing: N/A
Main industries: Household appliances and Beijing real estate

At 17, Huang and his brother moved to Beijing, setting up a business selling low-end household electronic appliances with a $3,600 bank loan. When high inflation struck the country in 1987, Pengrun's business took off. Today it enjoys a 35% market share in China. Pengrun diversified into Beijing real estate in 1996.

Huang Guangyu, also the founder of GoMe Appliances, China's biggest electronics retailer, parleyed soaring demand for appliances and property into a conglomerate that is now expanding into securities and trading.

(Source:Forbes/Photo:Baidu)

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