After relocating to Jakarta in 2013, he needed just three years to help OPPO grab a 20% market share in Indonesia. Duans net worth was estimated at $1.5 billion, according to the 2018 Hurun China Rich List. It also produced video-game facilities, which made a profit of more than 200 million RMB during 19941995. More than one year after the little one's arrival, the pair . He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman). Duan Yongping News and Updates from The Economictimes.com. Prior to his relocation Duan also set up a charitable foundation, making a large donation to Zhejiang University (also the alma mater of Colin Huang). Ma is relinquishing a role that he has held for more than three decades. . Some are even talking about J&T as the new logistics arm of Pinduoduo. He was born on 4 January 1961, in Nanchang, Jiangxi, China, . After he won an auction to attend a charity lunch with Warren Buffett in 2006, Duan took the then 26 year-old Huang with him. Random Posts. Still, as of last week, its rapidly expanding operation was manned by nearly 15,000 staff and it had started making deliveries in larger cities. Ding then introduced him to Duan Yongping, an investor and entrepreneur behind smartphone firms Oppo and Vivo, who won a bid to have lunch with Warren Buffett in 2006, and took Huang with him . Born on 10 March 1961 in Nanchang, Jiangxi, China, Duan entered Zhejiang University in 1978, majoring in wireless electronics engineering. Keyman risk has become a topic of greater concern for investors in some of Chinas largest firms (see WiC424), after JD.coms chairman and CEO Richard Liu was arrested two years ago in Minnesota on allegations of sexual assault. Last Update. Once derided as cheap iPhone . The Enlight Foundation funds organizations with a left . He is the founder of both the Subor Electronics Industry Corporation and BBK Electronics Group. Two years ago Pinduoduos Huang told journalists that his start-up would never touch on the logistics and delivery business because it was too costly and that the others have been doing it too well. Duan entered the career as Businessperson In his early life after completing his formal education.. Born on 4 January 1961, the Businessperson Duan Yongping is arguably the worlds most influential social media star. Go beyond the headlines on all the top stories, And dive deeper into the key themes shaping China today, A new dark horse with OPPO links shakes up Chinas courier industry, BBK Electronics Corp chairman Duan Yongping. Duan Yongping: Circle of competency is not a circle you draw on the ground and tell others I don't want to go out inside of the circle. Sorry, you have not enabled Javascript for your internet browser, so some of our website's pages may not render as fully as intended.Please Click here for easy instructions on how to enable Javascript on your browser or consult your IT support staff for help. Bizprofiler360.com.This domain provided by godaddy.com at 2020-11-04T09:55:04Z (1 Year, 196 Days ago), expired at 2022-11-04T09:55:04Z (0 Years, 168 Days left). The 55 year-old retired last year as chairman of Alibaba although he has retained a key position on the committee that decides appointments at the Alibaba Partnership, a cornerstone for the companys longer-term planning. Coming just a few hours after Ping Ans reshuffle, e-commerce firm Pinduoduo announced that its 40 year-old founder Colin Huang was leaving his position as company CEO. His age is 65. Daughter from Nng is a 2002 documentary film about an Amerasian, Heidi Bub, meeting her biological family in Da Nang, decades after being brought to the United States in 1975 during Operation Babylift at the end of the Vietnam War Plot. Ping An makes years biggest property purchase, Lufax looks for profit in new loan landscape, China battles to contain the coronavirus outbreak, Covid-19 chaos puts the brakes on BRI projects. Ma has never confirmed the reports that he once worked as a driver for Yuan (it was unusual for government officials to travel in private vehicles back then). Wanna follow Duan Yongping's net worth? No responsibility will Top Trending Terms. Duan made Subor appealing to both kids and parents, and it's still an iconic brand for Chinese born in the '80s and '90s. He was undeterred by the danger as he thought he would come across more opportunities driving around some of Chinas most pro-reform cities. Once derided as cheap iPhone . You searched for: Author "Duan, Yongping" Remove constraint Author: "Duan, Yongping" Start Over. It is said that his birth brought about a positive change in his family's fortunes because that same year, his parents both got jobs at what is now known as the Nanchang Institute of Technology. Another difference is that Peter Ma has nothing like the personal stake that Colin Huang enjoys in his company. China Entrepreneur notes that Chen was a classmate of Huangs during a stint at the University of Wisconsin-Madison, and that Chen has worked alongside his former boss since his first business venture Xinyoudi (founded after Huang left Google and in which Duan invested too). He [Duan] has repeatedly educated me that I need to do the right things, Huang told Time Caijing, a financial website, in an interview in 2017. Duan Yongping Net Worth & Basic source of earning is being a successful Egyptian Businessperson. Ma will also head a newly formed core management team that comprises Ping Ans three co-CEOs. Short seller Citron is shorting NIO, says stock should go back to $25, Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce, Xiaomi's MIUI surpasses 500 million monthly active users worldwide, Education stocks soar with reports that China will resume after-school tutoring, Huawei posts sales revenue of about $71.3 billion in first 3 quarters, MSMEs call for stronger women empowerment on digital transformation. Contact. publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. As soon he graduated from college, he started his career as a teacher and joined the adult education centre of the Beijing Radio Tube Factory. Ma junior then took a job as a driver after high school, ferrying explosives to construction sites. This is not the first time Duan has made such a high-risk short-term move. Due to his success in the stock market, and philanthropic activities, he has been called the Chinese Buffett. Or was it? Citation in PubAg 7; Full Text 3; Journal. An investment firm controlled by the Shenzhen government is the second biggest shareholder with a 5.27% stake (but there is no government representative sitting on its board suggesting the states role is a relatively passive one). I used to tell a story: a farmer was working on his fields with a dog and a wild rabbit appeared. Lee explained. Jack Mas baby would blossom into Chinas biggest online marketplace with a business model not wholly dissimilar to Admarts. , But Duan Yongping doesn't like the idle life. Learn How rich is He in this year and how He spends money? This may have been a marketing gimmick for an industry poised for a reboot, ThePaper.cn noted. For the time being, most of Pinduoduos online orders are being delivered by the Tonglu firms. They only had 3000 RMB cash but owed 2 million RMB debts. Duan was an angel investor in Pinduoduo, although he had taken Huang under his wing a long time previously. They only had 3000 RMB cash but owed 2 million RMB debts. At the very least, it no longer wants to count on couriers affiliated more closely with its bitter rival Alibaba. This is the biggest endowment in recent years for higher education in mainland China. Born on 4 January 1961 in China, Duan Yongping started his career as Businessperson . But unlike many of the other major tech firms it doesnt have a dual shareholding structure (Alibabas 37 partners own no more than 15% in the company, for instance, but control a majority of the voting rights). Duan Yongping was born on 10 March 1961, in Nanchang, Jiangxi, China. Looking at taobao.com, the pirated version of the charger also supports the dynamic power adjustment function, selling for about $10.8. Duan Yongping, known as the "godfather" of China's smartphone industry, also made a fortune during the recent GameStop short squeeze. Stay up to speed withwhats happening in China! But the cost of delivering goods to them was unmanageable. But founder Jet Lee says the main rationale for coming into the ultra competitive Chinese market is to defend itself. News. Duan earned the nickname of the "Chinese Buffett" after spending over $600,000 to have lunch with Warren Buffett. After Philip II left, Flanders did diabetes drugs heart rate not have only one court, but one hundred and fifty. After intense discussions, Yongping and Tony Chen decided to create a new company and that's how Oppo came into being, in the year 2005. Also learn how He earned most of networth at the age of 59 years old? In this perspective Huang could also be heeding the advice of his long-term mentor Duan Yongping, the low-key tycoon behind smartphone brands such as OPPO and Vivo. Thailands Charoen Pokphand Group (see WiC242 for the Thai giants dealings in China) owns a 22% stake in the companys Hong Kong-listed stock, which translates into about 9.3% of the Shenzhen groups overall shares. Perhaps tellingly, Huang has promoted Chen Lei, his chief technology officer, as his replacement as CEO. The biggest risk to hold Chinese stocks, taking Alibaba and Tencent as examples . He climbed the ranks as a salesman and was promoted to become BBKs regional head in the provinces of Zhejiang and Jiangsu. He is currently single. Duan Yongping's comment on the bull. Currently, He is living in Jiangxi, and working as Businessperson. On July 1, two CEOs resigned on the same day from positions at nationally-prominent firms. Pinduoduo and J&T Express will be a natural partnership. After he won an auction to attend a charity lunch with Warren Buffett in 2006, Duan took the then 26 year-old Huang with him. Many did. View popular celebrities life details, birth signs and real ages. Instead, Lee relishes the challenge, calling for a corporate spirit of running for our life hence the firms branding as Extreme Rabbit. Reportedly Yuan was impressed by the intellect of the untalkative Ma, putting him in charge of the human resources department at a state-owned industrial park run by China Merchants Group. Born on 10 March 1961 in Nanchang, Jiangxi, China, Duan entered Zhejiang University in 1978, majoring in wireless electronics engineering. The start-up could have hit the ground running much earlier, 36Kr pointed out, but the Covid-19 outbreak disrupted its rollout. But the five year-old logistics firm is now targeting an even bigger market: China. Scroll Down and find everything about him. He is a member of famous with the age 60 years old group. Discover Duan Yongping's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. - KrASIA (China) News Summary: In the first of this three-part series, we take a look at Duan Yongping's childhood and university years, and how they shaped the man he was to become. But Duan believes in value investing and insists on investing only in stocks he understands and did not choose to short GameStop just because he thought the company was going to collapse. Go beyond the headlines on all the top stories, And dive deeper into the key themes shaping China today, The founders of Ping An and Pinduoduo are both stepping down, Aping the Alibaba model? One view is that Huang still harbours the ambition of seeing Pinduoduo outgrow the likes of Alibaba and Tencent but that he wants to avoid the distractions created by holding the media moniker as one of Chinas richest people. However, which market is not fiercely competitive here? Born in Jiangxi province in 1961, Duan Yongping graduated from the Department of Radio Engineering at Zhejiang University. The farmer asked you are such a big dog, why cant you catch a rabbit. Many believe that Duan is near the top of the wealth leagues (see WiC409) but he was also 40 when he started to withdraw from the media limelight and moved to the US, according to Leiphone, a tech news site. Duan Yongping Adds 100K Shrs of TENCENT ADR for $25M. The views expressed in these The Week in China website and the weekly magazine publications are owned Duan is the reclusive billionaire who founded Oppo and Vivo, the twin smartphone brands that dealt the world's largest company a stinging defeat in China last year. Duan Yongping is a Chinese billionaire entrepreneur and electrical engineer. Duan Yongping went to Guangdong after graduating from the National People's Congress, and later joined Xiaobawang and developed the factory into a giant with annual revenue of 2 billion. For J&T, a partnership with Pinduoduo might bring brand awareness but it could also provoke boycotts from Pinduoduos [e-commerce] rivals, Huxiu.com believes. We recommend you to check the complete list of Famous People born on 10 March. Email. Together with William Ding Lei, Duan donated US$40 million to Zhejiang University in September 2006. The 65 year-old will stay on as chairman, focusing on strategy, staff talent and corporate culture, Ping An said. involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. Since 2000, among the 22 people who have lunch with Buffett, there are 4 Chinese (Duan Yongping later immigrated), they are Duan Yongping in 2006 ($620,000); Zhao Danyang in 2009 ($650,000) ; Zhu Ye ($2.34 million) in 2015 and Justin Sun ($4.56 million) in 2019. The revelation seems to confirm reports in March that Alibaba was planning to buy a stake of up to 15% in the Shenzhen-listed firm. According to our Database, He has no children. SF Express has also been trying to tap the last-mile market via Hive Box, a unit that operates pick-up and drop-off stations nationwide (see WiC358). In mainland China, he is regarded as an innovative and inspiring business figure. The deal was rumoured to be worth about $800 million and it would be Alibabas fifth major investment in a courier from the Tonglu gang. he is one of famous Businessperson with the age 60 years old group. As internet giants such as Alibaba and Tencent start to reach more consumers in Southeast Asia through platforms such as Shopee and Lazada, their courier partners from China will come and attack those markets too. He is the. And, of course, Pinduoduo also has a commercial interest in making J&T a success in order to establish a delivery network that rivals those of its main competitors. In 2009, Both Oppo and Vivo started their operation in smartphone production and become the biggest pillars in the success of BBK and . Popularly known as the Businessperson of China. He also studied in CEIBS as an EMBA student for two years. A fuller national rollout is expected in the summer, as the company fills out the last mile of its network by recruiting franchisees in more remote areas. Among them, Justin Sun's experience of eating with Buffett is the most "legendary". Phytopathology 4; Molecular plant-microbe interactions 2; Applied and environmental microbiology 1; HortScience 1; The Beautiful Daughter Trio. According to his previous postings on Chinese social media platforms, he sold put options on Tesla three times last January, July, and December, with gains in the tens of thousands of dollars each time. Author Andy Lin Posted on 07/04/2022 10/03/2022 Categories US Stock Market, AntiTrust, Business Diversity, Duan Yongping, Geopolitics, Warren Buffett Tags AAPL, BRK.A, BRK.B, Huawei, MSFT Leave a comment on How does Apple make money? publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. The frustrated industrialist The interlocking guanxi doesnt end there. Up to 40% of orders on its own platform were taking more than seven days to deliver. He is not dating anyone. One factor in their very different fates was the size and growth potential of Chinas consumer market. From 2002 to 2004, he was the second largest individual shareholder (with more than 10% at peak) of NetEase after William Ding Lei. Renowned investor Duan Yongping announced that he has acquired 100,000 shares of Tencent Holdings Limited (TCEHY.US . Duan Yongping (Chinese: ; pinyin: Dun Yngpng; born 1961) is a Chinese billionaire entrepreneur and electrical engineer. With the 32 year-old Ma as boss and funded by China Merchants, the insurance unit started out with 13 staff and a bicycle. Otherwise it's not. After graduation, he became a teacher at the adult education center of the Beijing Radio Tube Factory. Extreme Rabbit is the brainchild of a haigui (a returning sea turtle, or mainland Chinese coming back from a period studying or working overseas). In this perspective Huang could also be heeding the advice of his long-term mentor Duan Yongping, the low-key tycoon behind smartphone brands such as OPPO and Vivo. In order to leave the job smoothly, he decided to take the postgraduate entrance examination of the National People's University. . Within two weeks Huang would give up his position in the index, stepping down as company CEO and pledging to donate a 2.37% stake in Pinduoduo to Starry Night, his new charitable foundation. Duan Yongping (Chinese: ; pinyin: Dun Yngpng ; born 1961) is a Chinese entrepreneur, electrical engineer, and philanthropist. Yet the title created problems as onlookers questioned whether Ping An was a private-sector company or just another state-owned financial firm. He is not dating anyone. Sponsored by HSBC. Read More. Thats how the Tonglu gang will react to J&Ts sudden appearance in China. Zhongyou secured a business licence in March and is now recruiting franchisees to join its network. Jun 9. Sorry, you have not enabled Javascript for your internet browser, so some of our website's pages may not render as fully as intended.Please Click here for easy instructions on how to enable Javascript on your browser or consult your IT support staff for help. According to China-Venture, Duan sold 100 GME naked call options (equivalent to 10,000 GME shares) that expire on February 12 a few days ago, giving him a profit of more than $400,000 based on a $40-a-share premium. therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein. In WiC374 we wrote about how it had provoked a row with logistics giant SF Express about customer information. Back then, Beijing Electron Tube Factory was the largest electron tube manufacturer in Asia, with nearly 10,000 employees. 2009-2022 Week in China is published weekly by ChinTell Limited, a company based in Hong Kong. It's worth noting that Duan had previously studied the fundamentals of GME, which he thought had a poor business model and was going to break down before long. In 2006 he paid USD 600,000 to become the first Chinese to have lunch with Buffet, his hero. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman). "They made a lot of great things, like their operating system, but we . Schedule. They complement each other, notes Huxiu.com. Duan Yongping was born on 10 March, 1961 in Nanchang, China. In a letter to staff, Lee also acknowledged that the competition in China would be brutal. The Xiaobawang learning machine was popular all over the country. "" . Is collective decisionmaking going to be a wider trend for Chinese firms? Please only use it for a guidance and Duan Yongping's actual income may vary a lot from the dollar amount shown above. Focus 10: The Battle for Chinas Internet. Duan Yongping was born on March 10, 1961 Nanchang, Fujian, China. That has made e-commerce a much more viable business in cities in mainland China (and relatively less so in Hong Kong, where the costs of land, rent and labour are so much higher). Huang seems determined to make the point that he is not interested in becoming Chinas richest man, China Entrepreneur remarked, with a number of tech news portals coming to a similar conclusion. Secretive billionaire reveals how he toppled Apple in China. The large players set out to squeeze the life out of lessor competitors and newcomers, and then they split up the market share of those who have collapsed, it wrote. Duan Yongping, known as the "godfather" of China's smartphone industry, also made a fortune during the recent GameStop short squeeze. The coronavirus outbreak has also highlighted the importance of reliable courier partners. Duan Yongping was born in 1961. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman). According to 21CN Business Herald, his father was a Red Army veteran who fought all the way from his native Jilin province (which borders Russia and North Korea) to Chinas deep south, helping to liberate Guangdong. In 1995, he left Xiao Ba Wang and founded BBK Electronics. Just about everyone had concluded that the market had become more than saturated making the sudden appearance of an aspiring new force all the more surprising. If you take a closer look at Duan Yongping's words, it seems that the . Mr. Yongping entered Zhejiang University in 1978, majoring in wireless electronics engineering. How does J&T fit in with Pinduoduos plans? The surge in delivery volumes has come with slumping charges for handling, mind you. He is widely considered to be the mentor of Pinduoduos founder Colin Huang. Duan Yongping Oppo Vivo | THE BRIEFCASE. Duan's net worth was estimated at $1.5 billion, according to the 2018 Hurun China Rich List. After successfully generating more than 1 billion Yuan from the "Subor" gaming console, a competitor to the Nintendo . Yongping Duan Zhengfei Guan Citrus huanglongbing (HLB), or greening, is the most destructive citrus disease worldwide and is threatening the sustainability of the industry in major citrus-growing . Based on the companys latest market value Huang has given up nearly Rmb100 billion in net worth, according to China Entrepreneur magazine. This is one of the riskiest of the various short-term financial operations and is typically an operation of low returns but high risks. However, the share transfers have reduced his stake in Pinduoduo to 29.4% from 43%. Leveraging OPPOs retail network, Lee set up J&T Express in 2015. In mainland China, he is regarded as an innovative and inspiring business figure. He is currently single. He has a pure loving kind heart personality. Dwayne Douglas Johnson has three daughters -Simone Alexandra, Jasmine, and Tiana Gia Johnson. Why is Huang stepping down as company CEO at such a young age? 20 Mar, 2017, 04.09 PM IST. . So, how much is Duan Yongping worth at the age of 60 years old? Many believe that Duan is near the top of the wealth leagues ( see WiC409 ) but he was also 40 when he started to withdraw from the media limelight and moved to the US, according to . Yongping Duan; Frontiers in Plant Science. Yunda Express published its annual report last week and analysts were quick to spot that Alibaba has been enlisted as one of its shareholders with a 2% stake. involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. In effect, Huang is incentivising the next generation of Pinduoduo leaders. In Yiwu, a trading hub for small manufacturers, some couriers were offering to deliver parcels at prices of Rmb0.8 a piece last month.
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