The latest China rich list, China’s Tycoons, published by , names 125 mainland billionaires. Included are many older magnates who made their money in well-worn sectors like textiles and construction. Much more interesting are the younger entrepreneurs. Here are three of the most inspiring, relatively youthful businessmen and women who have made their fortunes in very competitive and different areas. Their stories highlight that success is only limited by imagination and determination and often involves initial setbacks and a daring attitude to risk.
Wang Wei is one of China’s most intriguing billionaires. So much so that private equity firms have reportedly offered 500,000 yuan (HK$634,096) to any middleman who can arrange dinner with him.
His company SF Express – the Chinese version of Fedex – grew its reputation by word of mouth. They never advertise. Founder Wang, 41, declined all media interviews until 2011, keeping such a low profile that in 2010, Hong Kong’s magazine, fascinated to learn more, sent an undercover reporter to work for SF Express for three months.
Born in Shanghai, recounts Wang’s move to Hong Kong as a child. He founded SF Express in 1993 with a US$13,000 loan from his father, formerly a Russian interpreter for the People’s Liberation Army air force. From six delivery men, including Wang, and a van, SF Express grew its cross-border express delivery services. He was, says , among the earliest parallel traders to shuttle across the Hong Kong-Shenzhen border.
