Duan Yongping

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Duan Yongping (Chinese: 段永平, Pinyin: Duàn Yǒngpíng), 1961-, is an outstanding Chinese electric engineer, inventor, and famous entrepreneur [1], Philanthropist [2]. He is regarded as a business hero of modern technology in the mainland China [3]. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman).

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[edit] Biography

Born on 10 March 1961 in Nanchang, Jiangxi Province, Duan entered Zhejiang University in 1978, majored in wireless electronics engineering. After graduation, he became an engineer in Beijing Radio Tube Factory and also studied in Renmin University, obtained a master's degree in econometrics. He also holds a doctor's degree in economics and an MBA.

In 1989, he started his own business and created his own electronic company. Within less than 10 years, he set his business empire and created two very famous brands in Chinese community: Subor (Xiao Ba Wang; Chinese: 小霸王, Pinyin: Xiǎo Bàwáng) and BBK (Bu Bu Gao; Chinese: 步步高, Pinyin: Bù Bù Gāo) and became a young hero of business in China [4].

Duan was one of the founders and former CEO (1989-1995 in office) of Subor Electronics Industry Corporation. At beginning, the company only had 20 workers including himself. They only had 3000 RMB cash but owed 2 million RMB debts. But after Duan's struggle, it quickly occupied the market and jumped to the top producer of the "learning computer" (Chinese:学习机, Pinyin:Xuéxí Jī ). It also produced video-game facilities, which made a profit of 100 million RMB per month during 1994-1995 [5].

28th, Aug. 1995, Duan quited from Subor, and soon founded BBK Electronics Industrial Group in Dongguan, Guangdong Province, whose main product was DVD player. It's also achieved very high business success by having more than 1/5 of the market share. At precent, its also a famous brand in cell phone, telephone and stereo devices [6].

During 2002-2004, he was the second largest individual shareholder (with a percentage > 10% at peak) of NetEase.com after William Ding Lei. Now he pays more attention on the stock market in USA.

[edit] Ranks

  • No.8, Hurun Report 2007 China Philanthropy List [7]
  • No.328, Hunrun Report 2007 China Rich List [8]
  • No.152, Hunrun Report 2006 China Rich List [9]

[edit] Trivia

  • Cooperated with William Ding Lei, they donated US dollar 40 million to Zhejiang University in Sep. 2006. It's the biggest endowment in recent years for higher education in mainland China [10].
  • Duan spent US$ 620,100 to have lunch with Warren Buffett (won the "Power Lunch with Warren Buffett")[11].
  • Due to his success in stock market, he has a nickname of "Chinese Buffett" [12].

[edit] See Also

[edit] References

  1. ^  Hurun Report 2007 China Rich List, No. 328 Duan Yongping's profile.

[edit] Links