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Entrepreneur Of The Year China - 2008 Winners - EY - China

Entrepreneur Of The Year China2008 Winners

Entrepreneur Of The Year China - 2008 Country Winner
Industrial Products Category winner

Cao Dewang
Chairman
Fuyao Glass Industry Group

In 1985, Cao Dewang set up Fuyao Glass, China's first domestic auto glass maker, determined to break the dominance of foreign imports in the auto glass market.

Fuyao Glass is now China's biggest auto glass maker, with over 50% share of the overall market, with strength in the middle to high-end passenger vehicle market, where it commands a 71% market share.

Fuyao Glass has been successful penetrating international markets, competing against better-known global rivals. Today, it ranks fourth globally, and export sales have almost doubled to RMB1.46 billion in 2007 in the space of two years.

At present, Fuyao Glass supplies all of the top 10 car makers operating in China, and also supplies well known manufacturers such as Audi, Mercedes-Benz, Bentley and Daimler Chrysler.

The company is growing fast and strives to catch up with top global players in the next five years. Group sales increased by 33% and 28% in 2006 and 2007 respectively.

Cao is a well-known philanthropist in China.

Emerging Entrepreneur Of The Year Category winner

Christian Heilesen
Chief Executive Officer
Funmobile Holdings Ltd.

Christian Heilesen started Funmobile in Hong Kong when he was 18 years old, developing games for mobile phones. Over the past five years, he has led the company to become a leading global provider of mobile games, ringtones, downloads, and phone voting platforms for television.

The company distributes content globally, through over 100 mobile phone operators in 28 countries.The company's success is also based upon a successful strategy of selling directly to consumers through its own website. Today, its own web platform has one million subscribers, allowing it to bypass revenue-sharing agreements with mobile phone operators.

Funmobile is one of the few wireless gaming companies that develops its titles in Hong Kong, and differentiates itself by strong research spending. Heilesen's overseas expansion has helped the company deliver exponential growth. It plans to raise its profile further through an IPO in the future. Funmobile sponsors the International Mobile Gaming Award, a global competition for the best mobile phone game design, development and programming.

Emerging Entrepreneur Of The Year Category winner

Jiang Kai, Johan
President
Dragon Power Co., Ltd

Jiang Kai started Dragon Power in 2004. In less than five years it has become the leading biofuel company in China. The company has an estimated 95% market share of the biofuel industry in China, being the biggest seller of biomass boilers,and the biggest maker and operator of biofuel power plants, selling the generated electricity to the government.

Jiang is a pioneer in the biofuel industry in China. The biofuel industry didn't exist in China until Dragon Power, but Jiang believed that renewable energy could provide social and environmental benefits, and be profitable.

He also acts as an economic adviser to the Shandong provincial government on policy matters. Dragon Power has built 14 biofuel power plants in China, and it has also built power plants in Asia including Japan, and expects to sell to Europe soon. It has engaged in M&A, buying a Danish company for its technology, which has become its primary source of research and development.

Consumer Products Category winner

Ding Shizhong
Board Chairman and Chief Executive Officer
Anta Sports Products Ltd.

Ding Shizhong was convinced he could build a homegrown sports brand to rival global sports companies in China. Over the past 15 years, Ding has built Anta Sports into one of China's best-known brands of sports footwear, clothing and accessories.

Today, Anta has 7% market share of China's branded sports gear market, making it the second biggest domestic sports brand. Anta is not far behind other renowned global brands in China.

Behind's Anta's success is a highly effective branding strategy, including sponsorship aligned to its target sports such as table tennis, volleyball and basketball. The company has been successful by pursuing a middle-market strategy, differentiating itself from more expensive brands such as Nike.

Anta has 5,193 authorized retail outlets nationwide, employs 12,500 people, and has set up a sports science laboratory focusing of technological innovation.In 2007, revenue was RMB3.2 billion, a 155% increase from 2006.

Consumer Products Category winner

Zhu Xinli
Board Chairman and Group President
China Huiyuan Juice Group Ltd.

In 1992, Zhu Xinli started Huiyuan, the first juice company in China, as a way to make use of the oversupply of fruit in his hometown.

Today, Huiyuan is China's biggest fruit juice company, with 10% of the national juice market. Its strength is in premium products, where it commands 44% of the pure juice market and 42% of the nectar market. Diluted juices, with added sugar and water, remain the most popular segment but premium products are gaining in popularity. Globally, Huiyuan exports to over 30 countries, including a Wal-Mart contract to supply 3,000 US stores.

Revenue jumped 29% to RMB2.7 billion in 2007 from a year earlier. Huiyuan's record-breaking HK$2.76 billion IPO in Hong Kong in 2007 was 938 times subscribed, making it one of the most popular IPOs in the territory ever.

Zhu works with local governments to improve villages, and builds partnerships with fruit growers to support farming communities. He has won social responsibility awards and he had donated over RMB130 million over the past 16 years. The company is subject to a takeover bid by Coca-Cola, pending regulatory approval.

Consumer Products Category winner

Zhu Yicai
Chairman & Executive Director
China Yurun Food Group Ltd.

Zhu Yicai started in the meat processing business in 1990 with just RMB200, and later went on to establish Yurun, one of the first companies to make ready-to-eat packaged meat products in China.

Today, Hong Kong-listed Yurun is the market leader with 25% share of the so called Low-Temperature Meat Products (LTMP) market in China, essentially pre-cooked convenience foods which can be eaten right away or quickly reheated.

Zhu was quick to see that the urban professionals were getting wealthier and busier, creating a huge market for high-quality convenience foods. At the time, canned goods were the only alternative for consumers.

Yurun has grown quickly, acquiring some 30 loss-making state-owned companies and making them profitable. Zhu is an advocate of food safety standards. He also tries to help society's marginalized, employing some 15,951 people who have lost their jobs at state-owned enterprises and more than 9,000 rural laborers.

A philanthropist, Zhu supports the Guangcai program, and has donated RMB30 million to the earthquake ravaged areas in Sichuan. Zhu was elected as a representative to the National People's Congress for two consecutive terms (2003 and 2008).

Industrial Products Category winner

Raymond Lee
Chief Executive Officer
Lee & Man Paper Manufacturing Ltd.

Raymond Lee established Lee & Man Paper Manufacturing in 1994, with an initial investment from his father. The company makes paper and packaging used to make cardboard boxes and cartons.

The company listed in 2004 after experiencing rapid growth, becoming an integral part of China's domestic and international trade. The company has a 12% market share of China's massive containerboard market.

Lee & Man has recorded significant growth of more than 3 times in sales and profit over the past four years. Turnover in fiscal 2008 rose 74% from a year earlier.

Lee has invested heavily to find ways to protect the environment. The company now adopts a production method that has slashed the amount of water and coal used in the paper manufacturing process.

The company sources recyclable paper from the US for its products, and is undertaking a huge tree planting project in China to ensure resources are renewed.

He has received the Bronze Bauhinia Star and is a member of the 11th CPPCC National Committee. He is also Chairman of the Environmental Protection Committee of the Federation of Hong Kong Industries.

Real Estate Category winner

Pan Shiyi
Chairman
SOHO China Ltd.

As chairman of SOHO China, Pan Shiyi is a leading real estate developer in China. With a bold architectural vision, Pan is responsible for some of the most dynamic and modern landmarks on Beijing's emerging skyline.

SOHO China is the biggest commercial landlord in Beijing's Central Business District, rolling out high-quality, innovative buildings in prime locations, catering to high net worth individuals and urban professionals.

It's completed developments in central Beijing include SOHO New Town, Jianwai SOHO, SOHO Shangdu and Chaowai SOHO. Turnover in 2007 was RMB7 billion, a 300% increase from 2006.

In October 2007, SOHO China listed in Hong Kong, the largest IPO from China's private sector and the largest IPO for an Asian commercial real estate developer.

As one of the most admired companies in China's real estate industry, SOHO China has won numerous business awards in recent years. Pan is a representative of the Beijing People's Congress.

Services Category winner

Fan Min
Co-Founder and Chief Executive Officer
Ctrip.com

Fan Min has built Ctrip into a leading online travel agency in China, with an estimated market share in excess of 50%. The NASDAQ-listed company offers hotel reservations, airline tickets and packaged tours to business and leisure travelers in China.

Fan set up the online company with three other partners in 1999, and today the company has 20 million registered members and operates Asia's largest call center in the travel agency business.

A veteran of the travel and hospitality industry, Fan helped the company develop a customer-centric approach, which helps the company differentiate itself from its rivals. Ctrip has 10 branches and operates in 49 cities. Revenue in 2007 increased by 54%.

The company has won a variety of awards including for its workplace and as an exciting growth company. Fan set up the Sunshine Children's Fund earlier this year to help orphans following the Sichuan earthquake in 2008.

Services Category winner

Freddie Wong
Chairman and Founder
Midland Holdings Ltd.

Freddie Wong started Midland back in 1973 in a small office with just two employees.

Today, Midland is one of the two biggest real estate agency groups in Hong Kong, and has 578 branches in Hong Kong, Macau and mainland China. It was the first property agency to list in Hong Kong, and now has two quoted companies in the territory.

The market capitalization of the flagship company was HK$3.5 billion as of 30 June 2008, 14 times higher than when it listed in 1995. In 2007, revenue rose by 92% to HK$3.9 billion.

Midland's success has been built on innovation and leadership. The company pioneered the use of contracts for property viewings, a practice now widely adopted by the industry, and also the mortgage referral program. In addition, he introduced new marketing ideas to Hong Kong, including the "Open House" concept.

Wong has set up his own charitable foundation. The company is committed to contributing 0.1% of its total commission revenue to the foundation for the benefit of charitable causes.

Services Category winner

Michael Yu
Founder, Chairman and CEO
New Oriental Education & Technology Group

Michael Yu founded the largest and most successful private educational services provider in China. New Oriental is the best known brand for private tuition in China, with over five million students who have enrolled to learn better English or pass college entrance requirement tests.

New Oriental opened in 1993, specializing in teaching exam techniques for TOEFL and GRE.

Within years, New Oriental established itself as the market leader, with an 80% share of the overseas test preparation market.

The company now runs 207 schools and training centers across 35 cities in China, and is the authorized local publisher and distributor of educational materials for TOEFL, GMAT, GRE, Cambridge University Press, among others.

Listed on the New York Stock Exchange, New Oriental posted compound annual growth of 35% in revenue and 60% in net profit between 2004 and 2008.

Yu's dream is to use personal funds to build China's fi rst private university for the poor and turn it into the "Harvard of the East".

Yu is a member of the Chinese People's Political Consultative Conference and is also a judge for a famous TV show about budding entrepreneurs.

Technology Category winner

Huang Ming
Chairman
Himin Solar Energy Group

Huang Ming started Himin Solar in 1996, driven by a dream of preserving "blue skies" for future generations. The privately-owned company is the world's biggest supplier of solar water heaters. China's solar water heater market is the biggest in the world, thanks to Himin Solar's efforts in promoting the use of renewable energy to power sustainable growth in China.

Himin Solar's products are environmentally friendly, providing a clean, renewable and economical alternative to using gas and electricity to heat water. Huang's vision is for solar heaters, which make up 20% of the heater market in China, to completely replace electric and gas water heaters throughout China in the next 10 years.

Huang is a pioneer and an innovator. His company holds some 300 patents and he actively engages in promoting sustainable development policies, including helping the passage of China's first Renewable Energy Bill, which became law in 2005.

Huang is also developing an ambitious Solar Valley project in China, which he envisions to be a Silicon Valley-like project in Shandong province, by creating a hub for the entire renewable energy industry in China. The Solar Valley will play host to the 2010 International Solar Cities Congress.



 Introduction

 Awards Gala

Entrepreneur Of The Year China -
2008 Country Winner
Industrial Products Category winner

Cao Dewang
Chairman
Fuyao Glass Industry Group

In 1985, Cao Dewang set up Fuyao Glass, China's first domestic auto glass maker, determined to break the dominance of foreign imports in the auto glass market.

More


 Introduction

 Awards Gala

Emerging Entrepreneur Of The Year
Category winner

Christian Heilesen
Chief Executive Officer
Funmobile Holdings Ltd.

Christian Heilesen started Funmobile in Hong Kong when he was 18 years old, developing games for mobile phones. Over the past five years, he has led the company to become a leading global provider of mobile games, ringtones, downloads, and phone voting platforms for television.

More


 Introduction

 Awards Gala

Emerging Entrepreneur Of The Year
Category winner

Jiang Kai, Johan
President
Dragon Power Co., Ltd

Jiang Kai started Dragon Power in 2004. In less than five years it has become the leading biofuel company in China. The company has an estimated 95% market share of the biofuel industry in China, being the biggest seller of biomass boilers,and the biggest maker and operator of biofuel power plants, selling the generated electricity to the government.

More


 Introduction

Consumer Products Category winner

Ding Shizhong
Board Chairman and Chief Executive Officer
Anta Sports Products Ltd.

Ding Shizhong was convinced he could build a homegrown sports brand to rival global sports companies in China. Over the past 15 years, Ding has built Anta Sports into one of China's best-known brands of sports footwear, clothing and accessories.

More


 Introduction

Consumer Products Category winner

Zhu Xinli
Board Chairman and Group President
China Huiyuan Juice Group Ltd.

In 1992, Zhu Xinli started Huiyuan, the first juice company in China, as a way to make use of the oversupply of fruit in his hometown.

More


 Introduction

Consumer Products Category winner

Zhu Yicai
Chairman & Executive Director
China Yurun Food Group Ltd.

Zhu Yicai started in the meat processing business in 1990 with just RMB200, and later went on to establish Yurun, one of the first companies to make ready-to-eat packaged meat products in China.

More


 Introduction

 Awards Gala

Industrial Products Category winner

Raymond Lee
Chief Executive Officer
Lee & Man Paper Manufacturing Ltd.

Raymond Lee established Lee & Man Paper Manufacturing in 1994, with an initial investment from his father. The company makes paper and packaging used to make cardboard boxes and cartons.

More


 Introduction

 Awards Gala

Real Estate Category winner

Pan Shiyi
Chairman
SOHO China Ltd.

As chairman of SOHO China, Pan Shiyi is a leading real estate developer in China. With a bold architectural vision, Pan is responsible for some of the most dynamic and modern landmarks on Beijing's emerging skyline.

More


 Introduction

 Awards Gala

Services Category winner

Fan Min
Co-Founder and Chief Executive Officer
Ctrip.com

Fan Min has built Ctrip into a leading online travel agency in China, with an estimated market share in excess of 50%. The NASDAQ-listed company offers hotel reservations, airline tickets and packaged tours to business and leisure travelers in China.

More


 Introduction

Services Category winner

Freddie Wong
Chairman and Founder
Midland Holdings Ltd.

Freddie Wong started Midland back in 1973 in a small office with just two employees.

Today, Midland is one of the two biggest real estate agency groups in Hong Kong, and has 578 branches in Hong Kong, Macau and mainland China. It was the first property agency to list in Hong Kong, and now has two quoted companies in the territory.

More


 Introduction

 Awards Gala

Services Category winner

Michael Yu
Founder, Chairman and CEO
New Oriental Education & Technology Group

Michael Yu founded the largest and most successful private educational services provider in China. New Oriental is the best known brand for private tuition in China, with over five million students who have enrolled to learn better English or pass college entrance requirement tests.

More


 Introduction

 Awards Gala

Technology Category winner

Huang Ming
Chairman
Himin Solar Energy Group

Huang Ming started Himin Solar in 1996, driven by a dream of preserving "blue skies" for future generations. The privately-owned company is the world's biggest supplier of solar water heaters. China's solar water heater market is the biggest in the world, thanks to Himin Solar's efforts in promoting the use of renewable energy to power sustainable growth in China.

More


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