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Entrepreneur Of The Year China - 2009 Winners - EY - China

Entrepreneur Of The Year China2009 Winners

Entrepreneur Of The Year China 2009 Country Winner - Mainland China Region
Automotive Category winner

Li Shufu
Chairman
Geely Automobile Holdings Ltd.

Li Shufu founded Geely in 1986 as a maker of refrigerator parts, and subsequently moved into decorating materials, motorcycles and then cars. Following his huge success in the motorcycle business in the mid 1990s, Li's ambition was to break into the automotive sector. Li managed to start China's first privately owned automotive company in 1998, in a sector that was then dominated by state-owned firms.

Geely is now China's seventh largest carmaker, manufacturing popular, budget cars. Li succeeded in the car industry despite the capital intensive nature of the business, and without having to resort to importing technology and capital through joint ventures as state-owned firms had done. Geely is now looking to shift up another gear to become a global carmaker. It has bought a stake in the company behind the iconic London taxi cab, and it recently bought an Australian company that is one of the few independent automotive transmission makers in the world.

Li has donated over RMB1 billion, including for the Sichuan earthquake relief effort, education for the poor, universities, research institutes and others. Li ranked 14th among the top philanthropists in China in 2009.

Entrepreneur Of The Year China 2009 Country Winner - Hong Kong / Macau Region
Real Estate Category winner

Vincent Lo
Chairman
Shui On Group

Vincent Lo comes from a real estate background and started out by himself in 1971, borrowing HK$100,000 from this family to start Shui On, a property business, when he was aged 23. His first big breakthrough came in the first two years when he overcame the odds to win a government contract to build public housing in the northwestern outskirts of Hong Kong. From that point, Shui On continued to build a reputation as an innovative property developer in Hong Kong and mainland China. It has two Hong Kong listed companies, Shui On Land Ltd. and Shui On Construction and Materials Ltd.

Lo entered the Chinese property market early, in 1984, giving him an advantage over other developers. Key wins in China include the Xintiandi development in Shanghai. Xintiandi is a modern landmark in Chinese property development, inspiring many Chinese urban planners to rethink the relationship between man and his physical urban environment. At Xintiandi, Lo gave an ageing residential area an entirely new lease of life by turning it into a modern multifunctional hub combining commercial, retail, leisure and residential elements.

Lo continues to be invited by various local governments to advise on their city redevelopment and regeneration projects.

Emerging Entrepreneur Of The Year Category winner

Jack Lau
Chairman and Chief Executive Officer
Perception Digital Group

Dr. Jack Lau started Perception Digital (PD) with two other professors under the Hong Kong University of Science and Technology Entrepreneurship Program (the HKUST Program). PD provides firmware and turnkey solutions for consumer electronic devices.

PD is the largest spin-off from the HKUST Program in terms of the number of staff, which currently stands at 237. Since 2003, PD has sold over 4 million units of leading edge consumer electronic devices utilizing PD technology, including MP3 players, smartphones, high memory USB thumb drives, digital TVs and wellness and fitness products. These products are sold to global electronics brands including Philips, RadioShack, Verbatim and Imation.

PD is strong on innovation, and has filed 39 patents up-to-date. It is considered one of the few Hong Kong based technology companies that licenses its patents for use by international brands.

Emerging Entrepreneur Of The Year Category winner

Luo Lin
Chairman of the Board
Anton Oilfield Services Group

After gaining valuable experience in the oil industry at Sinopec and PetroChina, Luo Lin used his own savings to start his own business in 1999. The company, Anton Oilfield Services, became the first privately-owned Chinese oilfield services company to be publicly traded, listing in Hong Kong in 2007.

Anton provides technical support and assistance to major Chinese oil companies. Services include providing drilling equipment, sand control services and well-cementing services. The company's business covers most of China's oil producing areas, including Daqing, Sichuan, Dagang, Shengli and Nanyang. The company has been growing fast. Revenue has jumped three times from 2006 to 2008, and, sensing opportunities in the downturn, Anton bought two companies to expand and diversify the business. Looking beyond its own borders, it has set up an overseas entity in Dubai in order to explore new opportunities in developing countries.

Those moves have successfully helped it differentiate from other privately owned enterprises in the oilfield services sector in China.

Industrial Products Category winner

Jiang Xipei
Chairman of Board and Chief Executive Officer
Far East Holding Group Co. Ltd

Jiang started Far East Holding in 1990. The company makes cables used in the electric, infrastructure and grid transmission sectors. It has ranked as the No.1 cable manufacturer in China for the past 11 consecutive years with annual sales of RMB7 billion in 2008. In addition to diversifying into pharmaceuticals and real estate, he is also a successful venture capitalist, helping promising young local entrepreneurs list domestically and internationally.

Far East has been supporting the disabled community from the very beginning, employing two disabled workers when the company was started. The company currently employs 1,500 disabled persons, equivalent to 27% of the total workforce. In 2007, he provided RMB83 million to set up the Far East Charitable Foundation to provide special career training fund for the disabled. The Group publishes a Corporate Social Responsibility report, and he is also engaged with other charities and has won various awards in China.

Jiang was a representative to the 16th CPC Congress of the National Congress in 2002. He is also the Vice-Chairman of Global Alliance of Small and Medium Enterprises.

Industrial Products Category winner

Wu Changjiang
President
NVC Lighting Holding Ltd.

Wu Changjiang was the driving force behind NVC Lighting Holding, which is China's largest and best known lighting products provider. The company provides a variety of energy-saving lighting solutions for commercial, office, outdoor and residential use. The company has enjoyed impressive growth since it was formed in 1998, with a compound annual growth rate of 41% in sales.

The company manufactures and distributes through its retail channels. Its formidable sales network includes 35 centers, 1,500 dealers and 2,000 exclusive agents. Its brand has achieved a high level of recognition in China. NVC ranked second in the 'China Venture 50' in July 2009 by Zero2IPO, a data provider for the venture capital and private equity industries.

Today, NVC has four manufacturing bases with 9,000 employees and production capacity of over 100 million units per month. In the community, Wu started a charity called Bright Road in June 2009, where the company is donating LED lamps to four schools in poverty-stricken areas in western China so that 1,600 students will have lit rooms in which to learn.

Retail & Consumer Products Category winner

Clement Hui
Chairman
Dah Chong Hong Holdings Ltd.

Clement Hui has been the man driving Dah Chong Hong's growth and direction over the past 40 years. His bold approach has helped him rise to the top of the company that he joined in 1966 as a young management trainee.

His first big achievement was the success in introducing Isuzu trucks into Hong Kong. Hui has been instrumental in ensuring Isuzu has remained the market leader in trucks in Hong Kong for the past 20 years, consistently holding nearly 50% of the market.

DCH has grown to become a conglomerate with operations in motor vehicles, food and consumer products and logistics in Hong Kong, China, Singapore and Japan. DCH motor dealerships include Audi, Bentley, Honda, Isuzu and Nissan; in food, it distributes brands including Pocari Sweat and Twinings; in consumer goods, it distributes Shiseido and Electrolux, among others. It also operates a retail chain selling frozen foods. Hui was an early starter in China, helping pave the way for sustained growth for DCH over the years. Turnover has jumped over 38 times from the 1980s to HK$19.6 billion in 2008. The company is consistently recognized as a Caring Company by the Hong Kong Council of Social Services.

Retail & Consumer Products Category winner

Ding Shuipo
Chairman and Chief Executive Officer
Xtep International Holdings Ltd.

Ding Shuipo set up Xtep in 2002. Xtep has become a successful homegrown sportswear company by positioning itself as hip and vibrant sportswear brand targeted at the youth market. Xtep currently has a 4.9% market share of China's branded sportswear market, making it one of the largest domestic sportswear brands in China.

Xtep has differentiated itself by creating a brand that combines its hip urban image with sporting excellence. The company has been successful at marketing its brand by working with young entertainers including pop singers as spokespeople for its products, as well as aligning its brand to sporting excellence through sports sponsorships.

The company now has multiple brands, and boasts a network of 5,500 authorized retail outlets nationwide, with a total of some 6,400 employees. It listed in Hong Kong in 2008. In 2008, revenue was RMB2.8 billion, a 110% increase from 2007. Ding is active in the community and his public roles include acting as a member of the 10th Quanzhou City Fujian Provincial Committee of the Chinese People's Political Consultative Conference.

Retail & Consumer Products Category winner

Wu Xiangdong
Chairman
VATS Group

In 1996, Wu Xianglong set up Jinliufu Winery as a trader of liquor products. In 1999, Wu obtained the Hunan distribution rights to Quanjiuwang, a traditional Chinese liquor owned by Wuliangye. Through his marketing efforts, it wasn't long before sales of Quanjiuwang in Hunan ranked the highest among all regions in China.

Following the success with Quanjiuwang, Wu registered Jinliufu as his first trademarked product. Wu outsourced the distilling to Wuliangye, enabling Wu's company to focus on the product marketing and branding aspects of the business.

Wu continued to pursue this business model by acquiring other liquor brands in various regional markets in China and currently has a portfolio of more than 20 well-known domestic brands.

In 2006, Wu established VATS Group as a holding company for Jinliufu and other liquor products. In 2009, turnover reached RMB4 billion.

Services Category winner

David Sun
Cheif Executive Officer
Home Inns & Hotels Management Inc.

David Sun has been the influential leader of Home Inns since 2005, steering Home Inns from a privately owned company to become China's first overseas listed hotel chain. Under his leadership, Home Inns has overtaken its competitors to become the largest budget hotel chain in China in terms of properties and rooms, from 68 hotels in 2005 to almost 550 hotels now. Sales have increased six times over the same period.

His success lies with his uncompromising belief in providing what cost-conscious travelers want by focusing on the basics – providing a good clean room with easy booking and efficient service. He has ensured the hotel chain adopts a consistent, standardized approach to each property, "so wherever you go, you always feel at home".

Home Inns came 21st in the global Top 50 hotel rankings in 2008. In the aftermath of the Sichuan earthquake in 2008, he started a fundraising campaign to collect funds to rebuild school facilities in Sichuan.

Services Category winner

Lu Wenbing
Chief Executive Officer
Inner Mongolia Little Sheep Catering Chain Co., Ltd.

Lu Wenbing is one of the founding shareholders of Little Sheep and joined the management in 2004. Little Sheep operates a hot pot restaurant chain, comprising 127 self-owned restaurants and 248 franchise outlets as of 2008. Revenue increased by 35% on average from 2006 to 2008.

His key achievements include consolidating the franchise operations to strengthen quality and service of the franchise outlets, unifying the brand image, improving the management and operational aspects of the business, and making the company more efficient and competitive. He has steered the company to become the first Chinese hot pot restaurant chain to list in Hong Kong, and has helped the company win a variety of international awards, including for its franchising and its brand.

Little Sheep has contributed significantly to the economic development of Inner Mongolia and has improved the social standing of agriculture and animal husbandry. Lamb demand and prices have surged, helping improve agricultural livelihoods.

Technology Category winner

Richard Xuan
Executive Director and Chairman
China Automation Group Ltd.

Richard Xuan started China Automation Group in 1996 with RMB200,000 in savings. Listed in Hong Kong, the company is now a leading provider of automation safety and critical-control systems for the petrochemical and railway signaling industries in mainland China.

China Automation competes with Honeywell and General Electric in China. Its customers include nearly all the top petrochemical and railway companies in the country, and has 72% market share for automation safety systems in China's petrochemical industry. It has also diversified into providing safety systems for railway signaling, where it has 30% market share in China.

China Automation has global ambitions. It has opened an office in Singapore to tap the export market. In 2007 it bought a Houston, Texas-based turbo machinery company, and is now looking to open offices in Japan and Dubai. The company was added as a constituent stock in the MSCI World Small Cap Index in May 2009.



 Video

Entrepreneur Of The Year China
2009 Country Winner - Mainland China Region
Automotive Category winner

Li Shufu
Chairman
Geely Automobile Holdings Ltd.

Li Shufu founded Geely in 1986 as a maker of refrigerator parts, and subsequently moved into decorating materials, motorcycles and then cars. Following his huge success in the motorcycle business in the mid 1990s, Li's ambition was to break into the automotive sector. Li managed to start China's first privately owned automotive company in 1998, in a sector that was then dominated by state-owned firms.

More


 Video

Entrepreneur Of The Year China
2009 Country Winner -
Hong Kong / Macau Region
Real Estate Category winner

Vincent Lo
Chairman
Shui On Group

Vincent Lo comes from a real estate background and started out by himself in 1971, borrowing HK$100,000 from this family to start Shui On, a property business, when he was aged 23. His first big breakthrough came in the first two years when he overcame the odds to win a government contract to build public housing in the northwestern outskirts of Hong Kong. From that point, Shui On continued to build a reputation as an innovative property developer in Hong Kong and mainland China. It has two Hong Kong listed companies, Shui On Land Ltd. and Shui On Construction and Materials Ltd.

More


 Video

Emerging Entrepreneur Of The Year
Category winner

Jack Lau
Chairman and Chief Executive Officer
Perception Digital Group

Dr. Jack Lau started Perception Digital (PD) with two other professors under the Hong Kong University of Science and Technology Entrepreneurship Program (the HKUST Program). PD provides firmware and turnkey solutions for consumer electronic devices.

More


 Video

Emerging Entrepreneur Of The Year
Category winner

Luo Lin
Chairman of the Board
Anton Oilfield Services Group

After gaining valuable experience in the oil industry at Sinopec and PetroChina, Luo Lin used his own savings to start his own business in 1999. The company, Anton Oilfield Services, became the first privately-owned Chinese oilfield services company to be publicly traded, listing in Hong Kong in 2007.

More


 Video

Industrial Products Category winner

Jiang Xipei
Chairman of Board and Chief Executive Officer
Far East Holding Group Co. Ltd

Jiang started Far East Holding in 1990. The company makes cables used in the electric, infrastructure and grid transmission sectors. It has ranked as the No.1 cable manufacturer in China for the past 11 consecutive years with annual sales of RMB7 billion in 2008. In addition to diversifying into pharmaceuticals and real estate, he is also a successful venture capitalist, helping promising young local entrepreneurs list domestically and internationally.

More


 Video

Industrial Products Category winner

Wu Changjiang
President
NVC Lighting Holding Ltd.

Wu Changjiang was the driving force behind NVC Lighting Holding, which is China's largest and best known lighting products provider. The company provides a variety of energy-saving lighting solutions for commercial, office, outdoor and residential use. The company has enjoyed impressive growth since it was formed in 1998, with a compound annual growth rate of 41% in sales.

More


 Video

Retail & Consumer Products Category winner

Clement Hui
Chairman
Dah Chong Hong Holdings Ltd.

Clement Hui has been the man driving Dah Chong Hong's growth and direction over the past 40 years. His bold approach has helped him rise to the top of the company that he joined in 1966 as a young management trainee.

More


 Video

Retail & Consumer Products Category winner

Ding Shuipo
Chairman and Chief Executive Officer
Xtep International Holdings Ltd.

Ding Shuipo set up Xtep in 2002. Xtep has become a successful homegrown sportswear company by positioning itself as hip and vibrant sportswear brand targeted at the youth market. Xtep currently has a 4.9% market share of China's branded sportswear market, making it one of the largest domestic sportswear brands in China.

More


 Video

Retail & Consumer Products Category winner

Wu Xiangdong
Chairman
VATS Group

In 1996, Wu Xianglong set up Jinliufu Winery as a trader of liquor products. In 1999, Wu obtained the Hunan distribution rights to Quanjiuwang, a traditional Chinese liquor owned by Wuliangye. Through his marketing efforts, it wasn't long before sales of Quanjiuwang in Hunan ranked the highest among all regions in China.

More


 Video

Services Category winner

David Sun
Cheif Executive Officer
Home Inns & Hotels Management Inc.

David Sun has been the influential leader of Home Inns since 2005, steering Home Inns from a privately owned company to become China's first overseas listed hotel chain. Under his leadership, Home Inns has overtaken its competitors to become the largest budget hotel chain in China in terms of properties and rooms, from 68 hotels in 2005 to almost 550 hotels now. Sales have increased six times over the same period.

More


 Video

Services Category winner

Lu Wenbing
Chief Executive Officer
Inner Mongolia Little Sheep Catering Chain Co., Ltd.

Lu Wenbing is one of the founding shareholders of Little Sheep and joined the management in 2004. Little Sheep operates a hot pot restaurant chain, comprising 127 self-owned restaurants and 248 franchise outlets as of 2008. Revenue increased by 35% on average from 2006 to 2008.

More


 Video

Technology Category winner

Richard Xuan
Executive Director and Chairman
China Automation Group Ltd.

Richard Xuan started China Automation Group in 1996 with RMB200,000 in savings. Listed in Hong Kong, the company is now a leading provider of automation safety and critical-control systems for the petrochemical and railway signaling industries in mainland China.

More


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