Yang Guoping, Chairman of Dazhong Transportation (Group) Co., Ltd., Terry Sio, President of Rainbow Group named EY Entrepreneur Of The Year 2013 China Country Winners

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15 November 2013, Beijing, Shanghai and Hong Kong – EY is pleased to announce the two country winners of the EY Entrepreneur Of The Year 2013 China awards: Yang Guoping, Chairman of Dazhong Transportation (Group) Co., Ltd. won the country award for the Mainland China Region and Terry Sio, President of Rainbow Group was presented with the country award for the Hong Kong / Macau Region. 

Albert Ng, China Chairman and Greater China Managing Partner of EY says, “The country winners of the EY Entrepreneur Of The Year 2013 China awards, Yang Guoping and Terry Sio, will be joining their global counterparts in a gala event next year in Monte Carlo to compete for the EY World Entrepreneur Of The Year awards. I wish them continued success.”

EY Entrepreneur Of The Year 2013 China
Country Winner, Mainland China Region – Yang Guoping, Chairman of Dazhong Transportation (Group) Co., Ltd.

In 1988, Yang Guoping established a new taxi brand, “Shanghai Dazhong” and assumed a leading role under The Shanghai Government’s reform implementation of the taxi industry. Shanghai Dazhong became the nation’s first joint-stock enterprise in the taxi sector, and was successfully listed on the Shanghai Stock Exchange for both A and B shares in 1992. Dazhong has been recognized for its outstanding performance as an official service provider in the 2007 Special Olympics, 2008 Olympic Games and 2010 Shanghai Expo events, and coupled with its services coverage across 15 cities, Dazhong is progressing towards the worldwide reputable brand category.

Under Yang’s 25 years of entrepreneurship, Dazhong’s business has diversified into a conglomerate group that offers comprehensive services for the general public, comprising three public listed companies, namely Dazhong Transportation, Dazhong Public Utilities and Jiaoda Only with combined total market capitalization of approximately RMB 18 billion. The Dazhong scope of services encompasses household gas supply, municipal work and public facility construction, finance and insurance, and healthcare. The daily volume of taxi service carriage exceeds one million passengers, the gas supply fulfills demands of 40% market share in Shanghai, the microcredit business captures the largest market share in Shanghai, and water & sewage treatment plants servicing the entire Yangtze River Delta regions. 

Dazhong has promoted greater innovations since its inception, such as creating the first taxi operator equipped with advanced state of the art technologies including taximeter, GPS satellite positioning, GPRS dispatching, smart card payment, online and mobile reservation services etc. These products have enhanced its value added services to customers, while reducing carbon pollution and emptying taxi carriages that clog traffic. In 2008, it founded the “Dazhong Universal Education Sponsorship Fund” to help rebuild post earthquakes schools. In 2012, it played an active role as sponsor of charitable activities including the “Blue Ribbon Campaign” with the participation of 5,000 taxis that have benefitted autistic children.

EY Entrepreneur Of The Year 2013 China
Country Winner, Hong Kong / Macau Region – Terry Sio, President of Rainbow Group

Terry Sio set up Rainbow Group in 1979 by borrowing MOP$5,000 to launch the Rainbow Fashion Store for the retailing of domestic brands, while acquiring the distribution rights for other brands. The company has since grown to become Macau’s largest distributor of luxury brands with nearly 200 fashion stores in over 20 cities across Macau and mainland China.

She has established a one-stop fashion kingdom. Against all odds and thanks to her tenacity, Terry Sio managed to gain the distribution rights for first-tier international brands in the then unknown Macau market.

In the 1990’s, she had the foresight to explore markets in second-tier and third-tier cities in mainland China, and Rainbow Group has become one of the largest and most developed brand agencies in those cities.

Rainbow Group has diversified its businesses in recent years, and has developed a number of multi-brand stores, allowing customers to shop for clothes from various brands in a single shop. In addition, the company has branched into shopping center management, and designed an operating model for shopping centers, integrating high-end fashion, global cuisine and boutique supermarkets.

Terry Sio has won numerous awards at home and abroad. She was awarded with the Medal of Industry and Commercial Merit from the Macau SAR Government in 2006, was named among the “25 Influential Chinese In Global Fashion” by Forbes in 2011, and was awarded with the Medal of Commercial and Industrial Merit by The Federal Republic of Germany in 2012. She serves as a member of the Shanghai Committee of the Chinese People’s Political Consultative Conference and chairperson of the Macau International Brand Enterprise Commercial Association, among over 20 social statuses.

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About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. www.ey.com/eoy

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This press release is issued by EY China, a part of the Ernst & Young global network.