Duan Yongping
Encyclopedia
Duan Yongping 1961-, is a Chinese
electrical engineer
, inventor, entrepreneur
,and philanthropist http://www.hurun.net/listen61.aspx. He is regarded as an innovative and inspiring business figure in mainland China http://www.harvardchina.org/SpecialEvents/02-16-2003.html. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman).
, Jiangxi Province, Duan entered Zhejiang University
in 1978, majoring in wireless electronics engineering. After graduation, he became a teacher at the adult education center of the Beijing Radio Tube Factory. Later, he studied at Renmin University, where he majored in econometrics. He also studied in CEIBS as an EMBA student for two years.
In 1989, he joined a company in Zhongshan and became the CEO later. Within less than 6 years, he set the business empire and created a very famous brand in Chinese community: Subor (Xiao Ba Wang; Chinese: 小霸王, Pinyin: Xiǎo Bàwáng). In 1995, he left Xiao Ba Wang and founded BBK (Bu Bu Gao; Chinese: 步步高, Pinyin: Bù Bù Gāo) and became a young hero of business in China http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
Duan was one of the founders and former CEO (1989-1995 in office) of Subor Electronics Industry Corporation. At the 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 became top producer of the "learning computer" (Chinese:学习机, Pinyin:Xuéxí Jī ). It also produced video-game facilities, which made a profit of more than 200 million RMB during 1994-1995 http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
On 28 August 1995, Duan resigned from Subor, and founded BBK Electronics Industrial Group in Dongguan
, Guangdong Province, whose main product was DVD players. It is a well known brand in cell phone, telephone and stereo devices http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
From 2002 to 2004, he was the second largest individual shareholder (with more than 10% at peak) of NetEase
.com after William Ding Lei
.
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
electrical engineer
Engineer
An engineer is a professional practitioner of engineering, concerned with applying scientific knowledge, mathematics and ingenuity to develop solutions for technical problems. Engineers design materials, structures, machines and systems while considering the limitations imposed by practicality,...
, inventor, entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
,and philanthropist http://www.hurun.net/listen61.aspx. He is regarded as an innovative and inspiring business figure in mainland China http://www.harvardchina.org/SpecialEvents/02-16-2003.html. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman).
Biography
Born on 10 March 1961 in NanchangNanchang
Nanchang is the capital of Jiangxi Province in southeastern China. It is located in the north-central portion of the province. As it is bounded on the west by the Jiuling Mountains, and on the east by Poyang Lake, it is famous for its scenery, rich history and cultural sites...
, Jiangxi Province, Duan entered Zhejiang University
Zhejiang University
Zhejiang University , sometimes referred to as Zheda, is a national university in China. Founded in 1897, Zhejiang University is one of China's oldest institutions of higher education...
in 1978, majoring in wireless electronics engineering. After graduation, he became a teacher at the adult education center of the Beijing Radio Tube Factory. Later, he studied at Renmin University, where he majored in econometrics. He also studied in CEIBS as an EMBA student for two years.
In 1989, he joined a company in Zhongshan and became the CEO later. Within less than 6 years, he set the business empire and created a very famous brand in Chinese community: Subor (Xiao Ba Wang; Chinese: 小霸王, Pinyin: Xiǎo Bàwáng). In 1995, he left Xiao Ba Wang and founded BBK (Bu Bu Gao; Chinese: 步步高, Pinyin: Bù Bù Gāo) and became a young hero of business in China http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
Duan was one of the founders and former CEO (1989-1995 in office) of Subor Electronics Industry Corporation. At the 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 became top producer of the "learning computer" (Chinese:学习机, Pinyin:Xuéxí Jī ). It also produced video-game facilities, which made a profit of more than 200 million RMB during 1994-1995 http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
On 28 August 1995, Duan resigned from Subor, and founded BBK Electronics Industrial Group in Dongguan
Dongguan
Dongguan is a prefecture-level city in central Guangdong province, People's Republic of China.An important industrial city located in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the south, and the Pearl River to...
, Guangdong Province, whose main product was DVD players. It is a well known brand in cell phone, telephone and stereo devices http://www.harvardchina.org/SpecialEvents/02-16-2003.html.
From 2002 to 2004, he was the second largest individual shareholder (with more than 10% at peak) of NetEase
NetEase
NetEase is a Chinese internet company that operates 163.com, a popular web portal which received over 546 million page views in June of 2005. The company has grown rapidly since its founding in June 1997, thanks in part to its investment in search engine technology and massively multiplayer...
.com after William Ding Lei
Ding Lei
Ding Lei , is the founder and CEO of NetEase. He made significant contributions to the development of computer networks in mainland China. He was the wealthiest man in China at one point.-Early life:...
.
Ranks
- No.8, Hurun Report 2007 China Philanthropy List http://www.hurun.net/listen61.aspx
- No.328, Hunrun Report 2007 China Rich List http://www.hurun.net/detailen72,people329.aspx
- No.152, Hunrun Report 2006 China Rich List http://www.hurun.net/detailen72,people329.aspx
Trivia
- Cooperated with William Ding Lei, they donated US dollar 40 million to Zhejiang University in Sep. 2006. This is the biggest endowment in recent years for higher education in mainland China http://news.163.com/06/0921/20/2RIOE0KD0001124J.html.
- Duan spent US$ 620,100 to have lunch with Warren BuffettWarren BuffettWarren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...
(won the "Power Lunch with Warren Buffett")http://money.163.com/07/0522/09/3F3BUT6Q002524SK.html. - Due to his success in the stock market, he has the nickname "Chinese Buffett" http://economy.enorth.com.cn/system/2006/07/25/001366453.shtml.