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Yongping Duan

Editor: Date:2021-01-12 Hits:2


Yongping Duan 

Yongping Duan is a Chinese billionaire entrepreneur and electrical engineer. He is the founder of both the Subor Electronics Industry Corporation (also the former CEO) and BBK Electronics Group (also the current Chairman). Duan's net worth was estimated at $1.5 billion, according to the 2018 Hurun China Rich List. In mainland china, he is regarded as an innovative and inspiring business figure.

 

Born on 10 March 1961 in Nanchang, Jiangxi, China, Duan entered Zhejiang University in 1978, majoring in Wireless Electronics EngineeringIn 1989, he joined a company in Zhongshan and became the CEO later. Within less than 6 years, he created a business empire with the brand Subor (Xiao Ba Wang). In 1995, he left Subor and founded BBK Electronics. Its main product was DVD players. It is a well-known brand of cell phone, telephone and stereo devices. From 2002 to 2004, he was the second largest individual shareholder (with more than 10% at peak) of NetEase after William Ding Lei.

 

Together with William Ding Lei, Duan donated $40 million to Zhejiang University in 2006. This is the biggest endowment in recent years for higher education in mainland China. In 2007, Duan spent $620,100 to have lunch with Warren Buffett  and the money was donated to the Glide Foundation. Due to his success in the stock market, and philanthropic activities, he has been called the Chinese Buffett.


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