TWO Shenzhen-based entrepreneurs made it to this year’s Top 40 Chinese Business Elites under 40 Years Old compiled and released Monday by Fortune China, according to yesterday’s Shenzhen Economic Daily.
Wang Guobin, the founder and CEO of Tubatu.com, an O2O platform for interior decor business that was founded in 2008, made it onto the list for the first time. He is among the 20 new names added to this year’s list.
Data shows that the company’s value has exceeded US$2 billion as the forerunner of the home-decor industry. It has now gathered over 80,000 decor companies and more than 1 million designers and interior designers. Some 18 million Chinese households have purchased services from this online platform.
Wang intends to cultivate 1,000 new decor companies that achieve a collective output of 100 million yuan (US$15.38 million) and 10,000 other that earn 10 million yuan within five years.
The magazine spoke highly of Wang and his website, which is said to have changed the ways of communication among interior design industry players by offering multiple interaction channels for website users and the registered companies.
Another Shenzhen entrepreneur on the list is Wang Tao, the founder and CEO of DJI-Innovations. It is the third consecutive year that Wang Tao has made it onto the list. His company takes up more than 70 percent of the global market of civilian drones.
According to Fortune China, entrepreneurs must age under 40 and must not have inherited the business from their families. The magazine published the first list seven years ago. (Zhang Qian)
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