EuromoneyChina 2004 Kings of Capital
Li Jinyuan - EuromoneyChina 2004 Kings of Capital:No.20
| age: | 46 |
| flagship listed company: | Tiens Biotech Group |
| head office: | Nasdaq |
| No. of listed companies: | 1 |
| listed company | market value US $m | exchange | listing code | date listed | performance compared with market | head office |
| Tiens Biotech Group | 564 | Nasdaq | TBGU.OB | Sep-03 | -28% | Beijing |
| personal info: | This key news this year has been Tiens’ announcement of a US$400 million investment into a Shanghai manufacturing and R&D base, and the completion of its backdoor listing on Nasdaq. With sales last year of US$300 million Tiens today has 3,800 employees and a sales network of nine million customers over 170 countries selling its flagship high calcium health product. Starting out in 1992 with a healthcare business, Li in 1995 switched to the fledgling direct sales industry in China. Despite regulatory concern about the thin line between direct and pyramid sales, Li in 1999 started expanding overseas, first to Russia and then East Europe, with five manufacturing bases overseas today. Li came third on our China Philanthropy List, a list of China’s most generous philanthropists. |
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