dp looking at the list and observing where the biggest wealth generation is coming from in China is far from meaningless imo. Point being is that a 20 million dollar JV means everything at this stage in the game. Taking into consideration that doing anything on the supply side in China is a HUGE hurdle let alone the CEO being named already speaks volumes where QTMM is headed. FYI there are various ways to search the list but my result was the same as yours.
Sun Guangxin, the richest man in western China, leads Xinjiang Guanghui Industry Investment Group, a conglomerate he founded in 1989 after a stint in the army. His energy business has had a rough year due to low oil prices, but Sun's China Grand Automotive Service -- China's largest auto dealer -- completed a backdoor listing in June. Sun has also expressed interest in buying Hong Kong-listed Baoxin Auto Group.
#22 Sun Guangxin Real Time Net Worth As of 2/10/16 $4.7 Billion
Could not let it go...Search done with Guanghui Technology Group
More info from Forbes 2000 50 richest
Age: 38.
Birthplace: Xinjiang.
Education: Anhui Military College.
Main company: Xinjiang Guanghui Industrial Group.
Main industry: Building materials and real estate.
Wealth: $98 million, based on the group’s 1999 net assets.
Sun spent nine years in the army and fought in China’s 1979 war against Vietnam, then used $400 in demobilization pay to open the first seafood restaurant in Urumqi (capital of Xinjiang). From 1990 to 1992, during the oil exploration boom in Xinjiang, he turned his hand to trading. He invested the profits in real estate and took out a $50,000 loan to set up the present group. Guanghui’s revenues in 1999 amounted to $170 million. Sun listed a subsidiary on the Shanghai Stock Exchange in May.
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