Biography of Wu Ying
Wu Ying is a Chinese billionaire entrepreneur who is the founder and CEO of the Beijing-based company Nine Dragons Paper. Starting as a small recycling business, Wu transformed Nine Dragons Paper into one of the world’s largest paper manufacturers, with operations in China, the United States, and other countries.
Early Life and Education
Wu Ying was born in 1969 in Dongyang, a county-level city in Zhejiang Province, China. Her father was a teacher, and her mother worked as a nurse. Wu attended the Zhejiang University of Technology, where she earned a degree in chemical engineering.
Career and Achievements
After college, Wu worked in a state-owned company called the Zhejiang Forest Industry Bureau, where she gained experience in the paper manufacturing industry. In 1995, she quit her job and started her own company, which she called Tongling Jinghua Paper. The company focused on recycling waste paper and producing cardboard.
In 2000, Wu founded Nine Dragons Paper in Dongguan, a city in Guangdong Province. The company specialized in manufacturing recycled paper and cardboard, and its success was due in part to the fact that China had set up a licensing system that favored companies that used recycled materials.
Over the years, Nine Dragons Paper grew rapidly, expanding its operations to other parts of China and to other countries, including the United States, Vietnam, and Malaysia. In 2006, the company went public on the Hong Kong Stock Exchange, and Wu became a billionaire overnight.
In addition to her role as CEO of Nine Dragons Paper, Wu has served as a member of the Standing Committee of the Dongguan Municipal Committee of the Chinese People’s Political Consultative Conference. She has also been involved in philanthropic work, donating money to help build schools in poor rural areas of China.
Wu Ying is married and has two children. She is known for her low-key lifestyle and rarely gives interviews to the media.
|Companies||Nine Dragons Paper|
|Net Worth||US$12.5 billion|