With a loan of just a few thousand yuan and the support of friends, it is possible to achieve extraordinary projects and transform lives. This is the case of Wang Weiwho, when starting his business underground, barely dreamed of becoming a multimillionaire. Today, with a fortune of millions, His story is an example of how perseverance and innovation They can change everything.
What began as a modest company, operating outside the law, is now one of the logistics giants in Chinacompeting with large multinationals. Wei’s journey shows how early support can turn an idea into an empire.
How Wang Wei built his fortune
The story of this millionaire businessman began in Hong Kong, where his working life began in a printing press after leaving high school. With a growing delivery market and few delivery solutionsWang saw the opportunity to meet that demand. In 1993, at only 22 years old and with financial help from his father, he founded SF Express. Through an initial loan of 100,000 yuan (equivalent to about 13,000 euros), he took the first steps of his business.
However, the company operated in the illegality until 2009 due to mpostal service onopoly in China. Wang and his team had to discreetly move packages between Hong Kong and mainland China, where protectionist policies hampered trade. “We would have been fined if the officials had caught us, so we had to handle packages furtively,” the protagonist admitted.
SF Express’s business grew under these challenging circumstances, initially serving a market that demanded British products, especially medicines and baby items, which were sold in China at affordable prices and with a profit margin. Thus, Wang accumulated experience in logistics and distribution, laying the foundations for the growth of his company.
Over time, the company innovated in technology and delivery methodsto differentiate itself from its competitors. In 2023, the company was a pioneer in China by rreceive a license to operate deliveries with droneswhich revolutionized its delivery capacity in remote areas. SF Express also has a aircraft fleet and is building its own airport in Ezhouconsolidating its infrastructure to continue expanding its presence in China and abroad.
What is Wang Wei’s estimated fortune today?
At 54 years old, Wang has an estimated fortune of 16.8 billion dollarswhich positions him among the most influential businessmen in China. This impressive heritage not only reflects the success of SF Express, but also the innovative spirit and tenacity of its founder.
In 2017, Wang led SF Express to the Shenzhen Stock Exchange through a reverse merger, a strategy that facilitated its entry into the financial market. This move was key to boosting the company’s value, and the success didn’t stop there. In 2023, Wang took a new step towards international expansion by applying for a secondary listing in Hong Kong, allowing it to attract more investments and strengthen its position in Asia.
The path of this company is also marked by strategic decisions, such as the sale of its economic delivery unit Fengwang Information to J&T Express in 2023, for a value of 173 million dollars. This not only strengthened SF Express’ financial structure, but allowed the company to focus on its customer-centric business model. premium logistics.
Source: Ambito
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