Cho Tak Wong

Early Life

Cho Tak Wong, also known as Cao Dewang, was born in Fuqing, Fujian, China, in May 1946. Initially from a wealthy family, they lost their wealth during the Chinese civil war. This led to a challenging early life, marked by financial hardship. He left school at 14 to help support his family.

Rise to Success

Wong's career began in the glass industry. In 1983, he bought a glass factory. Recognizing the opportunity in the automotive sector, he shifted the factory's focus to producing automotive glass. In 1987, he founded the Fuyao Group, and the company was listed on the Shanghai Stock Exchange in 1993. Through strategic decisions and business acumen, he built Fuyao into a global leader in automotive glass manufacturing.

Key Business Strategies

Wong's success stems from his strategic focus on automotive glass, capitalizing on the growing automobile market. Fuyao's growth was also fueled by China's economic reforms.

Philanthropy

Cho Tak Wong is renowned for his philanthropic work. He established the Heren Charitable Foundation, and has donated billions of RMB to support causes such as disaster relief, poverty alleviation, education, and culture. In 2021, the foundation pledged $1.6 billion to build Fuyao University of Science and Technology in China.