Early Life
Born in 1957 in Shaoxing, Zhejiang, Wang Miaotong began his career by investing 50,000 yuan to establish an auto parts factory. This initial investment marked the beginning of his entrepreneurial journey in China's burgeoning automotive sector.
Rise to Success
Through years of hard work and strategic business decisions, Wang transformed his small auto parts factory into a listed company, Zhejiang Century Huatong Group. The company is a major supplier of auto parts, and it has diversified into the mobile gaming business.
Key Business Strategies
A key aspect of Wang's business strategy has been the expansion of Century Huatong through acquisitions. The company's digital game acquisition plans helped Wang cross the billionaire threshold. In 2014, Century Huatong acquired Shanghai Tianyou, founded by Wang Ji, as part of a business transformation to enter the game industry.
Philanthropy
Wang Miaotong is known for his philanthropic activities. In 2015, he donated 101 million yuan (approximately $14.6 million) to charity, which amounted to 5.6% of his publicly disclosed net worth at the time, earning him recognition on the 2015 Generosity Index.
