Billionaire Profile
Yang Weidong & family
Global Rank
#1219

Image: Public domain | via Wikimedia Commons

Yang Weidong & family

CEO, Zhejiang Satellite Petrochemical
CN
Real-Time Net Worth
$2.4B
As of December 2025
Age
57
Source
Chemicals
Industry
manufacturing
Citizenship
CN

Biography

Yang Weidong, born in 1974, chairs Zhejiang Satellite Petrochemical and serves as the chairman of Satellite Chemical Co., Ltd. He is a Chinese entrepreneur with a net worth estimated at $2.4 billion, according to Forbes. His source of wealth is chemicals. Yang has led the company's product line expansion to include acrylic acid esters, methacrylic acids, pigment intermediates, and acrylic emulsion polymers, and has been recognized for his contributions to the industry through awards like the National May 1st Labor Medal in 2024. His career includes serving as CEO of Youku Tudou and AliMusic.

Wealth Over Time

In-Depth Profile

Early Life and Education

Yang Weidong was born in 1974 and graduated from Hohai University. Information regarding his early life and education is limited. In 2009 he joined Nokia Corporation and was later promoted to Marketing Director.

Rise to Success

Yang's career has spanned various leadership roles in the tech and entertainment sectors before returning to focus on his family's chemical business. He joined the MaxTimes in 2012. In March 2013, he was recruited as vice-president and later president of Tudou and became CEO of Youku Tudou in November 2015. In October 2016, he was appointed CEO of the Great Youku Business Group, and in May 2018, he also served as CEO of AliMusic. In 2018, he was investigated by the police due to economic problems.

Key Business Strategies

Yang currently chairs Zhejiang Satellite Petrochemical, which went public on the Shenzhen Stock Exchange in 2011. The company's product line includes acrylic acid esters, methacrylic acids, pigment intermediates and acrylic emulsion polymers. Through a system of precise value incentives, Yang has driven personnel efficiency reforms and fostered a culture of skill enhancement. He actively responded to the nation's major strategic needs.

Philanthropy

No direct information on Yang Weidong's specific philanthropic activities has been found, but his leadership suggests a commitment to corporate social responsibility.

Career Milestones

2009

Joined Nokia Corporation

Joined Nokia Corporation and later became Marketing Director.

2013

Joined Tudou

Recruited as vice-president and later president.

2015

CEO of Youku Tudou

Promoted to CEO of Youku Tudou.

2016

CEO of Alibaba Cultural Entertainment Group

Appointed CEO of Great Youku Business Group.

2018

CEO of AliMusic

Served as CEO of AliMusic.

2024

Awarded National May 1st Labor Medal

Recognized for contributions to socialism.

Controversies & Challenges

2018

Investigation

Investigated by police because of economic problems.