Zhang Yin - The woman who collects waste paper becomes the richest billionaire in China

Zhang Yin - Chinese billionaire was born in 1957 in a town near Kanton city (Guangzhou) in a poor family, father is an army officer, mother is a state worker. Zhang Yin grew up going to school and then worked as an accountant in a state-owned enterprise.

In 1985, with the consent of his family, Zhang Yin left to Hong Kong to look for work. With a career in accounting, Zhang Yin may have a higher income at home, but she is fed up with numbers and entries. Zhang Yin decided to do business. With only 3,800 USD in savings over many years, Zhang Yin and her husband decided to start a business. While most of China's billionaires and tycoons made their fortunes from trade or real estate, Zhang Yin is especially admired when she made her fortune from the manufacturing sector. And moreover, the product that has brought billions of dollars for Zhang Yin is paper products.

Initially, she rented an old warehouse as a place to store waste paper collected from households and companies, sorted and sold to paper mills. Ms. Zhang Yin also focuses on producing packaging paper that is easy to consume in large volumes. Using every source of old paper in place, but Zhang Yin could not supply enough for the ever-increasing orders. Zhang Yin worries a lot. Having the trust of customers, having many customers is very precious, but she does not have enough goods to serve. So Zhang Yin immediately thought of importing scrap paper and old paper from abroad to sell to paper factories.

She moved to Los Angeles in the 1990s and married a second time to Liu Ming Chung, a Taiwanese-born dentist who grew up in Brazil and is fluent in English. Along with her Chinese husband who has lived in the US for many years, Zhang Yin went to find the source of waste paper here. Zhang Yin, now a connoisseur of paper classification and valuation. She was overjoyed when she discovered the "gold mine" of scrap paper in the US. That is the volume of paperboard, box paper, packaging paper that trading companies have discharged.

In 1990, Zhang Yin founded America Chung Nam Company based in Los Angeles. In 1995, the Kowloon Paper Company founded and owned by Zhang Yin experienced spectacular growth. Within just a few years, Zhang Yin has become a famous Hong Kong old paper collector. With economic development, the higher the demand for paper, the greater the profit earned by the old paper owner. Later on, Zhang Yin focused on expanding the production of different types of paper. Paper of Cuu Long is not only used in industry but also in daily life. Zhang Yin is no longer a general agent specializing in buying and collecting waste paper, but has begun to gain a reputation as a well-known industrial manufacturer in Hong Kong and throughout China.

Talking about her business career, the billionaire once shared a memory, "I remember a man told me that waste paper is like a forest. Paper can be recycled, from generation to generation. other system". Engraved that statement and then she has been pursuing the used paper recycling industry for the past 20 years. After exactly 10 years since opening the first direct paper and packaging factory, Zhang Yin now has more than 10 large production bases specializing in paper and cartons. The total number of workers working for Cuu Long Company is more than 5,000 people, bringing in more than a billion USD in revenue per year for the owner.

Ms. Zhang Yin seems to foresee the growth and attractiveness of the stock market, so she has made detailed and careful calculations for entering the new playing field. First, the company was converted into a joint stock company with multiple ownership, but in fact Zhang Yin still holds over 70% of the shares. The excellent business results with nearly 200 million USD in profit in 2005 of Kowloon were well worth the price on the Chinese stock market. The total market capitalization of Cuu Long is nearly 5 billion USD, of which the owner Zhang Yin alone accounted for 72%. In a short time, she became the general agent supplying waste paper to paper manufacturers. in Hong Kong.

In 2007, at the age of 49, she became the richest person in China and richer than any woman in the world, even TV queen Oprah Winfrey, Susan Lyne - executive director Martha Stewart OmniMedia or America's most powerful businesswoman Meg Whitman - deputy general manager of eBay. Zhang's personal fortune is estimated at $1.5 billion or more.

It can be said that Zhang Yin is a businessman with a strategic vision. Her success is not only conspicuous when looking at the rapid increase of the fortune she owns. What experts have to admire and admire is Zhang Yin's business decisions.

Zhang Yin seems to have never been wrong or mistaken in his big business decisions. Very decisive and especially always with a long-term strategy, Zhang Yin is also very interested in choosing the paper industry. Zhang Yin believes that this industry, like the food industry, is required to be used every day, so the demand is always large and predictable. Every time Zhang Yin makes a decision to change direction or decide to expand his business, Zhang Yin shows his sharpness and sensitivity to the market.

"She's a visionary," said Herman Woo, an analyst at BNP Paribas, the bank that helped Kowloon get listed on the Hong Kong stock exchange.

Or as Mr. Ng Weiting, one of Zhang's partners since the 80s, said, "When Zhang's employees ask for a raise, she accepts it if it's reasonable. But if it's wrong, they do. will be criticized, even severely punished. Zhang often has a clear opinion when it comes to rewards and punishments." Meanwhile, analysts say a woman's strong personality has made Zhang a successful and conscientious leader.

In 2007, Kowloon was one of the fastest growing paper manufacturing companies in China, but Ms. Zhang said the company had not yet met the demand for the cardboard market for the fast-growing Chinese economy. and exports boomed. Ms. Zhang is also building another large-scale factory near Shanghai and has ambitions to turn Kowloon into one of the world's leading paper companies, on par with rivals such as International Paper, Weyerhauser and Smurfit Stone.

Female billionaire Zhang Yin said starting a business is never easy, especially for women. Having to take care of the economy, but still have to ensure the mother's and wife's duties, take care of the family, sometimes the roles are conflicting and overlapping, making starting a business even more difficult. than.

She shared that at the beginning of her business, everything was still very primitive, messy, unfinished, sometimes frustrated and wanted to stop. But with her strong will and desire to get rich, she stood firm in the marketplace. The life and career of billionaire Zhang Yin has become an inspiration for thousands of other women who are still struggling to find their own direction.

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