Top 10 Facts About Wang Laichun 


 

Wang Laichun is a Chinese billionaire, chairwoman, and co-founder of the electronics manufacturer Luxshare Precision Industry Co. Ltd, better known as Luxshare-ICT. 

Founded in 2004 in Dongguan, China, the company designs and manufactures computer cables; it is also a key assembler of AirPods for Apple. The company was listed publicly on the SME board of the Shenzhen Stock Exchange in 2010.

In this article, we list the top 10 facts about Wang Laichun.

1. Laichun is listed as one of the world’s youngest self-made women billionaires

In 2014, The Daily Telegraph which is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally.

The Daily Telegraph announced that, at the age of 46, Wang Laichun was one of the world’s youngest self-made women billionaires. Read more about 15 most famous businesswomen in the world

2. In 2021, Laichun was the second-richest woman in China

With her wealth estimated at 161.14 billion yuan, Laichun was ranked as the second richest woman according to China Daily, an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party.

She was second to Yang Huiyan whose wealth was estimated at 180.36 billion yuan in 2021.

3. Laichun is the co-founder of Luxshare Precision Industry Co. Ltd

, Public domain, via Wikimedia Commons

Luxshare, officially Luxshare Precision Industry Co., Ltd and also known as Luxshare-ICT. is a Chinese electronic components manufacturer. Luxshare was founded in 2004 in Dongguan, China. 

Wang Laichun is the company’s chairwoman and co-founder. Wang founded Luxshare after ten years at Foxconn. Her brother Wang Laishen is Luxshare’s vice chairman and is also an ex-Foxconn.

4. Wang previously worked for ten years for Foxconn

Before founding Luxshare Precision Industry Co., Ltd with her brother, Wang Laishen, Laichun worked for Foxconn for ten years. 

Foxconn is a Taiwanese multinational electronics contract manufacturer. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies. Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, Nokia devices, Cisco products, Sony devices,  Google Pixel devices and Xiaomi devices.

5. Luxshare is a key assembler for Apple Inc.

, , via Wikimedia Commons

The company designs and manufactures computer cables; it is also a key assembler of AirPods for Apple Inc. In 2020, Luxshare became an iPhone assembler after acquiring two iPhone assembly plants from Wistron.

6. Laichun attended Tsinghua University in Beijing

Wang went to Tsinghua University in Beijing to get his Executive Master of Business Administration. s a national public research university in Beijing, China. The university is funded by the Ministry of Education. Wang has produced notable leaders in science, engineering, politics, business, and academia.

7. Wang founded Luxshare in Dongguan

, , via Wikimedia Commons

Luxshare was founded in 2004 in Dongguan, China. Dongguan is a prefecture-level city in central Guangdong Province, China. An important industrial city in the Pearl River Delta, and hence its base as Luxshare’s central operational location.

8. Laichun runs Luxshare with her brother Wang Laisheng

Wang Laisheng is vice chairman of Shenzhen-headquartered electronics manufacturer Luxshare Precision Industry. Wang started his own business in the mid-1980s and later teamed up with sister Wang Laichun to buy Luxshare in 2004.

Wang Laichung, Luxshare’s chairman, is also a billionaire.

9. Laichun poached Catcher Technology’s team to expand their market share

In 2022, Luxshare was accused by Taiwanese prosecutors of stealing trade secrets. They were alleged to have poached much of competitor Catcher Technology’s China-based research and development team, this combined with the theft of trade secrets from Catcher is alleged to have allowed Luxshare to rapidly enter Apple’s supply chain.

Catcher Technology Corporation is an electronics casing manufacturing company. The company has since focused on making shells for electronics such as PC notebooks, cell phones, and cameras, using magnesium alloy die castings, aluminum alloys, zinc alloys, stainless steel or plastic.

10. Luxshare’s value is estimated at $23.9 billion

The business in Dongguan makes connections and cables for smartphones, cloud computing, automotive, and medical industries, among others. In 2021, it made 154 billion yuan, which is about $23.9 billion.

Planning a trip to Paris ? Get ready !


These are?Amazon’s?best-selling?travel products that you may need for coming to Paris.

Bookstore

  1. The best travel book : Rick Steves – Paris 2023 –?
  2. Fodor’s Paris 2024 –?

Travel Gear

  1. Venture Pal Lightweight Backpack –?
  2. Samsonite Winfield 2 28″ Luggage –?
  3. Swig Savvy’s Stainless Steel Insulated Water Bottle?–?

We sometimes read this list just to find out what new travel products people are buying.