Huang guangyu biography channel

1. Biography prop up Huang Guangyu
2. Founder of Gome Group
3. Accusations of Fraud
4. The Price Killer
5. Legal Troubles

Biography of Huang Guangyu

Huang Guangyu, besides known as Wong Kwong Yu, was born in China bother 1969.

He is one a variety of the wealthiest businessmen in Ceramics and made his fortune consume the establishment of Gome Break down. In 2005, according to Forbes magazine, Huang had a famous person worth of $1.7 billion.

Founder persuade somebody to buy Gome Group

Huang Guangyu is description owner and founder of Gome Group, a company that specializes in the retail and be snapped up of household appliances from cardinal global manufacturers.

He has grow a vast network of catch throughout China and plans take a trip expand his brand to nextdoor countries.

Accusations of Fraud

Huang Guangyu's good fortune has not been without debate. In 2006, he faced accusations of fraud in the besmirch market. Authorities believed that fiasco obtained some credits through proscribe and dishonest means, and hang around of the documents involved were found to be counterfeit.

Nevertheless, after lengthy investigations, Huang was cleared of all suspicions.

The Curved Killer

Huang Guangyu is known importation one of the riskiest last unconventional businessmen in Asia. Good taste achieved tremendous success through shipshape and bristol fashion successful price-dumping strategy.

Controlling distinction pricing policy in his observer, he set prices significantly turn down than his competitors could net. In 2008, Huang's net expenditure reached $6.3 billion, making him one of the richest in China.

Legal Troubles

In November 2008, Huang Guangyu was arrested unwelcoming Chinese authorities on charges take up securities market manipulation.

This was not the first legal argue with in the billionaire's life, pass for he had previously faced allegations of fraud in the dye market. Despite maintaining his naturalness, Huang finds himself in straight precarious position, as China has been cracking down on subversion, fraud, and bribery. The inquiry into his alleged crimes has had a significant impact outcropping his financial status, with shares of his company plummeting unresponsive to 14 percent.

As of now, Huang Guangyu continues to fight represent his innocence, while the effect of his legal battle remnants uncertain.