Zhang Yuping

Zhang Yuping

Zhang Yuping, born in Dongguan, Guangdong Province in 1961, is China's "watch King". He is the chairman of the board of directors of Hong Kong Xinyu Hendry Holding Co., Ltd. (3389-hk), the head of Xinyu Hendry group. He is the largest watch dealer in China and the largest watch dealer in Asia. He is engaged in the wholesale and retail distribution of watches. He has 350 stores in mainland China, Hong Kong, Macao and Taiwan Stores, with a turnover of over 8.2 billion. The 2010 Hurun 100 rich list announced that its personal wealth was 7 billion yuan, but its group market value exceeded 20 billion yuan, while Zhang Yuping personally held 72.63% of the equity, indicating that its wealth exceeded 10 billion yuan.

On October 10, 2019, Zhang Yuping's 4.5 billion yuan was ranked 912 in the list of Hurun 100 rich in 2019.

Personal profile

Zhang Yuping, born in 1961 in Dongguan, Guangdong Province, is the chairman of Xinyu hendeli group, Dr. Zhang Yuping.

Personal resume

Zhang Yuping had worked hard in the watch industry for more than 16 years before he became the owner of Beijing Hendry watch headquarters. In 1993, it started its watch import and export wholesale business in Hong Kong and the mainland, earning the first pot of gold. In 1997, it took over Beijing hendeli, founded Shanghai Xinyu in September 1999, and in 2002, Shanghai Xinyu, Beijing hendeli and Shanghai watch store were reorganized into Xinyu group. Xinyu hendeli acquired Italian pen enterprise Omas from LVMH in 2007. The Zhang family holds 72.63% of the shares of Xinyu Hendry. The company controls 95% of the equity of Shanghai Xinyu, and owns seven holding companies: Beijing Hendry, Hefei Xinyu Hendry, Liaoning baoruihang, Harbin beihengjiefu, Qingdao Xinyu Hendry, Shenzhen Sunshine and Tianjin Huichang. Its main assets are 51 watch stores in Shanghai, Beijing and other places, distributing Omega, radar, LongQin, Tissot and other Swiss watches. In the mainland, there are few companies that can work closely with international luxury brand groups, but Xinyu Hendry is one of the few companies that can talk about business with these giants. It has 236 markets in the mainland and Hong Kong. It is a special distributor of 50 international famous watch brands. It has good cooperative relations with Swatch Group, LVMH group, Richemont group, Rolex group and Dachang group. It has 19 representative and exclusive agent brands and 4 own Swiss brands These cards in Dr. Zhang Yuping's hands are enough to show his unique charm. Zhang Yuping, the founder of Xinyu hendeli, is the largest watch and clock dealer in China and Asia at present. 2009 Hainan Qingshuiwan Hurun hundred rich list (295th), 2009 Hurun retail rich list (11th), 2008 Hurun hundred rich list (201), 2008 Hurun retail rich list (7th), 2007 Hurun retail rich list (10th), 2007 Hurun hundred rich list (255), 2006 Hurun retail rich list (3rd), and 2006 Hurun hundred rich list (69th) of Guanlan Lake were listed in 2008 world Zhang Yuping is on the list of outstanding Chinese selected by the world Chinese business foundation. Zhang Yuping, 36, had worked in the watch industry for more than 16 years before he became the owner of Beijing Hendry watch store.

In 1981, Zhang Yuping joined Huizhou overseas Chinese Commodity Supply Corporation (hereinafter referred to as overseas Chinese Corporation, a state-owned enterprise mainly engaged in wholesale and retail of electrical appliances and daily necessities). Until 1987, Zhang was responsible for purchasing and importing watches for overseas Chinese corporation. During this period, he has established good relations with the owners of many international watch brands and their distributors.

After leaving the overseas Chinese company in 1993, Zhang Yuping started his watch import and export wholesale business in Hong Kong and the mainland, earning the first pot of gold.

In 1997, the time-honored Beijing Hendry was the largest company engaged in the distribution of watches and clocks in China at that time. The government intended to restructure and introduce private shares. Zhang Yuping took advantage of this opportunity to become the owner of Beijing Hendry.

In 1999, Zhang Yuping set up Shanghai Xinyu company to engage in the wholesale and retail distribution of watches.

From 2002 to 2003, Shanghai Xinyu, Beijing hendeli and Shanghai Watch Store (controlled by Shanghai Yimin Department store and later entrusted to Shanghai Xinyu) were reorganized to establish Shanghai Xinyu watch group, with Zhang Yuping as the chairman.

In 2003, Shanghai Xinyu opened 20 stores in the form of acquisition, joint venture or self construction, each with an investment of about $4 million to $5 million, a total of $100 million. In 2005, Zhang Yuping registered Xinyu hendeli Holding Co., Ltd. overseas and successfully listed in Hong Kong in September. After that, the opening rate of 20 stores per year increased rapidly to 50 or 60 stores per year. At the end of 2007, Xinyu Hendry had 166 direct retail stores in the mainland and Hong Kong. The watches it sold were basically Swiss and other foreign medium and high-end brands.

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Chinese PinYin : Zhang Yu Ping