Cao Dewang -- The Earliest Entrepreneur On The Forbes Rich List

Cao Dewang, who started his business in the 1970s, is the earliest entrepreneur on the Forbes China Rich List. Looking at his entrepreneurial development history, the most impressive thing is his sensitivity to opportunities. In 1984, Cao began to contract his own water meter glass factory. In 1987, Cao realized that there was a great market for automobile glass that was still mainly dependent on imports at that time, so he united 11 shareholders to raise funds to establish Fuyao Glass, and successfully listed the company as early as 1993. In 1994, Fuyao Glass began to invest in enterprise ERP construction. In addition, over the years, Cao Dewang has continuously introduced technology, changing the situation that high-end automotive glass depends on imports. Now Fuyao Glass is the largest automotive glass manufacturer in China and the seventh largest in the world, with 50% of the supporting market and 40% of the maintenance market. In 2000, Ford Company of the United States awarded Cao Dewang, Chairman of the Board of Directors of Fuyao Glass, the Gold Award of the Best Supplier in the World in 2000, which symbolized that Fuyao's high-quality products, low-cost and high-quality services were recognized by the world's super large automobile factories. In 2002, Fuyao Group won the anti-dumping case in North America for the first time after China's accession to the World Trade Organization, and Cao Dewang's reputation rose again.