Biography
Born on 10 March 1961 in Nanchang, Jiangxi Province, Duan entered Zhejiang University in 1978, majored in wireless electronics engineering. After graduation, he became an engineer in Beijing Radio Tube Factory and also studied in Renmin University, where he obtained a master's degree in econometrics. He also holds a doctorate in economics and as well as a MBA.
In 1989, he started his own business and created his own electronic company. Within less than 10 years, he set his business empire and created two very famous brands in Chinese community: Subor and BBK and became a young hero of business in China .
Duan was one of the founders and former CEO of Subor Electronics Industry Corporation. At beginning, the company only had 20 workers including himself. They only had 3000 RMB cash but owed 2 million RMB debts. But after Duan's struggle, it quickly occupied the market and jumped to the top producer of the "learning computer" . It also produced video-game facilities, which made a profit of 100 million RMB per month during 1994-1995 .
28th, Aug. 1995, Duan resigned from Subor, and founded BBK Electronics Industrial Group in Dongguan, Guangdong Province, whose main product was DVD player. It's also achieved very high business success by having more than 1/5 of the market share. At present, its also a famous brand in cell phone, telephone and stereo devices .
During 2002-2004, he was the second largest individual shareholder of NetEase.com after William Ding Lei. Now he pays more attention on the stock market in USA.
Ranks
No.8, Hurun Report 2007 China Philanthropy List
No.328, Hunrun Report 2007 China Rich List
No.152, Hunrun Report 2006 China Rich List
Trivia
Cooperated with William Ding Lei, they donated US dollar 40 million to Zhejiang University in Sep. 2006. It's the biggest endowment in recent years for higher education in mainland China .
Duan spent US$ 620,100 to have lunch with Warren Buffett .
Due to his success in stock market, he has a nickname of "Chinese Buffett" .
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