Zhou Qunfei Becomes Richest Woman in China

March 31, 2015
Editor: Eileen Cheng
Zhou Qunfei Becomes Richest Woman in China

Zhou Qunfei becomes the richest woman in China on March 30, merely nine trading days after the IPO of the company she founded, Lens Technology Co. Ltd.[Changsha Evening News]

Zhou Qunfei, who started from scratch to found Lens Technology Co. Ltd., becomes the richest woman in China a mere nine trading days after the company's IPO on the Growth Enterprise Market board in Shenzhen.

On March 18, Lens Technology Co. Ltd. issued its new shares at 22.99 yuan (U.S. $3.71) per share, followed by continuous straight rises over eight trading days, closing at 70.98 yuan (U.S. $11.44) on March 30. The 592 million shares held by Zhou have reached a total market value of 42.02 billion yuan (U.S. $6.78 billion), exceeding the 37.81 billion yuan (U.S. $6.1 billion) fortune of Chan Laiwa — the "richest woman in China" according to data issued by Forbes in March 2015 — making Zhou the new richest woman in the Middle Kingdom.

Meanwhile, the overall market value of Lens Technology Co. Ltd. has risen to third place on the Growth Enterprise Market board, following Letv and Eastmoney, which have a market value of 76.54 billion yuan (U.S. $12.33 billion) and 49.821 billion yuan (U.S. $8.03 billion) respectively.

It was recently reported that Apple will provide an "old-for-new" service for users in the Chinese mainland, whereby the users can trade in their used iPhones along with a supplemental amount of money in exchange for new Apple products. For Lens Technology Co. Ltd. — a major Apple supplier — this is surely exciting news.

(Source: Changsha Evening News/Translated and edited by Women of China)

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