Founder of Wanxiang Group, Lu Guanqiu, dies at 72

Well-known Zhejiang businessman Lu Guanqiu, founder of Wanxiang Group, a successful Chinese multinational automotive component manufacturing company, passed away on Wednesday at the age of 72, Yicai.com reported. Lu and his family rank 37th on the 100 Richest Chinese Businessman list published by Hurun Report, with a total estimated fortune of 49.1 billion yuan (US$7.4 billion). Lu […]