Early Life
Luo Liguo was born in March 1956, in Cixi, Zhejiang, China. Growing up, he learned the craft of making straw hats, which laid the foundation for his future entrepreneurial endeavors.
Rise to Success
After graduating from university, Luo borrowed 20,000 yuan to establish the Cixi Shenyi Handicraft Factory, focusing on the straw hat business. Throughout the 1990s, he expanded his ventures by founding Cixi Tianyi Investment, Hangzhou Jimei Real Estate, and Xinxin Real Estate. In the late 1990s, recognizing the potential of silicon materials production, Luo began investing in Xinjiang, Shihezi, Heihe, and other regions. This move was strategic, paving the way for his success in the silicon industry.
Key Business Strategies
Luo's key business strategy involved recognizing and capitalizing on emerging market demands. His foresight in investing in silicon materials production in the late 1990s, and his leadership in Hoshine Silicon Industry, demonstrate his strategic acumen.
Philanthropy
Luo has invested significantly in philanthropy, particularly in education and poverty alleviation, funding schools, scholarships, and infrastructure projects.