Early Life and Career
Xiong Haitao began her professional journey outside of the plastics industry, gaining experience in consumer electronics. She worked for mainland consumer electronics manufacturers Sichuang Changhong and Konka before transitioning to Kingfa in 1997.
Rise to Success
Xiong's entry into Kingfa marked a pivotal point in her career. As a director of Shanghai-listed Kingfa Sci. and Tech, she played a key role in the company's expansion. The company's revenue increased significantly. In 2020, Kingfa entered the market for medical and protective gloves during the global pandemic, a move that further boosted its profile. Together with her husband, Yuan Zhimin, they own a significant stake in Kingfa, contributing to their substantial wealth.
Key Business Strategies
Xiong's husband, Yuan Zhimin, founded Kingfa in 1993. The company has focused on the plastics industry. Kingfa acquired India's Hydro S&S Industries in 2013 as an overseas manufacturing base. Yuan and Xiong's combined stake in the company has been a key factor in their financial success.
Philanthropy
While specific details about Xiong Haitao's personal philanthropic endeavors are not readily available, it is worth noting the broader trends of philanthropy in China. Many wealthy individuals have increased their charitable contributions.