Early Life
Yu Yong was born on February 27, 1961, in Wafangdian, Liaoning Province, China. His birthplace was in an industrial region reliant on state-owned enterprises.
Rise to Success
Yu Yong founded Cathay Fortune Corporation in the early 2000s, recognizing the growing demand for critical metals like molybdenum, cobalt, and copper. His strategic investments and acquisitions, particularly in CMOC Group, have been pivotal. Under his leadership, CMOC became a global leader in the mining industry through key acquisitions in Africa, Australia, and South America. Yu Yong also holds a stake in Contemporary Amperex Technology Co. (CATL), a leading Chinese battery maker.
Key Business Strategies
Yu Yong's investment strategy focuses on early entry into high-growth sectors, acquiring undervalued assets and expanding operations. His investments in global mining projects and technology companies have been the foundation of his wealth.
Philanthropy
Details about Yu Yong's philanthropic endeavors are not publicly disclosed.