BillionaireNet
Xingming
Zhu Xingming
Rank #1446
CHINAManufacturingElectrical equipment

Zhu Xingming

Net Worth
$2.782B
+0.05% (24h)
Zhu Xingming, a self-made billionaire, is the 58-year-old founder and chairman of Inovance Technology, a leading industrial automation company in China. His estimated net worth is $3 billion, as of December 16, 2025. Zhu's wealth stems from his innovative work in the electrical equipment sector, manufacturing industrial robots, and automation control products. He holds a Master's degree from Yanshan University and is recognized for his leadership in a company known as the 'Little Huawei' in the industry. Zhu co-founded Inovance in 2003, and it went public in 2010, where Zhu and his daughter own about 10% of the company's stock. Under his leadership, the company has expanded its operations globally with a commitment to innovative and sustainable energy solutions.

The Full Dossier

Early Life

Zhu Xingming, born in 1967, grew up in an ordinary family. He displayed an early aptitude for technology and enrolled in the radio engineering program at Yanshan University. After graduating with top honors, he pursued graduate studies at the same university.

Rise to Success

Following his education, Zhu began his career in Shenzhen, working in motor and electronic control technology. Later, he joined Emerson as the director of the electrical product line. Dissatisfied with his lack of contribution to China's development, he decided to pursue his entrepreneurial dream. In 2003, Zhu, along with a team of former engineers from Huawei, founded Inovance Technology, often referred to as the 'Little Huawei' in the industry.

Key Business Strategies

Inovance, under Zhu's leadership, has focused on industrial automation control products. The company has been listed on the Shenzhen Stock Exchange since 2010. Zhu emphasized the importance of high-end, green, intelligent, and international development in manufacturing. Inovance has invested in research and development, launching innovations like the INO AIR global industrial wireless synchronous motion control solution. The company expanded its production capacity with the commissioning of its Xi'an Energy Storage Manufacturing Base in November 2025.

Philanthropy

Information on Zhu Xingming's specific philanthropy is limited in the search results.

Career Timeline

2025

Inovance Commissions 50GW Energy Storage Gigafactory

Inovance launched a 50GW Energy Storage Manufacturing Base in Xi'an.

2019

Deloitte Best Managed Companies Award

Inovance was recognized with the Best Managed Companies award from Deloitte.

2010

Inovance Goes Public

Inovance Technology was listed on the Shenzhen Stock Exchange.

2003

Founded Inovance Technology

Co-founded Inovance Technology, a company specializing in industrial automation control products.

Philanthropic Impact

N/A$0

Information not found

Philanthropic activities not found.

Wealth Trajectory