Tong Jinquan Success Story

Being photographed just a few times, and quoted in a limited number of interviews, articles and magazines, Tong Jinquan is one of the most influential names in the Chinese industry of property development. Born in Shaoxing in 1954, Tong saw his parents run a petty grocery store, but he was not interested in his family business.

Trying his hands on a number of businesses, including sporting goods and making baskets, he ultimately found his fortune in the Chinese real estate market. Today, his real estate development company has built a number of shopping malls, hotels, apartments and offices in the country. Starting with humble beginnings and maintaining a low profile, he is counted among the richest businessmen in China.

Career

Born in Shaoxing in 1954, Tong was the 7^th of 9 children of his parents, who ran a petty grocery store in the area. He left school after 5^th grade, and started building baskets to support his family. Later, he moved on to raise bees and sell honey. Eventually, he moved into the business of sporting goods equipments in 1975, when he started working at a table tennis equipment factory in his locality.