Wang Muqing Net Worth is$1.06 Billion
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Wang Muqing Net Worth: Wang Muqing is Chinese businessman who has a net worth of $1.06 billion. The founder and a non-executive director of China ZhengTong Auto, Wang Muqing saw a decline in his net worth due to falling profit margins and share prices in the auto distribution industry. However, he still remains on the list of China's richest. What he started as a single Nissan dealership in 1999 now is a distributor of all kinds of luxury makes including BMW, Audi, Land Rover, Jaguar and Volvo from dozens of locations in central and eastern China. The company was first listed on the Hong Kong exchange in December 2010, after which Wang Muqing enjoyed a rise in his fortune. Ever since, shares have fallen back, especially after Wang stated he would reduce his own stake from 73% to 61.5%. Nowadays, ZhengTong's brands face tough competition from partners of Toyota, Ford and GM.

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Wang Muqing Latest News

Trial by fire: three years on from the crackdown that put China’s nascent human rights law movement to the test

Sui Muqing was thinking about leaving the law altogether ... Formerly specialising in intellectual property cases, Wen defended another prominent rights lawyer, Wang Yu, who was caught in the crackdow...
Posted: July 8, 2018, 4:07 pm

After three years of crackdown on 709 lawyers, Wang Quanzhang remains missing

He was eventually forced to sign a statement of guilt. The family is now free, but Wang and her husband can no longer work as lawyers. Sui Muqing has also been disbarred. After starting a promising ca...
Posted: July 9, 2018, 11:57 pm

Beijing takes over Olympic flag at closing ceremony of Pyeongchang 2018

Photo by Wang Muqing Towards the end of the ceremony, Thomas Bach, President of the International Olympic Committee (IOC)handed the Olympic flag to Chen Jining, Mayor of Beijing, marking an important ...
Posted: February 25, 2018, 3:00 pm
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