The Ledger / Ruan Xueping
Ruan Xueping
◼ Origin
Ruan Xueping co-founded Gongniu Group (Bull Group, SSE: 603195) in 1995 in Cixi, Zhejiang province, alongside his brother Ruan Liping. The brothers built the company — whose name translates to 'bulls,' reportedly inspired by the Chicago Bulls — into China's dominant manufacturer of consumer power strips, wall sockets, USB charging hubs, and LED lighting. Gongniu listed on the Shanghai Stock Exchange in February 2020 at a valuation exceeding 100 billion yuan at peak market capitalization, making both brothers billionaires. Ruan Xueping serves as Vice Chairman.
◼ Self-Made Verdict — YES
Co-founded Gongniu Group in 1995 with his brother in Cixi, Zhejiang, with no disclosed inherited capital, growing from a startup into China's dominant power strip manufacturer before a 2020 IPO.
◼ Documented marks
01
Vice Chairman of Gongniu Group Co. (SSE: 603195); co-founded the company in 1995 with his brother Ruan Liping (Chairman).
02
Gongniu is China's market leader in consumer power strips, wall sockets, USB charging hubs, and LED lighting.
03
Listed on the Shanghai Stock Exchange in February 2020; market capitalization exceeded 100 billion yuan at peak.
04
A 2019 patent suit filed by Jiangsu Tongling Technology (~RMB 1 billion) was decided in Gongniu's favor after CNIPA invalidated plaintiff's patents (Nanjing Intermediate Court, March 2020).
05
Exports to Southeast Asia, Europe, and the Middle East under OEM and Gongniu own-brand arrangements.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
No documented charges yet.
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
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