Business / Companies

Relentless buyer of Western brands has his sight firmly set

By Lu Haoting (China Daily) Updated: 2016-03-21 08:11

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Yuan Yafei

Chairman of Sanpower Group

Born in 1964

Career:

1988 to 1993: Public servant at Yuhuatai District Government in Nanjing

1993: Left his job in the government and started his own business

2000: Established the consumer electronics business Hisap Corp

2011: Acquired a controlling stake in Nanjing Xinjiekou Department Store Co, Ltd

2014: Completed a series of key acquisitions including: House of Fraser, Brookstone, Natali, Mecox Lane, Lashou.com and Funtalk Telecommunications.

Education:

1984-1988: Jinling Institute of Technology (the former Nanjing Polytechnic University)

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