Chinese Billionaire, Founder of JS Global Lifestyle & Joyoung Wang Xuning CJ Fortune Increased to $3 Billion, Invented World First Soy-Milk Electric Machine in 1994, Acquired SharkNinja in 2019
10th February 2024 | Hong Kong
Chinese billionaire, founder of JS Global Lifestyle & Joyoung Wang Xuning “CJ” fortune has increased to $3 billion. Wang Xuning “CJ” had invented the world first soy-milk electric machine in 1994, and acquired United States SharkNinja in 2019. The Chinese subsidiary Joyoung Co., Ltd. (002242.SZ) was established in 1994. It is an intelligent small home appliance enterprise focused on the R&D, production, and sales of healthy diet appliances. JS Global Lifestyle Company Ltd. (01691.HK) ( “JS Global” or “the Group”) is a high-quality, innovative small household appliance group. Group was listed on the main board of the Hong Kong Stock Exchange on December 18, 2019, and operates three major brands mainly in APAC under its umbrella: Shark, Ninja, and Joyoung.
“ Chinese Billionaire, Founder of JS Global Lifestyle & Joyoung Wang Xuning CJ Fortune Increased to $3 Billion, Invented World First Soy-Milk Electric Machine in 1994, Acquired SharkNinja in 2019 “
Chinese Billionaire, Founder of JS Global Lifestyle & Joyoung Wang Xuning CJ Fortune Increased to $3 Billion, Invented World First Soy-Milk Electric Machine in 1994, Acquired SharkNinja in 2019
JS Global Lifestyle Company Ltd. (01691.HK) ( “JS Global” or “the Group”) is a high-quality, innovative small household appliance group. Group was listed on the main board of the Hong Kong Stock Exchange on December 18, 2019, and operates three major brands mainly in APAC under its umbrella: Shark, Ninja, and Joyoung. It has a strong presence in the Chinese market and is gradually expanding its sales to Japan, Australia, South Korea, Southeast Asia, and other Asia-Pacific countries and regions. In the first half of 2023, the Group’s ongoing business revenue reached 574 million US dollars. The Group is currently included in the Hang Seng Composite Index constituent stocks, MSCI Hong Kong Small Cap Index, Hang Seng ESG50 Index, and Hang Seng Sustainable Development Enterprise Index constituent stocks.
The Group’s subsidiary in the Asia-Pacific, JS Global APAC, was established in 2023 with its headquarters located in Hong Kong. It is responsible for the comprehensive operations of the Shark and Ninja brands in the Asia-Pacific region (excluding mainland China). The company’s products offer advanced intelligent cleaning solutions, convenient and healthy kitchen appliances, and innovative personal care products to consumers. The company places emphasis on R&D and product design, with a keen insight into consumer needs in the market, showcasing robust market expansion capabilities. Representative products include lightweight cordless vacuum cleaners, ice cream makers, and high-speed styling hairdryers.
The Chinese subsidiary Joyoung Co., Ltd. (002242.SZ), established in 1994. It is an intelligent small home appliance enterprise focused on the R&D, production, and sales of healthy diet appliances. The company places great emphasis on technological research and development and anticipatory technology reserves. It excels in creating products suited to Chinese dietary habits using technological innovation and has strong small home appliance supply chain management capabilities, enabling it to adapt to and guide changes in new consumer patterns.
Joyoung was listed on the Shenzhen Stock Exchange on May 28, 2008. Its representative products include household soy milk makers, blenders, rice cookers, kettles, and home water purification devices. The product lines in China are among the top three in their respective industries.
Mr. Wang Xuning is the Chairman and Chief Executive Officer of the Group, a position he has served since June 2019.At the same time, he was appointed Chairman of the Strategic Committee and Nomination Committee of the Company in 2019. Mr. Wang is mainly responsible for formulating business strategies and making key corporate and operational decisions; he also oversees the overall management of the Group.
CJ Xuning Wang has served as the Chairperson of our Board since 2017. Mr. Wang has served as Chairman of the Board and Chief Executive Officer of JS Global since 2019. Mr. Wang is the founder of Joyoung. He invented the first fully automatic household soymilk maker in 1994 and has been instrumental in the development of soymilk maker industry. Mr. Wang served as the Chairman of Joyoung from 2007 to 2022 and General Manager and President of Joyoung from 2007 to 2019. Mr. Wang holds a Masters of Business Administration from China Europe International Business School (CEIBS) and a Bachelor of Electric Traction and Transmission Control from Beijing Jiaotong University.
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