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China $1.1 Billion Furniture Group Red Star Macalline Group Founder & General Manager Che Jianxing Detained by Authorities (Yunnan Provincial Supervisory Committee) for Investigation, Chairman Li Yupeng Appointed as Acting General Manager, Che Jianxing Founded Red Star Macalline Group in 2007 with CNY 600 ($83) Loan, Sold Majority Shares to China State-Owned Xiamen C&D in 2023 & Stepped Down as Chairman, Che Jianxing Personal Fortune Had Fluctuated Between $300 Million to $6 Billion Due to Furniture Industry & Economic Changes
15th May 2025 | Hong Kong
China furniture group Red Star Macalline Group ($1.1 billion market value) founder & General Manager Che Jianxing had been detained by authorities (Yunnan Provincial Supervisory Committee) for investigation, with Chairman Li Yupeng appointed as acting General Manager. Che Jianxing founded Red Star Macalline Group in 2007 with CNY 600 ($83) loan. In 2023, Che Jianxing sold majority shares to China state-owned Xiamen C&D, and stepped down as Chairman. Che Jianxing personal fortune had fluctuated between $300 million to $6 billion due to furniture industry & economic changes.
“ China $1.1 Billion Furniture Group Red Star Macalline Group Founder & General Manager Che Jianxing Detained by Authorities (Yunnan Provincial Supervisory Committee) for Investigation, Chairman Li Yupeng Appointed as Acting General Manager, Che Jianxing Founded Red Star Macalline Group in 2007 with CNY 600 ($83) Loan, Sold Majority Shares to China State-Owned Xiamen C&D in 2023 & Stepped Down as Chairman, Che Jianxing Personal Fortune Had Fluctuated Between $300 Million to $6 Billion Due to Furniture Industry & Economic Changes “
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China $1.1 Billion Furniture Group Red Star Macalline Group Founder & General Manager Che Jianxing Detained by Authorities (Yunnan Provincial Supervisory Committee) for Investigation, Chairman Li Yupeng Appointed as Acting General Manager, Che Jianxing Founded Red Star Macalline Group in 2007 with CNY 600 ($83) Loan, Sold Majority Shares to China State-Owned Xiamen C&D in 2023 & Stepped Down as Chairman, Che Jianxing Personal Fortune Had Fluctuated Between $300 Million to $6 Billion Due to Furniture Industry & Economic Changes
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