Huang Guangyu, the legendary man of Huaxia during the first decade of the twenty-first century, single-handedly founded Gome Electronics.
With Gome Electronics as the foundation for his initial capital accumulation, Huang Guangyu was already finding great success by the early to mid-1990s.
By the mid to late-1990s, Gome was expanding nationwide on a massive scale, and Huang Guangyu began venturing into multiple business sectors, just as his idol, the Chaoshan Merchant leader Li Ka-shing, once said: "Business has no boundaries." This was his development phase.
In 1999, Huang Guangyu founded Pengrun Investment Co., Ltd. with total assets of about 5 billion yuan to conduct capital operations. He subsequently carried out a series of commercial activities, including acquisitions and mergers, and ventured into numerous fields.
In 2004, Huang Guangyu's Pengrun Group acquired a 65% stake in the assets of 94 Gome stores across 22 cities for a price of 8.3 billion Hong Kong dollars.
