Qiu Guanghe (born 1951) is a Chinese entrepreneur, the founder and CEO of the retail clothing chain Semir.
Early life
Qiu Guanghe was born in 1951. He ended his education with high school.
Career
Qiu Guanghe worked in the home-appliance industry, before founding clothes retailer Semir in Wenzhou, his hometown. Semir opened its first store in 1997 in Jiangsu Province, selling leisurewear. Semir is now one of China’s largest clothing retailers, with more than 7,500 stores.
Qiu Guanghe shares his fortune with his family, including his son Qiu Jianqiang, who is vice chairman of the listed company, and son-in-law Zhou Pingfan, who is a senior executive at Semir. Semir owns Balabala, which is China’s leading children’s clothing brand.
Personal life
He is married with two children and lives in Wenzhou, China.
Qiu Guanghe is the founder and chairman of Zhejiang Semir Garment Co., Ltd. who has an estimated net worth of $4 billion as of April 2016 according to Forbes. In the “China Rich List,” he is the 37th richest person. He is ranked 704th in the list of World Billionaires. In the past year, Mr. Qiu has lost $2.1 billion of his net worth from the apparel retailer due to the slowing growth in the Chinese consumer spending. Zhejiang Semir Garment is currently working with the government-controlled China Resources Land on MIXC. It is an $800 million commercial and residential real estate project based in Wenzhou.
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