Global EditionASIA 中文双语Français
Business
Home / Business / Companies

Chinese 'orange king' dies at the age of 91

By Zhang Jie | chinadaily.com.cn | Updated: 2019-03-05 16:17
Share
Share - WeChat
Chu Shijian at a news conference in Xinping county, Yunnan province, Oct 10, 2015. [Photo/VCG]

Controversial Chinese business tycoon Chu Shijian died at the age of 91 in Yuxi, Yunnan province, China Economic Net reported on Tuesday.

Chu was head of the near-bankrupt Yuxi Tobacco Company at the age of 51. Under his leadership, the company became China's most profitable State-owned tobacco company during the 1980s and 1990s, and operated as the Hongta Tobacco Group.

Chu however was found guilty of charges of corruption, and was incarcerated at the age of 71.

Released on medical parole in 2002 at the age of 74, Chu started his second startup, building an orange orchard with his wife, Ma Jinfen.

Having worked on the orange orchard for a number of years, Chu set up an orange company, taking the post of chairman on his 90-year-old birthday.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE