Yuan Yafei, Member of the National Committee of CPPCC and Chairman of Sanpower Group

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Yuan Yafei is the Chairman of Sanpower Group. With total assets of over RMB 120 billion and annual revenue amounting to RMB 130 billion by 2016, the Group is on the list of “China’s Top 500 Enterprises” for thirteen consecutive years (132nd). Yuan Yafei is among the guests at this year’s Jiangsu Development Summit.

In China, Zhujiang Road in Nanjing is often mentioned in the same breath with Zhongguancun, a technology hub in Beijing which is often referred to as “China’s Silicon Vally.” Started up at Zhujiang Road, Sanpower Group is well-known in Nanjing. Established by Yuan Yafei in 1993, Sanpower was only a small computer assembly company in the beginning. Through 24 years’ development, Sanpower has become a large private enterprise with its total asset rising from only RMB 20,000 to over a hundred billion. Deeply attracted by the friendliness and inclusiveness of Nanjing, Yuan Yafei has decided that Sanpower Group will always be headquartered in Nanjing. “The inclusive corporate culture of Sanpower is inseparable from its birthplace,” he said.

Starting a Business from Scratch at Zhujiang Road

Today, at the mere mention of the name of Sanpower Group, many Chinese would say, “it sells computers.” Back in 1993, Yuan Yafei resigned from his position as a civil servant in Nanjing Yuhuatai District Government and scraped together RMB 20,000 to establish Sanpower. “I am the first businessman based at Zhujiang Road to put an ad in a newspaper because my store was in a poor location.” Yuan Yafei said. By 1995, his had set up several stores in Zhujiang Road.

Over years, Sanpower has always been headquartered in Nanjing with continuous development and expansion. Apart from the humanistic atmosphere and cultural background of the city, talents, innovation and diversity also explained why Yuan Yafei is so in love with Nanjing.

Nanjing will speed up economic restructuring and upgrading according to its “Thirteenth Five-Year Plan”. Sanpower supports the industrial transformation of Nanjing with concrete moves. According to its broad consumption and broad health layout, Sanpower introduced three foreign brands to China last year, namely Brookstone, a new brand in USA, House of Fraser, a well-established British department store, and a famous British toy brand Hamleys. All these brands located their Chinese first store in Nanjing.

In the field of broad health, Sanpower Group plans to extend its businesses to storage of umbilical cord blood stem cells, genetic testing, cell immunotherapy, hospital management, home-based and institutional senior care, etc. Once Sanpower is ready in the future, it will first choose Nanjing to implement these businesses by establishing cell factory, professional hospitals, senior care community and so on.

According to Yuan Yafei, Sanpower Group was born and grew up in Nanjing, and as a multinational enterprise, Sanpower is aimed to make a positive and practical contribution to Nanjing and Jiangsu Province by exploring opportunities that come with the Belt and Road Initiative.  

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