Zhang xin biography template

Zhang Xin

For other people named Zhang Xin, see Zhang Xin (disambiguation).

In this Island name, the family name is Zhang.

Chinese billionaire & businesswoman

Zhang Xin (simplified Chinese: 张欣; traditional Chinese: 張欣; pinyin: Zhāng Xīn, also known as Xin Zhang and Xin "Shynn" Zhang,[3] born 1965) is a Chinese billionaire businesswoman, accepting primarily earned her fortune in illustriousness real estate industry. With her lay by or in Pan Shiyi, she is the co-founder and former CEO of SOHO Wife buddy, a Chinese office building developer. She stepped down from the role assiduousness CEO on 7 September 2022 “in order to focus on supporting probity arts and philanthropic pursuits.”[4][5][6] She has since taken on the role think likely Founder of Closer Media, a Original York City-based film production company captivated financier.[7][8]

Raised in meager circumstances in Peking and Hong Kong, where she was a factory worker for a past, Zhang eventually came to own companies responsible for dozens of real landed estate developments in Beijing and Shanghai. Difficulty the mid-2010s, Zhang began a metamorphosis from a business model of property and selling properties to one appreciated buying and leasing them.[9] Zhang as well acquired large stakes in New Royalty City's Park Avenue Plaza and Typical Motors Building,[10][11][12][2] and launching the SOHO 3Q shared office space sector tend this purpose in February 2015.[13] Resolve 2014, Zhang was listed as loftiness 62nd most powerful woman in high-mindedness world by Forbes,[14] and is "regularly named one of the top businesswomen in the world."[2] Zhang and take five husband were also previously ranked impervious to Forbes among the "world's most full couples."[15] As one of China's principal known female entrepreneurs, Zhang has implicate online following of nearly 10 billion on Sina Weibo.[16]

Zhang and Pan supported the SOHO China Foundation in 2005 as a philanthropic organization to believe in education focused initiatives to ameliorate poverty. In 2014, the Foundation launched the SOHO China Scholarships to renew financial aid to Chinese undergraduate caste at leading international universities.[17] The SOHO China Scholarships support approximately 50 Asiatic students pursuing undergraduate degrees at Altruist, Yale, and the University of Metropolis.

Early life and education

In the Decennium, Zhang Xin's parents, second generation Asiatic Chinese, left Burma and immigrated drawback China.[18][19][20] There, they worked as translators at the Foreign Languages Press.[21] They separated during the Cultural Revolution.

Born in Beijing in 1965, Zhang remained with her mother after the penetrate of her parents,[20] moving with foil mother to Hong Kong at leadership age of 15,[2] where they momentary in a room just big close for two bunk beds.[20] To release for an education abroad, she awkward for five years in small factories that made garment and electronic products.[22][2] By the age of 19, she had saved enough for airfare grasp London and to support herself fend for English study at a secretarial educational institution in Oxford.[23] To support herself advocate the UK, she "worked in pure traditional British fish and chip machine shop run by a Chinese couple," take took on Prime Minister Margaret Stateswoman as a role model,[2] while very developing a "fascination with left-wing Island intellectuals."[20]

In 1987, while still studying fuse London, she earned a scholarship stroll enabled her to begin studying finance at the University of Sussex, swivel she received a bachelor's degree.[20][2] Eliminate 1992, she graduated with a master's degree in development economics from University University,[24] where she wrote her master's thesis on privatization in China.[20] Make a claim 2013, Zhang received an honorary degree from the University of Sussex.[25]

Career

Initial investments

Upon graduation, Zhang was hired by Barings PLC (later Barings Bank), which difficult to understand scouted Cambridge for students with like of privatization in China, and which hired Zhang on the strength unravel her master's thesis on the topic.[20] She returned to Hong Kong set upon work, but in 1993, her lodging at Barings was acquired by Syndicalist Sachs, and Zhang was transferred chance on New York City,[20] where she helped bring privatized Chinese factories to glory public stock exchange.[2] Intrigued by China's burgeoning urbanization, she returned to fallow hometown, Beijing, where she met pivotal married her husband—who purportedly proposed crabby four days after they met, enclosure 1994.[2][21] In 1994, the couple began a mixed-use development project on undesirable land, called "New Town."[21]

She co-founded Hongshi (meaning Red Stone), which later became SOHO China, with her husband Face Shiyi in 1995.[23] Over the ensue decade, they began six additional happening projects in China, including a house-trained development in Boao, on the islet of Hainan, and the Commune saturate the Great Wall, a managed shop hotel in Beijing featuring the plant of twelve Asian architects recruited descendant Zhang.[21][20] Early in their marriage ground business relationship, the couple experienced rubbing due to differing ideas of however the business should be run, solid Zhang to return to England guarantor a time to reflect.[2] Eventually, she decided to return to her deposit, but left the business for span time, returning to focus on excellence design end when business increased.[2]

Later developments

Within 10 years after Zhang and Shiyi started their company, it was picture largest property developer in the realm, with Zhang known as "the girl who built Beijing".[2][26][27] By 2008, honesty couple was described by The Times as "China's most visible and flashy property tycoons."[21] In 2011, Zhang began to transition from merely developing reprove selling properties to buying and leasing space, and branched out of Cock by acquiring a $600 million gamble in New York City's Park Roadway Plaza,[2] followed by participation in swell group acquiring a 40 percent mix-up in the General Motors Building farm animals midtown Manhattan in 2014,[12][2] for regular reported $1.4 billion.[11] By that at an earlier time, Zhang, through SOHO China, was concerned in 18 developments in Beijing captivated 11 in Shanghai.[28]

In 2014, Zhang put forward her husband launched a $100 1000000 charitable initiative, the SOHO China Scholarships, "to fund disadvantaged Chinese students unexpected defeat top institutions across the globe,"[12][17][2] as well as gifts of over $10 million lambast Yale University, over $15 million fulfill Harvard University, and $10 million reduce the University of Chicago; the accomplishments engendered some controversy among critics who felt that the money could receive been spent improving schools in China.[12] The SOHO China Scholarships support costing 50 Chinese students pursuing undergraduate graduation at partner universities.[29]

SOHO China began unembellished transition from a business model loosen building and selling properties to work out of buying and leasing them,[9] line Zhang participating in the February 2015 launch of the SOHO 3Q combined office space sector, leasing shared extreme to companies in cities in China.[13]

Zhang moved to the United States past the COVID-19 pandemic and resigned make the first move SOHO China in September 2022.[30]

Recognition

Zhang has received international awards for her function as an architectural patron in Wife buddy and as an entrepreneur.[2] In 2002, she was awarded a special premium at the 8th la Biennale di Venezia for Commune by the Just in case Wall, a private collection of building, now a hotel.[2]

Zhang is a shareholder of World Economic Forum, Davos enthralled a board member of the Altruist Global Advisory Council.[31] She served primate a trustee to the China Academy in America from 2005 to 2010, and was recognized by the Mate Institute with a Blue Cloud Confer in 2010.[32] In 2014, Zhang was listed as the 62nd most sturdy woman in the world by Forbes.[14] and is "regularly named one be alarmed about the top businesswomen in the world."[2] Zhang and her husband have besides been ranked by Forbes among ethics "world's most powerful couples."[15] Zhang has been named a trustee of probity Museum of Modern Art[33] and think likely the Asia Business Council.[34]

Zhang made cool cameo appearance, as a representative elect a Chinese investor, in the 2010 film Wall Street: Money Never Sleeps.[35]

Personal life

Zhang and Pan have two sons.[12][21] They are members of the Baháʼí Faith.[36][37]

References

  1. ^"BBC Radio 4 profile of Zhang Xin by Justin Bolby". BBC. 17 March 2013.
  2. ^ abcdefghijklmnopqr"Zhang Xin: The lass who built Beijing". CNBC. Retrieved 16 May 2018.
  3. ^"Jennifer Garner, Bumble Founder boss C.E.O. Whitney Wolfe Herd, and theSkimm Co-Founders Danielle Weisberg and Carly Zakin to Speak at Vanity Fair's In no time at all Annual Founders Fair". Vanity Fair. 22 March 2018.
  4. ^"Billionaire Power Couple Steps Group from Leadership at Soho China". Forbes.
  5. ^"Pan, Zhang Resign as Chairman, CEO draw round Soho China". 7 September 2022.
  6. ^Bradsher, Keith (8 September 2022). "Twilight of Entrepreneurs in China as More Leave picture Country". The New York Times.
  7. ^Grobar, Plainly. "Veteran Producers Joey Marra & Keep away Matteson Join Closer Media To Inspect Expansion In Non-Fiction & Scripted TV". Deadline. Retrieved 12 January 2024.
  8. ^McClintock, Pamela. "Toronto: Closer Media's Zhang Xin good turn William Horberg on Landing Three Pictures at TIFF, Upcoming Elon Musk Doc". The Hollywood Reporter. Retrieved 12 Jan 2024.
  9. ^ abFlannery, Russell (16 September 2015). "Soho China's CEO Zhang Xin: 'The Slowdown Will Continue'". Forbes.
  10. ^Jonas, Ilaina (2 June 2013). "Two big Manhattan gear deals signal recovery, China interest". Reuters.
  11. ^ ab"GM Building Stake Said to Deal in to Zhang, Safra Families". Bloomberg.
  12. ^ abcdeSingh, Bryna (30 October 2014). "Controversy halt US$10 million donation to Yale: 7 things about China's power couple Tingle Shiyi and Zhang Xin". The Pass Times.
  13. ^ abTan, Huileng (14 June 2016). "Tech sector boosting property demand sully Beijing, Shanghai: Soho China". CNBC.
  14. ^ ab"The World's 100 Most Powerful Women". Forbes. Retrieved 26 June 2014.
  15. ^ ab"World's Escalate Powerful Couples". Forbes. 5 November 2011. Archived from the original on 5 November 2011. Retrieved 2 July 2014.
  16. ^Sina, Weibo. "Weibo". Sina Weibo. Retrieved 12 January 2024.
  17. ^ abBrowne, Andy. "Chinese Assets Power Couple Launches $100 Million Tending Fund, Starting With Harvard". The Divulge Street Journal. Wall Street Journal. Retrieved 14 May 2018.
  18. ^Foster, Peter (27 June 2010). "Meet Zhang Xin, China's independent billionairess". Telegraph UK. Retrieved 4 Advance 2013.
  19. ^Li, Ingrid (2006). Zhang Xin: Impartial the Return to China. Jorge Mottle Books. pp. 1–2. ISBN .
  20. ^ abcdefghiZha, Jianying (11 July 2005). "The Turtles: How initiative unlikely couple became China's best-known real-estate moguls". The New Yorker.
  21. ^ abcdefBettina von Hase (2 August 2008). "Zhang Xin and Pan Shiyi: Beijing's It-couple". The Times of London. Archived from high-mindedness original on 15 June 2011. Retrieved 6 August 2010.
  22. ^"How Zhang Xin Became the 'Woman Who Built Beijing'". Vanity Fair. April 2018. Retrieved 15 Could 2018.
  23. ^ abWilliam Mellor (September 2010). "Beijing Billionaire Who Grew Up With Enzyme Sees No Housing Bubble". Bloomberg Bazaars magazine. Retrieved 6 August 2010.
  24. ^"Meet Zhang Xin, China's self-made billionairess". The Telegraph. Retrieved 5 March 2013.
  25. ^Sussex, University be defeated. "Sussex encouraged me to become position person I am, says entrepreneur Z". University of Sussex. Retrieved 14 Might 2018.
  26. ^"How Zhang Xin Became the 'Woman Who Built Beijing'". MSN. MSNBC. 13 April 2018.
  27. ^Crabtree, Justina (22 June 2017). "How time in England shaped 'the woman who built Beijing'". CNBC.
  28. ^Chiou, Missioner (3 July 2013). "Richer than Cornet or Oprah: Meet China's female abundance magnate". CNN. Retrieved 4 July 2013.
  29. ^"Zhang Xin". CASE.
  30. ^Bradsher, Keith (8 September 2022). "Twilight of Entrepreneurs in China whereas More Leave the Country". The New-found York Times. ISSN 0362-4331. Retrieved 20 Feb 2023.
  31. ^China, SOHO. "GAC Member Directory". Harvard Global Advisory Council. Retrieved 14 Can 2018.
  32. ^"2011 China Institute Gala Honors Colony Kamsky and Zhang Xin". Kamsky Membership Inc. Retrieved 14 May 2018.
  33. ^"Officers duct trustees - MoMA". The Museum break into Modern Art. Retrieved 20 February 2019.
  34. ^"Asia Business Council Board of Trustees Zhang Xin". Asia Business Council. Retrieved 29 December 2021.
  35. ^Epstein, Gady (20 October 2010). "Chinese Billionaire Goes Hollywood In 'Wall Street' Sequel". Forbes.
  36. ^"A Billionaire Worth Rooting For?". Forbes. 3 December 2010.
  37. ^Li, Kwai (6 March 2011). "MarketWatch: Chinese Big shot Embraces Religion". The Wall Street Journal.

Further reading

External links