The Chinese female technology billionaire sat between Elon Musk and Tim Cook

A series of Chinese business leaders attended the state banquet hosted by President Xi Jinping to entertain President Donald Trump on the evening of May 14, such as Chairman of Hisense, Wanxiang Group, Fuyao Glass, Air China, Comac, Lenovo, Xiaomi, Haier or CEO of ByteDance.

One of the images shared a lot on social networks She is called “China’s legendary female billionaire” thanks to her journey of starting a business from nothing.

Zhu Quanfei was born in 1970 into a poor family in Hunan province. When she was 5 years old, her mother passed away, her father became blind, and Mrs. Chu had to take care of every meal. Later, when she became famous, she was always proud to say that her difficult childhood was the source of motivation that helped her achieve success.

At the age of 15, Zhou Quan Phi dropped out of school and went to Shenzhen to work. At first, she worked as a warehouse security guard at a construction site, but after 4 months of not receiving her salary, she realized she had been scammed. She still decided to stay in the city and went to a lens and screen factory next to Shenzhen University to apply for a job as a worker.

Even though she worked 12 hours for a salary equivalent to one USD per day, Chu Quan Phi still spent time studying accounting and commerce at part-time courses… In 1993, with savings of more than 20,000 Hong Kong dollars, she set up a screen production workshop in a rented apartment with her 7 siblings.

When he started his career, Zhou Quan Phi never went to university, but he accumulated knowledge in accounting and information technology, and even had a truck driver’s license. At first, she had to struggle to find customers. Many times, she received coldness and rejection, and in some places she was even chased away before she could present her statement.

After many years of researching and producing watch glass, she decided to open Lens Technology company focusing on glass screens for phones in 2003. The turning point came when Motorola contacted her and ordered a scratch-resistant screen for the Razr V3.

After the product launch, Lens Technology immediately made a splash in the industry, orders from Samsung, Nokia, and HTC came one after another. In 2007, Apple placed orders for their first iPhone models and Ms. Chu’s life changed from here.

Theo TheirsLens Technology rose thanks to Apple’s orders. The company’s performance skyrocketed as the American technology company ushered in the era of smartphones with large screens. In March 2015, Lens Technology went public. That year, the company had 32 factories in 7 locations with more than 90,000 employees. Zhu Quanfei became the richest woman in China at the age of 45.

2016, magazine Fortune honored Ms. Chu on the list of Asia-Pacific’s Most Powerful Women. She also topped the list of the world’s richest self-made female billionaires in 2017 Forbes with a net worth of 7.4 billion USD. From a company specializing in manufacturing watch glass, she led Lens Technology into a “star” business, capturing the trends of the mobile industry through orders from Apple.

The company’s business activities also had a period of decline, when Chinese media reported that in the 2021 annual report, Lens Technology no longer mentioned Apple. Amid the risks, Ms. Chu quickly found new markets and bet on the future of electric vehicles. Also in the 2021 report, Lens Technology revealed that the company is providing display screens for new electric car models from Tesla, BMW, Mercedes-Benz, Volkswagen…

By 2024, Lens Technology’s cooperation network will include more than 30 car manufacturers. The product range is not limited to central control screens but extends to smart window glass, charging stations, wireless charging modules and many components for electric vehicles.

In parallel with the auto industry, Chu Quan Phi continues to bring Lens Technology into emerging technology fields such as humanoid robots and AI glasses. As of May 15, Lens Technology had a market value of $26.6 billion, with its stock price up 5.9% from the day before.