One’s Trash is Other’s Gold

By Sun

Bloomberg.com today has a story about a Chinese woman, Zhang Ying, and her company Nine Dragons Paper Holdings Ltd. The article says

Zhang is the world's richest self-made woman, ahead of U.S. chat show host Oprah Winfrey and EBay Inc. Chief Executive Officer Meg Whitman, according to Shanghai-based Hurun Report, which ranks wealthy people in China.

And you wonder how she gets there:

Zhang started collecting wastepaper in 1990 in Los Angeles and shipping it to China to make the cardboard needed by growing export industries. Her company, Nine Dragons Paper Holdings Ltd., is now China's biggest packaging maker. Nine Dragon's stock has risen fourfold since its March initial public offering, pushing Zhang's fortune to $4.7 billion.

Even now in China there are still many small collectors go from neighborhood to neighborhood and buy wastepaper, bottles, and empty soda cans at every cheap prices, due to the lack of recycling policy.

The opportunity is there, but not everybody can see it.

This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.


China, Random thoughts

One Response to “One’s Trash is Other’s Gold”

  1. moneymonk |  Jan 16, 2007 at 5:30 pm

    Good story, I think certain people just keep their eyes and ears open. It’s all mental. You have to be always thinking of opportunity, always!