On November 17, XPeng Motors delivered a stellar Q3 earnings report, marking a milestone with quarterly revenue surpassing RMB 20.38 billion—a 101.8% YoY surge and 11.5% QoQ growth. Vehicle deliveries soared 149.3% YoY to 116,000 units. CEO He Xiaopeng, ranked 114th on the 2025 Hurun Rich List, saw his wealth jump 50% to RMB 48 billion.
Joining him were Chen Tao of Shengyi Technology and Liu Jingkang of Insta360, both Guangdong-based entrepreneurs whose fortunes skyrocketed this year, collectively amassing over RMB 100 billion. Their stories—spanning AI-powered imaging, PCB manufacturing, and smart mobility—reflect Guangdong’s industrial transformation from "manufacturing hub" to "innovation powerhouse."
**Insta360: Disrupting Imaging Tech** Liu Jingkang, a post-90s entrepreneur, gained fame at 21 by decoding 360’s founder Zhou Hongyi’s phone number. In 2015, he launched Insta360 with RMB 300,000 in savings. A decade later, the company went public on Shanghai’s STAR Market, boasting a 67.2% global market share in panoramic cameras. Its recent drone venture propelled its market cap past RMB 100 billion, landing Liu and his wife Pan Yao at No. 157 on Hurun’s list with RMB 38.5 billion.
**Shengyi Tech: Riding the AI Wave** Chen Tao, a military veteran turned PCB tycoon, saw his wealth surge RMB 56 billion to RMB 65 billion (No. 81) as Shengyi became NVIDIA’s Tier-1 supplier. The stock soared 571% YTD, fueled by AI-driven demand.
**XPeng: Beyond EVs** He Xiaopeng’s ambitions now span robots and flying cars. XPeng’s humanoid robot IRON went viral, while its "Land Aircraft Carrier" secured 7,000 pre-orders. His wealth climbed to RMB 48 billion (up 26 ranks).
**Industrial Shift** These entrepreneurs epitomize Guangdong’s pivot to AI, smart mobility, and advanced imaging. The province leads in drones (70% global share), industrial robots (44% national output), and AI models (105 registered). Experts like Wang Jun highlight Guangdong’s edge in R&D (RMB 510 billion annually) and ecosystem maturity, enabling rapid tech commercialization.
Guangzhou and Shenzhen drove over one-third of regional GDP growth via strategic emerging industries, with robotics and drones posting 30-40% output gains. As Chen Wanling notes, Guangdong’s traditional sectors, like smart home appliances, are now incubating next-gen tech giants.
*Contributors: Wang Zenan, Huang Yue, Wang Haoqi*
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