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Qiu Guanghe & family

Qiu Guanghe & family

Q. family
-0.14% | - $-4.19M
$3.04 B ₹ 27,658 Cr
Real Time Net Worth #1362 Ranking as of 21 Feb 2026 By Forbes

More on Qiu Guanghe & family

Gender

Male

Age

74Y

Country

China

Born On

December, 1951

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fashion)

Primary Organization

Zhejiang Semir Garment

Titles

Founder & Chairman

Sources of Wealth

Zhejiang Semir Garment

Industry

Fashion, Retail, Apparel

About Qiu Guanghe & family


Q iu Guanghe is a self-made Chinese billionaire who is the founder and chairman of Zhejiang Semir Garment, one of China's largest and most successful apparel companies. He founded the company in the 1990s and has built it into a dominant player in the Chinese fast-fashion market, with a massive network of stores across the country. The company's two main brands are its flagship Semir brand for casual wear and its Balabala brand, which is the leading children's wear brand in China.

Semir's success is built on its focus on the youth and family market and its strong brand recognition. He took the company public on the Shenzhen Stock Exchange, and his family's large controlling stake is the source of their billion-dollar fortune. His son is now the president of the company, and his daughter is also involved in the business, continuing the family's legacy in the highly competitive Chinese fashion industry.

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Quick Reads


  • Founder and Chairman of the Chinese apparel giant Zhejiang Semir Garment.
  • A self-made billionaire, he founded the company in the 1990s.
  • Semir is one of China's largest fashion retailers.
  • Its Balabala brand is the leading children's clothing brand in China.
  • His son is now the president of the company.

Early Life and Background


Qiu Guanghe is a Chinese businessman, the self-made billionaire Founder and Executive Chairman of Semir Garment Co., Ltd. (SZSE: 002563), a major apparel and fast-fashion retail chain in China. His career is rooted in retail, brand building, and scale expansion.

Qiu's philosophical approach centers on scale, brand diversification, and long-term asset hold in the essential consumer retail sector (specializing in casual wear and children's apparel). He founded Semir in 1996 in Wenzhou, Zhejiang Province, recognizing the immense, untapped domestic demand for affordable, branded casual fashion.

  • Semir Garment Co., Ltd. (Founder & Chairman): The core publicly traded asset, a major manufacturer and retailer of casual wear and children's apparel (brands include Semir and Balabala).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for youth-focused and children's fashion.
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and brand IP (leveraging the massive Chinese consumer growth story).
  • Family Governance: He maintains controlling influence over the publicly traded company.

Career Journey of Qiu Guanghe & family


Qiu Guanghe's strategic leadership guided Semir Garment's transformation into a major national retail powerhouse. Under his guidance as Chairman, the company expanded aggressively, focusing on franchising and brand diversification (with Balabala becoming the leading children's apparel brand). His structural contribution is immense: pioneering the modern, large-scale apparel retail model in China.

The company successfully executed its IPO on the Shenzhen Stock Exchange (SZSE). His wealth is secured by the colossal, long-term, stable profitability of the global retail and consumer goods sectors.

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Qiu Guanghe & family's Timeline


1996:

Founds Semir Garment Co., Ltd. (Founding).

2011 (March):

Semir Garment executes its successful IPO on the SZSE (Financial Milestone).

2010s:

Balabala (children's wear) achieves market dominance (Brand Apex).

Ongoing:

Continues as Founder and Executive Chairman, guiding the massive retail empire (Executive Oversight).

Major Business Ventures and Investments


Qiu Guanghe's wealth is concentrated in his founding equity and continued executive leadership role in the publicly traded retail giant, Semir Garment Co., Ltd. (SZSE: 002563), and his private investments.

  • Semir Garment Co., Ltd. (Founder & Chairman): The core publicly traded asset, a major manufacturer and retailer of casual wear and children's apparel (brands include Semir and Balabala).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for youth-focused and children's fashion.
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and brand IP (leveraging the massive Chinese consumer growth story).
  • Family Governance: He maintains controlling influence over the publicly traded company.

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Philanthropy and Social Impact


Qiu Guanghe's social impact is structural, stemming from Semir Garment's role as a massive employer and foundational provider of affordable apparel and consumer goods for millions of Chinese consumers. His companies contribute significantly to national retail and service sectors. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful industrialization and professionalization of the Chinese apparel retail sector.

Fashion, Style, and Lifestyle


Qiu Guanghe maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the global retail sector.

Residing in Wenzhou, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, brand management, and strategic investment.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Chairman of Semir Garment (apparel and fast-fashion retail).
  • His company controls Balabala, the leading children's apparel brand in China.
  • Semir is publicly traded on the Shenzhen Stock Exchange (SZSE).
  • His wealth is tied to the successful monetization of the fast-fashion retail model in China.
  • He founded the company in 1996.
  • His wealth is estimated at $2.6 billion (2024 estimate).
  • His philosophy emphasizes scale, brand diversification, and long-term asset hold.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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