S hao Qinxiang is a Chinese industrialist and the founder and chairman of Zhejiang Wanma Group. He is a classic example of a first-generation entrepreneur who capitalized on China's economic reforms. He started his business in the 1980s from a very small workshop. His primary venture, Zhejiang Wanma, has grown to become a leading manufacturer of power cables and wires in China.

Under Shao's leadership, the group has diversified its business interests significantly. While power cables remain the core business, Wanma has expanded into pharmaceuticals, real estate, and new energy, including the production of charging infrastructure for electric vehicles. He has listed several of his group's subsidiaries on the Chinese stock exchanges, including Zhejiang Wanma and Wanma Macromolecule. Shao's success is a testament to his ability to build a robust manufacturing base and then strategically diversify into related and high-growth industries, adapting to the changing needs of the Chinese economy.