W ang Laisheng is a Chinese billionaire who is the co-founder and vice chairman of Luxshare Precision Industry, a global electronics manufacturing giant. He co-founded the company in 2004 with his younger sister, Wang Laichun, who serves as the company's chairman and is the primary public face of the business. Their story is a remarkable one of entrepreneurial success, having built a major competitor to their sister's former employer, the electronics giant Foxconn.
Luxshare started as a small manufacturer of electronic connectors and has grown into a massive and highly sophisticated technology company through a combination of organic growth and strategic acquisitions. The company has become a key supplier and assembly partner for the American tech giant, Apple, manufacturing a huge volume of products like the AirPods and the Apple Watch, and is increasingly involved in the assembly of the iPhone. Wang Laisheng's substantial stake in the publicly traded company he co-founded is the source of his multi-billion dollar fortune.
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