W ang Linpeng is a Chinese real estate billionaire and the founder and chairman of Easyhome, one of China's largest and most well-known retailers of furniture and home improvement materials. He founded the company in 1999 and has built it into a dominant player in its sector. Easyhome operates a massive network of large-format stores across China, which function as marketplaces that lease out space to a vast number of smaller furniture and home goods vendors.
This business model, which is similar to a shopping mall for home furnishings, has allowed the company to scale up rapidly. In addition to its core retail business, the company also has interests in interior design and construction. In 2018, the e-commerce giant Alibaba took a significant stake in the company, a partnership that has helped to integrate Easyhome's physical stores with digital retail. Wang's wealth is derived from his large stake in the publicly traded company he founded.
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