W u Guangming is a self-made Chinese billionaire who is the founder and chairman of Avcon Information Technology, a company that specializes in video conferencing and other multimedia communication solutions. An engineer by training, he founded the company in the 1990s and has built it into a major domestic player in its field. Avcon's products are used by a wide range of clients in the government, education, and corporate sectors in China.
The company has benefited from the growing demand for remote communication and collaboration tools. Wu's wealth is derived from his large controlling stake in the publicly traded company, which is listed on the Shenzhen Stock Exchange. His career is an example of the success of entrepreneurs who have focused on building technology businesses that cater to the specific needs of the large Chinese domestic market.
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