X iao Yongming is a Chinese businessman and the controlling shareholder of Zangge Mining, a major producer of potassium chloride and lithium carbonate. He started his career running a plastics factory in Sichuan before venturing into the restaurant business and eventually mining. His most significant move was acquiring potash mining rights in Qinghai province, which became the foundation of Zangge Mining.

The company successfully listed on the Shenzhen Stock Exchange through a backdoor listing. In recent years, Zangge has expanded into lithium extraction from salt lakes, capitalizing on the booming demand for electric vehicle batteries. Xiao has faced legal and regulatory challenges, including fines for disclosure violations, and has stepped back from direct management, handing over roles to his sons, but he remains the key beneficiary of the company's wealth.