Wang Laichun

For other people named or called Grace Wang, see Grace Wang.
Grace Wang
王来春
Born1967 (age 57–58)
Guangdong, China
EducationTsinghua University (EMBA)
OccupationBusinesswoman
Known forCo-founding Luxshare
TitleChairwoman and CEO of Luxshare

Wang Laichun (Chinese: 王来春; pinyin: Wáng Láichūn; born 1967), also known in English as Grace Wang, is a Chinese businesswoman and billionaire who co-founded the electronics manufacturer Luxshare and now serves as its chairwoman and chief executive officer.[1] Founded in 2004 in Dongguan, China, the company designs and manufacturers computer cables; it is also a key assembler of AirPods for Apple.[2] The company was listed publicly on the SME board of the Shenzhen Stock Exchange in 2010.[3]

Wang was born in 1967 in southern Guangdong province, China;[1] she is a native of the city of Shantou.[4] From 1984 to 1986, Wang was an employee of Sanyo.[5] In 1988, the year Wang graduated from junior high school,[4] Foxconn established a factory in Shenzhen. Then 21 years old,[6] Wang began working as an assembly operator in the factory.[7]

In 1997, Wang left Foxconn to work with brother Wang Laisheng in starting their own company.[8] Luxshare was founded in 2004,[4] and Laisheng became vice chairman of the company.[9] From 2007 to 2021, Foxconn was a client of Luxshare, and provided the company half of its operating revenue.[10]

Though she worked in factories instead of attending college during her teenage years,[1] Wang holds an executive MBA from Tsinghua University.[8][11]

In 2014, The Daily Telegraph included Wang in a list of the world's richest five self-made women.[9] China Daily named Wang the second-richest Chinese woman in 2021, surpassed only by Yang Huiyan.[12] In 2024, Forbes listed Wang number 51 in its annual list of the world's most powerful women.[13] The 2024 Fortune list of powerful people in business placed Wang at rank 56 worldwide,[14] 10th among women,[15] and 1st on its list of powerful women in Asia.[16][17]

Wang spoke at Duke Kunshan University in 2025 as part of their Distinguished Speaker Series.[5]

References

  1. ^ a b c Jie, Yang (October 23, 2023). "Tim Cook Can't Make iPhones Without This Chinese Company and Its CEO". The Wall Street Journal. Retrieved July 28, 2025.
  2. ^ Felicitas, Shintya (April 5, 2019). "Despite trade war: Apple has more Chinese suppliers than ever". AsiaFundManagers.com. Retrieved January 28, 2020.
  3. ^ "About Us_Luxshare-ICT". Archived from the original on September 16, 2021. Retrieved September 16, 2021.
  4. ^ a b c Jiang, Ben (January 5, 2023). "Foxconn's biggest Chinese rival was founded by a former factory worker". South China Morning Post. Retrieved July 29, 2025.
  5. ^ a b "Distinguished Speaker Series: Fireside Chat with Luxshare Group Founder, Chairman, and CEO Grace Wang". Duke Kunshan University. January 15, 2025. Retrieved July 29, 2025.
  6. ^ Liu, Qianer (July 30, 2023). "Luxshare's wins with Apple make it Foxconn's biggest challenger". Financial Times. Retrieved July 29, 2025.
  7. ^ "Top of their game: 9 of the most influential women in Asian tech". Nikkei Asia. August 8, 2018. Retrieved July 29, 2025.
  8. ^ a b "Wang Laichun". Forbes (Profile). Retrieved July 29, 2025.
  9. ^ a b Sanghani, Radhika (March 4, 2014). "World's 5 richest self-made women - how did they do it?". The Daily Telegraph. Retrieved November 12, 2014.
  10. ^ Owen, Malcolm (October 23, 2023). "How Luxshare went from minor manufacturer to major iPhone supplier". AppleInsider. Retrieved July 29, 2025.
  11. ^ Lister, Abigail (September 25, 2024). "10 Entrepreneurs Who Have Taken The GMAT Exam And Pursued An MBA". mba.com. Retrieved July 29, 2025.
  12. ^ "Top 10 richest Chinese women in 2021". China Daily. August 25, 2021. Retrieved July 28, 2025.
  13. ^ Forbes, Moira; McGrath, Maggie; Spencer Sairam, Erin; Burho, Erika (December 11, 2024). "The World's Most Powerful Women 2024". Forbes. Retrieved July 28, 2025.
  14. ^ "100 Most Powerful People in Business: Grace Wang". Fortune. Retrieved July 28, 2025.
  15. ^ "2024 Most Powerful Women: Grace Wang". Fortune. Retrieved July 28, 2025.
  16. ^ "2024 Most Powerful Women Asia: Grace Wang". Fortune. Retrieved July 28, 2025.
  17. ^ Nghiem, Ashleigh (October 8, 2024). "Fortune Reveals Most Powerful Women Asia 2024". Fortune. Retrieved July 28, 2025 – via PR Newswire.

Further reading

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