Home / Front Page/ Young Chinese billionaire visits Sri Lanka to explore large-scale investments

Young Chinese billionaire visits Sri Lanka to explore large-scale investments

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 10 January 2018 00:00


Cai Xiaoru, one of the youngest billionaires of China, arrived in Sri Lanka yesterday, demonstrating renewed investor confidence in the nation. 

Widely-acclaimed for his extremely successful judgement on market certainty and large-scale acquisitions to trigger rapid business growth, Xiaoru’s visit is set to result in some large-scale private sector investments in Sri Lanka, especially in the high-tech/innovationsector.

Xiaoru is one of the youngest Chinese billionaires.He is 38 years old and is ranked by Forbes as the seventh youngest billionaire of China.                                                                                                    

He is the owner and Chairman of Shenzhenlisted public company Tatwah Smartech Co.Ltd. (www.twh.com.cn). Tatwah is the world’s largest manufacturer of RFID tags and owns a mega manufacturing facility employing thousands of people in Zhongshan, China.

Xiaoru is now actively investing overseas and has embarked on his maiden visit to Sri Lanka from 9to 13January.

Xiaoru’s visit is very significant for China’s private sector as he is the first Chinese billionaire visiting Sri Lanka in recent times to explore investments.

Tatwah has a high market position in the domestic Internet of Things industry and is a leading enterprise in the domestic RFID field and a large-scale supplier in this field. Through its accumulated advantages in the field of RFID devices, the company has formed an Internet of Things business system that focuses on hardware manufacturing, system integration, middleware, overall solutions and IoT operations. 

The company acquired the underlying company JinruiXianxian in November 2015. Its main business is the production of digital TV, internet TV motherboards and internet set-top boxes. Through this acquisition, the company quickly ventured into the OTT business area and further realised the layout in the field of smart life. 

In order to respond positively to the strategy of ‘Going Global’ and ‘Belt and Road,’ the company actively laid out its overseas markets and started implementing a strategic transformation to international satellite telecommunications operators.

In April 2017, the company indirectly acquired Cyprus Star Rail through a subsidiary in Hong Kong, making it the first company in China possessing Kahigh-flux satellite orbit and frequency of the right to use the resources of private enterprises. The company promptly deployed satellite communications operations in various countries along the ‘Silk Road along the Sea’ and rapidlypopularised the innovative business model in China through existing local customer resources and satellite channels globally.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Will power cuts solve electricity crisis?

Tuesday, 23 April 2019

The country faced electricity power cuts, reminding citizens of early 1990s, which resulted in private power producers supplying electrical power with long-term power supply agreements. Today, most have completed their agreement period, but some were

Easter attack: Going beyond condemnation

Tuesday, 23 April 2019

Yesterday was Easter Sunday; 227 persons [at the time of writing] have been killed, and many times more injured. The primary targets were churches and international hotels. It seems clear that the extremist group ISIS (Islamic State of Iraq and Syria

Easter Sunday nightmare

Tuesday, 23 April 2019

This is the most important day of the year for Christians – the Peaceful Easter Sunday or Easter Day was shattered by deadly explosions in several Christian churches throughout the country; and we excoriate such hatred in our beloved country. We th

Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre

Columnists More