How China forged self-made female billionaires

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How China forged self-made female billionaires
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For every ten men starting a business in China, eight women launch theirs

is the most visible face of female enterprise in China. The 64-year-old boss of Gree, the world’s biggest maker of air-conditioners, is everywhere: in television ads, on billboards and, last year, in two places at once—jaywalking in the city of Ningbo while at Gree’s headquarters in Zhuhai .

Why have they done so well? If socialist egalitarianism—which encouraged, even required, women to work—were the whole story, you would expect many of them in the upper echelons of the Communist Party. In fact, just one sits on the 25-member Politburo. None has ever joined the inner sanctum of the Standing Committee.A likelier explanation is China’s manufacturing boom, which afforded women unprecedented opportunities.

All that ought to guarantee a steady supply of talent to follow in Ms Dong’s footsteps. But it may be stymied by a general slowdown in the pace of female progress, plus specific hurdles women face in the most promising avenue for today’s aspiring entrepreneurs: China’s internet sector. Chinese tech, meanwhile, has displayed a misogynistic streak. New female hires can be asked to pick a “husband”, “lover” and “brother” among male colleagues. China’s globalising giants cast themselves as progressive. Yet of 29 board members at the four biggest—Alibaba, Baidu, Tencent and, reported that Alibaba produced a video of female employees who “love tech guys”, including one pole-dancing in hotpants.

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