Li Binlan

Age: 56

2011 net worth (US$): 1 billion

2010 net worth (US$): NA

General ranking: 135

Company: A Best

Headquarters: Guangdong

Title: Chairwoman

Main focus: Retail

A newcomer on this year’s list, Li Binlan’s reputation as a strong-willed and visionary leader has earned her the nickname “Iron Lady of Retail.” Her reign at A Best has seen the company expand rapidly since its first supermarket opened in Bao’an, Shenzhen, in 1995 to more than 100 stores across the country today. Last year, the company reported a US$2.6 billion operations revenue, ranking 22nd in China’s retail industry.

(10) Liu Xiaomeng

Age: 56

2011 net worth (US$): 1 billion

2010 net worth (US$): 980 million

General ranking: 135

Company: Suning Appliance Group Co., Ltd.

Headquarters: Jiangsu

Title: Director of Fund Settlement Center

Main focus: Retail – appliances

Very little is known about Liu Xiaomeng, 56, who has kept a very low public profile. She helped to start Suning, one of the largest electrical appliance retailers in China, in 1990. Since then, the company has grown to include nearly 1,400 franchised stores in China and Japan, going public on the Shenzhen Stock Exchange in 2004. In 2010, Suning made US$24.4 billion in revenue and has a brand value worth US$7.94 billion. Liu, as one of the company’s “old heads,” now has a 42 percent stake.

Sourced & published by Henry Sapiecha