It was in 2010 that Xiong injected his real estate business into the listed firm Gansu Languang Science and Technology, and one year later he changed the company’s name to Yinyi Real Estate Group. This Ningbo native who graduated from Zhejiang University founded Yinyi back in 1994 after he successfully turned around a state-owned canned food factory. In addition to the above, Xiong Xuqiang has also made mining investments in Mexico, Indonesia and the Philippines.