GRG chairman Mr Zhao Youyong named “Top 10 businessmen of the year 2010 of Guang

Mr Zhao Youyong, the chairman of Guangzhou Radio Group, is named “Top 10 businessmen of the year 2010 of Guangdong province”. The Awards ceremony was jointly held by Southern media cooperation, Yangcheng Evening News Group, Guangdong television at Guangzhou Opera House on Jan.7th 2011.

Mr Zhao Youyong is praised as a model for the economy upgrading. Under his leadership, GRGBanking succeeded in breaking the monopoly of foreign brands in the Chinese financial self-service market by technology innovation. The company’s market value has increased over 1000 times in the last 10 years from 1.5 million USD registered capital to today’s 2.1 billion USD total market value. To date, GRGBanking has become the largest indigenous ATM manufacturer in China and ranked 6th in the world ATM market.

In his acceptance speech, Mr Zhao Youyong recalled the tortuous journey that GRGbanking has undertook since entering ATM industry. He said: “GRGBanking’s achievement for today would not be possible if not adhere to the professional and high-end manufacturing.  There is no way out but providing high-end and innovative products when facing severe market competition.”

About the Awards

“Top 10 businessmen of the year Guangdong province” Awards is jointly organized by Southern media cooperation, Yangcheng Evening News Group and Guangdong television. Being successfully held for 7 consecutive years, the event has become an annual pageant in China.