Chinese Billionaire Guo Guangchang Buys Like Buffett

Guo looks for companies that target the country’s middle class
Guo Guangchang Photograph by Eric Piermon/AFP/Getty Images

Twice a week in the winter of 1987, students living in the No. 5 dormitory of Shanghai’s Fudan University would hear a familiar knock close to midnight. A slight, bespectacled philosophy major was making his rounds selling bread door-to-door. The student, Guo Guangchang , earned about 30 yuan ($4.80) a month to help support himself through college. “I had a government subsidy then, but living costs were high,” he says.

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