Zhaogang Group

Zhaogang Group is China's largest steel e-commerce platform, founded in 2012 by Wang Dong, a former university lecturer who spent nearly a decade in academia before turning entrepreneur . The company went public on the Hong Kong Stock Exchange's main board on March 10, 2025, marking the first steel e-commerce listing there in nearly three years . ZhenFund provided its angel investment after founder Xu Xiaoping met Wang for xiaolongbao and finalized the deal on the spot . Wang describes Zhaogang's model as essentially a human-resources company: roughly 80% of costs go to staff, with free pre-sale inquiry and quoting services used to capture order flow rather than chasing traffic in the B2C manner . The company handled roughly 50–60 million tonnes annually at the time of listing, with Wang openly curious about scaling toward 100 million or even 200 million tonnes, and sees overseas expansion alongside Chinese manufacturing as a major avenue for growth .