Asia Top Entrepreneur Awards- Indonesia：Mr Ted Sioeng
Owner, International Daily News, Indonesia and United States
Mr. Ted Sioeng is a famous Indonesian businessman with interests in the United States, China, Vietnam and other parts of Asia, worth around US$500 million.
While in his 20s, Sioeng became successful in selling foam rubber padding. In the 1970s, he was quick to recognize that money could be made in emerging China and he built a multimillion-dollar fortune selling the Chinese used factory equipment such as for cigarette and toy-manufacturing and in the medical field and exporting Chinese cigarettes to the West.
In China, he goes by the name Xiong Delong. He quickly saw that by donating money to good causes, such as to build schools, hospitals, and roads, he could gain favour with local governments. In Yunnan, this approach gained him a license to sell the popular Hongtashan brand of cigarettes called ‘Red Pagoda Mountain’ in the U.S. outside of China. He now runs the business as a (dollar-based) joint venture. He is owner of the Chinese-language International Daily News(《国际日报》), published in the United States and Indonesia.