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Hangzhou GreatStar Industrial
Hangzhou GreatStar Industrial was founded in 1993 by Qiu Jianping in Hangzhou, Zhejiang. The company went public on the Shenzhen Stock Exchange and now...
Hangzhou GreatStar Industrial
Hangzhou GreatStar Industrial was founded in 1993 by Qiu Jianping in Hangzhou, Zhejiang. The company went public on the Shenzhen Stock Exchange and now operates as a vertically integrated manufacturer and distributor of hand tools, power tools, and laser measurement instruments. The Qiu family — Chairman Qiu Jianping, his wife Director Wang Lingling, and their daughter Vice Chair Qiu Lujie — retains ultimate controlling ownership through GreatStar Holding Group. GreatStar deploys capital through a dual strategy: acquiring legacy Western tool brands and industrial real estate while expanding its intelligent manufacturing capacity in China. The company owns Shop-Vac, the iconic US wet/dry vacuum brand, and maintains manufacturing and distribution facilities in Williamsport, Pennsylvania, and Huntersville, North Carolina. In China, its Haining Intelligent Equipment Base supports robotics and automated production lines for its hardware portfolio. The firm operates across North America, Europe, and Asia, competing directly with Stanley Black & Decker and Techtronic Industries. The executive team is led by President Xiaoheng Chi, who drives the firm's operational expansion and acquisition integration. While total corporate deployment figures are not publicly disclosed, the company manages a tangible asset base spanning factories on two continents, a global distribution network, and an art collection held through the Zhejiang Guanyin Art Museum. The GreatStar Charitable Giving Program handles the family's structured philanthropy. GreatStar's structural differentiator is its identity as a publicly traded corporate investor controlled by a single family, a common but under-analyzed structure in Chinese industrials. Unlike a pure family office, the firm deploys its balance sheet directly for Western brand acquisitions and factory automation — blurring the line between operating company and strategic investor in ways that institutional allocators tracking the hardware sector must understand.
General information
Firm type
Corporate Investor
Year founded
1993
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Hangzhou
Corporate office
No. 35, Jiuhuan Road, Shangcheng District, Hangzhou, Zhejiang, China
Additional offices
Williamsport, Pennsylvania, USA · Huntersville, North Carolina, USA · Haining, Zhejiang, China
Principals
Qiu Jianping
Chairman
Xiaoheng Chi
President and Vice Chairman
Wang Lingling
Director and Vice President
Qiu Lujie
Vice Chairperson of the Board
Sector focus
Frequently asked questions
Who controls Hangzhou GreatStar Industrial?
Founder Qiu Jianping is the ultimate controlling shareholder through GreatStar Holding Group. The family leadership extends to his wife, Wang Lingling, who serves as Director and Vice President, and their daughter, Qiu Lujie, who holds the position of Vice Chairperson of the Board. Day-to-day operational leadership is managed by President Xiaoheng Chi.
What is GreatStar's acquisition strategy?
GreatStar pursues a cross-border acquisition strategy focused on established, often underperforming, Western tool brands and their associated manufacturing and distribution infrastructure. The acquisition of Shop-Vac, including its US factory in Pennsylvania, exemplifies this approach: acquiring recognizable consumer and professional brands and integrating them into GreatStar's global manufacturing and supply chain network.
Does GreatStar operate only in China?
No, GreatStar maintains a significant operational footprint in the United States. The company owns manufacturing facilities in Williamsport, Pennsylvania, and maintains a US headquarters for certain operations in Huntersville, North Carolina. This North American presence supports the distribution and production of its acquired Western brands.
What is GreatStar's relationship to its manufacturing base?
Manufacturing is core to GreatStar's identity. The company operates an Intelligent Equipment Base in Haining, Zhejiang, dedicated to robotics and automated production. Rather than outsourcing all production, GreatStar invests in smart manufacturing technology to supply its own brands and private-label customers globally.
Is GreatStar involved in philanthropy?
Yes, the firm operates the GreatStar Charitable Giving Program. The Qiu family also supports cultural initiatives, evidenced by the Zhejiang Guanyin Art Museum collection. The precise separation between corporate and philanthropic assets is not detailed in English-language disclosures.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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