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New Pearl Group
Ye Delin founded New Pearl Group in 1993 in Foshan, Guangdong, scaling it into one of China's largest ceramics and sanitary ware manufacturers.
New Pearl Group
Ye Delin founded New Pearl Group in 1993 in Foshan, Guangdong, scaling it into one of China's largest ceramics and sanitary ware manufacturers. His wife, Li Yao, co-owns the family wealth, and his son Yongkai Ye serves as Vice President. The operating business produces ceramic tiles and related building materials across multiple massive production bases in Guangdong, Jiangxi, and Chongqing. The group has not publicly disclosed a dedicated investment vehicle, but its corporate and family capital deployment focuses on two tracks: heavy investment in its own industrial real estate footprint—including the Foshan Sanshui and Zhaoqing production bases—and strategic equity partnerships with major Chinese enterprises. A notable relationship is with Midea Group, a strategic investor in New Pearl and a partner in lighting technology. The firm also counts Evergrande Group as a major customer and real estate development partner, linking its fortunes directly to China's property sector. The Ye family's economic scale is grounded in physical production capacity across China. Ye Delin's influence extends into policy and industry governance through his seat on the Standing Committee of the Guangdong Provincial People's Congress and his executive committee role at the All-China Federation of Industry and Commerce. The family's key production asset is the Yongchuan Smart Green Production Base in Chongqing, signaling ongoing capital expenditure in modernized manufacturing infrastructure. New Pearl's structure is distinct as a corporate investor where the family's balance sheet and the operating company's are deeply interwoven. There is no separate family office entity on public record. The investment function is inseparable from the industrial strategy—capital is recycled into adjacent manufacturing capacity, real estate for production, and strategic corporate minority stakes. The family's philanthropic giving occurs through direct donations attributed to Ye Delin, without a visible formal foundation separating these activities from the core business.
General information
Firm type
Corporate Investor
Year founded
1993
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Foshan
Corporate office
Foshan, Guangdong, China
Principals
Ye Delin
Chairman and CEO
Yongkai Ye
Vice President
Sector focus
Frequently asked questions
Who controls the wealth generated by New Pearl Group?
Founder Ye Delin and his wife Li Yao are the co-owners of the family wealth, per public record. Their son Yongkai Ye holds a Vice President role at the operating company, and the family maintains direct ownership without an externalized family office structure.
How is the family's investment capital deployed?
The group's capital is deployed primarily through its own industrial real estate—massive production bases in Foshan, Zhaoqing, Gao'an, and Chongqing—and through strategic corporate partnerships. These include an investment relationship with Midea Group and a customer-partnership with Evergrande Group. Public records do not indicate a separate portfolio of financial assets or third-party fund commitments.
Is New Pearl Group a single family office?
No. New Pearl Group is a corporate investor where the family's wealth is embedded in the operating ceramics business and its industrial real estate. The firm does not market itself as a family office, and there is no evidence of a separate entity managing financial assets.
What is the relationship between New Pearl Group and Midea Group?
Midea Group is both a strategic investor in New Pearl Group and a business partner in lighting technology, per the firm's own disclosures. This represents a two-way relationship between major industrial families in Foshan's manufacturing ecosystem.
Does New Pearl Group or the Ye family operate a philanthropic foundation?
The Ye family makes philanthropic donations attributed directly to Ye Delin. There is no separate foundation entity on public record, meaning charitable giving appears to flow directly from the family rather than through a formalized structure with its own governance and endowment.
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