Longshu Chu, a 57-year-old shoemaker from Changde, is gearing up for an IPO after years of hard work. He founded Longxing Worldwide, a manufacturing powerhouse that counts Li-Ning, Adidas, and Decathlon among its major clients. By 2025, Longxing produced 51.75 million pairs of sports shoes, generating $5.83 billion in revenue and ranking among the top in the global footwear industry. Despite humble beginnings, Longshu Chu now leads a conglomerate with 26 factories and 28,000 employees specializing in OEM business. The IPO aims to raise $1.4 billion to expand production and shift operations to lower-cost Southeast Asia. According to industry analyst…
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