The group has been coping with bankruptcy since 2020, when the Beijing No.1 Intermediate People's Court announced the recognized leader during the restructuring.
It currently has six public companies listed in stock exchanges of Shanghai, Shenzhen, and Hong Kong, and more than 80 independently funded enterprises and joint ventures.
Wang brought Founder into the television and radio industries, positioned the company to expand overseas, and supported the diversification of the group.
Founder's publishing system became the most popular product of its kind, capturing 80% of the Chinese newspaper market in Hong Kong, Southeast Asia, and North America.
[9] In 2020, the Beijing No.1 Intermediate People's Court ruled out the recognized leader for restructuring five children companies of the group.
[10] After three years, the China Banking and Insurance Regulatory Commission principally agreed on the bankruptcy of the group's Founder Financial.
PKU Founder IT Group (北大方正信产集团) is a leader in China's IT industry, possessing more than a dozen technological enterprises, two of which employ 15,000 employees.
Currently, its business scope mainly covers areas of bulk commodity futures & spot trading, warehousing & logistic services, and investment & production.
[16] Founder International Software Co., Ltd. under Peking University Founder Information Industry Group Co., Ltd., pursues a development model integrating production, teaching, research with application, adheres to the path of independent innovation, and sets the goal of becoming a leading service provider of software and information technology.