Huoxing Group

Huoxing Group (Chinese: 火星; pinyin: Huǒxīng; lit. "Mars") is a Tsengian conglomerate and dashang. Owned by the Yun and LaClaire families, it is the seventh-largest dashang in Tseng. It was founded in 1958 by Yun Zhewei, a banker and businessman who owned a successful department store in Huanzhou, and Jean-Denis LaClaire, a Franco-Tsengian who ran a successful agricultural equipment business. It is listed on the Tseng City Stock Exchange and the Hong Kong Stock Exchange.

Huoxing is one of the few major dashangs whose headquarters are not located in Tseng City.

History
Huoxing Group was founded on May 19, 1958 by Yun Zhewei and Jean-Denis LaClaire. Yun wanted to expand the business he was making as a banker and the owner of the Zhewei Grand Department Store and LaClaire wanted to expand his agricultural equipment business. Their company's name came from the Mandarin name for the planet Mars, as Yun had an interest in astronomy.

In 1966, despite the difficulties of the Dazhuo Era, the company's fortunes were growing. By 1970 Huoxing had three subsidaries: LaClaire Agricultural Group, Zhewei, and Huoxing Retail & Commerce Group. The dashang grew fivefold due to the Wanxia Miracle in the 1970s.