Biel Crystal's Simon Yueng Honored with KPMG's Future Entrepreneur Award for Family Business Excellence

Simon Yueng's Recognition at KPMG Future Entrepreneur Award 2025

Recently, Simon Yueng, the Executive Director and Vice President of Biel Crystal, received the prestigious KPMG Future Entrepreneur Award 2025. The award ceremony took place in Shenzhen on October 24 and highlighted Simon's remarkable contributions to the family business sector.

Innovation and Leadership: The Hallmarks of Simon Yueng

The KPMG award is not just a recognition but a testament to Simon's strong leadership and his innovative approach to business. He stated, "Inheritance is not about copying; it’s about evolution." This mindset drives Simon to honor his father's legacy while also pushing the boundaries of innovation. Under his guidance, Biel Crystal is moving beyond traditional practices, seeking to redefine the manufacturing landscape through a focus on technology, branding, and global outreach.

Biel Crystal: A Leader in the Smart Device Industry

Biel Crystal is well-known for providing advanced exterior structures and module solutions for a wide range of smart devices. Their products can be found in various sectors, including AR/VR glasses, smart wearables, and the automotive industry. The company has cultivated long-term partnerships with major clients such as Apple, Samsung, and Google.

With over 30 years of technological advancements, Biel Crystal has expanded its reach with nine cutting-edge production bases around the globe, accumulating an investment of over HK$42 billion. The company boasts a workforce of more than 100,000 employees and has a staggering annual production capacity of 2.2 billion units.

Embracing Change in Traditional Manufacturing

The world of manufacturing is rapidly changing. Simon Yueng is not deterred by the conventional pathway that many in the industry tend to follow. Instead, he advocates for breaking away from the 'OEM path dependence' by adopting digital thinking in production and operational strategies.

Through his vision, the company is reshaping its value chain and positioning itself for future successes in a highly competitive market. This direction aligns well with current global trends, favoring companies that emphasize innovation and sustainability.

Biel Crystal's success story is not simply a byproduct of its scale; it is also due to the leadership qualities exhibited by individuals like Simon Yueng. His strategic foresight and adaptability in an evolving market set the company apart from its competitors.

Conclusion

Receiving the KPMG Future Entrepreneur Award is an acknowledgment of Simon Yueng’s commitment to evolving his family business in a modern context. As he continues to lead Biel Crystal through uncharted territories in the tech industry, we can expect the company to maintain its reputation for excellence and innovation.

For those interested in the future of smart devices and beyond, Biel Crystal under Simon Yueng's leadership is definitely a name to watch. Their journey is not just about business but about inspiring a new generation of entrepreneurs to follow suit in the family business landscape.