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Kingwills

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Kingwills
Native name
青昀[1]
Company typePrivate
IndustryManufacturing
Founded2014; 11 years ago (2014)
FounderEric Chen[1]
HeadquartersNantong, Jiangsu
ProductsSpecial fiber material
Websitewww.kingwills.com
Qingyun New Materials
Chinese青昀新材
Hanyu PinyinQīngyún Xīncái

Kingwills, also referred to as Jiangsu Qingyun New Materials,[2] is a Chinese materials science company[1] founded in 2014. The company is seen as a competitor to DuPont.[1] It mainly produces the "Hypak" (Kunlun in Chinese) flash-spun metamaterial.[3] The company's founder is Chen Boyi (陈博屹),[4] better known as Eric Chen, who also serves as its chairman.[1]

With headquarters located in Nantong,[5] Kingwills has established operations in overseas markets, such as the United States, and India.[6] After its establishment, the company was funded by Hillhouse Ventures,[7] Oriental Yuhong,[8] and CITIC Environment Fund.[9] It set up a firm called Kingwills International in Hong Kong.[10]

History

[edit]

Kingwills was formed in 2014.[11] In 2019, the company launched the Hypak material.[12] In August 2022, its 3,000-ton flash-spun metamaterial production line went into operation.[13]

In 2022, Kingwills was financed by CICC Capital.[14] In the same year, its products became available in India.[15] In May 2023, it completed a Series B financing of more than 100 million yuan.[16]

Dispute with DuPont

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In October 2024, Kingwills was subject to a complaint filed by DuPont with the USITC.[17] The legal action seeks to prevent the importation of products that infringe DuPont IP related to its Tyvek brand and products.[18][19]

In the legal action, Kingwills was alleged to be in violation of Section 337.[20] On November 21, 2024, the company was investigated by the USITC.[21] By November 25, the USITC had not made any decision on the merits of the case.[22]

References

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  1. ^ a b c d e Thomas L. Friedman (December 18, 2024). "How Elon Musk and Taylor Swift Can Resolve U.S.-China Relations". The New York Times. Archived from the original on 2025-07-22.
  2. ^ "DuPont Files Complaint with the International Trade Commission" (Press release). Dupont. October 9, 2024.
  3. ^ Steven Li (June 14, 2022). "青昀新材完成超亿元 A 轮融资，高瓴创投领投" [Qingyun New Materials Completes RMB 100 Million Series A Financing, Led by Hillhouse Ventures]. TechNode (in Chinese). Archived from the original on July 22, 2025.
  4. ^ @RFAChinese (December 24, 2024). "可怕的原因在这里：我们不再生产那么多中国想买的东西。中国几乎能以更低的成本、通常更好的质量生产几乎所有东西。陈博屹是中国材料科学公司青昀的创始人，该公司的竞争对手包括杜邦。他向我解释说，像他这样的中国年轻企业家从中国互联网巨头学会了如何"快速创新和改进"" (Tweet). Archived from the original on December 24, 2024 – via Twitter.
  5. ^ Zhang Benfu (July 31, 2024). "南通经济技术开发区：深入实施"青苗培优"计划，为园区高质量发展积蓄人才力量" [Nantong Economic and Technological Development Zone: In-depth implementation of the “Young Seedlings Training and Excellence” plan to accumulate talent for high-quality development of the park]. Xinhua News Agency. Archived from the original on June 2, 2025.
  6. ^ Rahul Kumar (August 6, 2022). "PepsiCo initiates clean-up drive in Mathura". PrintWeek. Archived from the original on 2025-05-11.
  7. ^ ""青昀新材"再获超亿元B轮融资，中建材新材料基金、金浦投资联合领投" ["Qingyun New Materials" received another Series B financing of over 100 million yuan, jointly led by China National Building Materials New Materials Fund and Jinpu Investment]. Forbes. May 19, 2023. Archived from the original on May 8, 2025 – via news.qq.com.
  8. ^ "青昀新材获超亿元B轮融资" [Qingyun New Materials received over 100 million yuan in Series B financing]. Caijing. May 18, 2023. ISSN 1671-4725. Archived from the original on 2025-05-11.
  9. ^ Han Lu (October 9, 2024). "青昀加速度" [Qingyun acceleration]. 21st Century Business Herald. Archived from the original on Jun 2, 2025.
  10. ^ "Federal Register - November 21, 2024" (PDF). Govinfo.gov. November 21, 2024. Archived (PDF) from the original on February 4, 2025.
  11. ^ "中国新興、高機能繊維の生産能力を増強" [China Emerging Boosts Production Capacity for High-Performance Fibers]. The Nikkei. June 29, 2023. Archived from the original on 2025-05-08.
  12. ^ "2024年《财富》中国40位40岁以下的商界精英" [Fortune China's 40 business elites under the age of 40 in 2024]. Fortune Magazine. August 13, 2024. Archived from the original on May 10, 2025 – via news.qq.com.
  13. ^ Si Zhanwei (August 21, 2024). "南通产"撕不烂的纸"亮相上海书展" [Nantong products "paper that cannot be torn" were unveiled at the Shanghai Book Fair]. Xinhua News Agency. Archived from the original on June 2, 2025.
  14. ^ Steven Li (May 18, 2023). "闪蒸纺超新材料企业青昀新材完成超亿元 B 轮融资" [Qingyun New Materials, a flash spinning ultra-new material company, completed a Series B financing of over 100 million yuan]. TechNode. Archived from the original on July 22, 2025.
  15. ^ Vijay, Aultrin (August 6, 2022). "Hypak, a new contender in flash-spun metamaterial market". PrintWeek. Archived from the original on May 8, 2025.
  16. ^ Yu Lili (April 18, 2024). "南通，打响产业突围战" [Nantong, launching an industrial breakthrough]. The Paper. Archived from the original on 2025-05-10.
  17. ^ "DuPont files complaint with U.S. International Trade Commission". Yahoo Finance. October 10, 2024. Archived from the original on May 8, 2025.
  18. ^ Alexander H. Tullo (October 13, 2024). "DuPont looks to block infringing imports". Chemical & Engineering News. ISSN 0009-2347. Archived from the original on 2025-05-08.
  19. ^ Denny Jacob (October 9, 2024). "DuPont Asks U.S. International Trade Commission to Block Products Infringing on Intellectual Property". MarketScreener. Dow Jones Newswires. Archived from the original on May 11, 2025.
  20. ^ "Certain Flash-Spun Nonwoven Materials and Products Containing Same". Federal Register. November 21, 2024. Archived from the original on May 10, 2025.
  21. ^ "No. 337-TA-1424" (PDF). United States International Trade Commission. February 9, 2025. Archived (PDF) from the original on May 8, 2025.
  22. ^ "Intellectual Property Infringement". United States International Trade Commission. January 6, 2025. Archived from the original on 2025-05-12.
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