Chinese landscape firm Hui Lyu's AI pivot boosts shares 1,600%, making chairman Li Xiaoming a billionaire.

Hui Lyu Ecological Technology Groups, originally a landscape design firm, saw its shares surge nearly 1,600% after investing in AI-related optical transceiver maker Tri-light Wuhan Electronics Technology in 2024. Chairman Li Xiaoming's stake in Hui Lyu is now worth $2.8 billion. Hui Lyu acquired a majority stake in Tri-light, which supplies components for AI data centers, and plans to fully acquire the company by 2025. The global market for optical transceivers is expected to nearly double by 2031, supporting further growth. Hui Lyu's revenues have rebounded due to Tri-light's sales, despite declines in its traditional landscape business.