Yuxi Tobacco In October 1979, Chu was appointed head of Yuxi Cigarette Factory (later known as Yuxi Tobacco Company and Hongta Group). Yuxi was a near-bankrupt state-owned factory that made the
Hongtashan (Red Pagoda Hill) brand of cigarettes, with an annual revenue of less than US$1 million. Chu recognized that as China's economy was starting to grow, more people could afford cigarettes, and he began to promote the Hongtashan brand all over the country. The brand became famous and demand grew quickly. Chu was able to sell the cigarettes for US$1.5 to $2 per pack, although the official price was fixed at $1. He employed the same management methods as at Yuxi Tobacco, such as the emphasis of quality over quantity and linking workers' income to the company's profits. As the company grew, his employees were able to earn several times the average local wage. On 17 January 2018, his 90th birthday, Chu appointed his son Chu Yibin () as chief executive officer of Chu's Fruit Company Limited, while he retained the title of chairman. == Death ==