In 2007, Peng Cheng, the eldest son, began to participate in the development of Hongtai company after he graduated from Renmin University of China
In 2011, Yue Cheng, the second son of Cheng Family, established Greensky Power Co., Ltd. after getting MBA degree from the United States.
In April 2017, Cheng Family established Zhejiang innerwell household products Co., Ltd, expanding the category of household products and strengthening its leading position in the kitchen utensils manufacturing industry.
In March 2017, Cheng Family established Hangzhou Eagle Vision Investment Management Co., Ltd. to hold shares in three companies and to attract talent partners in its subsidiaries. The family business has moved towards the road of open operation and group management.