Founded in 1921, headquartered in Qingdao West Coast New District, Doublestar (stock code 000599) is the only state-owned listed tire company in Shandong Province. Before 2008, Doublestar’s main business was shoes and clothing. In 2008, after the comprehensive restructuring, the shoes and clothing was separated from Doublestar Group, Doublestar had turned the business to the tire industry. On January 16, 2014, through the the intelligent transformation, Doublestar started a new journey of “Fulfilling Second Undertaking & Creating Doublestar A World Famous Brand”. In 2016, Doublestar became the first one who founded all process “Industry 4.0” intelligent factory in global tire industry. It took five years to close down all the old factories and backward production facilities. Meanwhile, Doublestar develops two new industries of the intelligent equipment and robot, and green ecological new material, and builds an industrial Internet ecosystem of "R&D 4.0" + "Industry 4.0" + "Service 4.0". Doublestar has been rated as the model enterprise of the whole industrial chain of “Brand Cultivation”, “Technology Innovation”, “Quality Benchmark”, “Intelligent Manufacturing”, “Green Manufacturing”, “Green Products” and “Green Supply Chain”, by Chinese Ministry of Industry and Information Technology in five consecutive years, known as the "leader of Chinese tire intelligent manufacturing". In 2018, Doublestar became a controlling shareholder of Korea Kumho Tire which has once ranked among the world's Top 10 tire enterprise. For many continuous years, Doublestar has been listed top of Chinese tire companies in the “Asia’s 500 Most Influential Brands”.

        On January 16, 2020, Doublestar started a new journey of "The Third Undertaking, Building A World-class Enterprise". On July 16, 2020, Doublestar became the first state-owned enterprise in Qingdao to implement the group mixing ownership reform, transforming from a wholly state-owned enterprise owned by Qingdao City to a mixed ownership enterprise controlled by the state. Recently, focusing on three major business (tire manufacturing, intelligent equipment, and green ecological new material) and mode innovation, Doublestar implements the “New Four Strategies” of ecologicalization, high-tech, localization and digitization. Doublestar is going to build a world-class enterprises of digitization, high-tech and sustainable development!