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Doublestar was founded in 1921 and is headquartered in Qingdao West Coast New District. Qingdao Doublestar (000599) is a state-owned main board listed company. Before 2008, Double Star's main businesses were shoes and clothing.

After the comprehensive restructuring of the footwear and apparel industry in 2008, it was separated from the group, and Doublestar fully switched to the tire industry. On January 16, 2014, Doublestar started a new journey of "second entrepreneurship and creating a world-famous tire brand" with smart transformation as the guide.

In 2016, a full-process "Industry 4.0" smart factory for the global tire industry was built, and it took nearly five years to close all old factories and eliminate all backward production capacity.