Xu Hang (born 1967) is a Chinese billionaire

business magnate A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...

and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

. He is the co-founder and co-CEO of the

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

-based multinational medical instrumentation manufacturer Mindray Medical International. Xu Hang holds a BA degree from

Tsinghua University Tsinghua University (; abbreviation, abbr. THU) is a National university, national Public university, public research university in Beijing, China. The university is funded by the Ministry of Education of the People's Republic of China, Minis ...

. Later he did his MA in biomedical engineering at the Department of Electrical Engineering of Tsinghua. After graduation, Xu Hang became famous for inventing China's first domestic color B-ultrasound machine, for which he even won the National Progress Award. In 1991, he became one of the founders of Mindray, together with with

Li Xiting Li Xiting (; born 1951) is a Chinese-born Singaporean billionaire business magnate and philanthropist. He is the co-founder, president and co-CEO of Mindray, China's largest medical equipment manufacturer. Early life and education Li was born ...

and Cheng Minghe (), which soon became the nation's largest high-tech medical equipment manufacturer. In 2001, Xu Hang also established Pengrui Investment Group Co., Ltd which focuses on high-tech environmental protection, real estate and ecotourism project development. In 2012, he resigned from the co-CEO position of Minday but continued serving as the chairman of the company. Xu Hang made the 2022 ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

'' Billionaires List with an estimated wealth of US$16.1 billion and occupied the 113th position in the world.

References

1967 births Living people Chinese businesspeople Chinese billionaires 20th-century Chinese businesspeople 21st-century Chinese businesspeople {{PRChina-business-bio-stub