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In the world today
Xu Hang

Xu Hang

X. Hang
-0.14% | - $-10.02M
$7.28 B ₹ 66,175 Cr
Real Time Net Worth #534 Ranking as of 21 Feb 2026 By Forbes

More on Xu Hang

Gender

Male

Age

59Y

Country

China

Born On

January, 1967

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Tsinghua University - Master'S In Biomedical Engineering

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Medical Devices)

Primary Organization

Mindray

Titles

Co-Founder

Sources of Wealth

Mindray

Industry

Medical Devices, Healthcare, Manufacturing, Robotics, Investments

About Xu Hang


X u Hang is a self-made Chinese billionaire and a pioneering figure in the country's medical device industry. He is the co-founder of Shenzhen Mindray Bio-Medical Electronics, which has grown to become China's largest and most successful manufacturer of medical equipment. After earning a master's degree in biomedical engineering, he co-founded Mindray in 1991 with his partners, Li Xiting and Cheng Minghe. They started the company with the goal of producing high-quality but affordable medical devices to compete with expensive foreign imports.

As one of the key leaders, Xu served as the company's co-CEO and later as its chairman. He was instrumental in building the company's strong research and development capabilities. Mindray has become a global powerhouse, producing a vast range of hospital equipment, including patient monitoring systems, anesthesia machines, and ventilators. He retired as chairman in 2012 but remains a major shareholder and a director. He has also become a major investor in other technology and healthcare ventures, including the robotics company UBTech.

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Quick Reads


  • Co-founder of Mindray, China's largest medical device manufacturer.
  • He co-founded the company in 1991 with two partners.
  • Served as the company's longtime chairman.
  • He is a biomedical engineer by training.
  • Also a major investor in the robotics firm UBTech.

Early Life and Background


Xu Hang is a Chinese businessman, the self-made billionaire Co-founder and Executive of Mindray Bio-Medical Electronics Co., Ltd. (SZSE: 300760), a global leader in medical device manufacturing (specializing in patient monitoring, life support, and in-vitro diagnostics). His career is rooted in biomedical engineering, technology, and entrepreneurial audacity.

Xu holds a B.S. in Electrical Engineering from Tsinghua University and an M.S. in Biomedical Engineering from Tsinghua University. His philosophical approach centers on scale, technological excellence, and long-term commitment to affordable, high-quality medical devices (pioneering the modern domestic medical device model). He co-founded Mindray in 1991 with Cheng Minghe and Li Xiting.

  • Mindray Bio-Medical Electronics (Co-founder & Executive): The core publicly traded asset, a major global manufacturer of medical devices (dominating the domestic and rapidly expanding internationally).
  • Medical Pioneer: His success is built on scale manufacturing and dominating the domestic and international market for essential medical equipment.
  • Academic Background: He holds an M.S. in Biomedical Engineering from Tsinghua University.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and R&D and leveraging the massive Chinese healthcare modernization boom.

Career Journey of Xu Hang


Xu Hang's strategic genius was his commitment to high-value medical technology. He co-founded Mindray in 1991, successfully building it into a global force by pioneering cost-effective, high-quality medical devices that competed with global majors. His structural contribution is immense: pioneering the modern, scale medical device manufacturing model that transformed the Chinese healthcare supply chain. The company successfully executed its IPO on the NYSE and later re-listed on the SZSE.

He remains a key executive and major shareholder, guiding the company's continuous expansion and technological modernization. His wealth is secured by the colossal, long-term, stable profitability of the global medical device and technology sector.

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Xu Hang's Timeline


1991:

Co-founds Mindray Bio-Medical Electronics (Founding).

2006 (September):

Mindray executes its successful IPO on the NYSE (Financial Milestone 1).

2016:

Mindray is privatized/delisted from the NYSE.

2018 (October):

Mindray re-lists successfully on the SZSE (Financial Milestone 2).

Ongoing:

Continues as Co-founder and Executive, guiding the global technology giant (Executive Oversight).

Major Business Ventures and Investments


Xu Hang's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded technology giant, Mindray Bio-Medical Electronics Co., Ltd. (SZSE: 300760), and his private investments.

  • Mindray Bio-Medical Electronics (Co-founder & Executive): The core publicly traded asset, a major global manufacturer of medical devices.
  • Medical Pioneer: His success is built on scale manufacturing and dominating the domestic and international market for essential medical equipment.
  • Academic Background: He holds an M.S. in Biomedical Engineering from Tsinghua University.
  • Investment Strategy: His philosophy is rooted in long-term investment in industrial assets and R&D and leveraging the massive Chinese healthcare modernization boom.

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Philanthropy and Social Impact


Xu Hang's social impact stems from Mindray's role in providing essential, high-quality medical devices (monitors, life support) that improve healthcare access and patient care in China and developing nations globally. The company's technology contributions are critical to global public health infrastructure. His personal philanthropy supports various medical research and educational initiatives.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Xu Hang maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and intellectual depth, typical of a pioneer in the global tech sector.

Residing in Shenzhen, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, strategic management, and industrial scale.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder and Executive of Mindray Bio-Medical Electronics (medical devices).
  • Mindray is a global leader in patient monitoring and life support systems.
  • He holds an M.S. in Biomedical Engineering from Tsinghua University.
  • The company successfully executed an IPO on the NYSE before re-listing on the SZSE.
  • His fortune is tied to the successful monetization and scale of the global medical device sector.
  • His philosophy emphasizes cost-effective innovation and technological excellence.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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