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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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.
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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Co-founds Mindray Bio-Medical Electronics (Founding).
Mindray executes its successful IPO on the NYSE (Financial Milestone 1).
Mindray is privatized/delisted from the NYSE.
Mindray re-lists successfully on the SZSE (Financial Milestone 2).
Continues as Co-founder and Executive, guiding the global technology giant (Executive Oversight).
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.
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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.
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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+0.39% | +$7.48M
+0.21% | +$3.00M
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