Xu Hang
Xu Hang | |
|---|---|
| Born | 1967 |
| Nationality | Chinese |
| Alma mater | Tsinghua University (Bachelor's and Master's degrees in biomedical engineering) |
| Occupation(s) | Entrepreneur, Businessman |
| Known for | Co-founder of Mindray Medical International |
| Notable work | Development of China's first domestically produced color B-ultrasound system |
Xu Hang (born 1967) is a Chinese billionaire entrepreneur and one of the founders of Mindray Medical International, a multinational medical device company headquartered in Shenzhen.
He earned both a Bachelor's and a Master's degree in biomedical engineering from Tsinghua University. Xu became notable for developing China’s inaugural domestically produced color B-ultrasound system, which garnered the National Progress Award. In 1991, together with Li Xiting and Cheng Minghe (), he established Mindray, which rapidly grew into the nation’s leading manufacturer of advanced medical technology. Later, in 2001, Xu launched Pengrui Investment Group Co., Ltd, a company specializing in high-tech environmental solutions, real estate ventures, and ecotourism projects. Although he stepped down as co-CEO of Mindray in 2012, he continues to serve as the company’s chairman.
According to Forbes 2022 The World's Billionaires ranking, Xu was positioned at number 113, with an estimated fortune valued at US$16.1 billion.
In both 2023 and 2024, Xu has been associated with significant luxury real estate purchases located in Beverly Hills, Hong Kong, Newport Beach, and New York City.
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