Xu Shihui
Xu Shihui | |
|---|---|
| Born | 1958 Hui'an, Fujian, China |
| Occupation(s) | Entrepreneur, politician |
| Years active | 1992–present |
| Known for | Founder and chairman of Dali Foods Group; deputy to the National People's Congress |
Xu Shihui (; born 1958) is a prominent Chinese entrepreneur and political figure, representing Fujian province at the 12th National People's Congress.
He established and currently leads Dali Foods Group, a leading enterprise in the food and beverage sector. As of November 2023, Xu and his family’s combined wealth was valued at $7.9 billion.
Biography
Originating from Hui'an in Fujian province, Xu began his career at Dali when it was a collectively owned cookie business located in Quanzhou. By assuming leadership roles and acquiring equity stakes, he gradually expanded the company into what is now known as Fujian Dali Foods Group. He has held the position of chairman since 1992.
Since 2008, Xu has acted as a deputy to the National People's Congress. In 2015, Dali Foods Group made its debut on the Hong Kong Stock Exchange.
Forbes ranked him 20th on its China Rich List by 2016, with a net worth of $6.3 billion. His fortune increased to $9.3 billion in 2019 and was estimated at $8.8 billion in 2020.
In July 2023, Xu revealed intentions to take Dali Foods private by delisting from the Hong Kong Stock Exchange. The buyout offer of $6.6 billion received shareholder approval in August, featuring a 38% premium above the last closing price.
Personal life
Xu lives in Quanzhou, China. He is married to Chen Liling and their daughter, Xu Yangyang, holds the role of vice president within Dali Foods.