Early Life and Career
Qi Jinxing, born in 1963, began his career with a role in a government district office before transitioning to a management position in a construction firm. His entrepreneurial journey began in 1996 when he made a pivotal decision to establish Hangzhou Binjiang Real Estate Group, foregoing a potentially bigger government position. This marked the beginning of his ascent in the real estate sector.
Rise to Success
Over nearly two decades, Qi transformed Hangzhou Binjiang Real Estate Group into a billion-dollar enterprise. The company's shares were listed on the Shenzhen Stock Exchange in May 2008, which further solidified its financial standing. Qi’s strategic approach and focus on the real estate market in Hangzhou contributed to his financial success, as well as his real estate company making a comeback to the billionaire circles in 2013, following a wide increase in real estate stocks in China and healthy sales of his own new projects.
Key Business Strategies
Qi Jinxing's business strategy has been centered on the development and sales of real estate. The company's expansion and investment in the Hangzhou area have been key to its growth. His decisions to purchase land parcels in key locations and focus on project development have been instrumental in his success.
Philanthropy
In 2011, Qi Jinxing invested in Ascletis, a cancer-treatment firm. Through his Hangzhou Binjiang Investment Holding, he backed the development of cancer and anti-infective drugs. This investment demonstrates his commitment to leveraging his wealth to contribute to the healthcare sector.