Early Life
Wu Guangming was born into a family of fishermen. He co-founded the predecessor of Yuyue Medical with his father in the 1990s.
Rise to Success
In 1998, Wu Guangming and his father founded Jiangsu Yuyue Medical Equipment and Supply. The company focused on research, development, production, and distribution of medical equipment. Yuyue Medical's product line includes blood pressure monitors, diagnostic equipment, and wheelchairs. Wu took the company public on the Shenzhen Stock Exchange in 2008.
Key Business Strategies
Wu Guangming expanded the company through strategic acquisitions and investments. His focus on research and development allowed Yuyue Medical to grow and adapt to market trends. In April 2017, Wu's Yuwell Technology transferred 22% of its shareholding rights in Wandong Medical to Yu Rong. In November 2021, Baiyao announced it offered HKD1.3 billion (USD166.4 million) to acquire Hong Kong-listed Ban Loong to enter the field of industrial.
Philanthropy
I am sorry, I could not find specific information about Wu Guangming's philanthropic initiatives.