Early Life
Xiu Laigui was born in 1954 in Changchun City, Jilin Province, China. He graduated from the Law Department of Jilin University. Before entering the pharmaceutical industry, Xiu Laigui worked as a policeman in China during the early 1990s.
Rise to Success
Xiu's entry into the pharmaceutical industry began in 1995 when he took over a pharmaceutical factory that was on the verge of bankruptcy. He transformed the small company into Xiuzheng Pharmaceutical Group, one of China's largest pharmaceutical companies. Under his leadership, Xiuzheng developed a diverse portfolio of medicines and expanded rapidly, becoming a major player in China's pharmaceutical supply chain. Xiu Laigui led Xiuzheng to rapid growth, becoming the second-largest growing company in China with a growth rate of 1876%.
Key Business Strategies
Xiu Laigui's business strategies include focusing on research and development and the production of high-quality pharmaceutical products, addressing the healthcare needs of the Chinese population. His company expanded by investing in research, large-scale production, and distribution. Xiu emphasized the corporate philosophy of “repairing the original and benefiting the people”. Xiuzheng expanded into the health industry, tourism, and real estate to implement diversified development.
Philanthropy
Information on the specific amounts of Xiu Laigui's philanthropy is unavailable in the search results.