Early Life and Education
Xu Hang was born in 1963. He pursued his education at Tsinghua University, where he earned a Bachelor of Arts degree and a Master of Science in Engineering, specializing in biomedical engineering. During his academic years, he invented China's first domestic color B-ultrasound machine, earning him the National Progress Award.
Rise to Success
In 1991, Xu co-founded Mindray Medical International with Li Xiting and Cheng Minghe. Under his leadership, Mindray became China's largest high-tech medical equipment manufacturer. Xu served as co-CEO and later as chairman, guiding the company's strategic direction and growth. In 2001, Xu established Pengrui Investment Group Co., Ltd., focusing on investments in high-tech environmental protection, real estate, and ecotourism.
Key Business Strategies
Xu focused on innovation and quality, enabling Mindray to compete with global giants. Mindray developed cost-effective devices that met international standards, allowing the company to expand into markets across the Americas, Europe, and Asia. Xu's leadership style emphasized discipline, teamwork, and a long-term vision. Mindray was listed on the New York Stock Exchange in 2006.
Philanthropy
Xu is known for his philanthropic efforts in education, healthcare, and environmental protection. In 2021, he and the Pengrui Public Welfare Foundation jointly donated 1 billion RMB to the Shanghai World Laureates Development Foundation.