The businessman managed to position Mindray as a reference in the global health field.
Li xitingoriginally from a small town in China, went from being an academic researcher to become one of Singapore’s richest men. As co -founder and president of Mindrayhe has led one of the main medical devices in the world. His history is a testimony of effort and vision, which allowed him to build one of the most important companies in the sector.
Thanks to its ability to recognize opportunities in emerging markets, the billionaire managed to expand globally.
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Li Xiting’s story
Li Xiting was born in 1951 in a small town in Dangshan County, in the province of Anhui, China. From a young age, he showed great interest in science, which led him to study low temperature physics in the University of Science and Technology. After finishing his training, he began his career as a researcher and collaborated with institutions in Wuhan, Hubei, and in France, where he was invited as an academic at the Paris-Sud University in the early 80s.
His first experience in the private sector was in Shenzhen Anke High-Tech Companya project backed by the Chinese government for Develop medical devices In the 1980s. In 1989, the firm presented the first magnetic resonance scanner in the country. However, it was in 1991 when Li He founded Mindray In Shenzhen along with Xu Hang and Cheng Minghe, with the aim of creating advanced medical equipment. The company began to stand out quickly and achieved its first important contract with a sale of 360,000 yuan at a sector fair.
The initiative expanded and opted for innovation in products. In 2006, the organization took an important step when I went out in New York, raising $ 270 million. However, in 2016, Li and its partners decided to acquire the entity again through an agreement of 1.9 billion dollars.
Currently, Mindray is an international corporation with presence in various countries and an outstanding position in the medical team industry. The Chinese businessman, who moved to Singapore in 2018, divides his time between that city and Shenzhen, where he is based on his business.
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How much is Li Xiting’s fortune
Li xiting is considered one of the wealthiest men worldwide, with A net worth estimated at 13.6 billion dollars. His fortune comes mainly from his participation in Mindray, where he occupies the position of president and co-zo. The firm, which began with a clear vision of offering quality medical technology, has grown greatly and has become a significant actor in the global market.
Source: Ambito
