You Xiaoping: The Billionaire Entrepreneur
You Xiaoping is a successful entrepreneur and billionaire from China. He is the founder and CEO of a leading health and dietary supplement company called Biostime International Holdings Limited, which specializes in infant formula and nutritional products. With an estimated net worth of $3.3 billion, You Xiaoping is one of the wealthiest individuals in China.
Early Life and Education
You Xiaoping was born in 1965, in Guangdong Province, China. He grew up in a family of modest means, and his parents were factory workers. Despite financial constraints, You Xiaoping was determined to succeed in life, and he worked hard to earn a scholarship to study at a prestigious university in China.
He graduated from Jinan University in 1985, with a degree in English. After completing his studies, You Xiaoping worked as a translator and interpreter in Guangzhou for several years, before deciding to pursue a career in business.
Career and Achievements
You Xiaoping’s business career began in the pharmaceutical industry in 1990, where he worked for a number of companies in sales and marketing roles. In 1999, he founded Biostime in Guangzhou, initially as a distributor of imported health and dietary supplements.
Under his leadership, Biostime quickly grew to become one of the leading infant formula and nutrition companies in China. In 2010, Biostime became the first Chinese company to be granted an infant formula import license by the New Zealand government, enabling it to import high-quality milk powder directly from New Zealand.
In 2011, Biostime completed an IPO on the Hong Kong Stock Exchange, raising over $800 million. Today, Biostime operates in more than 20 countries and territories, and its products are sold in over 100,000 retail locations worldwide.
You Xiaoping’s success with Biostime has earned him numerous accolades, including recognition as one of China’s Top 10 Entrepreneurs by Forbes China in 2012 and 2013. He was also named one of the Top 100 Most Influential Business Leaders in Asia by the Economic Times in 2017.
You Xiaoping is married and has two children. He is known for his philanthropic efforts, including a donation of $10 million to the China Charities Aid Foundation for Children in 2010. He has also established a scholarship fund for students at his alma mater, Jinan University.
|Sector||Nutrition and Health|
|Companies||Biostime International Holdings Limited|
|Net Worth||$3.3 billion|