Biography of Billionaire Yingzhuo Xu
Yingzhuo Xu is a Chinese billionaire investor and entrepreneur, best known for his successful career in the technology industry. He is the founder and CEO of Ocumension, a biopharmaceutical company focused on developing treatments for ophthalmic diseases. With a net worth of $3.8 billion, he is one of the richest people in China and is listed on Forbes’ Billionaires list.
Early Life and Education
Yingzhuo Xu was born on January 1, 1964, in China. He grew up in a family of modest means, with his father working as a factory worker and his mother as a homemaker. Despite the financial challenges his family faced, Xu was a bright student and excelled academically. He went on to study at Peking University, where he earned a bachelor’s degree in computer science in 1986.
Career and Achievements
After completing his education, Xu started his career as a software engineer at a Chinese technology firm. He quickly rose through the ranks, thanks to his technical skills and business acumen. In 2000, he founded his own company, called Hongtai Group, which focused on developing enterprise software solutions. The company was a success and quickly became one of the leading software firms in China.
In 2011, Xu sold Hongtai Group and decided to focus on the healthcare industry. He founded Ocumension, a biopharmaceutical company that develops treatments for eye diseases such as cataracts and macular degeneration. Under Xu’s leadership, Ocumension has grown rapidly and has become a major player in the Chinese biotech industry. In 2021, the company raised $9 million in a funding round led by Sequoia Capital China.
Apart from Ocumension, Xu is also an active investor in other technology and healthcare firms. He has invested in companies such as JD.com, China’s largest online retailer, and MicroPort, a medical device manufacturer. He also serves on the board of several companies, including the China Association of Pharmaceutical Commerce and the Beijing Eye Study Association.
Yingzhuo Xu is a private person and little is known about his personal life. He is married and has two children.
|Born:||January 1, 1964|
|Sector:||Technology and healthcare|
|Companies:||Ocumension, JD.com, MicroPort|
|Net Worth:||$3.8 billion|