Xu Hang, co-founder of Mindray Medical International, leading innovation in global healthcare.

Xu Hang – Pioneer in Medical Technology and Entrepreneurship

Early Life and Education

Born in 1967, Xu Hang’s journey towards becoming a prominent figure in Chinese business and medical technology began with his education at Tsinghua University. He graduated with a BA degree and further pursued a Master’s degree in biomedical engineering at the university’s Department of Electrical Engineering. It was during his academic years that Xu gained recognition for his groundbreaking invention of China’s first domestic color B-ultrasound machine, a pioneering achievement that earned him acclaim and the prestigious National Progress Award.

Xu Hang, co-founder of Mindray Medical International, leading innovation in global healthcare

Founding Mindray Medical International

In 1991, Xu Hang co-founded Mindray Medical International along with Li Xiting and Cheng Minghe. The company, based in Shenzhen, quickly emerged as China’s largest and most influential high-tech medical equipment manufacturer. Under Xu’s leadership as co-CEO, Mindray expanded its portfolio of medical devices and solutions, catering to global healthcare markets and earning a reputation for innovation and reliability.

Entrepreneurial Ventures

Beyond Mindray, Xu Hang ventured into diverse business sectors, demonstrating his entrepreneurial acumen. In 2001, he established Pengrui Investment Group Co., Ltd, focusing on high-tech environmental protection, real estate development, and ecotourism projects. His strategic investments diversified his portfolio and contributed to the economic and environmental sustainability initiatives in China.

Leadership and Career Highlights

Xu’s tenure at Mindray was marked by significant milestones and achievements. He played a pivotal role in steering the company towards international recognition and success. In 2012, Xu transitioned from his role as co-CEO to focus on his position as chairman of Mindray, continuing to guide the company’s strategic direction and growth trajectory.

Recognition and Wealth

Xu Hang’s contributions to the field of medical technology and entrepreneurship have been widely acknowledged. His entrepreneurial success and leadership at Mindray propelled him to Forbes’ prestigious list of The World’s Billionaires in 2022, with an estimated wealth of US$16.1 billion, reflecting his influence and impact on global business and healthcare industries.

Personal Life and Philanthropy

Despite his busy professional life, Xu Hang maintains a commitment to philanthropy and community welfare. His contributions to various charitable causes and initiatives underscore his dedication to giving back to society and improving healthcare access globally.

Legacy and Future Outlook

Xu Hang’s legacy extends beyond his entrepreneurial achievements. He is revered as a visionary leader who revolutionized medical technology and healthcare delivery systems. His ongoing contributions continue to shape the future of healthcare innovation, inspiring future generations of entrepreneurs and healthcare professionals to push the boundaries of what is possible in advancing human health and well-being.


Xu Hang’s life story is a testament to perseverance, innovation, and the transformative power of entrepreneurship. His journey from a pioneering inventor to a billionaire business magnate exemplifies the potential for impact when visionary leadership meets technological innovation. Xu Hang’s influence on the medical technology sector and beyond remains profound, reflecting a legacy built on innovation, integrity, and a commitment to improving lives globally.


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