From Tsinghua genius schoolboy to medical equipment giant, then real estate tycoon, from a mind to study the technology of science and technology man evolved into embracing the white rich wife of the tycoon, his life is really like hanging general .
The 2019 epidemic outbreak was a major concern for everyone, but Xu Hang's value soared to 47 billion yuan, and by 2021 his wealth had more than tripled, and legend has it that at his peak he was growing his assets by 140 million yuan a day, and before that, he peaked. .
What is the secret of Xu Hang's success?
Born in Guangzhou in 1962, Xu Hang grew up with the best of both worlds under his parents' tutelage.
With his great talent and hard work, Xu was a top student in the eyes of his teachers, and in 1977, when the national college entrance examination system was restored, his parents set the goal of getting into a major university.
As the saying goes, "A tiger's father is not a dog's son," and Xu Hang really lived up to his name. The second year of the resumption of the college entrance exams, he was admitted to Tsinghua University at the age of 17.
Under the educational environment at the time, he was able to get into the highest level of the country's education at such a young age, which is a rare talent.
After entering Tsinghua University, Xu Hang decided to choose the most cutting-edge and popular computer program, and after two years of studying in the computer department, Xu Hang wanted to see what the higher sky was like. So, on the recommendation of his parents and teachers, he went on to major in biological sciences.
Four years of study has allowed Xu Hang to learn professional knowledge, but also made him realize that the vast ocean of knowledge is boundless, dual bachelor's degree in computer science and biological science also laid the foundation for his future life.
After his undergraduate degree, Xu Hang went on to pursue a master's degree, and in 1984, he was admitted to Tsinghua University's biomedical engineering program.
With his dual knowledge of biology and computers, he was able to enter one of the most powerful companies in the field after graduation.
At this point, Xu Hang can be said to be the absolute technical school of science and technology, I thought he could be in the country's top companies to focus on technology, but did not expect things not as smooth as he thought.
In 1986, Xu Hang graduated from Tsinghua University with a master's degree, and came to Shenzhen from Beijing, where he worked for just one year in Shenzhen Anke High-Tech Co.
Anchor is a high-tech enterprise jointly established by the Chinese Academy of Sciences and a U.S. company, and it was the earliest medical device company in China to be constructed, with the highest level of technologization, and at the forefront of science and technology.
Xu Hang, who came to Amkor, is like a dragon entering the sea, and prefers direct hands-on research and practice to the knowledge in the books he reads at school. The company is equipped with a specialized lab and research team, and it has lived up to its reputation by delivering results in a short period of time.
In Anke, the young Xu Hang led the team to break the monopoly of foreign countries in the field of medical equipment for the goal , one by one to overcome the scientific and technological difficulties, finally succeeded in the development of China's first color ultrasound machine for medical use , and therefore won the National Science and Technology Progress Award. The first one is a color ultrasound machine, which is the first of its kind in China. However, it seems that he has his own problems when it comes to his career.
Xu Hang's scientific research ability is very strong, the sense of mission and responsibility is even stronger, he is determined to conquer the more difficult scientific and technological difficulties , challenge the world's leading level, completely break the foreign monopoly of high technology in medical equipment .
At that time, 90% of the medical devices on the market were imported, and the high price of the devices was destined to be shared with every patient.
For this reason, Xu Hang has repeatedly applied to the company for research funding and special grants, but the company has been slow to approve. The company's main goal is to provide the best possible service to its customers, and the company's goal is to provide the best possible service to its customers, and to provide the best possible service to its customers.
Although Xu Hang has repeatedly reduced the amount of research funding and hardware and software configurations, the company is still taking into account the revenue factor third rejected Xu Hang's application.
According to Xu Hang's own recollection, if he only needed the company to provide five million dollars of funding, he could have led the team to overcome a technical difficulty. The company's goal is to provide a platform for the development of new technologies, and to provide a platform for the development of new technologies, and to provide a platform for the development of new technologies, and to provide a platform for the development of new technologies, and to provide a platform for the development of new technologies.
In the face of the status quo of domestic medical equipment being monopolized by foreign countries and the huge market prospect of domestic medical equipment vacancies, Xu Hang decided to quit his job and start his own business to break the existing medical industry situation.
In 1991, Xu Hang joined forces with his colleague Li Xiting to start Myriad Medical. Xu Hang's expertise in biomedical science and Li Xiting's familiarity with business management and the industrial chain made them a perfect match.
From the beginning of the venture, Xu Hang and Li Xiting agreed to take the road of independent research and development, but at that time, China's reform and opening up just after ten years, their own weak scientific and technological strength, coupled with foreign technology blockade, want to rely on their own strength to engage in independent innovation how easy.
The country's technological strength is still developing, Science and technology education resources are scarce, want to develop the medical technology industry, but there is no scientific and technological talent to support; the medical device industry originated in foreign countries, domestic enterprises have no relevant experience in the production and operation of the and the complete industrial chain, but also face the foreign veteran technology company suppression, The company has been the only one of its kind in the world, and it is the only one that can provide the best service.
MySpace, the world's largest and most advanced medical device manufacturer, is now in its third year of operation, and is now in its third year of operation.
In order to achieve the long-term development goal, Xu Hang could only accept the company to be the agent of the foreign medical equipment products, and save the scientific research funds and experience of the company's operation first, and then thicker and thinner.
After three years of operation, Xu Hang, through the agency of foreign medical products, has expanded the company's scale to ten million per year. As the company's operational processes matured, the industrial chain was also smoothed out, and the sales channels were also sound, Xu Hang felt it was time to do what he really wanted to do.
Time came to 1995, Xu Hang tentatively to the market to launch the company's self-developed monitor, in the case of quality and foreign brands are not comparable to the case, Xu Hang developed the monitor price reduced by 30% , launched less than half a year on the beheaded a large number of orders .
The success of the monitor gave Xu Hang confidence, but things are always unexpected.
Immediately following the next two years 996 and 1997, Xu Hang will be a large amount of money to the company's technology research and development, but due to the capital investment is too large, coupled with the misjudgment of the product development cycle and the capital flow cycle , the cost of scientific research on the cost of the conversion of the time into profit, Xu Hang's company face the problem of shortage of funds
The company has been in the process of developing a new product for the first time.
By the summer of 1997, the company's capital chain was on the verge of breaking, and many people in the company chose to leave, including Xu's executives, who left to set up new companies and become competitors of Xu Hang.
When Myriad was about to collapse, Xuhang's partner, Li Xiting, went to Wall Street for help.
In the midst of the crisis, Li traveled to the United States and found Warden Capital's manager and asked for urgent help. In the end, Li Xiting returned to Shenzhen with a $2 million investment to breathe life back into the dying Myriad.
The year is coming to an end, and although he's on the verge of bankruptcy, Xu Hang is very happy to see that, after all the hard work, the company has finally achieved what it set out to do. This year, the total marketing revenue of Myriad Medical, distributor revenue and independent product revenue each accounted for half.
In 1998, the investment in research over the previous two years began to translate into product productivity, and the PM9000 series of monitors developed by Micrel went on the market.
This series of products integrates a variety of monitoring indicators into one, powerful, reliable, and precisely meets the immediate needs of hospitals, and more importantly, is affordable, quickly capturing the market.
The powerful PM9000 series of various products has been a huge success, and has become a star product for Myriad Healthcare. After another year of operation, Xu Hang company to achieve revenue of independent products exceeded 100 million yuan mark , Myriad Healthcare is from the agent to independent research and development-oriented enterprises to change.
Subsequently, Xu Hang's company in the field of medical equipment like a crack, not only broke the monopoly of foreign companies , many areas even achieved beyond. In 2006, the company went public in New York with a market capitalization of about 20 billion.
The year Myers went public on the New York Stock Exchange, Xu Hang was 44 years old, and with $3 billion in value he was ranked 70th on the Forbes list of China's richest people.
The medical field is invincible, Xu Hang is not satisfied, he feels that he has developed a bottleneck in this field, want to continue to have a breakthrough to change themselves.
After jumping out of the medical industry, Xu Hang has tried all kinds of industries, media, entertainment, materials, and even games, and he doesn't seem to have a clear direction, but just wants to try more in different areas.
In 2007, when the real estate industry was booming, Xu Hang also set up Pengrui Real Estate, but initially he didn't have the idea of transforming into a real estate developer, but this unintentional move has really affected the rest of his life.
The financial freedom has been realized Xu Hang began to slowly focus on the quality of life , when it comes to life, it is only clothing, food, housing and transportation, Xu Hang first of all dissatisfied with the residence.
The place where he lives is, after all, a commercial house designed by someone else, and any of its large and modern, Xu Hang always felt dissatisfied, so he bought a piece of land in Shenzhen Bay, thinking of building a building to live. So he bought a piece of land in Shenzhen Bay and thought he would build a building to live in. So he named his ideal house "Shenzhen Bay No.1", and led Pengrui Real Estate to start his own real estate battle.
The location that Xu Hang chose can be said to be the best location in the whole of Shenzhen, with high-grade neighborhoods nearby, and Xu Hang's goal was also very simple, to create the most luxurious and modern apartments.
In order to create the ideal apartment, Xu Hang also put forward two special requirements. First, the apartment complex should have a Raffles Hotel with a palace-like setting; second, the apartment has to have a helipad, and it has to be the highest helipad in the world.
Not only that, Xu Hang also personally served as the design director of the project, he personally selected tiles from Italy, selected bathtubs from Germany, a variety of ancillary and furniture from the international first-tier brands. With a concert hall, a café, and a gym all available in the apartment, Xu Hang has really moved his ideal into Shenzhen Bay One.
The design requirements and construction standards are so high, the price is naturally high, opening price of a flat 170,000, today's price reached a flat 300,000, a set of medium-sized apartments in the area of about a hundred square meters, at least tens of millions of dollars.
Soon, Shenzhen Bay 1 gathered a group of China's richest entrepreneurs, and soon Xu Hang relied on this to create a rich circle in Shenzhen, where the people who live here can really be said to be rich, are all big-name entrepreneurs and rich huge.
The Matthew effect makes the Shenzhen Bay One attract more and more rich people to move in, and legend has it that by 2017, the project's direct revenue exceeded three billion.
The success of Shenzhen Bay One gave Xu Hang great confidence, and Pengrui Real Estate became the country's most popular real estate company. After that, Xu Hang had a new dream, he wanted to copy the success of Shenzhen Bay 1 to all over the world.
So Xu Hang slowly let go of Myriad Healthcare, and eventually resigned as CEO of Myriad Healthcare in 2012 to focus on developing Pengrui Real Estate.
Time came to 2019, Xu Hang has applied the successful experience of Shenzhen Bay One to all major cities in Guangdong Province, landing more than ten projects one after another, he was ready to let go, targeting the whole of China, a big job. The first time I've seen this, I've seen it, and I've seen it, and I've seen it.
No one would have thought that the end of 2019 would be a watershed moment for social change. That Spring Festival, what everyone saw on TV was no longer a joyous celebration of New Year's Eve across the country, but rather a gathering of medical workers from all over the country, prepared to go to the front lines of protest.
2020 was an extremely difficult year for many businesses, with many businesses shutting down, and many people's fortunes dramatically shrinking, but at this point, Xu Hang quietly doubled his assets.
What makes Xu Hang's value soar is not the Pengrui real estate that he is most concerned about right now, but Myriad Medical's one common product - the ventilator.
The ventilator is a medical device that replaces the body's abdominal respiratory function, and is mainly used for patients who have weakened or lost their abdominal respiratory function due to injury or disease. The ventilator can be used to stabilize the oxygen concentration in the patient's blood, reduce the burden on the patient's lungs, and maintain the patient's basic oxygen metabolism.
After the outbreak of the New Guan epidemic, doctors on the front lines quickly realized that the virus mainly targets the human lungs, where a large amount of fluid is generated, preventing oxygen from entering the body's circulation, and therefore decreasing the oxygen content of the patient's blood can lead to long-term, unexpected, and irreversible damage to the entire body.
In order to ensure the body's normal metabolism, maintain blood oxygen levels and the patient's vital signs, and buy time for doctors to rescue critically ill patients, ventilators have become an indispensable tool for saving patients with new crowns .
Among the many brands of ventilators, the ventilators produced by Myriad Healthcare are reliable, yield-assured, and have quickly become the preferred choice of major hospitals in China. With the development of the epidemic, foreign countries have also begun to outbreaks of new crown epidemic, there is because there is no timely and effective means of isolation, foreign epidemics to be far more than the domestic epidemic more serious.
Soon, foreign hospitals were running out of ventilators, and countries around the world were urgently purchasing ventilators, with many frontline foreign doctors asking for help on social media. After securing domestic demand, Myriad Medical targeted the international market.
The world is in dire need of ventilators, with New York State alone ordering nearly 20,000 from China, and other states placing similar orders; the United Kingdom depleted its stock of ventilators early, and is searching for buyers all over the world;
Spanish doctors are crying out on social media about the shortage of ventilators, and having to give up on all the critically ill patients.
According to financial media reports, during the epidemic, domestic ventilators received an unprecedentedly large volume of orders, of which more than half of the export orders for ventilators belonged to Myriad Medical. In order to ensure the supply of products at home and abroad, Myriad had to emergently expand production capacity and increase production lines, and despite the fact that the scale of production expanded by five times, it still couldn't satisfy the market.
At this point in time, although Xu Hang has resigned from Myriad Healthcare, but is still the second largest shareholder of Myriad Healthcare, from the beginning of the epidemic to April 2020, Myriad Healthcare single share rose 84.39 yuan, or nearly half of the total market capitalization of exceeded three thousand three hundred million.
By the end of 2020, Myriad's total market capitalization exceeded $500 billion, and Xu Hang, with a 27.68% stake, was worth nearly $150 billion, and if you add in the Pengrui Group, his total assets exceeded $200 billion.
It's a good thing to be poor and a good thing to be rich. In the midst of the epidemic, Xu Hang, whose wealth is growing rapidly, is not as excited as he usually is, and he knows that what China needs at this moment are entrepreneurs, but rather volunteers to lead the way.
In 2019, Xu Hang donated 330 million to Tsinghua University to set up a bursary fund and a research fund; after the outbreak of the epidemic, he donated countless medical equipments to hospitals all over the country; and in 2021, he donated one billion to the Shanghai Science and Technology Foundation.
In 2021, he donated a billion dollars to the Shanghai Science and Technology Foundation. Donation site, Xu Hang attended with his wife Gu Fen, this is the first time Xu Hang wife in front of the public, young and beautiful wife is also envious of others, even Xu Hang's partners for many years have joked that he is a golden house to hide.
From the genius of the evolution of the school bully to today's cross-border big brother, has been nearly a year old Xu Hang worth hundreds of billions of dollars, but also has a beautiful wife to accompany around, really is a life winner, let people envy.