Li Xiting

Early Life and Education

Li Xiting was born in 1951 in Dangshan County, Anhui, China. He graduated from the University of Science and Technology of China with a bachelor's degree in low temperature physics. During the 1980s, he was a visiting scholar at Paris-Sud University in France.

Rise to Success

Li's entrepreneurial journey began in the late 1980s at Shenzhen Anke High-tech Company. In 1991, he co-founded Mindray in Shenzhen with Xu Hang and Cheng Minghe. The company secured its first contract in the 1990s. Mindray went public on the New York Stock Exchange in 2006, raising $270 million. In 2016, Li and his co-founders took the company private in a $1.9 billion deal. Li became a Singaporean citizen in 2018.

Key Business Strategies

Li has emphasized innovation, quality, and global expansion within the medical device industry. Mindray has become a global leader in the healthcare sector.

Philanthropy

Li Xiting is known for his philanthropic endeavors. He has donated to the China Red Cross and various local healthcare programs. He also donated to his alma mater, the University of Science and Technology of China. During the COVID-19 pandemic, Mindray donated medical devices to hospitals in Wuhan, China, and northern Italy.