Early Life
Liu Fangyi, also known as Frank Liu, was born in China. From 1989 to 1999, he studied and engaged in trade activities in the United States, gaining experience in global markets. He returned to China in 2000 to pursue joint ventures.
Rise to Success
In 2009, Liu founded the predecessor to INTCO Medical in Zibo, China, focusing on intelligent manufacturing within the medical sector. This led to the company's successful listing on the Shenzhen Stock Exchange in 2017. Under Liu's guidance, INTCO Medical expanded into a global high-tech enterprise focused on medical devices and consumables. He has since become a key player in China's healthcare manufacturing sector. INTCO Medical experienced significant growth during the COVID-19 pandemic due to increased demand for medical gloves.
Key Business Strategies
Liu's primary business venture is INTCO Medical Technology (SZSE: 300677), a major supplier of disposable medical gloves, wheelchairs, and gauze. He has focused on R&D innovation and efficient supply chains, contributing to the company's expansion and success. He also founded Intco Recycling, a separate company focused on recycling plastic foam.
Philanthropy
In 2016, Liu and his wife Wang Ping established the Myhome Community Volunteer Philanthropic Foundation, donating $11 million to help senior citizens volunteer for community services. Liu's company, INTCO Medical, also integrates social responsibility into its development strategy, supporting education, rural revitalization, and other public welfare projects.