Early Life
Born in Shanghai, China, Liu Fangyi studied electrical engineering at Caltech in Los Angeles. He started his entrepreneurial journey in the disposable glove trading business in the USA.
Rise to Success
Liu Fangyi founded INTCO Medical in 2009 in the eastern Chinese city of Zibo. In 2017, he led INTCO to go public. He capitalized on the surge in demand for disposable medical gloves during the COVID-19 pandemic.
Key Business Strategies
Liu implemented a globalization strategy, known as the “5G Strategy,” focusing on Global Talent, Global Manufacturing, Global Supply Chain, Global Market, and Global Capital. INTCO has expanded its production capacity and captured international markets, solidifying its leading position in the industry. Diversification into green product lines, such as picture frames from recycled plastics, is also a key strategy.
Philanthropy
Liu actively advocates for participation in public welfare initiatives and has introduced the company culture of “Love, Kindness, and Truth.” INTCO Medical supports various charitable projects, including rural education, disaster relief, and elderly care.