Billionaire Profile
Liu Fangyi
Global Rank
#2038

Image: Public domain | via Wikimedia Commons

Liu Fangyi

CEO, INTCO Medical
CN
Real-Time Net Worth
$1.9B
As of December 2025
Age
0
Source
Medical equipment
Industry
healthcare
Citizenship
CN

Biography

Liu Fangyi is the chairman and founder of INTCO Medical Technology, a major supplier of disposable gloves and other medical products. He founded the predecessor to INTCO in 2009 and took the company public in 2017. Through strategic vision and unwavering execution, Liu has driven INTCO Medical's growth, earning him recognition as a leading entrepreneur in China and globally. Liu Fangyi has also been recognized by Forbes in their 2024 China Go-International Pioneers Top 30.

Wealth Over Time

In-Depth Profile

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.

Career Milestones

2009

Founded INTCO Medical

Established the predecessor to INTCO Medical in Zibo, China.

2017

INTCO Medical IPO

Led INTCO Medical to go public on the Shenzhen Stock Exchange.

2020

China Enterprise Economic Person of 2020

Received recognition for his contributions to the industry.

2024

Forbes China Go-International Pioneer

Named one of the “2024 Forbes China Go-International Pioneers Top30”.

Philanthropy & Social Impact

Education

Rural Education

$Unknown

Supports education in rural areas.

Disaster Relief

Disaster Relief

$Unknown

Provides aid and support for disaster relief efforts.

Elderly Care

Elderly Care

$Unknown

Supports initiatives for elderly care.

Business Philosophy & Leadership

Leadership Principles

Focus on 5 Key Areas

Capital, team, technology, market, and resources are all equally important for a company's success.

Globalization Strategy

Expand into international markets through global platforms for R&D, marketing, and production.