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Xiu Laigui is a self-made Chinese billionaire and the chairman of Xiuzheng Pharmaceutical Group, one of China's largest pharmaceutical companies. Born in 1954, Xiu transitioned from a career as a policeman to become a prominent figure in the healthcare industry. His career has been marked by his leadership in Xiuzheng Pharmaceuticals, which he founded in 1995. Xiu Laigui's net worth is estimated to be $1.1 billion as of late 2024.
Xiu Laigui was born in 1954 in Changchun City, Jilin Province, China. Before entering the pharmaceutical industry, Xiu worked as a policeman in China during the early 1990s.
In 1995, Xiu Laigui took over a small pharmaceutical factory. Through hard work, he grew the company rapidly. Xiu founded Xiuzheng Pharmaceuticals in Tonghua, located in China's northeastern Jilin province. Under his leadership, the company expanded rapidly, developing a diverse portfolio of medicines used nationwide. Xiuzheng's success solidified Xiu's position as a major contributor to China's medical and pharmaceutical landscape.
Xiu Laigui transformed Xiuzheng into one of China's largest pharmaceutical firms. His company thrives in both traditional and modern medicine markets. Xiuzheng has 127 subsidiaries with more than 100,000 employees. The company has also entered the health industry, tourism, and real estate industries to implement diversified development.
Under Xiu's guidance, Xiuzheng Pharmaceuticals has not only focused on profitability but also on corporate social responsibility, emphasizing the importance of giving back to the community and improving public health.
Xiu Laigui founded Xiuzheng Pharmaceuticals, which became one of China's largest pharmaceutical companies.
Xiuzheng Pharmaceuticals was involved in a scandal regarding capsules made from industrial gelatin, leading to recalls and a hit to the company's reputation.
Xiuzheng was involved in a scandal over the use of industrial gelatin in some products.
