Xu Shugen

Biography

Xu Shugen, a self-made billionaire, is the founder and chairman of Zhejiang Dingli Machinery, a leading manufacturer of industrial lifts. Born in China, Xu's career has been centered around the construction and mining machinery industry. His net worth is estimated at $2.2 billion as of December 4, 2025. Under his leadership since 2005, Zhejiang Dingli has expanded globally and become a top three intelligent manufacturing enterprise of aerial work platforms, breaking the monopoly of international giants. Xu was also recognized as one of the 100 Most Influential People in China Construction Machinery Industry in 2016.

In-Depth Profile

Early Life

Details about Xu Shugen's early life and education are limited in the search results. However, it's known that he is a Zhejiang businessman with a sharp business intuition.

Rise to Success

Xu Shugen's rise to success is attributed to his leadership at Zhejiang Dingli Machinery, which he founded in 2005. Dingli manufactures industrial lifts and, under his guidance, has expanded its reach to over 80 countries.

Key Business Strategies

Xu Shugen's key business strategy involves innovation and maintaining a single production base in China. He has rejected low pricing and global production in favor of these strategies. Dingli has also focused on cross-border mergers and acquisitions to gain technological advantages. In addition, Xu has ventured into robotic lifts and other innovative products.

Philanthropy

The search results do not provide specific information about Xu Shugen's philanthropic activities.

Career Milestones

2005

Founded Zhejiang Dingli Machinery

Xu Shugen founded Zhejiang Dingli Machinery, a manufacturer of industrial lifts.

2016

Recognized as influential leader

Xu Shugen was selected into 2016 100 Most Influential People in China Construction Machinery Industry.

2022

Awarded Zhejiang Merchants of the Year

Xu Shugen was awarded the “Zhejiang Merchants of the Year 2022”.