Xu Hang co-founded Mindray in 1991 and built substantial wealth through the medical-device company while later adding a separate real-estate business through Parkland Group. [1][2]
Mindray began as a founder-built medical-device company
Forbes identifies Xu Hang as a cofounder and director of Shenzhen Mindray Bio-Medical Electronics, which was founded in 1991 and became a major supplier of medical devices. [1]
Mindray's own corporate history dates the company's founding to 1991 in Shenzhen and describes a progression from individual products toward a broad global healthcare-technology platform. [2]
Forbes ties Xu's wealth directly to medical devices and describes the fortune as self-made, with no reviewed evidence that an inherited operating company or family fortune supplied the economic base. [1]
He also created a second business outside Mindray
Forbes says Xu also owns Parkland Group, a Chinese real-estate developer best known for the One Shenzhen Bay mixed-use skyscraper complex, adding another independently built business interest. [1]
The reviewed record supports a primarily self-created fortune: Xu helped found Mindray, remained a director as it scaled internationally, and accumulated additional value through a separate property platform. [1][2]
Sources for background
Sources reviewed Sep 22, 2026.
- Xu Hang · Forbes · Mar 10, 2026
- 35 Years of Relentless Innovation · Mindray
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