Li Xiting on Business Philosophy

Li Xiting — founder profiled in the Chinese Founder Ledger — is documented as follows: university of Science and Technology of China physics graduate who worked as a researcher in Wuhan and France before co-founding medical-device maker Mindray in Shenzhen in 1991 with Xu Hang and Cheng Minghe, growing it into China's largest medical equipment manufacturer, listing it on the NYSE in 2006, taking it private in a 2016 buyout, and relisting it on China's A-share market; he became a naturalized Singaporean citizen in 2018. The profile is grounded in the 2 sources indexed for this founder.

Li founded Mindray in Shenzhen in 1991 together with Xu Hang and Cheng Minghe, both former Anke colleagues; the company secured its first contract, a 360,000-yuan sale, at a medical equipment convention in the 1990s, and by 2008 had become China's largest medical device manufacturer.

Mindray listed on the New York Stock Exchange in September 2006, raising US$270 million; in 2016, Li and his two co-founders took the company private in a US$1.9 billion deal, and the company subsequently re-listed on China's A-share market.