Li Xiting on Founding and Origins

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 was born in a rural village in Dangshan County, Anhui, in 1951, graduated from the University of Science and Technology of China with a bachelor's degree in low-temperature physics, and worked as a researcher assisting scholars in Wuhan, Hubei and in France (including as a visiting scholar at Paris-Sud University) from 1976 to 1987.

Li's first entrepreneurial venture was at Shenzhen Anke High-tech Company, a partially state-owned enterprise set up by the Chinese Academy of Sciences, which became China's first home-grown developer of medical devices and launched the country's first MRI scanner in 1989.

Co-founded Mindray in Shenzhen in 1991 with Xu Hang and Cheng Minghe, focused on domestic patient-monitoring, imaging, and diagnostic products.

Listed Mindray on the NYSE in 2006, then took it private in a 2016 buyout led by Li and the other two co-founders, followed by a re-listing on China's A-share market.