What is Xu Jingren's Net Worth?
Xu Jingren is a Chinese businessman who has a net worth of $2 billion. Xu Jingren chairs privately held Yangtze River Pharmaceutical Group of Jiangsu Province, whose products include antibiotics, chemotherapy, cardiovascular and digestive drugs. The company has more than 9,300 employees and $2 billion in total assets, the second largest (by sales) within China's pharmaceutical industry. Jingren's son, Haoyu, is vice chairman. Jingren is a member of the National People's Congress. Despite challenges and difficulties, Xu Jingren launched his pharmaceutical business and has managed to keep it in private hands.
Jingren founded Yangtze River Pharmaceutical Group in 1971. The headquarters of the company is located in the very old city of Taizhou (Jiangsu Province). The city is filled with thousands of years worth of history and situated on banks of the Yangtze River within the Yangtze Delta Economic Circle, next to Shanghai and Nanjing. Today Yangtze River Pharmaceutical Group is a large cross-regional pharmaceutical group that includes industry-university-institute cooperation and integrates scientific research, industrial production and sales. The firm is one of the first groups of Innovative Enterprises to be acknowledged by the Ministry of Science and Technology. Its sales network covers all of China and the company boasts more than 20 subsidiaries.
