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A sanitation worker cleans the logo of Hong Kong Exchanges and Clearing (HKEX) last year. (Photo by … [+]
China News Service via Getty Images
Gong Yingying, CEO of China healthcare information provider Yidu Tech, joined the ranks of the country’s billionaires today after the company’s shares more than doubled on their debut at the Hong Kong Stock Exchange.
Yidu shares were trading at more than HK$60 at about 10:15 a.m. in Hong Kong this morning. That compares with their IPO price of HK$26.30 per share.
Gong holds a 44% stake in Yidu worth $3 billion at mid-morning. Yidu’s customers include hospitals, pharmaceutical, biotech and medical device companies, research institutions, insurance companies, doctors and patients, as well as regulators and policy makers.
Gong, 36, founded Yidu in 2014. She earlier worked at Deutsche Bank, Global Infrastructure Partners, Credit Suisse First Global, and Beijing Huixu Jintong Investment Center before founding Yidu. She holds an EMBA from the Cheung Kong Graduate School of Business and a B.A. in economics from the London School of Economics and Political Science.
China is home to the world’s second-largest number of billionaires after the United States.
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