Zuo Hui
 | This biographical article is written like a résumé. (August 2021) |
Zuo Hui | |
|---|---|
| Born | Zuo Hui May 1971 (age 53) |
| Died | May 20, 2021 |
| Alma mater | Beijing University of Chemical Technology Peking University |
| Occupation | Entrepreneur |
| Known for | Founder and Chairman of KE Holdings |
Zuo Hui (January 1971 – May 20, 2021) was a Chinese entrepreneur, real estate tycoon and founder of KE Holdings.[1][2][3]
Early life and education
[edit]In 1992, Zuo earned a degree in computer science from Beijing University of Chemical Technology.[3]
In 2008, he earned a Master of Business Administration from Peking University.[4]
Career
[edit]After graduating, Zuo worked in a series of sales jobs in insurance and other industries.[3]
In 2001, he founded Beijing Lianjia, a Chinese real-estate brokerage company.[5]
In 2010, Zuo started Yiju Taihe, which offered property-related financial services.[3]
In 2018, Zuo founded Beike, an online brokerage platform.[1] In the same year, Zuo created KE Holdings, an umbrella company into which he put Lianjia, Yiju Taihe and Beike.[3]
In 2020, KE Holdings raised $2.12 billion from its IPO on the New York Stock Exchange, valuing the company at just under $40 billion.[6][7]
Net worth
[edit]In April 2021, Forbes estimated Zuo's net worth to be $15.5 billion.[1]
Death
[edit]Zuo died on May 20, 2021, at 50 years old as a result of an unspecified illness. Beike named CEO Peng Yongdong as the new chairman following his death.[8][9]
References
[edit]- ^ a b c "Zuo Hui". Forbes. Retrieved 2021-08-06.
- ^ "Beike founder Zuo Hui passes away at age of 50". KrASIA. 2021-05-20. Retrieved 2021-08-06.
- ^ a b c d e Flannery, Russell. "High Rise: Billionaire Zuo Hui Dominates China's Property Transactions Market". Forbes. Retrieved 2021-08-06.
- ^ "Zuo Hui, who built China's biggest online property platform, dies at 50". South China Morning Post. 2021-05-20. Retrieved 2021-08-06.
- ^ "Founder of China property platform Beike is worth US$20b". www.businesstimes.com.sg. Retrieved 2021-08-06.
- ^ "Tencent-backed Beike surges on NYSE debut amid strained US-China ties". South China Morning Post. 2020-08-14. Retrieved 2021-08-06.
- ^ Swartz, Jon. "A Chinese IPO just raised more than $2 billion amid tensions between U.S., China". MarketWatch. Retrieved 2021-08-06.
- ^ Flannery, Russell. "Pioneering China Real Estate Billionaire Zuo Hui Dies At 50; KE Plunges". Forbes. Retrieved 2021-08-06.
- ^ "Beike names CEO Peng Yongdong as new chairman following Zuo Hui's death". South China Morning Post. 2021-05-24. Retrieved 2021-08-06.