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Zuo Hui

From Wikipedia, the free encyclopedia
Chinese entrepreneur and real estate tycoon (1971–2021)
This biographical articleis writtenlike a résumé. Pleasehelp improve it by revising it to beneutral andencyclopedic.(August 2021)
Zuo Hui
Born
Zuo Hui

1971 (1971)
DiedMay 20, 2021(2021-05-20) (aged 50)
Alma materBeijing University of Chemical Technology
Peking University
OccupationEntrepreneur
Known forFounder and Chairman ofKE Holdings

Zuo Hui (January 1971 – May 20, 2021) was a Chinese entrepreneur, real estate tycoon and founder ofKE Holdings.[1][2][3]

Early life and education

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In 1992, Zuo earned a degree incomputer science fromBeijing University of Chemical Technology.[3]

In 2008, he earned aMaster of Business Administration fromPeking University.[4]

Career

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After graduating, Zuo worked in a series of sales jobs in insurance and other industries.[3]

In 2001, he foundedBeijing 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, anumbrella company into which he put Lianjia, Yiju Taihe and Beike.[3]

In 2020, KE Holdings raised $2.12 billion from itsIPO on theNew York Stock Exchange, valuing the company at just under $40 billion.[6][7]

Net worth

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In April 2021,Forbes estimated Zuo's net worth to be $15.5 billion.[1]

Death

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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

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  1. ^abc"Zuo Hui".Forbes. Retrieved2021-08-06.
  2. ^"Beike founder Zuo Hui passes away at age of 50".KrASIA. 2021-05-20. Retrieved2021-08-06.
  3. ^abcdeFlannery, Russell."High Rise: Billionaire Zuo Hui Dominates China's Property Transactions Market".Forbes. Retrieved2021-08-06.
  4. ^"Zuo Hui, who built China's biggest online property platform, dies at 50".South China Morning Post. 2021-05-20. Retrieved2021-08-06.
  5. ^"Founder of China property platform Beike is worth US$20b".www.businesstimes.com.sg. Retrieved2021-08-06.
  6. ^"Tencent-backed Beike surges on NYSE debut amid strained US-China ties".South China Morning Post. 2020-08-14. Retrieved2021-08-06.
  7. ^Swartz, Jon."A Chinese IPO just raised more than $2 billion amid tensions between U.S., China".MarketWatch. Retrieved2021-08-06.
  8. ^Flannery, Russell."Pioneering China Real Estate Billionaire Zuo Hui Dies At 50; KE Plunges".Forbes. Retrieved2021-08-06.
  9. ^"Beike names CEO Peng Yongdong as new chairman following Zuo Hui's death".South China Morning Post. 2021-05-24. Retrieved2021-08-06.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Zuo_Hui&oldid=1285486074"
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