Eric Xu

Eric Xu Yong
Native name 徐勇
Born 1964 (age 51–52)
Beijing, China
Residence Beijing, China
Alma mater
Occupation
  • Chairman of YIFANG Group Holdings Limited
  • Xu-Chen Family Foundation
  • Xu Family Charitable Foundation Limited
  • YIFANG (Beijing) Foundation
Spouse(s) Alice Chen Jing
Children 2
Website www.yifangventures.com
This is a Chinese name; the family name is Xu.

Eric Xu Yong (Chinese: 徐勇; born 1964) is a Chinese entrepreneur, investor, and philanthropist, best known as a co-founder of Baidu, the largest Chinese search engine.

Xu is the founder and chairman of YIFANG Group Holdings Limited, an investment holding company engaged in venture capital investments and asset management activities.[1] He also founded three family philanthropic organizations: The Xu-Chen Family Foundation,[2] The Xu Family Charitable Foundation Limited,[3] and YIFANG (Beijing) Foundation.[4]

Education

Xu Yong earned his B.S and M.S. degrees in biology at Peking University from 1982 to 1989.[5]

A Rockefeller Foundation fellow 1990-1993, Xu obtained a Ph.D. degree in Biology from Texas A&M University. Xu was also a post-doctoral research fellow at the University of California, Berkeley from 1994 to 1996.[6]

Career

Xu's career ranges across the fields of biotechnology, film production[7] and information communications technology. Later in his career, he expanded into venture capital and fund management.

Biotechnology

Prior to Baidu, Xu worked at Qiagen, Inc. and Stratagene, Inc, two biotech start-up companies in California in technical support, sales and marketing.[8]

Television

Xu is a producer of the first Chinese TV documentary on Silicon Valley's unique history and culture in 1999.[9] Titled "A Journey to Silicon Valley", the TV series brings to light the history, start-up culture, business management and venture capital mechanisms of the Valley in an objective and comprehensive fashion, and profoundly reveals the mystery behind the success of Silicon Valley as the world model for high-tech undertakings and innovation.[10]

Baidu

In 1999, together with Mr. Robin Li, Dr. Eric Xu Yong co-founded Baidu, the world's largest Chinese search engine (NASDAQ:BIDU) and served as an Executive Vice President and Chief Strategy Officer from 1999-2004. His main responsibilities involved private financing, sales and marketing, business and corporate development, corporate governance and general management.[11]

Venture capital and asset management

Xu is the founder and chairman of YIFANG Group Holdings Limited, an investment holding company, engaged in venture capital investments and asset management. Dr. Eric Xu Yong also serves as a board member for several technology start-up companies in China and the US. YIFANG Group Holdings currently invests in information technology, new media, bio-pharmaceuticals, healthcare and clean-technologies, etc.[12] It counts Allele Biotech, GC-RISE, BioHermes, Viatime Media, Kuwo and Baihe as its portfolio companies, among others. The YIFANG Group is also a limited partner of several world-class venture capital and private equity funds. Some partner funds include: Sequoia China, Tsing Capital, Morgan Stanley PE Fund.[13]

Philanthropy

Xu is the founder and chairman of three family philanthropic organizations: The Xu-Chen Family Foundation, a US 501(c)(3) exempt private foundation, The Xu Family Charitable Foundation Limited, a Hong Kong exempted private charitable foundation limited by guarantee, and YIFANG (Beijing) Foundation, a registered charity organization in Beijing, China.

The Foundations are grant-making organizations. Grants primarily go to support non-profit researches that may eventually spur policy change and/or adjustment. YIFANG (Beijing) Foundation will seek to commence investing in social enterprises in China in 2015. Dr. Eric Xu Yong founded the Foundations on the premise of promoting social equality in a professional and in-depth manner, supporting public philanthropy, and promoting the development of positive and sustainable welfare organizations and projects.[14]

Personal life

Xu is based in Beijing, and is married with two children. His parents are graduates of Beijing Normal University, and he has a brother who is an entrepreneur in the hotel business.

References

  1. ↑ "Yifang Ventures". http://www.yifangventures.com/EN/EN_AboutYifang.html. Yi Fang Ventures. External link in |website= (help);
  2. ↑ "Citizen Audit USA".
  3. ↑ "Xu Family Charitable Foundation Limited". Xu Family Foundation Limited.
  4. ↑ "Yifang Foundation (Beijing)". Yifang Foundation (Beijing). Retrieved April 2015.
  5. ↑ Sullivan, Lawrence; Liu, Nancy (2015). Historical Dictionary of Science and Technology in Modern China (1st ed.). 4501 Forbes Boulevard, Maryland: Rowman and Littlefield. p. 468.
  6. ↑ Sullivan, Lawrence; Liu, Nancy (2015). Historical Dictionary of Science and Technology in Modern China (1st ed.). 4501 Forbes Boulevard, Maryland: Rowman and Littlefield. p. 468.
  7. ↑ "Journeying Into Silicon Valley". Retrieved April 2015.
  8. ↑ "Bloomberg Business Company Profile". Bloomberg Business Company Profile. Bloomberg Business. Retrieved April 2015.
  9. ↑ "Journeying Into Silicon Valley". Retrieved April 2015.
  10. ↑ Sullivan, Lawrence; Liu, Nancy (2015). Historical Dictionary of Science and Technology in Modern China (1st ed.). 4501 Forbes Boulevard, Maryland: Rowman and Littlefield. p. 468.
  11. ↑ "Bloomberg Business Company Profile". Bloomberg Business Company Profile. Bloomberg Business. Retrieved April 2015.
  12. ↑ "Yifang Ventures Investment Mandate". Yifang Ventures. Retrieved April 2015.
  13. ↑ "Yifang Ventures Partnership and Investee List". Yifang Ventures Partnership and Investee list.
  14. ↑ "Xu Foundation Philosophy". Xu Foundation.

External links

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