Xu Shihui (; born 1958) is a Chinese businessman, politician and a representative of the Fujian region at the

12th National People's Congress The 12th National People's Congress (NPC) was elected in national congressional conferences from October 2012 to February 2013 and was in session from 2013 to 2018. It succeeded the 11th National People's Congress. It held five plenary sessions ...

. He is the founder and chairman of

Dali Foods Group Dali Foods Group is a baked goods company in China. Its headquarters are in Hui'an County, Quanzhou, Fujian, China. Dali Foods is known for its low-cost snacks which are sold by more than 6,500 distributors across the country. Their best know ...

, a food and drink company. As of November 2023, he and his family was worth $7.9 billion.

Biography

Xu Shihui was born in

Hui'an () is a county under the jurisdiction of the prefecture-level city of Quanzhou, Fujian, People's Republic of China. It is situated in the middle of the Fujian coast, between Quanzhou and Meizhou Bay. The county has a population of 921,794, as o ...

, Fujian province. His father was a laborer. He got a job at Dali, cookie business in

Quanzhou Quanzhou is a prefecture-level city, prefecture-level port city on the north bank of the Jin River, beside the Taiwan Strait in southern Fujian, China, People's Republic of China. It is Fujian's largest most populous metropolitan region, wi ...

, when it was a collective and amassed shares by proving that he was a leader. This business would later become Fujian Dali Foods Group. He serves as group's chairman since 1992. He has served as a deputy to the National People's Congress since 2008. In 2013, he served as a deputy to the National People's Congress. In 2015,

was listed on

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. In 2016, he was ranked 20th in Forbes's China Rich List with a fortune of $6.3 billion. In 2019, he and his family had a fortune of $9.3 billion. In 2020, ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' estimated his net worth at US$8.8 billion. In July 2023, he announced the plan to delist the company from the Hong Kong Stock Exchange. In August, his plan was approved by shareholders. The deal was valued at $6.6 billion. He paid a premium of 38% on closing price.

Personal life

He lives in

, China. He is married to Chen Liling and has a daughter with her, Xu Yangyang, who is Dali's vice president.

References

{{DEFAULTSORT:Xu, Shihui 1958 births Living people Billionaires from Fujian Businesspeople from Fujian People from Quanzhou Chinese company founders Chinese food industry businesspeople