Monday, 24 June 2024

Eric Xu Yong, Co-Founder, Baidu

Hong Kong

Champion's Profile

Net Worth: $15. 3 billion Eric Xu Yong 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 Capital, an investment holding company engaged in venture capital investments and asset management activities. He also founded several family philanthropic organizations including The Xu Family Charitable Foundation Limited, Yifang Foundation, and Zhengyu Education Foundation.



Description and impact

The Foundation was founded in July 2012, is a non-public grant-making foundation registered in Hong Kong, China, with initial funding of $22 million. The Foundation subsidizes public welfare programs and non-governmental public welfare organizations which are in line with social welfare, promote social justice or conductive to social development. The Founder Dr. Xu Yong, founded the Foundation on the basis of practicing corporate social responsibility. Dr. Xu is dedicated to promoting development of social welfare charity in a professional and in-depth manner, supporting public philanthropy, and promoting the development of positive and sustainable welfare organizations as well as projects.