Xu Shihui
{{short description|Chinese billionaire businessman and politician (born 1958)}}
{{family name hatnote|Xu|lang=Chinese}}
{{Infobox person
| name = Xu Shihui
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| birth_name = 許世輝
| birth_date = {{birth year and age |1958}}
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| nationality = Chinese
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| occupation = Chairman, Dali Foods Group
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| spouse = Chen Liling
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| children = Xu Yangyang
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}}
Xu Shihui ({{zh|t=許世輝|poj=Khó͘ Sè-hui}}; born 1958) is a Chinese businessman, politician and a representative of the Fujian region at the 12th National People's Congress.
He is the founder and chairman of Dali Foods Group, a food and drink company. As of November 2023, he and his family was worth $7.9 billion.{{Cite web |last=WANG" |first="JANE HO"," YUE |title=China’s 100 Richest 2023 |url=https://www.forbes.com/lists/china-billionaires/ |access-date=2024-01-30 |website=Forbes |language=en |archive-date=2022-04-09 |archive-url=https://web.archive.org/web/20220409005707/https://www.forbes.com/lists/china-billionaires/ |url-status=live }}
Biography
Xu Shihui was born in Hui'an, Fujian province. His father was a laborer.
He got a job at Dali, cookie business in Quanzhou, when it was a collective and amassed shares by proving that he was a leader.{{Cite web |last=Flannery |first=Russell |title=From Cookies To A Snack Empire: Dali Foods' Chairman Xu Shihui Is Worth $6.3 Billion |url=https://www.forbes.com/sites/russellflannery/2016/10/26/from-cookies-to-a-snack-empire-dali-foods-chairman-xu-shihui-is-worth-6-3-billion/ |access-date=2024-01-30 |website=Forbes |language=en |archive-date=2021-12-26 |archive-url=https://web.archive.org/web/20211226095820/https://www.forbes.com/sites/russellflannery/2016/10/26/from-cookies-to-a-snack-empire-dali-foods-chairman-xu-shihui-is-worth-6-3-billion/ |url-status=live }} This business would later become Fujian Dali Foods Group. He serves as group's chairman since 1992.{{cite web|title=Xu Shihui Chairman/CEO/Founder, Dali Foods Group Co Ltd|url=https://www.bloomberg.com/profiles/people/18673227-shihui-xu|website=Bloomberg|access-date=3 March 2016|archive-date=6 March 2016|archive-url=https://web.archive.org/web/20160306071802/http://www.bloomberg.com/profiles/people/18673227-shihui-xu|url-status=live}}
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.{{Cite web |title=Representative Information |url=https://web.archive.org/web/20140407063537/http://www.npc.gov.cn/delegate/viewDelegate.action?dbid=111071}}
In 2015, Dali Foods Group was listed on Hong Kong Stock Exchange.{{cite web |title=Dali Foods Listing Mints Fujian Family As One Of China's Richest With $7.5 B Fortune |url=https://www.forbes.com/sites/russellflannery/2015/11/20/dali-foods-listing-mints-fujian-family-as-one-of-chinas-richest-with-7-5-b-fortune/#7a37fa8456f5 |access-date=9 September 2016 |work=forbes.com |archive-date=28 August 2016 |archive-url=https://web.archive.org/web/20160828235544/http://www.forbes.com/sites/russellflannery/2015/11/20/dali-foods-listing-mints-fujian-family-as-one-of-chinas-richest-with-7-5-b-fortune/#7a37fa8456f5 |url-status=live }}
In 2016, he was ranked 20th in Forbes's China Rich List with a fortune of $6.3 billion.{{Cite web |last=Flannery |first=Russell |title=2016 Forbes China Rich List (Full List) |url=https://www.forbes.com/sites/russellflannery/2016/10/29/2016-forbes-china-rich-list-full-list/ |access-date=2024-01-30 |website=Forbes |language=en |archive-date=2023-05-29 |archive-url=https://web.archive.org/web/20230529003559/https://www.forbes.com/sites/russellflannery/2016/10/29/2016-forbes-china-rich-list-full-list/ |url-status=live }}{{Cite web |last=Staff |first=The |date=2016-10-30 |title=Number of Chinese Billionaires up Nearly 20% in 2016 |url=https://www.brandinginasia.com/china-billionaires-rises/ |access-date=2024-01-30 |website=Branding in Asia |language=en-US |archive-date=2024-01-30 |archive-url=https://web.archive.org/web/20240130144842/https://www.brandinginasia.com/china-billionaires-rises/ |url-status=live }} In 2019, he and his family had a fortune of $9.3 billion.{{Cite web |title=These are the 21 richest billionaires in China |url=https://www.businessinsider.in/miscellaneous/these-are-the-21-richest-billionaires-in-china/slidelist/68292158.cms |access-date=2024-01-30 |website=Business Insider |archive-date=2024-01-30 |archive-url=https://web.archive.org/web/20240130144742/https://gum.criteo.com/syncframe?origin=publishertag&topUrl=www.businessinsider.in#slideid=68292173 |url-status=live }} In 2020, Forbes estimated his net worth at US$8.8 billion.{{cite web|title=Xu Shihui|url=https://www.forbes.com/profile/xu-shihui/|access-date=14 December 2020|website=Forbes|archive-date=14 November 2020|archive-url=https://web.archive.org/web/20201114105553/https://www.forbes.com/profile/xu-shihui/|url-status=live}}
In July 2023, he announced the plan to delist the company from the Hong Kong Stock Exchange.{{Cite web |last=Harvey |first=Simon |date=2023-07-04 |title=Dali Foods Group founder and chairman tables takeover bid |url=https://www.just-food.com/news/dali-foods-group-founder-and-chairman-tables-takeover-bid/ |access-date=2024-01-30 |website=Just Food |language=en-US |archive-date=2024-01-30 |archive-url=https://web.archive.org/web/20240130144728/https://www.just-food.com/news/dali-foods-group-founder-and-chairman-tables-takeover-bid/ |url-status=live }}{{Cite news |date=2023-07-03 |title=Chinese Cookie Tycoon Gains $1.2 Billion in Taking Firm Private |url=https://www.bloomberg.com/news/articles/2023-07-03/chinese-cookie-tycoon-gains-1-2-billion-in-taking-firm-private |access-date=2024-01-30 |work=Bloomberg.com |language=en |archive-date=2023-07-04 |archive-url=https://web.archive.org/web/20230704105851/https://www.bloomberg.com/news/articles/2023-07-03/chinese-cookie-tycoon-gains-1-2-billion-in-taking-firm-private |url-status=live }} 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.{{Cite web |last=Wang |first=Yue |title=Chinese Snack-And-Beverage Giant Dali Foods To Delist From Hong Kong After Prolonged Share Price Slump |url=https://www.forbes.com/sites/ywang/2023/08/24/chinese-snack-and-beverage-giant-dali-foods-to-delist-from-hong-kong-after-prolonged-share-price-slump/ |access-date=2024-01-30 |website=Forbes |language=en |archive-date=2024-01-30 |archive-url=https://web.archive.org/web/20240130144854/https://rtgcloudsql.2trk.info/rtgban?bannerparam=size=728::cmpId=64197::bmpclickURL=https://adclick.g.doubleclick.net/aclk%3Fsa%3DL%26ai%3DCs9RYVQy5ZY60KoiNuvQPkJ-2oAXS3-GBc-OVi5L0EcCNtwEQASAAYKECggEXY2EtcHViLTQxMTE3NjM0NDgyMjA4NzPIAQmoAwHIAwKqBPoCT9ChgEkHn9DJ09FDblim6_2hus9m_Xeh8HYbSngpoOMvHyVgjzKImT0baSZuLbr5ZP5Mre1E9ADeXinaPkrLfh7wnRtHVQyM5r3CST6lCSwdy-23XJ8yiGlpqHSpIXNRV8EsZllyj_LmmGYpl6p_4RET4bFkGvKZwkAG51Af0FlU3iPFxDeoSGFGxZ25rR2WOoDnewkEWaofGEgyozqjJsrzvgxa7nrnk80ykibqCFjlowu5G9bQddB6X2UAaefqKV3pfc9Sly86m-Fd9ullde0jcMMwcMfw56f1CMEI3Io5p1RiijVBLUCk40TGuPtI99wnZuamEEOuNYfXLtPbon0Mpa7YBPcPzeaEkKnw_IFymIt5EgrX7TAJJnaaqNTgsHhe-uQE0oKgPeGzLbAAZ-LcNdkStEUzE7dgOZ8Lm9XrqVAWOn4VIO3Z6vk1xGcErTpPBGy3yzggpRPMT-GFrTKh3hBo4o-pCuTSLzNPLO34PySUiD4q6W9XgAa04eiagfSa9yKgBiGoB6a-G6gHltgbqAeqm7ECqAeDrbECqAf_nrECqAffn7EC2AcA0ggdCIBhEAEyAooCOgSAQIBASL39wTpYxpra462FhAP6CwIIAYAMAdAVAYAXAQ%26num%3D1%26sig%3DAOD64_1_SPC3bNHinzEhzLYwBgvd3iv5Gg%26client%3Dca-pub-4111763448220873%26adurl%3Dhttps%3A%2F%2Fban.2trk.info%2Fclick%3FrequiredParams%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%253Bdurl155%3D::scm0=bid_~CM.64197~SZ.728~TS.pdx~dv.3~BI.152655786425~DI.~ST.25_::exch=pdx::bS=ce3c1d19-2a2c-4e17-87e5-64f239ba9adc::bamt=ZbkMVQAKmg4IjoaIAA2PkCHkx0wEni1z9s2ohw::ppid=::btm=1706626133815::mid=CAESEGWiH7AqUt3Q2zAP55pv5JE::cl=::geo=USA::ref0=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fywang%2F2023%2F08%2F24%2Fchinese-snack-and-beverage-giant-dali-foods-to-delist-from-hong-kong-after-prolonged-share-price-slump::pageID=126570279::dT=OA::mode=ifrme::devid=3::r1=100::label=default::as=4::winprice=ZbkMVQAKmg4IjoaIAA2PkCHkx0wEni1z9s2ohw::bt=1::ul15= |url-status=live }}
Personal life
He lives in Quanzhou, China. He is married to Chen Liling and has a daughter with her, Xu Yangyang, who is Dali's vice president.{{Cite web |title=Xu Shihui |url=https://www.forbes.com/profile/xu-shihui/ |access-date=2024-01-30 |website=Forbes |language=en |archive-date=2024-01-30 |archive-url=https://web.archive.org/web/20240130144849/https://www.forbes.com/profile/xu-shihui/ |url-status=live }}
References
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Category:Billionaires from Fujian
Category:Businesspeople from Fujian