From the Editor

Last Updated Mar 10, 2026, 1:01am EDT

  • Wu Guangming is founder of China's Jiangsu Yuyue Medical Equipment and Supply, which is chaired and run by his son Wu Qun.
  • The company supplies medical equipment such as rehabilitation machines, oxygen tanks and diagnostic equipment.
  • In 2008, the elder Wu took the company public on the Shenzhen Stock Exchange.
  • Wu was born to a fisherman's family, and cofounded the predecessor of Yuyue with his father in 1990s.
Wealth History
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Personal Stats

Age
64
Source of Wealth
Medical equipment, Self Made
Residence
Danyang, China
Citizenship
China
Marital Status
Married
Children
1
Education
EMBA, China Europe International Business School
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More on Forbes

Nov 25, 2015

Alibaba Partner's Medical Equipment Arm Aims To Raise $438M For Expansion

China billionaire Wu Guangming-controlled Jiangsu Yuyue Medical Equipment and Supply plans to sell up to 100 million new shares, raising 2.8 billion yuan, or $438 million, to help pay for new manufacturing facilities to supply China’s growth healthcare-related market. Shenzhen-listed Yuyue Medical said the money would help pay for construction of [...]