On August 19, Yushu Technology officially listed and began trading on the STAR Market, opening with a surge of over 500%, bringing its market value to over 350 billion yuan. According to the prospectus, Wang Xingxing, the chairman, general manager, and chief technology officer of Yushu Technology, directly holds 86.714964 million shares, accounting for 21.4395% of the company's total equity after the issuance. Before the issuance, Wang also indirectly held 9.5367% of the company's shares through the equity incentive platform Shanghai Yuyi. In total, his direct and indirect shareholding is approximately 30%, with a market value exceeding 100 billion yuan, making him the richest individual born after the 1990s. According to the 2025 list of post-90s entrepreneurs published by New Fortune magazine, Liu Jingkang, founder of Yingstone Innovation, became the new richest post-90s individual with a fortune of 20.2 billion yuan. (Source: Caixin)
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Yushu Founder Wang Xingxing's Wealth Exceeds 130 Billion, Becomes New Richest Post-90s
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