HEAD OF THE DAY
🇨🇳 Zhu Yi
💊 From immunology lecturer to pharma pioneer: Zhu Yi, chairman of Chengdu-based Biokin Pharmaceutical, took the company public in Shanghai in 2023 and, via U.S. subsidiary SystImmune, inked an $8.4B licensing deal with Bristol Myers Squibb for a new cancer therapy. The market is moving the same way: U.S. biotechs are adding China-developed assets to their pipelines and pushing global development. Today, Zhu’s net worth stands at $12.4B.
👉 Lesson learned: “Made in China, scaled in the U.S.” is the new biotech playbook. Leverage China’s speed and cost advantages, then pursue validation, approvals, and capital on global markets.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
