Founder of China’s biggest online real estate platform passed away at 50
May 21, 2021, 10:28
Zuo Hui, founder and chairman of China’s biggest online real estate listings and transactions platform Beike Zhaofang, has died. He was 50.
Zuo, China’s 15th-wealthiest man with a net worth estimated at US$14.8 billion, died of an “unexpected worsening of [his] illness,” according to filing to the New York Stock Exchange, where shares of Beike, also known as KE Holdings, are listed.
“We are very saddened by the passing of Mr Zuo and extend our deepest sympathies to Mr Zuo’s family. Mr Zuo was our visionary founder and leader, and a leading figure in China’s housing transactions and services industry … we will move forward to execute on our strategy and growth initiatives, pursue our mission of admirable service, joyful living,” the company’s chief executive Peng Yongdong said in a statement.