YuTree Technologys Wang Xingxing is expected to have a net worth exceeding 20 billion.

On August 6, Yushu Technology released an announcement for its initial public offering and listing on the Science and Technology Innovation Board. The issue price is 150.80 yuan per share, with a total of 40.4464 million shares being issued, resulting in a total share capital of 404.5 million shares after the offering. Yushu Technology's initial market capitalization is nearly 61 billion yuan. The prospectus shows that prior to the offering, the founder Wang Xingxing directly and indirectly held a combined total of 33.3583% of the shares. Calculating this, Wang Xingxing's wealth reaches 20.35 billion yuan.