For most establishments, the costs of delivering food from their door to the customers made it unviable. But we are trying hard to collect all the information about him and will update you soon. He stands 1.69 m tall and weighs 72 kg. Xu Xun, popularly known as Tony Xu, is a Chinese-American business tycoon who co-founded and is the Chairman of an American company named DoorDash which deals with food. We learned a couple of interesting observations, he said. Insiders at DoorDash own 12.1% of the company. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. Tony Xu at Bloomberg News "DoorDash: Tony Xu". On this Wikipedia the language links are at the top of the page across from the article title. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . Johnson, Eric (January 9, 2019). This site uses Akismet to reduce spam. It helps me regulate my mind and body, which I think is why the habit stuck. The company also said it had changed the default drop-off option to contactless delivery. His mothers name Julie Cao was a specialist in China before moving to the United States of America where she worked in a cafe and rearranged many responsibilities to pay for her doctorate degree. His testimony, including admissions that he stole money, is likely to hurt him in future trials. [35] By August 2022, the stock was trading at $82 per share. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . He most recently served as a task director for McKinsey and Company and as a systems execution expert for applications such as eBay and PayPal. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. He is also referred to as a business investor and the director of food transportation administration DoorDash. "[77] DoorDash and GrubHub denied the suit's merits. Email. Difficult. DoorDash's fourth co-founder, however, is largely overlooked. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. Learn More on Tony Xu's contact information. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. His answer revealed the personal philosophy that drives his success. CtW Investment Group has written a letter to DoorDash shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors.. Xu is the co-founder, chairman and CEO of DoorDash and the only board member up for reelection during the company's upcoming shareholder meeting, set for June 22. From . + Add or change photo on IMDbPro . Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. Career. In the last year, insiders at the sold shares 40 times. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. 9 months. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. [11], In addition to DoorDash's board of directors,[15] Xu is a board member of the Silicon Valley Chinese Association Foundation and an executive council member of TechNet. Price Range (last 24 months) None Reported. About Tony Xu. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Tony Xu's . After graduating, he spent several years working in tech with the likes of McKinsey and eBay. Learn More on Tony Xu's trading history. At the time of the strike, and as of June 2022, DoorDash did not allow drivers to see the full tip amounts prior to accepting a delivery in the app. Truth be told, I find it hard to blame them. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. Tony Xu Biography. However, Forbes has estimated his net worth to be approximately $1.9 billion. To pursue its mission, DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Current positions of Tony Xu. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Learn how your comment data is processed. Xu married his wife Patti shortly after launching DoorDash. He is around 35 years old [Not Confirmed] as of 2020. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Learn More on DoorDash's active insiders. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. The couple, who met in church, share a two-year-old daughter named Olivia. They purchased a total of 573,500 shares worth more than $49,963,096.52. Xu is the CEO. [4] It also has a 60% market share in the convenience delivery category. Moderate. DoorDash Inc. is an American on-demand prepared food delivery service. 1. He is Chinese by Nationality. In the last year, DoorDash insiders bought shares 2 times. Xu was born in China but moved to the US with his family when he was 4. The accident took place near the city of Larissa as a passenger train collided head-on with a cargo train at high speed late on Tuesday night. We have no more information about his spouse. View the profiles of people named Tony Xu. In 2013, he married his better half, Patti Xu, in the chapel. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. The business has become a huge success in the travel industry, despite the recent issues, Read More 10 Things You Didnt Know About Frederic LalondeContinue, Maria Rioumine is the CEO and co-founder of Agora Systems, a platform that allows electrical contractors to eliminate procurement inefficacies using technology. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. His mother's name Julie Cao was a specialist in China before moving to the United States of America where she worked in a cafe and rearranged many responsibilities to pay for her . Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. [5][26], Xu enjoys running and used to participate in marathons. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Also, we have no idea about his brother and sister, and we dont know their names either. The Wall Street Journal When DoorDash went public in early 2021, its valuation soared to US$32 billion. After working on corporate development for the RedLaser e-commerce software, Xu began his career as an intern at Square, Inc., a startup in banking, finance, and digital payments. It would be the same household chore thats a bugbear for the rest of us. DoorDash, which employs about 350 people, is based in San Francisco. [79] By August 2019, the program had expanded to 25 cities in the United States and Canada and had delivered more than one million pounds of food. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. Ying Li - Wife; deceased. His father was a Chinese educator who received a Ph.D. in aeronautical design and applied science from the University of Illinois at Urbana-Champaign in the United States of America. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately. Tony Xu has been getting a lot of attention lately from virtual entertainment venues such as Facebook, Instagram, Twitter and YouTube where he has a large following of supporters. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. Xu enjoys running and has previously competed in marathons. Not much is known about his family and his personal Life. My least favorite thing to do is the laundry, he tells lifehacker.com. Xu was born in Nanjing, China. Frederic Lalonde is a North American businessman and entrepreneur. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. Hisreal name is Xu Xun. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. [7] His father was a professor in China who studied aerospace engineering and applied mathematics at the University of Illinois Urbana-Champaign,[1] where he earned his Ph.D.[7], Xu began working at an early age, at times washing dishes at the same restaurant where his mother worked. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. jQuery(document).ready(function($) { Stern, Joanna (December 13, 2019). He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. It incorporated as DoorDash in June 2013. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Without future ado, let's learn more about Tony Xu. Later, he pursued an MBA from the Stanford Graduate School of Business. Liked by Tony Xu. Tony Xu. We have no information about his girlfriend/boyfriend. Write Tony Xu' 1st recommendation. The Mandarin is just one of the . In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. [41] The company started operating in markets outside North America in 2019, officially launching in Melbourne, Australia, in September and later expanding further into the country. Occupation Xu started his career as an understudy at Square, Inc., a banking and money and automated installment startup startup, and later worked on business improvements for the online business application RedLaser. My moms story is one where she came to this country, she wanted to be a doctor, but the U.S. didnt recognize her license because we immigrated from China. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Meta Platforms, Inc. He hails from Nanjing, China. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. In February 2021, 55% of DoorDash's drivers were women. They have two children together. In late 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. According to his colleagues, Xus leadership style can be ruthless although as ft.com notes, unlike certain other notorious disrupters in Silicon Valley, he never fails to be fair. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. . [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Jackson Norriss told Trevor Slattery that the real Mandarin wasn't happy that he appropriated his name and Slattery was to be taken to him to face his punishment. Mr. Xu is currently 38 years old. In 2021, Xu and his wife signed the Giving Pledge. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Also, we have no information about his son and daughter. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. Tony Xu. He and his younger sister were raised by their mother after his father left them. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. They sold a total of 800,309 shares worth more than $63,347,607.21. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. [1][10], Early in his career, Xu interned at the financial services and digital payments company Square, Inc. and completed business development work for the e-commerce app RedLaser. Initially, he and other DoorDash employees were transporting food. Tony Xu's largest sale order was 80,000 units, worth over . [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. The mothers name is Not Available. Xu was born in Nanjing, situated in China. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. Find out more as we take you through ten things you didn't know about Tony Xu. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. 35 ] By March 2019, it had exceeded GrubHub in total sales, at %! An undergraduate degree from the article title couple of interesting observations, he and other DoorDash employees transporting! ( function ( $ ) { Stern, Joanna ( December 13, is 37 years old as of,. Of it were raised By their mother after his father left them couldnt put her through School teach. Ceo, and discuss common interests his career, Xu interned at Square,,. 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