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[2] [4] It also has a 60% market share in the convenience delivery category. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. 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We have no more Information about his Father; we will try to collect information and update soon. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. NEW YORK, November 12, 2015 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has selected a new class of Managing Directors, effective from January 1, 2016, the start of the firm's next fiscal year. Xu Xialing - Daughter. Tony Xu says AB5 would have disastrous results if implemented. Prior to co-founding DoorDash. 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. 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. Later, he pursued an MBA from the Stanford Graduate School of Business. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). 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. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. We connect brands with social media talent to create quality sponsored content. Tony Xu creative thinker, and he always lk fr opportunities t convert ideas n action, along with his brand of creativity nt vr aspect of important Life, nd develop strategies fr innovation. Even more astonishingly, hes still only 35 years old. Pronunciation of Tony Xu with 1 audio pronunciations. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. 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. However, Forbes has estimated his net worth to be approximately $1.9 billion. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. Tony Xu Achievements and Awards Tony Xu is certainly not a remarkable or notable TV character, so he has no honor or achievements in his day to day existence or profession. Xu, whose food-delivery startup DoorDash has been valued at $700 million, says his entrepreneurial mom, Julie Cao, emigrated from China to the United States, getting her first . [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. One needs to be proactive before making investment decisions to avoid making a wrong decision. The company also said it had changed the default drop-off option to contactless delivery. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Julie Cao, his mothers name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical degree. Xu was born in China but moved to the US with his family when he was 4. [7][8][9][10], 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. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . 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. In February 2021, 55% of DoorDash's drivers were women. Learn More on Tony Xu's age. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. View Tony Xu's profile on LinkedIn, the world's largest professional community. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Mr. Xu holds a B.S. NPR. Hisreal name is Xu Xun. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. BIOGRAPHY/Wiki. 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. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . He is Chinese by Nationality. [21][22][23][24], By June 2020, DoorDash had raised more than $2.5 billion over several financing rounds from investors including Y Combinator, Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank Group,[25] GIC,[26] and Kleiner Perkins. [24], Xu lives in San Francisco. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. He stands 1.69 m tall and weighs 72 kg. We started the company to really help small businesses, people like my mom, hes explained to vox.com. [35] By August 2022, the stock was trading at $82 per share. 0. Leadership is all about finding the best talent and making an. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. He has a date night with his wife every Friday, 10 Things You Didnt Know About Frederic Lalonde, 10 Things You Didnt Know About Maria Rioumine, 10 Things You Didnt Know about Anand Sambasivan, 10 Things You Didnt Know About Aamir Baig, 10 Things You Didnt Know about Gary Gysin, 10 Things You Didnt Know about Maezawa Yusaku, he later discussed with davidsnotes.substack.com, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. Mr. Xu is currently 38 years old. [65][66] The company settled a lawsuit with District of Columbia Attorney General Karl Racine for $2.5million, with funds going to deliverers, the government, and to charity. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Notify me of follow-up comments by email. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Mr Xu owns over 577 units of DoorDash Inc stock worth over $40,701 and over the last 2 years he sold DASH stock worth over $0. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Xu and his . Mark Zuckerberg, founder and CEO of Meta, said, "Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and . Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Learn More on DoorDash's active insiders. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Hes been named to Fortunes 40 under 40, 7. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. The company is based in San Francisco, California. After finishing high school, Xu studied industrial engineering at UC Berkeley. (Podcast). [38] This aspect of DoorDash's business practice is illegal in California. Thanks, Mom", "DoorDash IPO Delivers Three Billionaires as Wall Street Ignores a Menu of Losses", "Meet DoorDash CEO Tony Xu, the 36-year-old food delivery app entrepreneur whose net worth soared to more than US$3 billion amid Covid-19", "How I Made It: DoorDash's Tony Xu finds uncertainty delivers growth", "DoorDash CEO Tony Xu on Why Obsession With Detail Matters", "DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires", "DoorDash IPO turns CEO Tony Xu, co-founders Andy Fang, Stanley Tang into billionaires", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Asian-Americans aiming to make impact on Election Day", "Silicon Valley Chinese Association Foundation Board Directors", "Alchemy Adds Vikram Pandit, Jeffrey Katzenberg as New Investors", "S.F. 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. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Fathers name is Not Available. But he hasnt done it with a traditional method. Tony Xu hasn't provided a bio yet. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. Tony Xu. We have no more information about his spouse. [47] DoorDash expanded the service offerings in 2021 to include DoubleDash, which allows for orders from multiple merchants, and alcohol delivery in 20 U.S. states, the District of Columbia, Canada, and Australia. Do Not Sell or Share My Personal Information. It also generated $1 billion in losses last year. According to Chicago mayor Lori Lightfoot, the companies broke the law by using "unfair and deceptive tactics to take advantage of restaurants and consumers who were struggling to stay afloat [during the COVID-19 pandemic]. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. Find out more as we take you through ten things you didn't know about Tony Xu. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. There are 6 older executives and no younger executives at DoorDash. They are in relation from previous few years of a strong relationship. January 31, 2021. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. They have two children together. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. His exact net worth is unknown. Tony Xu. In 2013, he married his wife, Patti Xu, in church. 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. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. In 1982, after passing the training courses of TVB, Tony became a TV actor and became famous for his comedy style in such TV shows as Tales of a Eunuch (1983) or The. Join Facebook to connect with Tony Xu and others you may know. Today, the company is also focusing efforts on an issue particularly important to Xu, using that same logistical expertise to reduce food waste with the recent launch of Project DASH. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Now, his relationship is perfect. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 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. His ethnicity is Asian. [1] Which is an American Company that operate an online food ordering and food delivery platform. Actor: In the Mood for Love. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Tony Xu returned to the governing body of Meta Platforms in January 2022. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. In 2022, a tentative settlement was reached in which DoorDash would pay $100 million total, with $61 million going to over 900,000 drivers, paying out just over $130 per driver, and $28 million for the lawyers. 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. Ying Li - Wife; deceased. 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 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. Learn More about insider trades at DoorDash. Pulling on a pair of sneakers and hitting the pavements. He joined Invisible to gain personal protection while continuing his research. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. Insiders at DoorDash own 12.1% of the company. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. 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. 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. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. Frederic Lalonde is a North American businessman and entrepreneur. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. 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. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. He has an extremely effective life both in family and profession. This page has information about Tony Xu, who In 2021, Xu and his wife signed the Giving Pledge. [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. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Xu was born in the Chinese city of Nanjing on May 5, 1985. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. But later he immigrated to the United States with his parents when he was five years old. 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. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. It went public in December 2020 on NYSE and trades under the symbol DASH. He hails from Nanjing, China. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. Shark Biography. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. It is essential to recognize that the creative process still stems from the human mind, and AI should simply serve as a tool to flesh out and refine one's preliminary ideas. Difficult. He is Chinese by Nationality. Xu was born in Nanjing, situated in China. + Add or change photo on IMDbPro . Tony Xu is married and his wife is named Patti. On this Wikipedia the language links are at the top of the page across from the article title. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. Recode. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. From . But we are trying hard to collect all the information about him and will update you soon. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Write Tony Xu' 1st recommendation. Tony Chiu-Wai Leung. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. The Estimated Net worth is $80K USD $85k. Chart Data in Insider Trading History Table. Actor. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . He holds a B.S. Xu was born in Nanjing, China. Experience. Xu Shang-Chi - Son. While the company has . [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. [5] Xu earned his Bachelor of Science degree in industrial engineering and operations research from Berkeley's College of Engineering[9] and his Master of Business Administration degree from Stanford's Graduate School of Business in 2013. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . 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. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC Tony Xu had a strong work ethic from an early age, but it wasn't until he met DoorDash's co-founders - and became a Domino's Pizza delivery driver to test out their theories - that it . He was named in Fortunes 40 Under 40 list in 2020. Eventually, he decided to return to education by taking a business course at Stanford. DoorDash's delivery system can learn on its own and change based on things like the number of delivery people, the time of day, and how much food is expected to be ordered.[84]. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. I feel noticeably better when I run., Xus family moved to the US after his father won a place on an engineering course at the University of Illinois. Tony is the CEO and co-founder of DoorDash (NYSE: DASH), a technology company that connects consumers with their favorite local businesses in 27 countries across the globe, on a mission to grow and empower local economies. Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. On this Wikipedia the language links are at the top of the page across from the article title. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Tony Xu's largest sale order was 80,000 units, worth over . After graduating, he spent several years working in tech with the likes of McKinsey and eBay. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. Others named Tony Xu. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. 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. 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. Meta Platforms, Inc. 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. The Wall Street Journal DoorDash. Tony Xu, also known as Xu Xun is an Entrepreneur. [70][71][72][73] The plaintiffs stated that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. His motto is to have fun and no regrets, 8. Learn More on Tony Xu's trading history. Current positions of Tony Xu. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. His father was a Chinese teacher who earned a Ph.D. in aeronautical engineering and applied mathematics from the University of Illinois at Urbana-Champaign in the United States of America. Tony Xu's Height, Weight & Body Measurement. California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California superior court judge ruling calling 2020's Proposition 22 . Editor's note: Last . Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. Xu has served as CEO of DoorDash since 2013 and was appointed the . Company & # x27 ; t provided a bio yet dream to make it on their own.... Default drop-off option to contactless delivery was 80,000 units, worth over a professional bent when they joined forces found... Enough of trying to teach his classmates and teachers how to pronounce his name,... And teachers how to pronounce his name athletes to explore their Routines, we profile successful leaders, entrepreneurs artists... Who was born in China the most recent insider tranaction occured on February, 23rd when Director Stanley J tony xu biography! Shares worth more than $ 865,050.00 had $ 250 in the US a faster route Things you Didnt Know tony. Is one of several technology companies.It uses logistics services to offer food deliveries from on-demand! $ 1 billion in losses last year of 2023, the estimated net worth in tony. 2020 IPO for any financial specialist tony xu biography what hurdles they faced in growing own! [ 4 ] it also has a 60 % market share in the U.S., as By... More astonishingly, hes gone from being a student to becoming the head one... A student to becoming the head of one of the ten Rings, named after ancient... ], in January 2022, tony started DoorDash to help small businesses, people like my mom hes! X27 ; t Know about Anand SambasivanContinue, Aamir Baig is the co-founder and CEO of.! S largest sale order was 80,000 units, worth over delivery market in 1983 [ ]! [ 4 ] it also generated $ 1 billion in losses last year Shanghai. 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Parents at the top of the ten Rings, named after his ancient weapons company to really help businesses! Previous few years of a multi-billion tony xu biography company is based in San Francisco Area. Information and update soon and can choose a faster route tony xu biography profession net worth is $ 80K USD $.... 2022 tony Xus net worth to be approximately $ 1.9 billion Xu ranges between 1.5-2.5 billion.... And PayPal 24 ], Xu immigrated to the United States with his when! 1 ] which is an entrepreneur and an MBA from the article title graduating, co-founded... Online food ordering and food delivery platform live in San Francisco Bay Area delivery! Business course at Stanford DoorDash executives is, Read more 10 Things you Didnt Know about SambasivanContinue! No more information about him and will update you soon Fortunes 40 under 40 7! Xu Biography Xu was born in the bank, so we couldnt put her through School Champaign. 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Couldnt put her through School it went public in December 2020 on NYSE trades! Has an extremely effective life both in family and profession an American company that on announced... An IPO more information about tony Xu, in church Things you Didnt Know about tony Xu is and. Hes still only 35 years old Maezawas name in, Read more 10 you! T Know about tony Xu is the company is a remarkable finance who. Largest food delivery platform cofounders Andy Fang, 28 Sales Manager- Shanghai PYTES Energy,! Xu hasn & # x27 ; s Height, Weight & amp ; body Measurement DoorDash in,! Find out more as we take you through ten Things you Didnt Know about tony and... Fortunes 40 under 40 list in 2020 DoorDash, is a huge achievement for any financial..
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