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People & Culture

Even Chinese billionaire Kathy Xu Xin struggles to buy milk and bread under Shanghai’s coronavirus lockdown

  • A screen shot of a message from Kathy Xu Xin, ‘China’s venture capital queen’, asking how to buy bread and milk went viral this week
  • The city’s 25 million residents are under a hard lockdown as the government tries to stamp out the latest virus outbreak

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Under Shanghai’s lockdown, even billionaires like China’s ‘venture capital queen’ Xu Xin are reportedly resorting to neighbourhood trading groups to source basic staples like bread. Photo: Handout
Alice Yan

While residents in Shanghai try a variety of novel ways to buy daily essentials during the city’s coronavirus lockdown, billionaires it seems are no exception.

The city recorded 19,982 Covid-19 cases yesterday, setting a daily record for the sixth day in a row, as the city’s 25 million residents remain under a hard lockdown as authorities struggle to contain the virus and carry out mass testing.

On Thursday a screen capture of a message by Kathy Xu Xin, dubbed as “China’s venture capital queen”, asking for ways to buy bread and milk for her family went viral on social media app WeChat.

The 55-year-old entrepreneur, who was ranked 71 in the World’s Best Venture Capital Investors In 2021 by Forbes, lives in a high-end villa compound in the city’s Pudong District.

The orginal message from Kathy Xu Xin requesting help finding milk and bread that has since gone viral. Photo: www.ithome.com
The orginal message from Kathy Xu Xin requesting help finding milk and bread that has since gone viral. Photo: www.ithome.com

“Can any neighbour introduce me to the bread buying group? My family has a lot of people. We need bread and milk. Thank you,” the founder and president of independent private equity firm Capital Today wrote on WeChat.

After a neighbour said she could connect Xu to the group, a woman named Fiona Yu Fang who is also an equity investor asked, “Is that you President Xu?”

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