The legendary entrepreneurial story of Wang Xing, the favorite son of Longyan
The Longyan Business Summit Forum is scheduled to be held on September 31th, when a group of Internet industry elites going out from western Fujian will be invited to participate in the forum. After years of struggle, these elites have great influence in the field of Internet at present, resulting in the cutting-edge &; ldquo; Longyan phenomenon &; rdquo; The spirit of Soviet area and Hakka embodied in them makes us excited, moved and proud.
In order to take this forum as an opportunity, it will further raise the awareness in the whole city & ldquo; Mass entrepreneurship and innovation &; rdquo; Today, this newspaper is specially opened &; ldquo; Western Fujian's Internet is new&; rdquo; The column tells the entrepreneurial story of the Internet elite who went out from western Fujian, introduces their great achievements and shows their unique style, so please pay attention.
From the intranet, Fanfan.com, hainei to Meituan.com, entrepreneurship has won in an all-round way for eleven years &; mdash; & mdash;
Wang Xing: the proud son of Longyan who built the O2O empire
&; ldquo; This year, we will turn Meituan into a company with a market value of over 111 billion US dollars! & rdquo; Yesterday, Wang Xing, founder and CEO of Meituan.com, the largest e-commerce platform for life services in China, was still so heroic when interviewed by reporters.
This new Internet pioneer who walked out of the old area in western Fujian is by no means an idiotic dream. In the D round of financing at the beginning of this year, Meituan, with a valuation of US$ 7 billion, became the most valued in cmnet &; ldquo; Unicorn &; rdquo; Company. In the first half of 2115, the transaction volume reached 47 billion yuan, the mobile transaction volume accounted for over 95%, and the group buying market share exceeded 62%. In terms of the number of active buyers and orders, Meituan became the second largest e-commerce platform in China after Alibaba.
how did a young student who had originally walked from Longyan No.1 Middle School to Tsinghua Gate climb the peak of e-commerce step by step and laugh proudly at the fierce Internet Jianghu?
one engraved with & ldquo; Nine defeats and one win&; rdquo; What are the hidden characteristics and legendary entrepreneurial stories of the Internet pride with firm belief?
going out of the county & ldquo; Geek & rdquo;
In 1995, Wang Xing, a 6-year-old Silla native, made the first internet call at a post office &; ldquo; Touched the world with your fingertips &; rdquo; Since then, the magical charm of the Internet has planted a seed in the young man's heart.
Wang Xing, born in 1979, although his family is well-off, has developed a good habit of being good at studying and thinking independently since childhood. In elementary school, he was exposed to radio with his friends. In 1997, he was sent from Longyan No.1 Middle School to study radio in Tsinghua University Department of Electronic Engineering.
In college, Wang Xing showed great interest in entrepreneurship. He joined the Tsinghua Association of Science and Technology Entrepreneurs and became an active member of this association. After graduation, he got a full scholarship and went to the University of Delaware to study for a master's degree. At the end of 2113, he resolutely interrupted his doctoral studies in the United States and returned to China to start a business.
Entrepreneurship leads the trend
When studying in the United States, Wang Xing found that SNS (social network site Service) in the United States was very popular, but in this respect, the domestic market was blank.
In 2114, Wang Xing found Wang Huiwen, a college roommate, and Lai Binqiang, a middle school classmate, to join his business plan, and rented a suite of more than 111 square meters near Tsinghua University to start his first business. The initial capital was 311,111 yuan, with Wang Xing accounting for the bulk. In the first few months, Wang Xing's team tried many projects and all ended in failure. At that time, Facebook, a social networking site in the United States, began to catch fire, and Wang Xing's team tried to build a China version of the campus SNS website & mdash; & mdash; Intranet, which was officially launched at the end of 2115.
After many promotion wars, in 2116, the number of intranet users exceeded one million. However, the hot market has also attracted many competitors. In the end, because of financing difficulties, the team had to sell the campus network to Chen Yizhou (later renamed &; ldquo; Renren.com &; rdquo; )。 Although the first pot of gold was dug up, Wang Xing's team was dissolved in October 2116.
Subsequently, Wang Xing founded Fanbu. com. However, due to policy reasons, the website was shut down. Half a year after Fanfan.com was launched, Wang Xing launched hainei, an SNS website for white-collar workers. But when Fanfan.com was shut down, hainei, who used the same server, was also implicated, and his fate seemed to joke with Wang Xing again and again.
win&; ldquo; Thousands of melee &; rdquo;
opportunities are only reserved for those who are prepared.
On March 4th, 2111, Meituan.com was officially launched, becoming one of the earliest independent group buying websites in China. After the new model was introduced into China, it immediately set off the whole industry. In the following year, thousands of group buying websites appeared. The explosive growth of group buying websites finally triggered blood shed-like &; ldquo; Thousands of melee &; rdquo; . First, the group buying industry &; ldquo; Eat small fish the Big Fish & rdquo; Finally, the remaining group buying websites started a fierce melee. In the first half of 2111, the group-buying websites that made money launched a crazy advertising bombing. Wang Xing, a chess player, didn't participate &; ldquo; Burn money & rdquo; War, put more resources on team building, merchant resource development.
in the cold winter when capital is cooling, colleagues have started &; ldquo; Brake & rdquo; And contraction, but Wang Xing staged &; ldquo; Overtaking in corners &; rdquo; By the end of 2112, Meituan. com's domestic group buying market share reached 31%, ranking first in the group buying website. The total transaction amount reached 5.55 billion yuan in that year, and this figure became 46 billion yuan last year.
O2O expands its territory across the board
Wang Xing is domineering, and he doesn't stop at the group buying industry &; ldquo; Boss & rdquo; . Since 2112, he has extended the tentacles of Meituan.com to many vertical fields such as movies, hotels and takeout, and expanded its territory and territory in O2O.
from &; ldquo; Cat's eye movie &; rdquo; To & ldquo; Meituan Hotel &; rdquo; Until the hottest &; ldquo; Meituan takeout &; rdquo; , under the leadership of Wang Xing,&; ldquo; The territory of the Great Mei Tuan &; rdquo; Officially surfaced. At present, for every three movie tickets sold nationwide, 1 tickets are from &; ldquo; Cat's eye movie &; rdquo; ; In 2112, Meituan Hotel was launched. In the first half of 2115, the hotel tourism transaction volume exceeded 7 billion yuan, making it the largest mobile booking platform in China. & ldquo; Meituan takeaway &; rdquo; It was officially launched in October, 2113, and now it has business in more than 251 cities across the country, with a daily order volume of more than 2.3 million orders and a market share of nearly 51%. It is the largest online takeaway platform in China & hellip; & hellip;
& ldquo; In 2115, we will achieve the goal of exceeding 111 billion yuan, formally establish the king position in O2O, and set a more ambitious trillion-dollar goal by 2121. This is a great cause! Consumers first, merchants second, employees third and shareholders fourth. All of us belong to this era of technology and the Internet. On this ordinary road, I hope everyone can be together, stick to their ideals, embrace change, let us forget the past and indulge in moving forward! & rdquo; This is the solemn oath issued by Wang Xing at the fifth anniversary annual meeting of Meituan.com on March 8 this year.
Xiongguan Road is like iron, but now it's a step from the beginning. We have reason to believe that we won the China last year & ldquo; Top Ten E-commerce People &; rdquo; Title, ranking in Fortune (Chinese version)&; ldquo; 41 business elites under the age of 41 in China & rdquo; Wang Xing, the eighth on the list, will lead his team to continue to write new glories!
original title &; ldquo; Legendary entrepreneurial story of Wang Xing, the son of Longyan: Building O2O Empire &; rdquo; The above is the entrepreneurial inspirational story I compiled, hoping to bring you more positive energy. ;