Wang Xing was born in Longyan, Fujian in 1979. His father, Wang Miao, was the boss of a well-known cement factory at that time, and he was worth hundreds of millions. It can be said that Wang Xing is a veritable "rich second generation".
The affluent life didn't make Wang Xing like other "rich second generation", being lazy, unlearned and living a life of indulging in consumption and profligacy. On the contrary, he was what his parents called "someone else's child" since he was a child. He was not only a typical "Miyoshi" student, but also was sent to Tsinghua University in Longyan No.1 Middle School in Fujian, where he studied in the Department of Electronic Engineering in Tsinghua University. During his stay in Tsinghua, he not only got excellent grades, but also took an active part in extracurricular activities. He joined the dance team of Tsinghua Student Art Troupe and danced a traditional folk dance called "Huangtuhuang". Topless, with a chest drum tied to his chest and a pair of coarse trousers. It expresses China people's love for the loess land and dances wildly on the loess land. generate shows high fighting spirit and optimistic spirit.
After graduating from Tsinghua with a scholarship in 21, Wang Xing chose to go to the United States for further study, and studied for a doctorate in the Department of Electronic and Computer Engineering at the University of Delaware. But at the beginning of 24, 25-year-old Wang Xing chose to give up his doctorate and resolutely decided to return to China to start a business. In his words, "At that time, I had nothing but ideas and courage. After I finished my undergraduate course, I went to the United States. I had no social relations except my classmates. When I came back, I found a college classmate, a high school classmate and three people groped in the dark."
Wang Xing's first project is called "Duoduoyou", which is a typical social website. You need to register and fill in some personal information and nicknames. Users can make more friends through this website. The core idea of this project is to make friends through friends. In fact, the SNS (Social Networking Service) website follows the small world theory. Although the world is large and crowded, in fact, any two people can be connected through the relationship of six friends.
After that, Wang Xing started his second project "Youzitu", which is a highly targeted service-oriented website. When Wang Xing was studying abroad, he deeply felt that the digital technology abroad was very developed. Because his parents were not used to surfing the Internet, Youzitu allowed overseas travelers to send digital photos to China, and paid by credit card. Youzitu was responsible for printing and sending them to their parents.
Although Duoduoyou and Youzitu both attracted some users, they never found a stable profit point and ended in failure.
He learned a lot from his previous two failed ventures. Wang Xing, who came back from abroad, always believed that SNS still had a lot of room for development. This time, he chose to focus on a market segment: SNS on university campus. In 25, Wang Xing studied and studied the successful experience of Facebook, combined with the previous experience and lessons of Duoyou and Youzitu, and combined with the national conditions of his country, he founded the "Campus Network". In just three months after its launch, the intranet attracted 3, users, which grew very rapidly.
After the intranet was acquired, Wang Xing publicly quoted a famous speech by former British Prime Minister Winston Churchill to express his attitude:
"This is not the end. It is not even the beginning of the end. But it is perhaps, The end of the beginning. "
After another entrepreneurial failure, Wang Xing started his new entrepreneurial project, and started Fanbu on May 12th, 27. This time, he learned from American Twitter and made a localized Twitter.
The name Fanbu has a historical allusion, that is, "Lian Po is too old to eat", and it was later extended to China people to meet and say hello "Did you eat today". At first, they looked through the dictionary for almost a week and couldn't figure out the name of the website. All the good domain names were registered. Later, a person came up with an idea, wrote a program according to the arrangement and combination of initials and finals, checked the domain name registration while running on the server, and finally chose Fanbu.com. This domain name is unregistered, and it only costs 6 yuan every year.
Although the prospect of this project is very good, after a few months, the website still hasn't improved. Instead, Sina Weibo, which was launched two years later and also imitated Twitter, quickly spread all over China. In fact, Fanfan is not without development prospects, because with the release of iPhone by Steve Jobs, the arrival of the era of mobile Internet and the popularity of smart phones, more and more users like to post instant messages on their mobile phones, which is also the reason why Weibo can quickly become popular. However, Wang Xing worked for several months, but when he saw the slow development, he lost patience. He put it aside to grow naturally and turned to a new website, "hainei".
hainei is positioned as a social networking site for white-collar workers, and hainei provides services such as personal space, mini blog, photo album, group, radio, alumni record, friends trading and movie reviews. However, he never found the breakthrough point of this website, and was finally successfully broken through by Kaixin.com relying on small games. That is, people are busy stealing vegetables, grabbing parking spaces and having fun on Kaixin.com in their spare time.
After hainei was frustrated, Wang Xing looked back and saw that Fanfan had developed well, so he picked it up and started again. In the first half of 29, the number of users of Fanfan successfully exceeded one million. However, due to lax content control, IP was shut down and banned a few months later.
Because he didn't know when Fanfan.com would be operational again, Wang Xing began to seek new projects, browsing various websites every day, learning and watching the latest products. This time he turned his attention to Groupon in the United States.
Groupon is a group buying website, which was one of the new popular models in America at that time. Groupon is a homonym for coupon, which means coupon. After studying Groupon, Wang Xing felt that there should be a great market demand in China, because many small-scale businesses with a sales radius of less than several kilometers could not find a suitable place to promote it, and the promotion method of group buying could help them bring in transactions and completely consume according to the effect. According to various statistics, this is a market close to 1 billion.
in March 21, meituan. com was officially launched, which quickly attracted the attention of other people in the industry. There are many group buying websites launched in the same month, such as Wowotuan, Handan.com and 24 Voucher.com. According to statistics, during 21-211, the number of group buying websites surged to 5,, and the competition was fierce. This period of time was also called "Thousand Group Wars". During this period, many group-buying websites spent money on advertisements. Although many colleagues and investors also suggested that Wang Xing carry out vigorous publicity, he resisted the pressure and made a decision not to smash advertisements. This decision also enabled Meituan to seize the cash flow and have a more obvious advantage in the subsequent competition. With the failure of Handan. com's listing, the fact that Meituan acquired most of the 24-coupon team and other group-buying competitors declined due to financial problems, Meituan won the final victory of the Thousand Regiments War, quickly and steadily occupied the market, and occupied more than half of the market share of the group-buying industry.
After that, Meituan was invested by Sequoia Capital and Alibaba, and developed more rapidly. It constantly expanded its service content, and launched Meituan take-out, Meituan tourism, Meituan hotel, Meituan taxi, and * * * bicycle enjoyment. Wang Xing is committed to making Meituan the best "life service e-commerce platform", with all kinds of eating, drinking and having fun. I hope to have the opportunity to make Meituan the level of Ali and Tencent. On September 2, 218, Meituan was officially listed on the Hong Kong Stock Exchange.
Now Wang Xing is worth 22 billion yuan, and he is undoubtedly a successful person. However, there are voices questioning Wang Xing from outside, saying that he imitates Facebook (Facebook), clones Twitter (Twitter), and replicates Groupon (Gaopeng). Although we praise his indomitable spirit and start businesses again and again, but he has failed so many times, is it because of his own lack of ability? Is he trying his luck and getting lucky?
No matter what the outside world says about Wang Xing, he is the object we should learn from. He always takes a long time to think about things. Wang Xing believes that if a person wants to be TOP, he must understand the word TOP:
top = talent+opportunity+patience
This person needs talent, talent, suitable opportunities and long-term patience.
END