Worth 10 billion 500 million third business 6 years exceeded 100 billion of his life experiences gee

Abstract: compared with Ren Zhengfei, Wang Xing’s achievements are not a little low, China had the largest social networking site, micro-blog founder Chinese website, now the largest group purchase website are from his hand, although the business failures, but he always unremittingly, and ultimately create a beauty group, 6 years of market capitalization reached billion, personal worth billion.

 

IT in the "2016 Hurun rich list", a man and Ren Zhengfei had the same worth 10 billion 500 million, but two people are 35 years apart. Compared with Ren Zhengfei, his achievement is not low, once Chinese largest social networking site, China micro-blog, the originator of the website is now the largest group purchase website are from his hand, although the business failures, but he always unremittingly, and ultimately create a beauty group, 6 year market capitalization reached billion, personal worth 10 billion.

he is Wang xing. We evaluate his entrepreneurial road is paved with the blood, the creation of campus network transfer loss, later renamed renren.com has become the largest social networking site; founded the first micro-blog website "China Fanfou" but was forced to close, followed by Sina micro-blog beyond; finally founded the U.S. group net, turn the tide in the loss, the market has nearly 70% share.

Wang Xing in the country to do the Internet faster than others beat, but he always ended in failure, he just said: Chinese and Silicon Valley is the biggest in Chinese you have ideas and technology is useless, must have contacts.

2003, the winter is past, Google SEO, Oracle’s $5 billion 100 million acquisition of PeopleSoft, ready to science. The master at the University of Delaware Wang Xing smell Internet home business opportunities, the several websites have failed in the end, which makes him very depressed, why it failed? Buxinxie he took his classmates Lai Binqiang, Wang Huiwen in 2005 founded the school intranet.

campus network is developing rapidly, a year harvest of 100 thousand users, but also the real name registration, in the social circle is the absolute leader, but the shareholders have unanimously decided to sell shares of the company, what causes

?

in the final analysis is the problem of money, although the school network harvest 100 thousand users a year, but only spending no income, after his money hit, Wang Xing also owed the equivalent of his personal debt of $100. Sequoia and other investment institutions to seek financing, and finally failed, the other reason is given to the team is too young, there is no good profit model. In desperation, Wang Xing had to the campus network at a price of $2 million sold to Qianxiang interactive group Chen Yizhou.

Second days after the acquisition of

campus network, Wang in his blog quoted the former British Prime Minister Winston · Churchill; a famous speech to show his attitude: " This is not the end. It is not even the>

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