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The entrepreneurial paths of four of China's youngest billionaires

The entrepreneurial paths of four of China's youngest billionaires

By santa jedPublished 2 years ago 5 min read
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The entrepreneurial path of the 4 youngest Chinese billionaires!

Li Xiang's bubble net at the end of 2005 revenue reached 20 million, 50% profit, according to the common market acquisition standards, that is, 20 times the price-earnings ratio to calculate, accounting for the company's absolute shares of him, his wealth has been over 100 million.

Last July, Dai Zhikang received several million dollars in venture capital and was worth more than 100 million dollars. The following is to share with you the entrepreneurial stories of these four post-80s millionaires.

High school student Li wants to give up the college entrance examination to create a billion yuan worth

May 21, Zhongguancun Ding Hao computer city. There is only room for one person to pass between each set of desks in Li Xiang's company, and all the people sitting there are busy.

This year, the scale of the bubble net has been expanded several times, from less than 50 people to 80 people, and then to 100 people. At present, it has more than 110 people and is expected to reach 180 people by the end of the year. 700 square meters of space has been unable to accommodate, the development of the company has also come to the need to pay attention to the business image of the stage.

Li Xiang's Bubble Net is an information service website engaged in computer hardware, and personal and office digital products. Six years ago, Li Xiang, a senior at a high school in Shijiazhuang, made a simple decision not to take the college entrance exam without much planning for his future.

Li Xiang first came into contact with computers in junior high school and was immediately hooked. In high school, Li Xiang finally has his computer, and spent more than 8000 yuan, and according to their requirements of the configuration of a machine. At that time, only dial-up Internet access was available, and Li Xiang spent an average of $700, 800 a month, all of his own money. The money was for writing articles for computer newspapers.

Senior three, Li wanted to make the "video card home" website, spend 7-8 hours a day, more ignore the course study. In the first month after he stopped studying, a boss from Guangdong Province said he would send Li a promotional fee, but he didn't take it seriously. The boss sent him more than 6,000 yuan.

He had not yet figured out how to commercialize the site. By the end of the year, he made $100,000.

Before the Spring Festival in 2000, Li tried to persuade Fan Zheng, who had worked in Shenzhen for three months after graduating from university, to return to Shijiazhuang and combine the two websites to form a Bubble Web site. By the end of 2003, bubble Net's business had tripled.

University student Dai Zhikang invented software to dig up the first bucket of gold

Also born in the computer era Dai Zhikang Li want to contact the computer two years earlier, in the fifth grade in primary school. Dai Fu is a doctoral tutor at Daqing Petroleum Institute. Under the guidance of his father, he got into computer programming. Dai read the second day, the market has rising antivirus software. On reflection, Dai found a technical flaw.

After being admitted to Harbin Engineering University, Dai Zhikang wanted to find something to do to lay a foundation for future career development. One day, by accident, Dai went to a movie forum and found that there were 100,000 registered users. He thought: if there is a kind of software, that can be installed in a community forum server, a user alone will bring 100,000 people, 100 is 10 million, 1000 is 100 million, this is a completely geometric development mode.

Day decided to develop such software, naming it Discuz. More than a year later, the software was quickly adopted by online users because it supported user habits.

After two years on the job, he was surprised to receive a payment from a Hong Kong company and realized that his labor could be converted into real value. He is ready to commercialize the product.

In early 2004, Dai Huai Chuai made his first bucket of gold and moved from Harbin to Beijing. He first bought an apartment for 800,000 yuan to use as an office and began to register his company, Kangsheng, while he was still a college student. Through 2005, the company's sales grew by an average of 50% a month

After 80 "little whelp son" Mouthed a text message germination golden idea

Because of his quick hands, he usually finishes his work before others.

A lot of people will receive the text message, he is suddenly reminded of if the traditional computer network games or single game mode moved to reality, mobile phones or PDA and other mobile terminals and various forms of communication background technology integration, are not able to create another more digital real-life game mode?

Financial reporter Gao Ran from the newspaper into the IT world

Gao Ran spent half a year working in a factory in Zhangmu, Dongguan, in 1998, when he graduated from a technical secondary school. Half a year later, when he was admitted to Tsinghua University, some villagers in the village commented excitedly: "Gao Liang will surely be a member of the Central Committee in the future!" In 2003, Gao Ran missed the final round of interviews at the Southern Newspaper Group and later became a financial reporter at the Economic Observer, where he was named the best new reporter of the year.

After working as a journalist for eight months, Gao Ran, who knew nothing about finance and IT in college, went to the IT field to start his own business. It was the Tsinghua alumni in his network who helped secure a U.S. venture capital investment for his current company. The company was suddenly worth ten million dollars.

Then came the "most important nobleman" in Gao's life. Jiang Xipei, chairman of Jiangsu Far East Group, was attending a conference in Changchun when he saw the high enthusiasm of the overnight train to deliver the plan. Jiang Xipei invested 1 million yuan in the high burn, high burn e-commerce plan did not burn this investment to the ground. He began to choose other projects, then Tsinghua student Dundee figured out the application of P2P streaming media transmission technology, which can reduce the cost of a video broadcast from 7 yuan to 7 cents. In February 2005, the two got together, and in June, they merged their companies, and Mysee, which specialized in video broadcast, was born.

"Sooner or later I'll buy a Hummer"

Li wants to set himself an annual salary of 150,000 yuan, with an average monthly salary. With a house and a car, he has a few major expenses. The clothes are all over the place.

And Dai Zhikang had an iron gray BMW 3 Series as early as 2004. Dai says he is quick to make big purchases, such as the 160-square-meter apartment in Shangdi, which he bought in June 2004, the first week after its launch, for more than 1 million yuan. His company has not paid a dividend for three years, and although he sets himself a monthly salary of 20,000 yuan, it has not been moved.

Mr. Mouthed doesn't care about cars. He sold his Sail, which he bought in 2002, for half the price and now drives a company Nissan. He said a month's salary of 8,000 yuan, to buy a gift for his girlfriend, two people eat pizza every two days in the moonlight family.

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