Nine Failures and One Victory: Wang Xing, Founder of Meituan, Has Been in Business for Ten Years has the strongest coverage in these notes.
Oak Pacific Interactive
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Permanent Crisis Mindset, Trust-Based Team Building Through Adversity, Leading by Example as Only Standard
Wang Xing’s first breakout entrepreneurship project was Xiaonei, a social networking service (SNS) website for college students, similar to Facebook. Before creating Xiaonei, Wang Xing and his team had explored and aban…
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"Wang Xing’s first breakout entrepreneurship project was Xiaonei, a social networking service (SNS) website for college students, similar to Facebook. Before creating Xiaonei, Wang Xing and his team had explored and abandoned nearly ten projects, one every two months on average. Xiaonei was founded in 2005, but due to Wang Xing’s lack of experience and inadequate financing, the funding chain broke. In this situation, Xiaonei was sold to Chen Yizhou’s Oak Pacific Interactive in 2006, becoming the foundation for what would later become Renren."