Entity Dossier
entity
Chen Yizhou
Strategic Concepts & Mechanics
Signature MovePermanent Crisis Mindset
Signature MoveTrust-Based Team Building Through Adversity
Identity & CultureLeading by Example as Only Standard
Relationship LeverageTeam Quality Reflects CEO Level
Strategic PatternThree Highs Three Lows Strategy
Operating PrincipleCEO Non-Delegable Vision Design
Operating PrincipleRapid Learning Over Experience
Cornerstone MoveAmerican Internet Trend Transplantation
Decision FrameworkFailure as Sequential Bread Building
Signature MoveObserver Role While Team Executes
Signature MoveContract Spirit as Team Foundation
Primary Evidence
"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."
Source:Nine Failures and One Victory: Wang Xing, Founder of Meituan, Has Been in Business for Ten Years