Four CEIBS MBA Alumni on Forbes China’s List of Top 30 Chinese Entrepreneurs Under 30
February 29, 2012
February 29, 2012. Shanghai – Four CEIBS MBA alumni have made Forbes China’s first-ever list of Top 30 Chinese Entrepreneurs Under 30. They are: Li Yanshu (MBA 2007), Wang Feng (MBA 2007), Mingping Yang (MBA 2008) and Ren Xin (MBA 2009). The four are excellent examples of the calibre of CEIBS graduates who run their own business, and represent China’s new generation of entrepreneurs.
Making the list is an accomplishment in itself: the final 30 entrepreneurs were culled from hundreds of candidates. Based on an assessment of their influence in their respective industries, the process included professional recommendations from entrepreneurs, angel investors, venture capitals, enterprise incubators and academia. Nominations were open to the public at the end of 2011.
The entrepreneurial endeavours of the CEIBS quartet on the list span ventures from the educational field to hotels, luxury goods and social networking, maximizing management resources in multinational firms and aligning them with the Chinese market. Read on for details of these four impressive young entrepreneurs.
Wang Feng (MBA 2007), Founder of LuxSea Boutiques
Wang graduated from San Jose State University, then joined J.P. Morgan. After completing his CEIBS MBA in 2009, he devoted his energy to LuxSea Boutiques. The business concept is to align online and offline platforms to provide Chinese customers with top-tier fashion brands favoured by celebrities and socialites. LuxSea has exclusive agreements with more than 15 brands sold in top department stores in Europe and the US, and covers more than 200 retailers in China.
Li Yanshu (MBA 2007) Co-founder and CEO of BUZZINATE Information Technology
Li grew up in Singapore and has a dual Bachelor’s Degree in Advertising and Management from National Chengchi University, Taiwan. He established BUZZINATE Information Technology Co., Ltd. after completing his CEIBS MBA in 2009. The company's flagship product “bShare” is based on a business model that provides social integration services for various types of websites. In addition to the ‘share tools’ function, it also creates statistical reports about social activities to facilitate the analysis of netizens’ interests and trends in the social network, analysis that is invaluable in assessing and enhancing the effectiveness of marketing via social media.
Yang Mingping (MBA 2008) Co-Founder of 51cjkt.com (Super Class)
Yang’s first foray into entrepreneurship dates back to his third year in college: he ran a hot-pot shop with annual turnover of RMB2 million. In 2008, Yang enrolled in the CEIBS MBA programme and founded Super Class which provides multimedia interactive learning sessions for elementary, secondary, and senior high school students via the Internet. Yang’s ambition is to launch an education technology group that optimizes the online/offline learning experiences. Super Class’ current monthly revenue exceeds RMB2 million, on average, and is expected to reach RMB35 million in 2012 at a CAGR of 280%.
Ren Xin (MBA 2009) Co-founder and COO of Shanghai Tianhailu Internet Technology Company
Born in Changsha, Hunan Province, Ren majored in Computer Science at Shanghai Jiaotong University. He joined Newegg in 2005 and later joined Newegg US in LA. He started his CEIBS MBA in 2009. He later began his professional career with a short stint as a Marketing VP for Groupon before launching hotelvp.com in August, 2011. Hotelvp.com is an iPhone and Android system-based applicable (a phone App). It markets hotel rooms that are vacant after 6 pm, offering a 30%~80% discount. Hotelvp.com has acquired RMB20 million in its first round of raising capital.
An increasing number of CEIBS MBA applicants want to launch their own start-ups, a natural spinoff from the school’s efforts to provide strong support to students with entrepreneurship spirit. Students are supported via:
• Curriculum offerings:
A course on entrepreneurship is compulsory for MBA students and other relevant electives are also added to the portfolio.
• Knowledge sharing and resource acquisition:
The CEIBS Centre for Entrepreneurship and Investment (CCEI), headed by Adjunct Professor of Entrepreneurship Kevin Li (Founder of Ku6.com), is dedicated to supporting CEIBS students and alumni. It helps them to access resources, and conducts training for start-up firms with high growth potential. The China Entrepreneurial Leadership Camp, recently launched at CEIBS’ Shanghai campus and at the school’s Shenzhen location, is a joint initiative by CCEI, the school’s Executive Education Department and the CEIBS Entrepreneurs Association (CEA).
CEIBS collaborates with FINAVES China to inject seed capital for start-up firms established by CEIBS alumni.
• Extra curricular activities:
The MBA Entrepreneurship Club has evolved into one of the most popular student clubs on campus, with more than 120 members out of 198 students. Successful entrepreneurs from a wide cross-section of industries are invited to speak at CEIBS and share their experiences.
Writer: Ivy Yang, MBA Office
Translator: Jimmy Zheng, (MBA 2011)
Editor: Charmaine N. Clarke