This article from the micro-channel public number: Tech Planet author: Ma micro ice Chenqiao Hui Zhou Yifei, title figure from: Oriental IC
Xiamen in early April is greeted with light rain.
On April Fool ’s Day, Xiamen-based Ruixing Coffee made a huge joke for all investors. On April 2, Ruixing Coffee submitted a document to the US Securities and Exchange Commission, exposing financial fraud, and the Chinese Internet industry was in an uproar. This new retail coffee company, which was established less than three years ago, fell from a capital myth to a target. Immediately afterwards, China Automobile, which is closely related to Ruixing, was also pulled out of the quagmire, and its suspension was announced after the stock price fell.
In June 2018, Xiamen City, Siming District, China Automobile and Ruixing Coffee signed an agreement to formally settle the national headquarters of the two companies in Xiamen. A month later, another company Fun Store, which has been at the forefront of public opinion, also moved its headquarters to Xiamen. Around the beginning of April this year, the fun shop that started with Internet finance launched Wanlimu, a luxury e-commerce platform. Because its founder Luo Min had repeatedly defeated many projects before, the prospect of Wanlimu was not optimistic.
Qudian, Ruixing, and Shenzhou, the three Internet companies introduced to Xiamen have not developed smoothly; on the other hand, local Internet companies born in Xiamen, such as Meitu, Meiyou, 4399, etc., have also long lacked new Growth momentum.
Xiamen, which has been struggling to attract investment and increase Internet genes, has not developed smoothly. Can’t help but wonder, what’s wrong with Xiamen’s internet company?
The starting point, Cai Wensheng who ca n’t get around
The incident dates back 20 years.
As one of the first four special economic zones in China, Xiamen has always had the dream of becoming a gathering place for new Internet economic companies. Compared with other cities of the same era, Xiamen also had an earlier Internet atmosphere.
When you mention Xiamen Internet, you cannot bypass Cai Wensheng. From entrepreneur to investor, Cai Wensheng has experienced the development process of 4399, Meitu, and eName China, these Xiamen-based Internet companies.
