On December 21, Cai Wensheng released a thank-you note in the Mito-listed thank-you letter, which reviewed its 30-year history.
December 15 Mito Corporation listed on the Main Board of the Hong Kong Stock Exchange. Meitu IPO is not only the opening of Shenzhen and Hong Kong after the opening of the Hong Kong Stock Exchange ushered in the largest IPO, while Mito has become the following Tencent, the largest Internet companies listed on the HKEx. In 2008, Cai Wensheng and Wu Xinhong co-founded the Mito company. 8 years later, the coverage of 1.1 billion mobile devices, mobile Internet companies to become the first person to create Cai Wensheng listed companies.
The following is Cai Wensheng thank you letter:
Dear friends, friends:
Today, I am particularly grateful to my 30 years of entrepreneurship on the road a lot of good friends and dignitaries are gathered for you, Wensheng have too much to thank, you want to say one by one, thank all the way You have to help, go hand in hand!
My first wish to thank, is my sworn brother Cai Baozhong. I and Bao Zhong from the first grade on the understanding, 7 years old we sworn, 9 years old when they went to Hong Kong. 1984 Zhong Bao came back to see me, brought back a 20 dollars to send me pants, then a pair of pants 20 dollars is unthinkable. Bao Zhong said he earns 3,000 a month, so I first know people can make so much money. You know, then I think, if they can earn so much money, life is complete. In 1991, the first time I went to Hong Kong, Bao Zhong took me to eat McDonald’s, then felt, “how the world has such a delicious thing.” He also taught me to use the ATM for the first time, the two of us in front of the ATM machine into and out. My money concept of enlightenment, is from Bao Zhong.
After the listing of the United States plans to publish a letter of thanks Cai Wensheng outline 30 years of entrepreneurial history
(Juvenile Cai Wensheng)
I would like to thank my cousin Cai Jiongming, from an early age he lived next door to my house, is my life’s first business idol. In 1988, he founded the Strand brand, then earned tens of millions. He founded the “Golden Rhinoceros Po,” Fujian is the first to the Central Television advertising brand clothing, in 1998 became the first listed in Hong Kong, Fujian, Shimao, Heng On a few months earlier. Is the Jiong Ming let me remember the “business”, “business” and “Hong Kong-listed” three concepts. I was a dream, that is, one day can go beyond him.
I would like to thank Jiang Yingqian, my classmate in high school. In 1985, we both find their own home to borrow 500 dollars, together in the streets of Shishi Dalun Street stall. I still remember that time is selling a calculator, fool camera, make-up powder, sometimes a day to make a hundred dollars. We made money to buy Marlboro, to know that young people are by root to buy cigarettes, and we buy is a pack. Ying Qian is now executive vice president of Xiamen Shishi Chamber of Commerce, he and I successfully tried the life of the first business.
Next, we would like to thank Xiamen Contemporary Group Chairman Wang Chunfeng. I know the spring breeze in 1991, and often play cards together to see football. I went to the Philippines in 1995, that year, we also founded the Quanzhou 100 industry information, is the first Quanzhou Yellow Pages, than Alibaba also early, a collection of businesses received 200 yuan, then the information industry employees to create the earliest Fujian Enterprises do site Jinquan network. In 1997, the spring breeze came to Xiamen to start business, now is the owner of a number of listed companies.
1995-1999, I do international trade in the Philippines, that time there is a person I have to thank – He Jianyang. In those years I was the most cooperative Jianyang, 1999 is a low point in my life, is to help me out of the dilemma of Jianyang, the same in 1999, we returned home development. I chose the Internet, he chose the mining and trade. Jianyang is now the Philippines well-known business people, for he and I have to share.
April 21, 2000, I used a million to buy the first computer in life, start my Internet business road. I bubble the first Internet forum called Yiyang Wang, met Zhang Li, Wu Xinhong, Yao Jinbo. Zhang is my first employee to enter the Internet industry, he was a cosmetics factory in Wuhan to work, earn 2000 dollars a month, and his understanding of the Internet, I put him “Huyou” to Xiamen, became my The first employee. He is the first church I can go back and forth, right-click function, software download, I first use QQ is Zhang through long-distance telephone to teach me to download, install, register.
At that time, Yan Hong or sophomore students, a chat in the forum, I know he is also in Quanzhou, and he is about Quanzhou 100 Yuan Qingchi near the big banyan tree to meet, this is my first time and friends to meet. At that time do not do many people in Xiamen, I also cast a Xin Hong, Kong Dejing (balls), Yao Jianjun (Ah Fei) three people. This is my first angel investment. I voted for the station’s station, and then I cast a fly and Chen Jian Yu (fish) to do with the flying fish technology, flying fish technology than the United States plans to map the company two years earlier in Hong Kong. Renamed China is also a new three-board market, and renamed China’s largest intellectual property trading platform, the market value of more than 1 billion. And I was investing in the project is 520Home.com dating site, failed, but it is this failure led us to make a larger Mito. This is the inspiration for entrepreneurs is, do not be afraid of business failure. Thank you for giving me the first opportunity to do angel investment.
After the listing of the United States plans to publish a letter of thanks Cai Wensheng outline 30 years of entrepreneurial history
(Meitu company founder and chairman Cai Wensheng, Meitu company founder and CEO Wu Xinhong and Mito users Angelababy knock on the city gong)
In 2004, I went to Beijing to develop. I met the same day Xue Manzi and over to macro. IDG and Xue Manzi together with my 265.com. Barbarian is the first angel investor to vote for me, IDG is the first vote of my VC (venture capital), but also their first vote without PPT, there is no college degree entrepreneurs. I remember that day and the founding partner of IDG Hugo Shong, comprehensive, over to the macro and other met after several days are reluctant to wash their hands, because at that time to see VC, is a very difficult thing. Thank you for teaching me what is angel investment, what is VC venture.
In Beijing, I also met Wang Dongfeng and Huang Mingming, when Dongfeng in KURO flight network, I was in Beijing’s first office in the South pool courtyard is the Dongfeng introduced; and obviously Barbie introduced understanding, had only simple to meet, did not Think of my 265.com became the COO, this is my first time to employ returnees. Later, I and obviously, Dongfeng set up a ZCOM electronic magazine in 2005, Carlyle got 10 million US dollars of investment.
Speaking of Carlyle ZCOM investment, I would also like to thank Xiao Feng. Xiao Feng was Carlyle president of China, he voted us 10 million dollars. This is the only project I’ve ever had to get a huge investment without success. Thanks Xiao Feng and Carlyle to help us pay tuition, although ZCOM did not succeed, but you have not wrong ZCOM team. Later, Wang Dongfeng founded in Hong Kong listed Yuanyou Holdings, Huang Mingming has become a top angel investors. ZCOM then another vice president was also present today, Wei Liang today also became a famous angel investors in China. At that time, another colleague of ZCOM Luo Haijian, today has become the 4399’s CEO.
In 2005, I began to understand some of the people of venture capital circles. That year I met Feng Bo, I like to go to his courtyard, the two of us can chat all night, I taught him Minnan kung fu tea, he taught me Texas Hold’em, February 14, 2006 Valentine’s Day, we still Spent together. Before there are many opportunities to cooperate, but have been missed. He had invited me to do his investment in the two companies consultants, one is Cool News, one is PPS, Feng Bo was to me the letter of appointment and options are still preserved in my home. At that time, the founder of Wushi Chun was also present today, and now his plum blossom angel has done very well, also thank him. Until two years ago, Feng Bo did not ask the valuation does not look at the terms of investment in the United States plans, we finally have the perfect cooperation.
In 2005, I angel investment YaoJinBo 58 city, and later to help 58 at the same time to find a softbank saifu and other VC, then other VC think you did not vote, the final YanYan saifu cast this project. Here I would like to thank Yan Yan, this is my angel investment since earning a maximum of a project, I believe this is the Yan Yan earned up to a project.
In 2005, I also met Kai-fu Lee. Kai Fu and I have teachers and friends. That year, Google to enter China, Kai Fu is Google Greater China president. At that time Google invested 265.com, I and the fate of Kaifu also continues to the present. In 2008 I sold 265.com to Kai Fu led the Google, returned to Xiamen, founded Mito; also that year, Kai Fu left Google, founded the innovation workshop.
In 2008, I returned to Xiamen, founded Mito company, while I and Li Xingping created 4399 small game back to Xiamen. Thanks to this beautiful city of Xiamen, you can work and life together, you can also make a great company. Now Meitu and 4399 games also led to the development of the Internet in Xiamen, Xiamen, more entrepreneurial atmosphere, becoming a force can not be ignored in the domestic Internet.
Back to Xiamen that year, most often chatting with Cai Mingchao. Ming Chao is a famous Chinese antiques collectors, I would like to thank him. In his lead, I began to collect some works of art, thanks to him to open up my interest in works of art and antiques.
Next, I would like to thank Hongyu Peng and Ni Yingwei. In 2011, Yu Peng joined the 4399 when my vice president, Ying Wei from 2004 to recognize now, we have hosted the Chinese webmaster conference. So I called the two of them together to set up long-collar investment, began to angel investment institutionalization, and systematic way to help entrepreneurs, and now Long collar investment has cast a few 70 start-up companies.
Long collar investment in the first two angel project vote is Xiong Jun and Yi Guangxu. At that time, Xiong Jun in Xiamen, the creation of a 91 mobile assistant, after 100,000 yuan sold to NetDragon, then we all know 91 assistants sold 1.9 billion US dollars to Baidu, Xiong Jun should be the most regrettable entrepreneurs in China. And later left the network re-start the dragon, go to Beijing to find Kai Fu, Kai Fu returned to Fujian to come to me, and finally I and voted with him, do a synchronous push, synchronous push is the first overseas development and success of mobile Internet companies, is now a very successful mobile Internet application distribution channels. I Guangxu Fujian Fujian is my fellow, the original study in Nanjing, I helped him buy the first life in a plane ticket, so he returned to Xiamen, began to create a Bo-Bo, and now “joke selection” with hundreds of millions Fans, flying Bo has also been listed in the new three boards, the market value of more than 1 billion. They also came to the scene today, thank you.
In 2010, I and Li Kaifu, Xue Manzi, Xu Xiaoping, He Boquan, Yang Xiangyang, Gong Hongjia, Ni Zhengdong, Zeng Liqing, Yuan Yue, Lei Jun and Bao Fan set up the Chinese Angels. Very grateful, in addition to Yuan Yue, Lei Jun and Bao Fan official did not come to the scene in the body, the angels will all come. In particular, I would like to thank Xu Xiaoping for setting up an angel to get to know him. We became best friends and traveled all over the world. He inspired me to travel, music and food.
I would also like to thank the presence of the China Angel Investment Council today, partners, originally the China Angel Investment Association to meet in Shenzhen, in order to help Mito listed companies, specifically to Hong Kong to meet. This is China’s most successful group of angel investors, they are:
YANG Xiang-yang, ZHU Bo, LIU Xiao-song, WU Xiao-guang, et al. , Lu Gang, He Boquan, Li Kaifu, Li Zhiguo, Wang Gang, Gong Hongjia, Wang Xiao. We believe that angel investment will continue to drive China’s innovation and entrepreneurship, creating more Tencent, Baidu, Ali and Mito.
Next, I would like to thank the United States plans to shareholders. In November 2013, the innovation workshop cast Mito’s angel round. I Kai-fu, Wang Hua on a good investment, on behalf of the Innovation Works as a director of Lai Xiaoling. At that time, innovation workshop cast 5 million dollars, today the market value of Mito, the angel investment earned 40 times, I believe this is the most innovative project to open the return of innovation. In March 2014, the United States plans to obtain IDG and Qiming venture capital investment; the same year in June, we won the Tiger Fund Leader, policy source Feng Bo, HCapital Chen Xiaohong, Foxconn Gou with the vote; the same year in December, Fund investment. Thanks to the Chinese fund Zhang Qian, she spent less than a month to complete the two billion US dollars investment process. Foxconn is the United States in addition to the company’s shareholders, but also an important partner Mito mobile phones. Thank you for your recognition and support of Mito.
2016, Pre-IPO round, there are three leaders voted Mito company, are Keywise Kesi Bo’s Zheng Fang, Want Want Group, Mr. Cai Yanming, Heng Group Mr. Xu Qingliu. To thank Mr. Zheng Fang and Mr. Cai Yanming made a special trip to the United States and the company listed on the market to help out.
I would also like to thank the United States plans to IPO two cornerstone investors, they are the Beijing-based group Chen Jiarong and Ports International Chen Qitai. Jingji is a traditional real estate company, to be so optimistic about the United States and cross-border investment, very grateful. Ports International and Mito have a common vision, are doing things related to the United States. Also this time, I know Kai Tai and I am a fellow of Fujian.
The IPO has also been a lot of good friends to support, which special thanks to two good friends, they are also loyal users Mito, they are Lisa Wang and Shi Sini, they like and agree Mito, made a special trip to Hong Kong account Stocks. I would also like to thank the three senior members of the investment community: Yu Feng of Yunfeng Group, Mr Zhang Huafeng and Mr Leung Pak-tao of the Legislative Council of Hong Kong, for their congratulations.
We would like to thank the Board of Directors and the non-executive directors of the Company for their attendance to Dr. Wang, Dr. Kai-fu Lee, Mr. Gan Jianping, Mr. Jason Tan and Mr. Gao Zhenshun, Mr. Zhou Hao and Ms. Luo Baowen as independent non-executive directors. Special thanks to our three independent directors, Mr. Zhou Hao, 58 CFO of the same city. I worked with him on the Board of Directors of the 58 city for several years. He was very professional in finance and financial affairs. Mr. Gao Zhenshun very respected in the capital market, although he is a dozen listed companies director, but this is his first time as an independent director, is also the first time he attended the listing ceremony, he is my Quanzhou fellow. Also thank Ms. Luo Baowen, she won the title of the world’s top ten outstanding young people, as the family of many important business positions. Ms. Luo Baowen is also Mito users, she joined the board, itself is a good company Meitu endorsement.
Thank Angelababy, Mito’s chief color officer, Mito mobile phone spokesperson. I would like to emphasize that she is not to participate in the listing ceremony of the endorsement of the obligation, but to the identity of users and good friends, thanks to pregnant Angelababy Midea for the company to bring festivity.
The most important, I would like to thank all the staff of the company plans, Yan Hong, Zhang Wei, Nguyen sister, Lok Lin, North enough, Xiaoxia, Mito just set up when they are, this is the first with Mito Together with the growth of people, but also to thank all the Mito students, is that we have made so many beautiful products, Mito Xiu Xiu, beauty camera, the United States beat, BeautyPlus, so many people become beautiful.
If I said, my previous business is to make more money, until the US company’s emergence before I deeply feel, to make a let hundreds of millions of people, more than one billion people, or even billions of people use the product, That is the real sense of accomplishment. Mito company contributed to us want to do a great company, really do something for the ideal. The future, our vision is to make the world use Mito products, so that the world has become more beautiful.