12 Most Influential Chinese Entrepreneurs

11. Wang Xing

Date of Birth: February 18, 1979 (41 years)

Occupation: Co-founder and CEO of Meituan

Net Worth: $30.5 billion (as of January 2^nd, 2021)

With a net worth of over 30 billion, Wang Xing has achieved great monetary success at a young age. In 2010, Wang founded the company Meituan, an application which connects consumers with businesses, offering different vouchers for a variety of retail services including entertainment, dining, delivery, and travel. The business model is similar to that of the American service Groupon (NASDAQ: GRPN), while Meituan itself boasts an aspiration to be the Amazon (NASDAQ: AMZN) of services. Having built Meituan to become a multi-billion dollar company, that dream doesn’t seem too far off. Meituan, formerly known as Meituan Dianping after the two companies’ merger, is not the only entrepreneurial stint of Wang. In 2005 and 2007 he created Chinese versions of Facebook (NASDAQ: FB) and Twitter (NYSE: TWTR), called Xiaonei and Fanfou respectively. Although not at the level of Meituan, both websites proved to be hits for Wang, and showcased his drive for being a business leader.

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