In January 2004, Jiaoda Mintai (Beijing) Information Technology Company, was successfully listed on Hong Kong's Growth Enterprise Market.
Over the past seven years, in order to meet the needs of customers and the market, He Enpei and his company have constantly adjusted the direction of business and corporate philosophy, and the company's name has changed several times due to the involvement of capital. Some people have criticized He and his company for always "changing their faces.
He believes that it is the constant self-denial and innovation that has made his company what it is today.
"I wanted to be a pilot when I was in elementary school, I wanted to be a teacher in middle school and high school, I wanted to be a scientist in my first year of college, and I wanted to be an entrepreneur after I graduated." He Enpei said frankly that his own ideals have changed as the years have stretched on.
In 2008, Jiao Tong Mingtai had three main shareholders, a team of entrepreneurs led by the company's president, He Enpei, who held about 30 percent of the shares; Shanghai Jiaotong University, which occupied 20 percent of the market; and Hong Kong Salida and the Salida Group, which accounted for 40 percent of the shares and was the largest shareholder of Jiao Tong Mingtai.
Some people say, on the one hand, in the enterprise each time the financing continues to dilute their own shares, on the other hand, has been in the financing of the company has an absolute right to speak, like He Enpei such a long-sleeved in the capital market entrepreneurs are too few.
After introducing 6 million yuan from the Sida Group in June 1998, He Enpei brought in more than 10 million yuan from Shanghai Jiaotong University in April 2002, and prompted Jiaotong University Mintai to list on Hong Kong's Growth Enterprise Market with excellent performance.
By the end of 1998, He Enpei also merged and acquired Nanjing Moon, which dominated the Chinese translation software market at that time, and in August 2008, he acquired Hong Kong's Bo Hanwen Sinicization Company.
Ho Enpei said, from the real group to melt 6 million yuan of industrial capital, "the business is just more than a year, the enterprise has just launched a new product, the turnover is very small, did not become a scale, and there is no clear management ideas, there is no resource to leapfrog the development of the real capital to enter the several aspects of the problem have been solved. "
Talking about his repeated success in financing feelings, He Enpei said, investors mainly look at the team, that is, look at the people, the specific project is not too important.
Also, around 1998, few people understood capital, and whoever understands capital has a head start. "Now the level and scale of competition is not the same as it was in the beginning, before maybe a few hundred thousand dollars to start, now easily the millions of dollars, tens of millions of dollars, the cost of starting or succeeding in business is also high".
One, crossing the river by touching the stone
January 9, the listing, so that Jiaoda Mintai has created a few firsts: the first general software listed on the domestic market, Asia's first "conceptual information localization stock", in 2004, Hong Kong's stock market, the first listed company.
At the 2004 strategy conference of Jiaoda Mintai, Mr. He Enpei pointed out, "Information localization ability is one of the criteria of a country's comprehensive competitive power. In order for the world to better understand China and for China to better reach out to the world, it is necessary to develop the information localization industry."
While the company's transformation now appears to have been successful, what has been hard for He Enpei to let go of is the failure of soyou.com. This project and past events that even the old employees are not willing to talk about anymore, this rise and fall of the dream in the first wave of investment in the Internet, so that He Enpei still feel pity.
"The emergence of the Internet has really changed the whole world, and I think all business models will also be regenerated and repeated through the Internet. But due to the one-sided pursuit of cash flow, not willing to sustain investment in soyou.com, thus giving up this very good opportunity."
He Enpei reflected, "Soyou.com, which we started in 1999 as a catalog-style service, was abandoned due to our immaturity. If we could have stuck with it until today, soyou would have turned out better than google."
The investment in the entire soyou.com project amounted to 20 million yuan, with financing coming from Hong Kong's Salida. In today's view this is a considerable amount, but compared with the Internet at the time a burn is hundreds of millions of dollars of projects, soyou.com's investment is not big.
The failure of soyou.com was closely related to the general environment of the Internet at that time, but in addition, He Enpei analyzed that there are two other reasons, one is the immaturity of the management team itself, and the other is that it didn't find a suitable investor.
But He Enpei still only feels pity, but not regret. He believes that leading a company forward is like crossing a river by touching a stone, sometimes mistakes are inevitable, and the key is how to make the company survive and develop better. "We think opportunities are constantly available, as long as we keep getting better."
Two: Be a good mirror
After graduating with a master's degree from Huazhong University of Science and Technology in 1995, He Enpei gave up the chance to study for a doctoral degree in Japan to work for a Taiwan-funded company in Zhuhai. He didn't realize that after a month of his technical background, he was put into management by his boss.
In 1997, in order to better develop, He Enpei came to Beijing's Zhongguancun, where he worked as deputy general manager of a software company. That company was a family business, and the boss thought he was always right, while he wanted to be involved in decision-making. The inability to resolve this conflict led to his departure.
It was this experience that made He Enpei realize that business leaders must have the courage to admit mistakes and learn to be tolerant at the same time. "I don't think I'm necessarily a better leader than other leaders, but I'm best at being a mirror for everyone on my team.
Let's say you don't know when your tie is crooked, you know when you face the mirror. So it doesn't require me to be extremely smart, I just have to be a good mirror, a good communicator, a good communicator."
In order to listen more broadly to the advice of the management team, in 1999, He Enpei proposed that every manager must have three advisers, the first of whom must be an industry boss, the second of whom must be out of his own industry, and the third of whom must have a specialty in at least one area.
In the eyes of outsiders, He Enpei and his company can be said to be smooth sailing, one step at a time, but he said: "When you look at the sea from afar, the sea is only a line; but when you go to the nearer side to look at it, you will find that there are all kinds of waves.
When you are far away, you see one step at a time because you can only see the footprints; but it's when you look close up that you see a lot of frustrations and problems that we have encountered and a lot of difficulties that we need to overcome."
As a business leader, He Enpei aspires to make Jiaoda Mintai the Lenovo and Dell of the translation industry, with sales of 1 billion yuan by 2008.?
"My greatest fulfillment is to lead others to success. I don't want to be successful by doing one specific thing, but I hope I can help them build a platform and assist them to succeed." He said.
Expanded:
Ho Enpei, president of Transn, received his master's degree in solid state electronics from Huazhong University of Science and Technology in 1995, and was the founder and president of Mintai Technology Development Co.
Since 1997, he has led the company from a "small ant" with 4 employees to an "elephant" with hundreds of millions of dollars in assets. He has both business wisdom and scientific mind, China's translation tool software market brand "Orient Express" is from the hand of He Enpei.
From "Beijing Mintai" to "Sida Mintai" to "Jiaoda Mintai", He Enpei has experienced several twists and turns, but the blessing and the curse follow each other, the billionaire He Enpei's road to success still has a "standard". The road to success still has a "specimen" significance.
Jiaoda Mintai (Beijing) Information Technology Co., Ltd (hereinafter referred to as JIAODA Mintai) is a listed general software company, Asia's "information localization concept stock", and a listed company on the Hong Kong stock market in 2004.
In 1997, from 4 employees, less than 9 square meters of the basement to start business, 8 years later, Jiaoda Mintai has a huge assets of 100 million yuan, more than 150 employees. He Enpei built his software: translation software (Orient Express), playback software (Oriental Shadow) and network software (Oriental Three Kings, Oriental Rainbow).
In 2005, founded Transn United Information Technology Co. Dedicated to become the virtual language department (VLD) for customers.
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