Founder of Yonyou Software, Wang Wenjing (Sina Tech Photo)
At the age of 24, Wang Wenjing resigned from a government agency with a borrowed 50,000 yuan. He and a friend rented a 9-square-meter office in Zhongguancun and began his entrepreneurial journey. Two years later, the financial software he developed captured the largest market share nationwide. Afterward, his competitors fell one by one, but Yonyou maintained its leading position.
However, a trip to Dongguan in 1996 made him suddenly make an astonishing decision - company transformation, from financial software to ERP and new enterprise management software. Wang Wenjing's judgment was that independent financial software companies would no longer exist in the future.
This transformation put enormous pressure on the company. At the time, a self-developed enterprise management software by Yonyou took three years and cost over a hundred million yuan. During this period, there were several instances of mass employee resignations, and after the product was launched, it suffered continuous losses for seven years. Wang Wenjing did not expect this pressure to last for ten years. People around him repeatedly suggested he abandon the product, but he remained steadfast. It was this transformation that allowed Yonyou to leap from being the leader in the national financial software market to becoming the front-runner in China's management software industry.
In May 2001, Yonyou went public, and its stock price soared from an opening price of 76 yuan to 100 yuan. As chairman, Wang Wenjing indirectly held 55.2 million legal person shares of Yonyou Software, making his personal wealth reach as high as 5 billion yuan on the day of the listing. That day, he got drunk.
Now, Wang Wenjing has set his sights on the future potential of cloud computing. "With the help of cloud computing, the new business model will bring greater development potential to software enterprises."
Wang Wenjing frankly admitted that in the coming years, cloud computing would be the key area for large-scale investment by Yonyou. Currently, the country is advocating a return to the real economy, which will make the development environment for the real economy better and better. "I believe that when our customers have a better survival and development environment, they will increase their investment in information construction, which is a huge benefit for us."
Regarding his success, Wang Wenjing believed that without good opportunities, without interest, responsibility, and focus, success would be impossible. In his view, a company is like a living organism; it needs dreams to drive it forward. Now, Wang Wenjing is weaving his dream of a world-class software company.
"My goal is to continue developing around the informatization of enterprises and governments, becoming a world-class company and entering the top three in this field."
Cloud Yonyou
2011 marked the beginning of the '12th Five-Year Plan.' The strategy of economic restructuring and transforming development methods requires traditional industries to accelerate their transformation and upgrading, and the deep integration of industrialization and informatization ('two modernizations') is the only way forward. In recent years, the use of cloud computing in informatization has become the best catalyst for the integration of the 'two modernizations,' enabling enterprises to establish and apply information systems more conveniently and operate at lower costs.
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