Ji Qi Legend: 10 Years, 3 Times To Push The Company Onto NASDAQ.

From "made in China" to "China's service", China's economy needs to be pformed, and domestic demand needs to be vigorously developed. Service will also become the next growth point.

Hanting is listed at this time.

In March 26th, Hanting chain hotel was listed on the Nasdaq Stock Exchange, raising the amount of $110 million.

On the first day of listing, it closed at 13.92 US dollars, up 13.63% from the issue price of US $12.25.

This is also followed by home, 7 days later, third landing on the U.S. stock market economic chain hotel group.

And its listing also means that Ji Qi, a Ctrip, and a co founder of the family, has sent the company to Shanghai's foreign market by third degrees as an entrepreneur.

As of yesterday's close, Hanting's share price was 14.75 US dollars, up 20.4% from the issue price of US $12.25, and its market value reached US $130 million, equivalent to RMB 900 million yuan.

According to Ji Qi's personal share of 62.67%, its personal shareholding value amounted to US $83 million 190 thousand, equivalent to about 570 million yuan.

Ji Qi and his Hanting have become the focus of media and investors.

In the Hanting media communication conference, Ji Qi, who is known as a serious and strong, is another image. In the face of media questions, Ji Qi's answer is very calm.

In the conversation, the action taken by the tie brings the reporter here to Ji Qi's easy-going and non binding personality.

This is consistent with his partner IDG capital founder partner Xiong Xiaoge's assessment of Ji Qi.

Sharing resources with Ctrip can reduce costs.

Hanting is similar to home and 7 days, and has deep roots with Ctrip.

Ji Qizheng, the founder of Hanting, is the co founder of Ctrip and home.

On the eve of Hanting's listing, NASAQ:CTRP announced the purchase of about 8% of Hanting's shares.

The cooperation between Hanting and Ctrip increased the bargaining power of Hanting in Econo Hotel competition.

Ji Qi, executive director of Hanting, said that the cooperation between Han Ting and Ctrip is the intermediary of the tourism industry, which knows the hotel best. It knows how to Select Hotel, and Ctrip has unique characteristics for industry understanding and his choice.

Han Ting through the industrial culture of Ctrip will enable Han Ting to better understand Ctrip's star rating standards for star hotels, so that Hanting will continue to grow and expand.

In addition, cooperation with Ctrip can share resources, reduce costs, and increase profits for enterprises.

10 years of Entrepreneurship: the 3 time we put the company on NASDAQ.

In 2003, Ji Qi participated in the establishment of Ctrip listing; in 2006, as the founder of CEO, he pushed home as a listed company. Today, Hanting Hotels successfully overseas IPO.

Ji Qi built 3 companies in 10 years, and these 3 companies are listed on NASDAQ.

Because of such a brilliant record, Ji Qi was called the "godfather of entrepreneurship" by the media.

According to the view that investment companies often say "investing is to invest", Ji Qi has also become a legend in the venture capital industry.

In Ji Qi's view, the market potential of China Econo Hotel is still very large.

Ji Qi told reporters that for many times entrepreneurship is mainly a challenge to himself.

The establishment of Ctrip has already given him enough wealth, and founding a home is another hotel that he did during Ctrip's work.

And Han Ting is Ji Qi who has taken all his savings to do it, and will make Hanting as a career in his life.

Ji Qi firmly believes that the future China's service industry will produce many of the world's largest companies, because the largest scale of China's service industry, any largest enterprise is likely to be the number one in the world.

The three time is hand in hand with IDG: friends and investors.

Behind the listing of Hanting, Ctrip and home, there is a common venture capital, that is, IDG.

And IDG was settled in the first round of financing.

Xiong Xiaoge of IDG has seen the three companies listed overseas by Ji Qi for the first time, while Xiong Xiaoge and Ji Qi are friends in life and business partners.

Xiong Xiaoge attended the press conference at Hanting, saying that he came to attend the press conference in Hanting, mainly to make up for an agreement between him and Ji Qi.

When Ji Qi launched the Ctrip and listed on the home market, Ji Qi did not ring the bell on the Nasdaq, but the Han court was listed at the beginning of the two people's appointment with the Nasdaq for the listing of Hanting.

Xiong Xiaoge's failure to make the appointment become a bubble, so Xiong Xiaoge hurried to Beijing Hanting media communication meeting to meet Ji Qi and congratulate Hanting's listing.

A Chinese company, doing the same hotel business with the same CEO and listing in the same place, is very difficult for Ji Qi, who has been successful.

And Ji Qi did it and created a myth.

China's service industry will usher in new development

What is the inspiration of the listing of Hanting chain hotel to China's economic pformation?

In Ji Qi's view, the biggest inspiration is that China will usher in the rapid development of the service industry, and a number of service brand from China will be listed on the market and become a world-class brand.

This is also in line with the trend of China's economic pformation.

As a "world factory", China has encountered great obstacles in this round of global financial crisis. Due to the shrinking of the global market demand, China's export has suffered a serious decline. It is unrealistic to expect export to stimulate economic growth.

China's economy is facing a pformation from export driven economy to consumption driven economy.

Compared with developed countries, China's service industry still has great room for development, and the service industry is facing unprecedented opportunities.

At the same time, China has been short of world-class brand of service industry. The proportion of service industry in GDP not only lags behind those in Europe and America, but also falls behind developing countries such as Brazil and India.

Considering that China has the largest consumer market in the world, it is very unusual for China not to have world-class brands.

Therefore, the development of China's service industry in the future will be very large.

McKinsey's research report also shows that China will face upgrading from "made in China" to "Chinese service" in the future.

With the rapid increase of China's population flow, China's service industry will face a new wave of development opportunities, the first of which is the Econo Hotel and related service industries.

Xiong Xiaoge is also very optimistic about the prospect of China's service brand listing in the future.

He believes that if China's enterprises are listed in the us from 2000 to 2009, mainly those Internet and New Energy Company, then in the next 10 years, there will be a large number of Listed Companies in the United States.

This is also a sign of the success of China's economic pformation.