Secret: Entrepreneurship Myth Of Wang Yongqing, The Oldest Son Of Formosa Plastics, Wang Wenyang

If Wang Wenyang is a scholar, he has no stereotype of ordinary scholars; if Wang Wenyang is a businessman, he has no ordinary businessman's cunning.

Wang Wenyang is a man who combines the intellectual and entrepreneurial spirit of a scholar perfectly.

In an interview with reporters in the new era of China, Mr. Wang Wenyang said in a low voice: "I don't deserve to be successful. These are still far away from me. I feel like I am still working hard, and I am trying to do it well."

For decades, the development of the Hong Ren group founded by Wang Wenyang is obvious to all.

In 2007, after 10 years of hard work, the capital of the Hong Ren group reached US $225 million, with an annual turnover of more than US $900 million.

In July 9th this year, Wang Wenyang was awarded an honorary doctor of Science degree from Imperial College London, University of London.

This is the highest level of Science Award in the college. The winners of the prize are the queen of England, Prince Philip of Edinburgh, the first lady of Qatar, Queen Sheikh Muzata Bint Nasser Masnad, and so forth.

Wang Wenyang is also the first Chinese to win the honor in the history of the school.

As a second generation of Taiwan entrepreneurs, Wang Wenyang's experience is quite special.

Although Wang Yongqing, the eldest son of Taiwan's business God, was forced to leave when he took over the Formosa Plastics industry, he started to start his own business at the age of 45.

In 1995, Wang Wenyang, who had devoted nearly 20 years to Formosa Plastics, was suddenly dismissed by his father.

There are two arguments for Wang Wenyang's departure from the outside world: one is that Wang Wenyang has extramarital affairs, which makes his father get angry and throw him out of the house in one breath. Another argument is that this is the result of the dispute over the inheritance right within the Wang family.

In fact, before that, Wang Wenyang had already had a premonition that he would leave Taiwan.

As the eldest son of Wang family, Wang Wenyang has always been deeply loved by her grandmother.

At first, Wang Wenyang did not want to go back to Taiwan. In 1975, when he graduated from Imperial College London in University of London and received his doctorate in physics, he went straight to the United States and worked there to earn his first 1 million in his life.

He also helped his father manage his Formosa Petrochemical Business in the United States.

Wang Wenyang's talent and knowledge also gratified grandma and father.

In response to his grandmother's request, Wang Wenyang returned to Taiwan from the United States in 1980 and entered the Formosa Plastics industry.

With the help of his father's platform, Wang Wenyang based his expertise on introducing advanced electronic products such as fiberglass fat, fiberglass cloth and semiconductors into South Asia.

It is a great difference between Wang Wenyang and his father, Wang Yongqing, that he attaches importance to the combination of technology and commerce.

There was a great difference between father and son because of the need to continue to pursue a doctorate.

Wang Wenyang, who insisted on reading, was not only supported by his father, but was cut off by his father.

Father Wang Yongqing objected to his son, Wang Wenyang, who continued to pursue his doctorate because he felt from his experience that the amount of knowledge he possessed was not directly proportional to the success of his career.

But Wang Wenyang disagreed with his father.

He established the excellent operation of Nanyang plastics company and Nanya Technology Corp, and he served as chairman and general manager of Nanyang Technology Company. He made pioneering contributions to Formosa Plastics Group's entry into the technology industry, opened up a new way for Wang's Formosa Plastics Group to develop new high-tech intensive industries, and laid the foundation for the Taiwan rubber group to enter the modern industry.

But Wang Wenyang did not think that he would leave Taiwan Formosa someday.

Wang Wenyang, who was away from Formosa Plastics in Guangzhou, was unable to find his way out at the moment. In the most frustrated and depressed moments of his life, Chang-lin Tien, Wang Wenyang's best friend, a famous scientist and President of Berkeley University of Guangzhou, came forward.

Wang Wenyang received a letter from the other side of the ocean, and Chang-lin Tien warmly invited him to teach at Berkeley University.

Wang Wenyang, who had no choice, left Taiwan for America in November 1995.

However, this can not make up for the loss of his mind.

As early as in 1991, Wang Wenyang, who was still working in the Formosa Plastics South Asia company, led a group of people to make a complete investment plan for developing electronic products in the mainland.

Keen Wang Wenyang has already seen the development opportunities of the mainland, and the thick plans contain Wang Wenyang's heavy continental ideal.

However, due to cost considerations, the plan has not been approved by South Asian leaders.

Wang Wenyang, who did not give up easily, found Wu Qinren, chairman of South Asia, and suggested that "we can invest in a small factory in the mainland and learn and experiment on the mainland".

In this way, Wang Wenyang was able to seize an opportunity.

South Asia built a small factory in Shijing, Guangzhou. It was the first time that Taiwan plastics invested and built factories in the mainland.

"Just sowing the seeds, it is thriving, but can not see it blossom and bear fruit, this feeling is really bad," Wang Wenyang described the mood when he left Taiwan.

During teaching at Berkeley University, Wang Wenyang was always depressed.

Chang-lin Tien, a good friend, understands his thoughts and supports Wang Wenyang's contribution to the mainland.

Luckily, some of their good friends had already secured an investment fund for Wang Wenyang.

Wang Wenyang chose Guangzhou as the starting point of his career.

To Wang Wenyang's delight, his idea of entrepreneurship was strongly supported by the Guangzhou municipal government at that time.

So, in 1996, Hong Ren group was founded in Guangzhou.

Since July 1996, Hong Ren electronics and Hong Yu plastics broke ground in Yun Po and started to put into operation in September 1997. By 2006, Hong Ren group has developed into a strength group with a turnover of 900 million US dollars and a capital of 225 million US dollars.

At the age of 45, he started his own business.

Wang Wenyang neither gamble on the capital of tomorrow, nor is he alone. He can come and go freely. He bears the responsibility of his family.

Although some of the financial problems have been solved by friends' enthusiasm, there is still a huge funding gap.

Looking back on the difficult course of 10 years of entrepreneurship, Wang Wenyang is full of complex feelings. "These 10 years are very rare and valuable experiences. I am very grateful. Although I have experienced many hardships, I still feel that God is very kind to me, giving me such a good opportunity to let me experience the value of life from a great turning point".

The reason for starting a business is to stick to the high quality route, and most of their products are exported. But Wang Wenyang said that the situation is different now. The mainland market is huge and developing better and better. When the economic structure of the mainland slowly matures, more and more products will start to sell to the domestic market.

The proportion of domestic sales in the US accounts for 70%-80%, and the mainland economy is also turning to domestic sales.

The focus of the whole group is also shifting to domestic sales.

At present, Hong Ren's products have been in short supply.

In order to win enough capital flow to expand production capacity, Hong Ren group is actively planning the listing of several subsidiaries.

Because Guangzhou Hongchang Electronic Materials Co., Ltd. is relatively independent financially and is scheduled to go public in September 2008.

In March 2009, Guangzhou Hongchang, Shanghai Honghe, Shanghai Honglian and Guangzhou Hongren will be listed in Hongkong H-share, the four subsidiaries of the Electronics Department of Hongren group.

Through financing, Hong Ren group's first five years in the future will achieve 3 times the expansion of electronic products, and second times five years to expand the capacity of 3 times.

In Wang Wenyang's mind, Chengdu is an ideal place to invest.

Under the circumstances of the successful implementation of the plan for the next 10 years, he will set up points in the western regions such as Chengdu.

Speaking of which, Wang Wenyang on the other side of the phone is very firm.

Although Wang Wenyang left the Formosa plastic shop for a long time, he left the wrong place. In his free space, Wang Wenyang could give full play to his creativity and talent.

Suffering is bitter, but after all, it is worth it.

At present, the glass fiber and glass cloth made by Shanghai Hong Lian and Hong He electronics company have reached the world class standard. Their products have been recognized by some world-class enterprises, and the products of the United States, Japan and Hong Ren can be achieved only in the world.

In mainland China, SONY PS3 motherboard is designated to select macro materials.

"High technology, high quality and high investment, we decided to make long-term preparations for development in the mainland at the very beginning. We may have a longer time to achieve the desired return and return, but this is our goal.

We hope to go step by step to get closer to this goal.

This is a keynote that Wang Wenyang gave to him.