Mao Daqing leave Vanke intention to start a business, build Chinese version WeWork

March 9 News, according to the latest information obtained by reporters, Vanke senior vice President Mao Daqing after the separation will choose their own business, trying to build the Chinese version of the WeWork, This has made the entrepreneurial community a new business model emerge.

 
Last December, WeWork, the United States and the main office space leasing service, announced a $355 million trillion in funding that the company valued at $5 billion trillion, enough to show that capital is bullish on the business model.
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Soho China announced the launch of its short term rental office space Soho 3Q This January, and the you+ International Youth apartment, which was invested by the famous angel investor Lei last year, will also launch the you+ international start-up community in four first-tier cities this year, Entrepreneurial Office Community This new entrepreneurial model, in the domestic gradually exposed.
 
What kind of magic is hidden in the business model dubbed "Alternative real estate agent"?
 
"Two landlords" have financing features
 
from a business model, WeWork's approach is to rent the entire floor office at a discounted price, then split into a separate office space and rent it to an entrepreneurial company that is willing to work next to the office. From this point of view, there is no difference between wework and the so-called "two-landlord model".
 
in 2011, Su Ying, an investment bank, pioneered the creation of a gathering office space for entrepreneurs and investors--garage coffee. According to Su Ying, more than 400 projects have been invested in garage coffee in 3 years, with 3 projects in the successful IPO. In 2014, Su Ying joined the you+ International youth community as co-founder.
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You+ International youth Community founder Liu Yang told reporters that with the rapid development of mobile Internet, the entrepreneurial team is growing, in recent years the government has introduced policies to encourage support entrepreneurship.
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How many entrepreneurial groups are there in the country? But according to Tencent's open platform last November, the number of entrepreneurs on the platform alone has reached 5 million, an increase of 400% per cent, with two or three of urban entrepreneurs growing at more than 200%, and more than 50% of entrepreneurs under the age of 25.
 
"Not only are entrepreneurs growing, but angel investors are also growing, and they are also thinking about how to improve efficiency and find good investment projects." Liu Yang told reporters that the purpose of setting up an entrepreneurial community is not only to provide the entrepreneur with a cheap office environment, but also to integrate all kinds of resources, to provide entrepreneurs with all kinds of services needed for entrepreneurship, and even to graft angel investors, and finally from the mere office leasing, into a business incubator with PE (venture capital) nature.
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The profit model needs to be hard to explore
 
While the market is huge, it's not easy to get a slice of it.
 
Huangli, director of Hong Kong's Guangdong Securities Investment Bank, said that in comparison to the US, China's office rentsLeasing accounted for a higher proportion of the operating costs of enterprises, because entrepreneurial offices often have higher requirements for location and transportation convenience. If the cost is not affordable for most young entrepreneurs at normal prices, it is the main reason why a successful short-term leasing office in the United States, such as Regus, cannot succeed in China.
 
"If you operate in accordance with the Internet model, giving young entrepreneurs very favorable rental prices, which means that office space and follow-up services are basically unprofitable, then the profit model of the entrepreneurial community is closer to the venture capital, that is, through a stake in a successful project to obtain return on investment." Huanglichong told reporters, but at home, the current PE/VC equity investment success rate is only 5%, so low success rate is difficult to cover the entrepreneurial community's high cost investment.
 
A senior executive who declined to be named also told reporters that in recent years there have been many scattered entrepreneurial communities in the country, but the scale is not big, the biggest reason is difficult to find a profit point. In foreign countries, the so-called entrepreneurial incubation community, more for the government subsidy, if fully market-based operation, to achieve a handful of profit.
 
"Of course, Mao Daqing's influence and connections in the industry may help it get better entrepreneurial projects, but it's not easy to make a profit without government subsidy support." said the person.