From 65438 to 0998, as one of the producers, Xu Yong filmed a large-scale documentary "Into Silicon Valley", which objectively and comprehensively reflected the development process of Silicon Valley and deeply explored various factors behind its success. In Silicon Valley, he was repeatedly invited to introduce the venture capital mechanism and entrepreneurial culture of Silicon Valley to senior officials of Chinese mainland government. 1999, Xu Yong co-founded Cybercalling-com, a profitable online e-commerce company within half a year. He keeps close contact with many business groups in Silicon Valley and provides business consulting for many emerging high-tech enterprises.
At the end of 1999, Xu Yong and his friend Li Yanhong returned to China and founded Baidu Network Technology Co., Ltd.
Xu Yong speaks modestly, wears black Hanfu and behaves like a scholar. Talking about entrepreneurial experience is like yesterday. Xu Yong's eyes were full of excitement: "1At the end of 999, the whole country in the United States was enveloped in the Internet craze, and everyone was talking about the Internet. We have a hunch that the Internet in China will have a good development in the future. The impulse to start a business brought me and my alumnus Li Yanhong together.
Li Yanhong graduated from Peking University majoring in information management on 199 1, and then went to new york State University in Buffalo to complete his master's degree in computer science. During his eight years in the United States, Li Yanhong served as a senior consultant of Dow Jones. The real-time financial system he designed for Dow Jones is still widely used in the websites of major Wall Street companies, including the online version of The Wall Street Journal. He is also a senior engineer of InfoSeek, an internationally renowned Internet company, and a new generation of experts in the field of Internet technology.
The impulse to start a business prompted Li Yanhong to write a business plan. We have lived in America for nearly 10 years, and we have a deep understanding of American investment mechanism and western values. When we got the first sum of money 1.2 million dollars, we returned to Zhongguancun from Silicon Valley in the United States and founded Baidu Network Technology Company. ""the company's office was originally located in the resource hotel of Peking University. The first franchisee was an associate professor in the Computer Department of Peking University, who was then the company's vice president of technology. It took courage for two people to join a small company at that time. In the United States, more than 95% of small companies will disappear automatically within three years. Then we recruited other students, all master graduates from Peking University, Tsinghua, Chinese Academy of Sciences and Jiaotong University. I made a product plan and a Chinese search engine. At that time, Li Yanhong and Liu Jianguo rented a hotel room, which was the "resource hotel" of Peking University. We began to design the software system as a whole and write programs in different divisions. The people we recruit are all experts in writing programs. "
In August 2004, Xu Yong submitted his resignation to the board of directors. On June 65438+February 65438+June 2004, Xu Yong officially left the Baidu office in Ideal International Building. In an interview with the reporter of China Business News, Xu Yong said with sadness that it would be his greatest regret not to experience Baidu IPO.
After leaving, Xu Yong didn't know what he had done. On August 5, 2005, Xu Yong went to Nasdaq at the invitation of Li Yanhong, witnessing the historic moment of Baidu's listing. After Baidu IPO, Xu Yong owned 7% of Baidu's shares, and Baidu's extraordinary performance made Xu Yong become a billionaire overnight. Subsequently, Xu Yong announced that he would report to Stanford University in August for a one-year MBA study, temporarily returning from an entrepreneurial entrepreneur to a full-time student to save energy for his future comeback. Jin Woo Education Fund was established by Dr. Xu Yong, a famous IT entrepreneur and one of the founders of Baidu, with the first donation of 2.5 million yuan. The fund mainly includes three awards: Jin Woo Scholarship, Jin Woo Work Scholarship and Top Ten Primary School Teachers Award.