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UPDATED: January 4, 2015 NO. 2 JANUARY 10, 2013
Young Power
Young entrepreneurs are making waves in the business world
By Yuan Yuan
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YOUNG VOICE: Yu Jiawen speaks at China's Central Television program Voice of Youth on November 22, 2014 (SNAP FROM CCTV)

Now, Super Curriculum has more than 10 million followers.

Guo Lie, a 25-year-old man from Hubei Province, also caused a sensation with his app MYOTee Lian Meng.

The app allows users to select from a wide variety of built-in templates for different parts of the face, and the completed images can be shared directly from the app to social networks. The number of users surpassed 20 million.

Guo's inspiration comes from the animation One Piece. In the cartoon series, there are snail phones that can imitate the characters' facial motions. Guo thought it was a good idea and wanted to make an app that could do the same.

"Young netizens are seeking a unique way of expressing themselves, as social networks are already integrated into their daily lives. The personalized comic avatars just meet their demands," said Guo. The overwhelming response has excited his team, which mainly consists of people born after 1990.

Business fever

In 2004, the top three bestselling books among college students were all novels while in 2012, the top three were the biography of Steve Jobs; Currency Wars, a book describing the global financial and economic situation; and Tiny Times, a novel about the life of young people from rich families.

On September 19, Jack Ma's Alibaba was listed on the New York Stock Exchange and Ma has become the wealthiest man in China.

"What has made Ma so successful? It is his understanding of business trends that allowed him to act at the right time. It is an era of ideas. No matter how novel or bold your ideas are, just create an opportunity to make your ideas come true," said a young entrepreneur developing cellphone games in Beijing who declined to reveal his name.

Sheng Xitai, a renowned investor in China, saw the difference of the modern era when he almost decided to retire. "These young people are unexpected and impressive," said Sheng. "Their ideas are so different to the people of my generation."

After meeting with some young business startups, 44-year-old Sheng decided to set up an angel investing company. The co-founder is Yu Minhong, CEO of New Oriental School, a giant language training institute in China. They named the company Angel Plus.

Xu Xiaoping, a cofounder of New Oriental School, left the school to start his own angel investment business in 2006. In recent years, Xu saw the surge in young business startups and quite a few of the cases that he invested in have been in the spotlight.

"These young people will change the picture of China's business in the future," said Xu. "Many are well educated and they are passionate, confident and smart. It is an exciting time." "These young people undoubtedly have their own problems, such as lacking marketing and management experience and sometimes are too young and naive but we need to give them time to grow up," said Sheng, after attending many business startup competitions in many colleges all over the country. "They seem to know by nature how to promote themselves and this is what people of my generation are not good at." 

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