Group Dynamics

Wu Xiangdong Provided RMB10 Million Dream Fund for a Post-90s Boy

2016-11-21

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On November 21, Liu Chong, a post-90s boy in Chinese Liquor Heroes Alliance, obtained RMB10 million “dream fund” offered by Wu Xiangdong.

Chinese Liquor Heroes Alliance initiated by Chairman Wu Xiangdong of Jindong Capital (VATS Group) launched the first session of backup general manager training in Liling City, Hunan Province. 57 talented young people in the alliance who were carefully selected listened to on-site lectures by giants inside and outside the industry such as Ji Keliang, Ma Yong and Wu Xiangdong. During the opening course on November 21, Wu Xiangdong made an investment commitment: Trainees should put forward entrepreneurial ideas and project plans and compete at the site, and then he would invest RMB10 million in angel rounds to the winner. Finally the entrepreneurial plan of Liu Chong, a post-90s boy from Hebei Province, impressed the judges. He won the fund. This has created the record of fastest entrepreneurial project in the liquor industry from release to financing.