Yang Zhiyuan

Yang Zhiyuan

Jerry Yang, male, born on November 8, 1968 in Taipei, Taiwan Province, China, is the founder and former CEO of the world-famous Internet company Yahoo. In 1994, he and David Filo founded the world's first portal, Yahoo! On January 18, 2012, Yang Zhiyuan resigned as a director and all other positions of Yahoo.

In the United States, the "100 people association" is composed of more than 100 outstanding Chinese Americans. Among them, Yang Zhiyuan, the founder of Yahoo, whose ancestral home is Hubei, is known as "the first person in the network of the century" and the representative of entrepreneurs. With a strong Chinese complex, he has inspired generations of Chinese Internet followers.

In November 2014, he joined the board of directors of Lenovo as an independent non-executive director and will no longer serve as an observer on the board of directors of Lenovo. On December 8, 2015, Yang Zhiyuan served as the board observer and senior consultant of didi express.

In August 2019, he was selected into the "Forbes Global billionaire list 2019" with a wealth of US $2.6 billion, ranking 877. On February 26, 2020, with a wealth of 14 billion yuan, it ranked 1443 in the 2020 Shimao Shenzhen Hong Kong International Center · Hurun global rich list.

Character experience

Yang Zhiyuan was born on November 8, 1968 in Taipei City, Taiwan Province, China. His father died when he was two years old. He and his brother were raised by his mother. Yang Zhiyuan entered Stanford University with excellent results in 1990. The Electrical Engineering Department of the university is an integral part of Silicon Valley. He took electrical engineering as an elective course. It only took him four years to get his bachelor's and master's degrees, and he met David Ferrer. Yang Zhiyuan and David Filo co founded Yahoo Internet navigation guide in April 1994, and registered Yahoo in March of the next year.

Entrepreneurial experience

At the end of the second quarter of 1996, 2 million Internet users visited Yahoo every day, 14 million times a day. 75% of them are repeat customers. But Yang Zhiyuan is not satisfied with just having a brand that can attract repeat customers. "If we are a software tool company, we will be crushed by Microsoft," he said. "If we are a publication with loyal readers like time, we will develop for a long time."

In the first quarter of 1996, compared with its competitors Infoseek, excite and Lycos, Yahoo's daily visits were more than twice that of its competitors. At the end of 1997, the average daily visits reached more than 90 million, more than the total visits of all competitors. Even Infoseek's boss has to admit that Yahoo has surpassed other rivals. Indeed, Yahoo is not what it used to be: the company has a lot of admirable management talents, a complete set of marketing strategies and, most importantly, 100 million dollars in cash. "Yahoo is already ahead of its peers in many ways, so it's inappropriate to compare it with other search engines," one analyst said

In 1997, Yahoo earned $67 million and lost $23 million. On the books, this is a failed company. But on the Internet, it is the biggest star. The market value surpassed Netscape to $2.8 billion. In the third quarter of 1997, the market value of Yahoo surpassed that of Netscape for the first time.

Yahoo has become the favorite of Wall Street, and Yang Zhiyuan's property has also gone up. Of course, the greatest happiness is not money. "What feels good is that you are changing the world every day. You get up every morning and ask, "what do I get up for?" Then you think that if you don't go to work, Yahoo may have problems. The little website we built in those days is now used by millions of people every day. Whenever we see this situation, we will say: "Wow!" Even a chill. It's a very wonderful feeling

In the first half of 1998, at least 30 million users visited Yahoo! Every month, and the daily browsing and downloading volume reached 100 million pages!

In 1998, Forbes magazine launched high-tech 100 millionaires. Yang Zhiyuan ranked 16th with a fortune of 1 billion US dollars, surpassing Wang Jialian, CEO of Guanqun, and becoming the richest Chinese in high-tech.

In April 1999, formal net income was US $25.1 million and income was US $86.1 million. The company still maintains strong growth.

In 1999, Yang Zhiyuan and Filo have become the helm of Internet media companies, with a market value of 39 billion US dollars, while Yang Zhiyuan's paper wealth has reached 7.5 billion US dollars.

The number of views increased from 167 million per day in December 1998 to 235 million per day, an increase of 41%. Meanwhile, the number of registered users increased from 35 million to 47 million. The user growth rate in February was the best among the top ten websites, and it was twice the average growth rate of the whole network.

In June 2007, he became the CEO of Yahoo.

On November 18, 2008, Yang Zhiyuan resigned from his current position as CEO, but retained his position as a member of Yahoo's board of directors.

On January 13, 2009, because of Yang Zhiyuan's suggestion, Yahoo's board of directors appointed Carol Bartz, the "Queen of Silicon Valley", as the CEO of the company.

On September 7, 2011, Yahoo's board of directors dismissed Bartz, the CEO who took office in January 2009, by telephone, announcing that Moore, the former CFO, will serve as the interim CEO, while Yang Zhiyuan and Filo will continue to serve as "Yahoo chief". At the same time, the company will entrust headhunters to find a new CEO. Affected by the news, Yahoo shares rose 6%.

On February 23, 2013, Lenovo group appointed Yang Zhiyuan, founder and former CEO of Yahoo, as an observer of the board of directors.

On November 6, 2014, he joined the board of directors of Lenovo as an independent non-executive director and will no longer serve as an observer on the board of directors of Lenovo.

On December 8, 2015, Yang Zhiyuan served as the board observer and senior consultant of didi Kuai.

Study

At Stanford University, people who are familiar with him think that Yang is not diligent and even a bit lazy, but he is active and sociable. He is the leader of the university community and has trained his organizational ability as an enterprise leader in the future.

When he graduated from University, he felt that he was not mature enough, so he stayed in the university to engage in research work. It happened that David Ferrer also stayed in school for research. Their encounter and friendship is undoubtedly the key to Yahoo's success.

Yang Zhiyuan and Filo are old friends. Filo graduated from Duran University in 1988, and once served as an assistant tutor for Yang Zhiyuan. Yang Zhiyuan, who always takes "a", actually gets "B" in fero's judge's pen, which Yang Zhiyuan still complains about. Later, they attended class together and cooperated in homework. With this as the starting point, the two became the best partner. Feiluo is introverted and fond of meditation, while Yang Zhiyuan is an active leader in the club. Filo is good at sorting out information on the screen. He has a feeling that "as long as he is in front of the terminal, he can rule the world". Filo's lab is like a place hit by a storm. Yang Zhiyuan's residence is relatively clean, but there is no plan for the operation of the computer. The two men's laboratories are adjacent to each other. Soon, they signed up for Japan. There, both became foreigners and their friendship grew with each passing day. Back at Stanford, they set up a small office on a school Trailer.

Create Yahoo

In April 1994, Yang Zhiyuan and Filo, who were still studying at Stanford University, became addicted to the Internet in order to complete their thesis and spent all their time searching for information on the Internet. In this process, they collect a lot of sites they are interested in and add them to bookmarks, such as scientific research projects, tennis matches and so on, in order to find them.

However, with more and more sites collected, they find it very inconvenient to find them. Therefore, they sort out these bookmarks by category, and subdivide them into subdirectories when each directory can't accommodate them. This core method is still the tradition of Yahoo. It was compiled into software and put on the Internet for other surfers to enjoy. Soon, their website attracted many users and received great attention and wide welcome. People feedback information one after another and attach constructive suggestions to make the content more perfect. "If there were not so many external responses, we would not have continued, let alone today's Yahoo.". By the winter of 1994, they were so busy that they even had a luxury of eating and sleeping, and their studies were left behind. At that time, the name of the software was "Jerry guide to the world wide web.".

With the "guide" becoming more and more popular and concerned, many netizens have entered the workstation of the Electrical Engineering Department of Stanford University to use the software, which greatly troubled the school and complained that the invention affected the normal operation of the school computer. However, Yang Zhiyuan and Filo are still making efforts to this end, and they have launched special columns: "coollinks" and "hardto believe", and renamed the website: "Jerry and David's Guide to the World Wide Web". Limited by the conditions at that time, the data of the website was stored in Yang Zhiyuan's computer, nicknamed "Akebono"; the search engine was stored in Filo's computer, nicknamed "konishiki", which were the names of their two favorite wrestlers.

At that time, there were many competitors on the Internet, such as webcrawl

Chinese PinYin : Yang Zhi Yuan