In China's fast-growing business arena, there is no shortage of eye-catching entrepreneurial stories, and Chen Xiaoying and her Shentong Express are undoubtedly one of the most eye-catching. In 1992, Chen Xiaoying and her husband Nie Tengfei went from having nothing to founding Shentong, and then pushing the company to the capital market in 2019. But what is unexpected is that only half a year after the listing, Chen Xiaoying decided to sell the company's shares to Ali at a high price and retreated from the tide of express delivery. How can she achieve better results in the new industry, and where will her eyes go in the future? All this makes people want to explore deeply.
Chen Xiaoying, who grew up in a difficult environment, became attached to her fateful partner Nie Tengfei in 1992 and embarked on an extraordinary life journey together. At that time, both of them were working in a printing and dyeing factory in Hangzhou, and although life was difficult, they relied on each other for their lives and survived the difficulties together. By chance, Nie Tengfei was selected by his boss to go to Shanghai to deliver customs declarations, although it was difficult and dangerous, but it unexpectedly opened a door to wealth.
Nie Tengfei's success greatly stimulated the couple's entrepreneurial enthusiasm. They quit their jobs at the factory and decided to devote themselves to the emerging business of customs declaration delivery. In China in the early 90s, when the economy was taking off and foreign trade was becoming more frequent, they saw this business opportunity. During the day, Chen Xiaoying hung up the phone like a fighter jet, and at night Nie Tengfei traveled between Hangzhou and Shanghai day and night, and their efforts were quickly rewarded.
In that era when there were not many telephones and the Internet was not yet popular, they gradually accumulated a group of loyal customers by virtue of their telephone yellow pages and unremitting efforts. Subsequently, they discovered a new service called for valet delivery. This discovery led to a dramatic increase in their business, and soon, they felt understaffed and gathered their families to join in and work together.
With the continuous expansion of the business, Nie Tengfei and Chen Xiaoying also carefully considered the name of the company. In the end, the word "Shengtong" was abandoned due to inconvenient pronunciation, and was renamed "Shentong", which means that through the window of Shanghai, the goods can be extended in all directions. The name was concise and powerful, easy to disseminate, and quickly became a well-known brand in the industry.
Just when Shentong Express was in full swing, in 1998, a sudden car accident took Nie Tengfei's life, which was undoubtedly a bolt from the blue for Chen Xiaoying. In the face of sudden changes, Chen Xiaoying was not defeated, on the contrary, she took over her husband's baton more firmly and brought Shentong Express to a new height. She not only expanded the company's business scope, but also promoted the innovation of technology and services, gradually making Shentong Express stand out in the industry.
In 2019, Shentong Express was successfully listed on the Shenzhen Stock Exchange, becoming the first listed express company in China. This historic moment is not only an affirmation of Chen Xiaoying and his team's efforts for many years, but also marks that China's express delivery industry has officially entered a new era in the capital market. As a result, Chen Xiaoying was also listed on the "2019 Hurun Women Entrepreneur List", ranking 43rd with a net worth of 10.5 billion yuan.
Behind the scenery, Chen Xiaoying has different plans in her heart. Only half a year after the listing, she sold a 45% stake in Shentong Express to Alibaba Group for 14.6 billion. This decision shocked the outside world, after all, Chen Xiaoying has grown from an ordinary worker to a strong woman leading a listed company, and her every step is full of legends. But for Chen Xiaoying, this is her choice after careful consideration, she believes that instead of continuing to fight in the red sea of the express delivery industry, it is better to cash out in time and find new growth points.
After quitting the express delivery industry, Chen Xiaoying did not stop. She set her sights on the emerging umbrella industry, and with her keen market sense and rich management experience, she soon achieved great results in the field and accumulated billions of wealth again. Such a cross-border once again proves Chen Xiaoying's business wisdom and extraordinary execution.
Chen Xiaoying is all about courage, tenacity and continuous innovation. From an ordinary worker to a top business leader, her every step was full of twists and turns and challenges, but she never gave up the belief in pursuing higher goals. Now, when she stands at a new starting point again, we can't help but ask, what will Chen Xiaoying's next goal be, and how will she write her own legend in the new industry?
Chen Xiaoying's career has demonstrated an extraordinary vitality and indomitable spirit. From a poor worker to a business magnate to a successful transformation, every change she made was full of wisdom and courage. More than just a business success story, she is an inspiring force that reminds us to embrace challenges and seek new opportunities when faced with adversity. Chen Xiaoying's future is full of infinite possibilities, and what her next step will be is a new chapter that we all look forward to witnessing.