Yu Minhong is the founder of New Oriental Education Group and an expert in English teaching and management. He serves as chairman of New Oriental Education Group, co-founder of Hongtai Fund, vice president of China Young Entrepreneurs Association, and member of the All-China Youth Federation.
Born in 1962 in an ordinary rural family in southern Jiangsu. After failing the college entrance examination twice, I was finally admitted to Peking University for the third time. After graduating from college, he stayed at the school to teach, but was punished for making extra money privately. In anger, he resigned and started a self-employed English training business.
In 13 years, Yu Minhong’s New Oriental was listed in the United States. The latest Hurun Rich List shows that Yu Minhong has a wealth of 16 billion yuan and is the second richest man in the education industry.
In November 1993, Yu Minhong officially started his own business. He rented a 10-square-meter small house with air leakage near Zhongguancun, and his two employees were his wife. In order to recruit students, Yu Minhong went out to post small advertisements in the middle of the night. Holding a paste brush in one hand and pushing a bicycle with the other, I walked to the telephone pole, swish, swish, posted a small advertisement for training and recruitment, and ran away, for fear of being seen by others.
In the early days of entrepreneurship, Yu Minhong, Xu Xiaoping, and Wang Qiang played a key role as the troika of New Oriental. The three of them worked together to successfully list New Oriental in the United States. The domestic film "Partners in China" is a film based on the three people.
On September 7, 2006, Yu Minhong and his New Oriental were successfully listed in New York, USA. Their wealth increased significantly and they succeeded in counterattacking.
Extended information
Yu Minhong’s inspirational quotes:
1. Hardship and hardship are the source of happiness, and comfort and enjoyment are the beginning of suffering.
2. Luck can never last a lifetime. The only thing that can help you last a lifetime is your personal ability.
3. Even if it is the most hopeless thing, as long as a brave person persists in doing it, there will be hope in the end.
4. People who move from low self-esteem to self-confidence are truly confident. People who are blindly confident from the beginning actually have no self-confidence.
5. Some people are not brilliant in their lives, not because they cannot be brilliant, but because they have no brilliant thoughts in their minds, or they don’t know how to be brilliant.
6. There is no end to success, no end to life, no end to the hardships and hardships in life that test us, and no end to the gains and joy we gain after hard work. When you fully understand the meaning of the phrase "success never ends", the beauty of life will open her charming smile to you.
7. The snail’s shell was added by myself.
8. As long as the snail climbs to the top of the pyramid, the world it sees and the achievements it gains are exactly the same as those of the eagle.
Baidu Encyclopedia-Yu Minhong