It is said that when Fanfo shut down, only two people left the entire team, one of whom was Zhang Yiming, the founder of ByteDance.
On March 4, 2010, this highly cohesive team set out again and founded Mi Tuan.
And unlike previous history, Mi Tuan received attention from Hualong Investment Company upon its establishment, which proactively invested a sum of money.
However, Wang Xin, who had experienced multiple entrepreneurial ventures, had become very cautious and careful, and did not think that the more funds raised, the better, at the very beginning of the company.
Because the more funds you raise, the more shares you have to give up.
After all, you are a newly established company, and no venture capital company will give you a high valuation without seeing your company's development potential.
Unlike their rivals who were madly staking claims, Mi Tuan's pace seemed unhurried.
