Venture(US:VEMLY) Jing Ji Guan Cha Bao·2025-10-09 05:07Core Insights - The article discusses the unexpected passing of Xiao Qingping, a prominent angel investor and chairman of Beijing Zhangshangtong Network Co., Ltd, who died in a car accident in Tibet [1][2] - Xiao was known for his significant contributions to the IT industry in China and his role in supporting numerous startups and entrepreneurs [4][6] Investment Journey - After graduating with a master's degree, Xiao Qingping ventured into the business world in Hainan, eventually investing in the IT sector after a trip to the United States in 1995 [2][3] - He was instrumental in the establishment of Zhongba Trust Investment Company and played a key role in the success of Lianbang Software, which became a leading brand in the software industry during the 1990s [2][3] - Xiao's investment in 8848, China's first B2C e-commerce company, showcased his early involvement in the internet sector, although the company ultimately faced challenges leading to its downfall [3][4] Contributions to the Industry - Xiao Qingping transitioned to a professional investor, deeply engaging in the domestic internet industry and advising companies like Sina and Lianzhong Games [4][5] - He invested in various companies, including China Travel Information Network and Zhangshangtong, which he led to a successful listing on the New Third Board in 2011 [5] - Xiao was a founding member of the Angel Hundred Association, aimed at supporting entrepreneurs and fostering innovation in the startup ecosystem [5][6] Investment Philosophy - Xiao's investment approach was characterized by a non-financially driven philosophy, focusing on helping young entrepreneurs succeed rather than purely seeking financial returns [6] - He encouraged grassroots entrepreneurs to actively participate in internet and IT ventures, famously advising them to "graduate early and celebrate with an IPO" [6]