Core Points - The article reports the unfortunate passing of renowned investor Xiao Qingping in a car accident in Tibet on October 6, 2023 [4] - Xiao Qingping was a prominent figure in angel investing, being the founder of the Angel 100 Club and the managing partner of its seed fund [4][9] - He had a significant impact on the investment landscape in China, having invested in over 40 projects totaling nearly 100 million yuan [18] Company and Industry Summary - Xiao Qingping was the chairman of Beijing Zhangshangtong Network Co., Ltd., a company that pioneered mobile internet services in China [18] - The Angel 100 Club, which Xiao co-founded in 2013, aims to create a platform for angel investors to support entrepreneurs, reflecting a growing trend in the investment industry towards collaborative funding [21] - His investment portfolio included notable companies such as Lianbang Software, 8848 (Zhumulangma E-commerce), and various technology and media firms, showcasing his diverse interests in the tech and startup sectors [5][4]

Core Viewpoint - The article discusses the life and contributions of Xiao Qingping, a prominent figure in China's IT and angel investment sectors, who recently passed away in a car accident. It highlights his journey from a local entrepreneur to a significant player in the angel investment community, emphasizing his impact on the industry and the importance of supporting young entrepreneurs. Group 1: Personal Background and Early Career - Xiao Qingping was born in Hunan and graduated from Hunan University in 1983, moving to Beijing in 1988 to pursue further education and career opportunities [12][14][21] - His decision to leave Hunan was influenced by a Hong Kong agent's remarks, which motivated him to excel academically and gain admission to a prestigious trade school [20][22] Group 2: Investment Journey - In 1995, Xiao made his first angel investment of over 800,000 yuan in Weilang Computer, marking the beginning of his investment career [29][30] - He returned to Beijing in 1997 and became involved with Zhongbao Trust Investment Company, where he invested in Lianbang Software and later in 8848, China's first e-commerce company [34][39] - Throughout his career, he invested in over 40 projects, totaling nearly 100 million yuan, and played a significant role in the development of various internet companies [49][50] Group 3: Investment Philosophy and Reflections - Xiao described himself as an idealist, aiming to contribute to society through his investments and support young entrepreneurs [50][54] - He acknowledged the challenges of angel investing, noting that the environment has changed significantly, with entrepreneurs becoming more impatient and project valuations soaring [60][61] - Despite the difficulties, he expressed no regrets about his investment choices, emphasizing the importance of making meaningful contributions rather than following the crowd [51][54]