1977 was born in Tiantai, Zhejiang, an ordinary rural family. His father is a carpenter and his mother is a rural woman. After work, Pang Shengdong worked as a salesman in Ma Yun's China Yellow Pages Company for half a year, and then worked in a public institution in Ningbo for three years. Through the internet, he made himself a millionaire at the age of 24 and doubled his wealth at the age of 28. 1999 and 2000, Pang Shengdong earned about150,000 yuan through several personal websites and earned the first pot of gold in his life. In the next four years, he made millions more by providing paid securities information on his personal website. In 2006, Pang Shengdong and several investors plan to transfer a large part of the shares of 5 1.com to a charitable foundation for custody.
200 1 set up an online securities consulting company. Since 2005, the monthly profit of this securities company has exceeded10 million RMB.
In 2004, the website 1tong.com.cn was established. 1tong can count what170,000 netizens do online every day. After half a year, it became the largest statistical website in China, providing free traffic statistics for more than 60,000 websites nationwide, with a daily traffic of 65.438+0.2 billion.
In March 2005, Pang Shengdong bought the domain name 5 1.com for 980,000 yuan, which set a record for domain name acquisition in China. Determined to use 3-5 years to build China people's largest online personal home and a listed company. Pang is not trying to build 5 1.com into a blog community, but is managing 5 1.com with blog strategy.
The rapid development of 5 1.com later proved the correctness of the blog talent strategy. In the 5 1 team, 70% people joined 5 1 through blog recruitment and talent recommendation. These people first learned about the company through the blog platform, and they have a high degree of recognition, dedication and respect for the overall strategic objectives of the company. In Pang's own words, they are a heroic team.
In June, 2005, we recruited talents through blogs, and the number of employees increased from the initial 7 to 20.
In July 2005, 5 1.com acquired the personal data storage website 10770.com, and integrated the content.
On August 8, 2005,18,51.com was officially launched.
On February 29th, 2005, 5 1.com jumped into the top 500 ALEXA global websites of the world's authoritative media investigation agency.
In February 2006, the second round of large-scale recruitment was carried out, focusing on the introduction of technical personnel.
In March 2006, it reached an investment intention agreement with Sequoia Capital, the world's top venture capital fund.
In April 2006, 5 1.com ranked among the top 200 websites in the world, and its business data developed rapidly at a rate of 30% per month.
In May 2006, 5 1.com signed a cooperation agreement with Sequoia Capital China, and the first investment of US$ 4 million was officially completed.
In July 2007, intel capital led the private equity financing of 5 1.com company (round B). This investment also includes three venture funds jointly invested by Red Dot Venture Capital, Sequoia Capital China and SIG, with a total investment of120,000 USD.