You may not know that behind Zhang Yiming and Zhao Changpeng is a common big shot: Chen Weixing.

He made the Forbes list at 29, built a company worth 10 billion in 3 years, only to be kicked out at the peak, losing control overnight.

After disappearing for 3 years, he entered the cryptocurrency world, just to 'rewrite' the underlying rules of the wealth game.

The story of this 'cryptocurrency madman' is even more exciting than you think👇

🌱 Small town boy: desperately trying to turn his life around

In 1983, Chen Weixing was born in Shangyu, Zhejiang. This is one of the richest counties in the country, but his family was very ordinary, with his mother passing away early and his father being a farmer.

Since childhood, he knew: destiny can only be rewritten by oneself.

While others needed pocket money, he sold river sand to make money;
While others played games after the college entrance examination, he helped clothing factories write marketing plans and sign contracts, trying to establish joint ventures.

Although it didn't succeed, the seed of entrepreneurship had already been planted.

🎓 Academic + Maker, stepping into the internet

At 18, he got into a 211 university but didn't like the major, directly dropping out to retake the exam.

The following year, he entered the Civil Engineering Department at Zhejiang University, starting the 'All-round entrepreneurship reserve' model:

  • Self-taught programming, developing engines;

  • Organized a campus tech magazine;

  • Organized the Challenge Cup;

  • Secured national project funding.

While studying, he also wanted to start a business, it's too competitive.

🎮 First explosion: turning around with web games

In 2006, during his junior year, he gathered 170,000 with 7 classmates to establish 'Pan City Technology' and made web games.

The early days were extremely tough, eating discounted bread, living on less than 500 yuan.

As a result, he created something fierce technically—WEB2.5D, capable of displaying dynamic images on web pages.

In 2007, they launched (Magic Academy), and it exploded!

In a year, there were 20 million users, monthly income in the millions, and Shi Yuzhu, Zhou Hongyi, all invested money, raising 47 million.

Chen Weixing succeeded in this wave, completing his first internet project in life.

🚖 Second sprint: Kuaidi taxi is here

In 2012, he set his sights on the ride-hailing market.

At that time, it was hard to hail a taxi, and taxis were inefficient, he saw an opportunity coming:

'In Hangzhou, there are 6 million taxi rides a day, and in 30 cities nationwide, it's 1.8 billion in revenue, taking 1%, you can earn 1.8 million a day!'

So he invested 3 million himself, incubating the 'Kuaidi Taxi' APP.

At first, no one believed in it, even internally advising him to give up, and the team shrank from dozens to just two.

🔥 The war with Didi: a cash-burning battle

In 2013, Alibaba and Matrix Partners invested in Kuaidi, money came in, and the subsidy war began!

Kuaidi burned 30 million, Didi relied on Tencent, throwing in 15 million at a time.

Both sides fought fiercely, burning money to grab market share, ultimately ending in a stalemate.

In 2015, Didi and Kuaidi merged. But problems arose:

Chen Weixing exited.

In the early days, he gave up shares to find professional managers, resulting in diluted control and ultimately becoming an outsider.

The project he built became someone else's report card.

🤝 Transitioning to an investor: becoming the behind-the-scenes driver

After exiting, he founded 'Pan City Capital' and invested in many projects:
For example, 51 Credit Card, Orange Bull, Yifang Cloud, Love Rent…

But none have replicated the 'Kuaidi' kind of national-level success.

Until—

⛓ Entering blockchain: a new storm is brewing

In 2016, he began intensely studying financial history and monetary systems, getting in touch with blockchain.

At first glance, it's compelling: 'If currency could be issued by ordinary workers, that would be fair!'

He seized Binance, investing when it was still unknown and just one month old!

Later, Binance was valued at 300 billion dollars, and Zhao Changpeng became the richest Chinese.

He was one of the earliest angel investors.

📡 Layout of the blockchain ecosystem

After that, he successively invested in Huobi, Quantum Chain, Tron, BitShares, Babbit…

Not only did he invest in projects, but he also became a preacher, initiating the '3 AM Sleepless Blockchain Group'.

Online, he fiercely criticized Li Xiaolai, Zhu Xiaohu, Zhang Ying, and even criticized Zhang Yiming, whom he had previously invested in.

He has long been outputting 'blockchain philosophy' on social media, proposing 'Social Design'—believing that social structures can also be programmed.

He also established the 'Cryptocurrency Anti-Fraud Alliance', promising:

Never cash out, never cut the leeks.

🚀 Is he a madman? Or a preacher?

Some say he is the most daring fighter in the cryptocurrency world, while others say he is the craziest philosopher.

But you have to admit:

He is a person who has always been 'searching for the future' on the front line.

Game, he has done it;
Ride-hailing, he has ignited it;
Blockchain, he is deeply involved in its construction.

He is not a follower of trends, but someone who walks ahead of the trend.

💬 So what do you think of 'Chen Weixing'?

Is he a rebel in the world of capital, or a prophet of the next era?

If you find this article inspiring, feel free to share/like/discuss your views on Chen Weixing in the comments.
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