The low-key Zhuang Chenchao spent ten years doing a high-profile thing，Changing the online travel industry landscape as a new entrant。When the industry boss and the third boss join forces，The opponents faced by 188bet online sports bettingcom are also more powerful。

188bet online sports bettingcom CEO Zhuang Chenchao is about to enter the last year of his forties，Witnessed a great change in the industry。

half a year ago，Ctrip, the leader in the online travel industry, announced its investment in eLong，Hold the latter 37.6% equity，Become the largest shareholder of eLong。Usually the boss and the third are merged，The most uncomfortable thing is the second child，You can imagine 188bet online sports betting’s state of mind。

Same as Ctrip founder Liang Jianzhang，Zhuang Chenchao is also from Shanghai。Over the past ten years，He and Liang are both the most nervous people about each other。Especially after 188bet online sports bettingcom went public in the United States at the end of 2013，Liang Jianzhang once publicly stated，188bet online sports betting is Ctrip’s biggest competitor。

According to the financial report，Second quarter of 2015，Ctrip revenue is 25.300 million yuan，47% year-on-year increase；188bet online sports bettingcom’s total revenue is 8.81 billion yuan，120% year-on-year increase。

That’s not all。The label on Zhuang Chenchao now，More than just the CEO of 188bet online sports bettingcom，He also started to dabble in the investment field。Dangerous Jianghu，Unpredictable，He never stops fighting。

Ten years of grudges

“Love triangle” has been repeated repeatedly in the Internet industry，The protagonist this time is Ctrip、188bet online sports betting and Elong。

April and May last year，Zhuang Chenchao flew to Shanghai in person，Meet with Ctrip CEO Liang Jianzhang，The topic of the conversation between the two was "acquisition"。But for Zhuang Chenchao，The drunkard’s intention is not to drink。"At that time，The hotel room nights on 188bet online sports bettingcom (referring to the hotel’s room occupancy rate during a certain period of time) are very low，The negotiation is to delay Ctrip’s acquisition of eLong。” An insider from 188bet online sports bettingcom revealed to a reporter from China Entrepreneur。

One year later，Ctrip issued an acquisition offer to 188bet online sports betting。Liang Jianzhang used the same method to catch Zhuang Chenchao off guard，Named Acquisition，In fact, it is hindering 188bet online sports betting’s acquisition of eLong。

You know the ending of the story，188bet online sports betting rejected Ctrip’s acquisition offer in writing，May 22, 2015，Ctrip invests US0 million to acquire eLong37.6% equity，Become the largest shareholder of eLong。

In fact, 188bet online sports betting and Ctrip have a long history of grievances.

Ten years ago，The life trajectories of 36-year-old Liang Jianzhang and 29-year-old 188bet online sports betting met in the online travel market，Head-on collision。

Compared with the elephant-like Ctrip at that time，He is just a little ant wherever he goes。Zhuang Chenchao once said frankly，“Ten years ago，The entry point for 188bet online sports betting to enter the online travel market is price comparison on the search side，We bypassed the Maginot Line built by our competitors。In the era of mobile Internet，We are half a step faster than our opponents，This is the secret to surviving wherever you go。”

The secret in Zhuang Chenchao’s mouth is 2010，188bet online sports betting launches wireless terminal，Two years before Ctrip，Yilong three years，Now the wireless business has become Zhuang Chenchao’s trump card。188bet online sports betting’s wireless revenue has grown by nearly 400% for seven consecutive quarters，Income proportion increased from 15% in 2013 to 40% in 2014。By the second quarter of 2015，Wireless business accounts for 68% of 188bet online sports betting’s revenue.1%。

2015 second quarter financial report in progress，188bet online sports betting’s losses are further expanding，Net loss is 8.15.7 billion yuan，Net loss in the same period last year was 4.21.6 billion yuan。But the capital market doesn’t seem to mind，The stock price rises，The reason is that the wireless terminal is leading。

Of course Ctrip also has its own trump card。Ctrip occupies the top spot in online travel，Industry layout moves frequently: holding shares in three major economic hotels、Merger and acquisition of two hotel wholesalers、Invest in Yidao Yongcar and Yihi Car Rental、Holding Tujia、Acquisition of Tufeng、Participate in Tongcheng and Tuniu, etc.。As a latecomer，Although 188bet online sports betting has strong technical advantages，But there are shortcomings in terms of capital and traffic。Due to focusing too much on patterns，188bet online sports betting also made a miscalculation in its hotel group purchase decision in early 2011。

Fortunately，Baidu has become the "key player" of 188bet online sports betting。June 24, 2011，Baidu with 3.US>282_word_end<.6 billion cash acquisition of 188bet online sports betting 61.05% controlling interest，Zhuang Chenchao’s personal shareholding only accounts for about 7%。Zhuang Chen understands so well，Most founders will see their company die in front，So founder control is not that important，“Enjoy the entrepreneurial process，It is more important for enterprises to achieve long-term development”。

Different from most acquirees，Zhuang Chenchao has not given up the right to independently list 188bet online sports betting。actually，When acquired by Baidu，Independent listing is one of the two conditions proposed by Zhuang Chenchao。

November 1, 2013，188bet online sports bettingcom is launched on Nasdaq in the United States，Became Baidu’s first independently listed subsidiary，Also after Ctrip and Elong，The third listed online travel company。

On the day of listing，188bet online sports betting repeatedly emphasized to his employees: This is a very ordinary day。He calls himself，I was not even as excited as when I received the Series A financing from Jinshajiang Venture Capital。In fact，He only slept for two hours the night before going public。

Fight 188bet online sports betting game

On the road to entrepreneurship，188bet online sports betting is lucky，Although he does not admit this。

In college，He and his middle school classmates developed the Chinese search engine "Searcher" based on Verity software，Chinabyte, a website jointly founded by Rupert Murdoch’s News Corporation and the People’s Daily, was sold after receiving millions of financing。Then，He also participated 188bet online sports betting establishment of the sports portal "Shawei Sports"，Sold to Li Ka-shing’s TOM Group for US million before the Internet bubble burst in 2000。

Subsequently，Zhuang Chenchao went to the United States，Working as a system architecture engineer at the World Bank。2005，Zhuang Chenchao returned to China to start a business again，Co-founded 188bet online sports bettingcom with an initial capital of 1.2 million yuan。The online travel market is not blank at this time，Industry leader Ctrip was listed two years ago，But this did not cool down Zhuang Chenchao’s enthusiasm。

In the eyes of 188bet online sports betting，All problems are ultimately mathematical problems。This technical man who won the national gold medal in mathematics in middle school firmly believes，“Technology is the key to everything。Many things are not so much fate，It is better to say probability。”

In 188bet online sports betting’s elementary school days，His favorite place is Shanghai Children’s Palace，Because it is the only place where the earliest batch of Apple computers in China。When I graduated from elementary school，He has learned almost all programming languages。

Today，188bet online sports betting’s “student + technical man” temperament has not changed。He likes reading，From the biographies and thoughts of famous figures to interviews with famous foreign CEOs，He will read it。People who are familiar with him say，Although 188bet online sports betting is a science student，But the balance between arts and science。People around him often complain，“We just figured out one of his logic，He has a new logic。With him，Always feel like my IQ is in short supply。”

In the eyes of 188bet online sports betting people，Zhuang Chenchao is the label of 188bet online sports betting。The “student culture” is fully developed within 188bet online sports betting。Internal employees told the "Chinese Entrepreneur" reporter，“Basically every department can find a few municipal science or liberal arts top scorers。”

Zhao Yilu, CFO of 188bet online sports bettingcom, is one of them，She is Zhuang Chenchao’s old friend，Before being promoted to CFO in May this year，She is the chief strategy officer of 188bet online sports betting，He helped 188bet online sports betting introduce multiple long-term institutional investors into the public market。Bachelor from Yale University、New York Times reporter、Ph.D. from Harvard Law School、Zhao Yilu, executive director of Goldman Sachs, has a perfect life resume。Seven years at Goldman Sachs，Give Zhao Yilu a deep understanding of the capital market，She has been responsible for projects such as Yum’s acquisition of Little Sheep、Shanghai Pharmaceutical is listed on the market、Shuanghui Listed、Huishan Dairy goes public、China Merchants Securities listing, etc.。

Where to go，Almost half of the employees are product and R&D personnel，"Paizhuan culture" and "speaking loudly" are prevalent within the company。In 188bet online sports betting’s new office area located in the Internet Finance Building，Cannot see the cubicle，Everyone can communicate face to face。The only difference between Zhuang Chenchao and everyone else is，Others are sitting on black chairs，And he was sitting on the sofa。

The above-mentioned 188bet online sports betting employee told the "Chinese Entrepreneur" reporter，“188bet online sports betting can tolerate low emotional intelligence、But a person with a high IQ。In the office area，Executives arguing with each other，It is common for employees to argue with each other，You can even make noise from the conference room to the elevator。"He also revealed，Many people in the company have blocked Zhuang Chenchao’s WeChat Moments，Zhuang Chenchao also blocked many people。

Zhuang Chenchao was once asked whether going there would be his lifelong career，He doesn’t like the word “career” very much，Feeling a little heavy。He prefers to regard 188bet online sports betting as his favorite game，In this game，His daily job is to fight。He thinks he will be the last online travel company CEO to retire。

Dare to love quotes

"Create any company，We must settle accounts first。You can’t wait until you have a time bomb on your back before turning to the runway，The chance of being killed like that is 99%。

There is no such thing as innovation 188bet online sports betting true sense，There is nothing new under the sun。If you feel you are innovative，99.9% possibility is because the knowledge is not broad enough。Modern business has hundreds of years of history，There are at least 5 billion people 188bet online sports betting world，At least hundreds of millions of people are thinking about how to do better business every day。All business cases、means、Positioning，Happened 188bet online sports betting past，People keep analyzing it。So，Innovation is rare。”