In 2006, Wang Xing didnt have money to increase servers and bandwidth, so he could only drink hatred and sell the intranet to Chen Yizhou, CEO of Qianxiang interactive group. The latter obtained 430 million US dollars from Softbank of Japan, and changed the campus network into Renren. Renren was listed in 2011.
On May 12, 2007, Wang Xing founded Fanbo.
In July 2009, Wang Xings Fanfu network was closed for some reason. Meituan obtained more than 10 million US dollars venture capital investment of Sequoia Capital.
On March 4, 2010, Wang Xing launched meituan.com.
On the afternoon of January 18, 2015, Wang Xing told the media that meituan had completed $700 million in financing and its valuation reached $7 billion.
On April 7, 2020, Wang Xing ranked 237th in the 2020 Forbes Global billionaire list with a wealth of $6.4 billion.
On April 13, 2020, he was selected into the list of the 50 most influential business leaders in China in 2020 in Chinese version of fortune.