On the morning of November 18, Jinshan office software Co., Ltd. was officially listed on the Shanghai Stock Exchange's Kechuang board today, with an issue price of 45.86 yuan. After the opening, the share price rose 205.28% to 140 yuan. This also means that Lei Jun's 20-year wish has finally come to an end.
The day before Jinshan office officially landed on the science and technology innovation board, Lei Jun, founder of Xiaomi and chairman of Jinshan software, issued a letter to all employees inside. He recalled in his letter:
From the founding of Jinshan in 1988 to today, WPS has gone through 31 years. We have been waiting for 20 years since 1999 when Jinshan office was preparing to go public. The journey of WPS and Jinshan is an inspirational story of persisting in dreams and ultimately winning. Why can we persist? Because WPS is a hero's dream.
In fact, considering the ups and downs from the birth of WPS to the listing of Jinshan Office in the past 20 years, Lei Jun called it
First of all, we should start with Qiu Bojun, the creator of WPS.
In 1988, there was no office software in the country, and almost everyone used Microsoft Office at office. However, at that time, the 24-year-old Qiu Bojun made a decision
In order to achieve his goal, from May 1988 to September 1989, Qiu Bojun locked himself in the hotel room. As long as he was awake, he kept writing code. During this period, Qiu Bojun was ill three times. Every time he was ill, he needed to be hospitalized. He moved his computer to the ward to continue writing. Finally, he wrote more than 122000 lines of code by himself, and wps1.0 was born, which filled in the blank of Chinese character processing software.
Gradually, WPS began to bring profits to the company, but for Qiu Bojun, there was no consideration for remuneration. He said:
No way, however, will rain or shine. In 1993, in order to meet the challenges from Microsoft Word, Qiu Bojun led the team to develop a similar Office
In order to ensure the compatibility of Microsoft office and Kingsoft WPS, the two companies signed an agreement; that is, the agreement, which made word successfully transition most WPS users into their own users.
In 1996, the development of WPS reached the lowest point in history, and the staff of the team also lost confidence. In the worst situation, only four programmers of WPS97 insisted on development. Qiu Bojun even sold his car and house for this.
Lei Jun and Qiu Bojun
Later, Lenovo's investment brought a turnaround to Jinshan software. WPS2000 released in 1999 began to integrate multiple functions such as text office, spreadsheet, multimedia demonstration production and image processing, and stepped out of the positioning of single word processing software.
But by then, the number of Microsoft office users had grown.
Lei Jun recalled that in 2000, the development of WPS encountered a huge bottleneck. Under the pressure of Microsoft and piracy, WPS was in a very difficult position. Moreover, the whole WPS architecture needed to be overturned and rewritten, which was a huge investment for Jinshan at that time. Today's WPS is based on the architecture built in 2000 as the core iteration.
Lei Jun said that many people have advised him to give up WPS many times. It would not be easy if he didn't insist on giving up for his dream.
In 2011, with the support of Lei Jun, WPS released mobile products and devoted itself to the transformation of mobile Internet. After deciding to transform the mobile Internet, Jinshan no longer took profit as the assessment standard, invested all the $50 million raised at that time in R & D, promoted the transformation of mobile Internet on a large scale, and launched WPS mobile version.
All right, the WPS has successfully grasped the Inspur of the mobile Internet and the office of Kingsoft.
Although Jinshan office has been waiting for 20 years to go public, which seems to be a detour, in a sense, every step has not been wasted.