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108 university students open restaurant in Changsha

Updated: 2015-03-20

 

A crowdfunded restaurant was recently opened in Changsha University of Science and Technology by 108 college students.

 

Wang Xuming, a 26-year-old international economy and trade graduate of the same university in the capital city of Hunan province, had long contemplated the idea of opening a restaurant together with two other students, Wang Chenhui and Zeng Qi.

 

Taking into account that many of their fellow students may have the same dream of starting up a business, they decided to launch the venture by raising funds from other students in the university.

 

Two months later, 108 students from different majors joined in the ‘entrepreneur club’, bringing with them a total capital of 450,000 yuan ($72,740). The shareholders currently hold different numbers of shares (1,000 yuan per share), ranging from one to 50.

 

 

A shareholder of the restaurant does waitressing. [Photo by Bai Yu/Xinhua]

 

By Zhang Qiong, edited by Mevlut Katik

Source: China Youth Daily