At the end of 1990s, the Internet bubble flooded the Wall Street financial market, and a large amount of venture capital entered China. Mao Jianli, who is willing to try all new things, is not willing to lag behind. She became the CFO (Chief Financial Officer) of the popular 8848 website, raised $50 million in six months, and completed the company's IPO (initial public offering) in a short time. Her easy success encouraged her to spend a lot of money on "concept stocks". However, the bubble is a bubble after all, and it can't stand the test of time. The winter of "new network economy" is coming soon. This crazy golden dream in the process of starting a business also made Maoqu Jianli lose badly. It was through this failure that she deeply realized the importance of running the enterprise in a down-to-earth manner. After careful consideration, Maoqu Jianli began to do things in a down-to-earth manner, and began to take root in China in 2002, officially registered Yasheng Investment Co., Ltd. in Beijing and Hongkong, and served as its own president.
In 2004, Yasheng Investment opened a branch in Shanghai to further expand its business in China.