August 11th – Yang Shuncheng, a former doctoral candidate at the prestigious Chinese Academy of Sciences (now the University of Chinese Academy of Sciences), traded his lab coat for hospitality, launching the boutique guesthouse “Muye Gongchao.” After leaving a corporate job, Yang’s entrepreneurial gamble appears to have paid off, earning him industry accolades and a reported annual revenue of ¥4 million (approximately $550,000 USD).
Yang, who was directly recommended for the Ph.D. program at the environmental science institute, faced criticism online, with some commentators questioning whether his extensive education was “wasted.” However, Yang defended his career pivot, stating, “The most significant impact of education lies in shaping one’s way of thinking, logical reasoning, and worldview.” He added that his academic achievements, coupled with the genuine fulfillment he finds in running his guesthouse, create a “fulfilling and interesting life,” negating any perceived wastefulness.
Data from Tianyancha, a Chinese corporate registry database, reveals that Qingdao Muye Gongchao Hotel Management Co., Ltd. was established in February 2023 with a registered capital of ¥7.14 million (approximately $985,000 USD). Its business scope encompasses hotel management, catering management, parking services, pre-packaged food sales, lodging, and restaurant services, suggesting a comprehensive approach to the hospitality sector.
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