Majoring in millionaires

Updated: 2012-12-18 15:29

By Xu Junqian (China Daily)

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Majoring in millionaires

Students of Yiwu Industrial and Commercial College pack parcels in a classroom. Photos by Gao Erqiang / China Daily

 

Many students of a college's unusual e-commerce course are successful entrepreneurs by the time they graduate

Among the many business schools in the world imparting little secrets about how to make money, there's one in Zhejiang province that may lay claim to being the most practical one.

At Yiwu's Industrial and Commercial college, the first assignment for each of the 120 high school graduates it takes in every year majoring in e-commerce is to start their own online store.

Students are allowed to skip classes if they are out replenishing stock, meeting clients and partners, or carrying out other business-related tasks.

But for the next three years, the sales performance of their enterprises will determine their marks, and those who do not make enough money are failed.

Since the e-commerce course was established in 2009, the first 115 students have "fruitfully" graduated, as the school put it, with an online business that not only gives them a livelihood, but also employs graduates from other more prestigious universities. A dozen or so have already become millionaires.

"It's a task no Chinese college has achieved," says Jia Shaohua, the former vice-president of the college who initiated the course.

"I made a promise three years ago to have