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673 [The rich are also short of money]

The news of I.M. Pei's return to China soon spread, and the Ark Building, which had not yet started, became the focus of domestic media attention.

At the same time, Shi Yuzhu recruited a group of game developers and personally participated in the creation of his "Zhengtu".

The technical director of the "Zhengtu" project is Shang Jing. He has participated in the development of Kingsoft WPS before, worked as a technical assistant for Rebs, and developed the online game "Fengshen List" in Kingsoft. In another time and space, this person will be poached by Sohu this year and participated in the establishment of Sohu Changyou's predecessor, Firefox Studio. After developing "The Legend of the Condor Heroes", he will switch jobs to start a business - after many years of twists and turns, and finally returned to Rebs and serve as Xiaomi vice president.

But now, Sohu and Sogou have long cooperated to establish Sopai Changyou, and "The Legend of the Condor Heroes" has been in development for more than half a year. Shang Jing, who wanted to seek greater development, was directly poached by Shi Yuzhu and took away most of the Fire Studio from Kingsoft.

Rebs is also a good person. He does not resent his subordinates who have changed jobs, even if these subordinates are in a "decisive" state with Kingsoft after leaving.

Even for some subordinates who resigned and started their own business, Rebs would pay privately for angel investment. Rebs used the money for investment, all of which were obtained by selling Zhuoyue.com shares, which gave birth to many successful companies, which were later regarded as "Xiaomi Group".

Shang Jing's wife later switched to a job and started a business, successfully obtaining 210,000 yuan from Rebs. Five years after the establishment of the company, the company acquired Xiaomi's MiTalk business, and the two parties jointly formed Xiaomi Interactive Entertainment. Shang Jing finally came back to be the vice president of Xiaomi. It was because his wife was pregnant that Rebs summoned him to take over his wife's position.

What does Shang Jing say about this person? He is lucky and not lucky.

He was an old man and important official of Kingsoft. He was able to obtain equity incentives, but he changed jobs before Kingsoft went public. He was one of the two founders of Sohu Changyou, but he started his own business before Sohu Changyou went public. The web game company he founded later developed well, but withdrew before Tencent's capital injection. The online game company he founded was very popular, but was undermined by shareholders. The good CEO was sent to the director department. After studying, he was sent to the film and television department, which was specially built to support him as a Bodhisattva. As a result, he led the investment in "Painted Skin" and gained both fame and fortune, but was eventually completely excluded from the decision-making level.

Fortunately, Shang Jing married the right wife and was able to come back to take over as Xiaomi vice president when his wife was pregnant...

After poaching Shang Jing and his team, Shi Yuzhu personally participated in the planning of "Zhengtu". He handed over the company to his confidant to take care of it, turned off his mobile phone, cut off contact with the outside world, and lived a year-long isolation.

The task system and detailed gameplay of "Zhengtu" may have been made by the studio at the beginning, but the final product was written by Shi Yuzhu. Every time the game was completed, Shi Yuzhu would personally take someone to play the semi-finished product, and write down the parts that were not satisfied with, so that the studio could modify it according to his own ideas. He integrated all his tricks of selling health products for many years into the game, making rich players spend money like crazy, and allowing ordinary players to enjoy it.

...

After dealing with the matter in the capital, Song Weiyang immediately prepared to fly to Hu Jian to attend this year's Taurus Club members' gathering.

Unexpectedly, Vice President Zhang of Peking University Guanghua School of Management, who had met several times, suddenly found Song Weiyang by phone with a call, which was left with each other when he attended the CCTV Annual Economic Person Award Ceremony.

There is nothing else, Vice President Zhang is just an intermediary, and Du Xia, the boss of the Family World, wants to invite Song Weiyang to dinner.

This face is really hard to defeat, because Vice President Zhang is a well-known domestic economist and will be promoted to the dean of Peking University School of Management in the future. He was also able to talk to Song Weiyang before.

Inside the courtyard.

Du Xia wore trousers and a shirt and a pair of glasses. She was short and fat, with the temperament of a scholar and a businessman.

After a brief greeting, Du Xia said, "Mr. Song, I'm so embarrassed. I originally invited you to dinner, but now you treat me to dinner. I will definitely make up for this meal if I have the chance."

"President Du is polite. President Zhang's friend is my friend Song. Everyone is my own family, so why do you need to say two things?" Song Weiyang said a few polite words and smiled, "What's more, we are also partners. Xifeng also asks Mr. Du's chain supermarket to sell products."

Du Xia smiled and said, "Where we do retail chains, we should thank big brands like Xifeng."

The two of them talked about the scenes, and Song Weiyang smiled all the way without rushing. He wanted to see when the other party could get around.

Du Xia is not an ordinary little boss, but a top ten mob in the Forbes China Rich List last year.

This person used to be a scholar who studied economy and went into business in the 1980s. By 1990, when he was speculating on foreign exchange on the Hong Kong Stock Exchange, he still lost all the money he earned for many years. Then he went to Qiongdao to speculate on land. With his keen sense of economists, he perfectly got out of business six months before the Qiongdao real estate collapse, and then took the money back to Tianjin to do real estate.

Operations during the real estate period have always been a mystery, but he insisted that "every cent he earns is clean", and even used this as a gimmick to seek listing in the past two years.

In the mid-1990s, Du Xia began to gradually give up her real estate development business and instead started building materials retail related to real estate. He was an economist, and unlike ordinary entrepreneurs, he went abroad to inspect and moved back the Western retail industry. Therefore, some people also called him "the father of China's modern retail industry."

After 2000, Du Xia turned her energy to daily necessities retail, which in layman's terms is to open a chain supermarket.

Before 2004, Du Xia was very cautious in his investments, and often satirized those who were engaged in diversified operations and those who were desperately expanding their stores, believing that these people were speculators and could not stand the test of time. He insisted on taking every step, taking North China and Northwest as the main positions, avoiding first-tier cities, and laying out second- and third-tier cities in the north, and claiming that he would never go south and cross the Yangtze River before 2008.

In this way, by working on retail chains, Du Xia finally ranked among the top ten richest people in China last year.

It smells so good!

Du Xia couldn't escape the law of true fragrance. Seeing foreign supermarket brands conquering cities in China, he felt a sense of crisis that time was endless. So since last year, Du Xia crazily added a chain store, and replaced more than half of the executives with foreigners, claiming to build an international team.

The capital chain began to collapse, and the reputation of chain brands began to collapse...

How could a scholar-oriented entrepreneur who was once extremely cautious make such a fatal mistake?

Because Du Xia suddenly wanted to use the power of capital, all the crazy actions he did were to seek listing on the Hong Kong Stock Exchange. As long as he could list the company, the capital chain was not a problem, and the reputation was not a problem. With his ability, he could completely correct it, and the success rate of listing was almost 100%. It is very likely that he would build a retail empire in China - he wanted to make the Chinese version of Walmart.

Just when everything was ready and the Hong Kong Stock Exchange was about to pass the listing application, the China Foreign Exchange Administration suddenly issued a document requiring approval of the three links of red chip listing.

Du Xia was so excited that he could not cry. He had done everything, but he couldn't figure it out. The State Administration of Foreign Exchange closed the door to the listing of red chips!

While drinking a small wine in the courtyard, Du Xia and Song Weiyang talked nonsense for a long time, and finally couldn't help but turn to the topic: "Is Mr. Song interested in investing in the retail industry?"

Song Weiyang sipped the fairy wine and asked with a smile: "Why, Mr. Du's company wants to raise funds?"

Du Xia said proudly: "If the retail industry wants to expand, it must have enough funds. Originally, I wanted to go public and raise funds, but the State Administration of Foreign Exchange suddenly restricted the Hong Kong Stock Exchange's red chips, so I can only seek financial help through other channels. In terms of doing business, I am definitely not as good as Mr. Song in other places, but when it comes to retail chains, I believe that the second is, and no one in China dares to recognize that the first! When I opened the first supermarket, the sales reached 100 million yuan during the three-month trial operation period. In the first year of opening the supermarket, I created 15 chain stores, and the net profit reached 78 million yuan! With the help of Mr. Song and my ability to operate in the retail industry, I can create a Walmart that belongs to China within ten years!"

Song Weiyang put down his wine glass and smiled and said, "I heard that most of the managers of Mr. Du's company have been replaced by foreigners? I'm afraid that it is a bit unacceptable to letting foreigners manage Chinese supermarkets."

Du Xia immediately patted his chest and promised: "Invite foreigners to serve as senior executives in the company, all for hype and listing. As long as Mr. Song is willing to invest, I will fire all the foreigners when I go back. They don't know anything about it in China, and they can only eat a good meal if they stay."

Song Weiyang also said: "Since last year, your company has been constantly exposed to various negative news. It seems that there are many management problems. Moreover, the speed of opening new stores is too fast. I really can't imagine where to find so many branch managers. Isn't it just hired them casually, right?"

Du Xia once again promised: "As long as Mr. Song is willing to invest, I will close half of the branches that have been opened in the past year! Those new stores are also opened for listing."

Song Weiyang asked: "What is the relationship between Dean Zhang of Peking University and you?"

Du Xia smiled and said, "I am his old friend. Since 2001, he has been an independent director of our company."

"No wonder President Zhang wants to be an intermediary to help with a dinner party," Song Weiyang suddenly realized and asked with a serious look on his face, "How big is your funding loophole now? To be honest, this cannot deceive people."

Du Xia shook his head and smiled bitterly: "I owe the bank 1.5 billion and the supplier more than 2 billion."

"You are amazing!" Song Weiyang sighed sincerely.

Song Weiyang lamented that Du Xia was not the ability to owe debts, but that he owed so much money and continued to expand wildly in another time and space. It was like a gambler, and he had already invested in the gambling money and could only seek opportunities to make money. He had no way back (unless someone spent a huge amount of money to help overcome the difficulties). After Du Xia's road to listing was blocked, he opened a store faster for another year, just to pass the listing review of the Bureau of Foreign Exchange.

Unfortunately, I still can't go public, so I can only sell my assets.

First, he sold the building materials chain brands to foreign companies, then the supermarket chain brands to China Resources, and then sold various stores and real estate. Du Xia’s most awesome thing is that his industry has been sold for more than ten years but has not been sold out. Until 2019, he was still on the Forbes Global Rich List, but he fell to 2057th place, and even spent 30 million yuan to donate it to his alma mater to renovate the library.

This is all due to the awesomeness of China's real estate industry. From the mid-1990s to 2004, Du Xia often bought all the stores when opening chain stores, and even built shopping malls by himself. The real estate properties accumulated over ten years are enough for him to live in his lifetime.

Although he owes nearly 4 billion foreign debts, Du Xia's company is definitely a high-quality asset, and its fixed assets alone are worth tens of billions of yuan. With the booming real estate market, it will be more valuable in the future.

Song Weiyang asked: "How much do you want to raise?"

Du Xia said: "The more you have, the better, it is better to have more than 1 billion!"
Chapter completed!
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