Description: As the founder and helmsman of Evergrande Group, Mr. Xu Jiayin has not been smooth sailing on the road to business. This article will reveal the three worst projects he managed, namely Evergrande Ice Spring, Evergrande Auto and Evergrande Football Team. The loss figures for these projects are staggering and deserve to be explored.
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## Evergrande Ice Spring Mineral Water: Huge investment, miserable losses
Evergrande Ice Spring mineral water was once famous for its excellent water quality, pure and natural reputation. However, the loss of this project disappointed Xu Jiayin.
According to the data, Evergrande Ice Spring invested more than 7 billion yuan, but the loss was as high as 4 billion. In 2015, to make up for the loss, the project had to be sold to BYD dealers for 1.8 billion. This deal is ironic, and it has become one of the symbols of Xu Jiayin's failure.
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## Evergrande Auto: Huge investment does not pay off
The Evergrande automobile project is representative of Xu Jiayin's pursuit of his dream of automobile manufacturing, however, the scale of investment contrasts sharply with the loss figures.
The Evergrande auto project, which cost more than 70 billion yuan, suffered a cumulative loss of 98.9 billion yuan. Surprisingly, the total sales were only 1,000 units, which is less than the sales volume of the electric tricycle opposite in a year. This huge investment did not bring a return, which became a heavy burden on Xu Jiayin's business road.
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## Evergrande Football Team: Rich and strong, but relegated to the Central League
The Evergrande football team has a glorious past. But now, it has become a failure in Xu's business empire.
In seven years, the football team has accumulated losses of 8.6 billion, and the investment of more than 10 billion yuan cannot be salvageable. Today, they have long been relegated to the Central League One, away from the top-flight arena. What is even more shocking is that Evergrande also paid Lippi 360 million in salary for the Football Association and invested 1 billion yuan in the national football plan, but these measures did not bring success.
Whether it is Evergrande Ice Spring, Evergrande Auto or Evergrande Football Team, these three projects have brought heavy losses to Xu Jiayin. These failures reflect the cruelty and uncertainty of the business world. However, despite the setbacks, Xu Jiayin remained an indomitable businessman who achieved great success in other fields.
Label: #许家印 #恒大 #商业失败 #投资 #亏损