When Xu Jiayin, the founder of Evergrande Group, was once revered as a superstar in the business world, his deeds and the rise and fall of the company once became the focus of widespread attention. However, the recent revelations of Evergrande employees have revealed a more profound and complex picture, showing the dual background of Xu Jiayin's business and private life.
Xu Jiayin: The deep problem behind the glamorous appearance
Once a glamorous entrepreneur, Xu Jiayin has brought Evergrande Group to the top since his debut 16 years ago, but has also fallen into trouble. His image has always been known in public for being neat and refreshed, but recent revelations have given us more detail.
Financial doubts: external debt crisis and loss of funds
The external debt issue of Evergrande Group has attracted widespread attention. At present, its external debt is as high as 2.4 trillion yuan, almost equal to the GDP of the Chinese city of Guangzhou. The sheer size of the number is astounding, raising questions about the financial health of Evergrande.
The veil of "tyrants": harsh leadership
Employees exposed Mr. Xu's strict leadership style, which he described as a "tyrant." He almost never consulted with anyone else about matters large and small within the company, and adopted a tough and authoritarian approach to management, which caused employees to face great pressure. This leadership style is not only worrisome, it also sets the stage for the company's high unemployment rate.
The greedy side: extreme control over money
Xu Jiayin's financial problems are not only reflected at the company level, but also in his private life. According to employees, he has an extreme desire to control money, and even disregards ethical and legal constraints to seek huge private interests. This behavior caused anger and questioning in society.
The manifestation of vanity: image over substance
Xu Jiayin's vanity is also reflected in the text. He often featured his signature three-seven hair and neat attire to emphasize his educational background. He once referred to himself in public as "meeting," an act interpreted as his pursuit of vanity.
Business philosophy: pursue marketing rather than substance
The way Evergrande Group operates has sparked much discussion. Unlike other real estate companies, Evergrande emphasizes publicity and invests heavily in advertising, exceeding industry standards. This pursuit of marketing rather than substance may have been one of the reasons he accumulated huge debts.
Evergrande Group's liability problem: misrepresentation of assets
The article revealed the ways in which Evergrande Group misrepresented its assets, including borrowing money from employees to raise funds and making a plan for high dividends. This strategy has led to a rapid rise in the company's debt, reaching $2.4 trillion by 2023, while the problem of arrears under the hands of employees is ignored.
Private life: luxury and discernment
Xu Jiayin's private life has been described as extravagant. He founded the Evergrande Dance Company, carefully selected beautiful women, and was used as a "booster" for the company's cooperation.
His accommodation requirements are also extremely picky, demanding cleanliness and meticulousness from hotels.
Family life: the passing on of wealth
Xu Jiayin used a variety of means to transfer assets, including technical divorce and transferring assets to foreign family trusts. The aim was to ensure that the family could pass on wealth from generation to generation, but it also raised questions about his morality.
Conclusion: The dispute between Xu Jiayin's business and private life
In the complex character of Xu Jiayin, we see the interweaving of business and private life. As a successful entrepreneur, he has contributed a lot to the development of Evergrande Group.
But at the same time, his leadership, financial decisions and private life have sparked controversy. This story reflects that the entertainment industry is not just a shining star, but also involves complex business and human nature issues that require more thought and discussion.