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The second generation of the former billionaire Yuan Yafei's family began to take over

author:Financial News
The second generation of the former billionaire Yuan Yafei's family began to take over

Another post-95 female second generation, going home to take over?

Recently, Yuan Yafei, the former richest man in Nanjing, reported the news of succession. According to an announcement disclosed by Nanjing Xinbai, Yuan Qianhui was hired as the company's vice president and was nominated as a candidate for the company's director.

Nanjing Xinbai, a name familiar to generations of Nanjing people, is a landmark building in Xinjiekou business district. Founded in 1952, Nanjing Xinbai is a long-established department store, which was listed on the Shanghai Stock Exchange in October 1993, becoming the first listed commercial company in Nanjing.

Looking back on the history of Nanjing Xinbai in the past 71 years, there are many "changes": consumption continues to surge with new vitality with the improvement of material level, from state-owned enterprises to private enterprises, from Nanjing's core business district Xinjiekou, step by step to the international market...... The secret of the longevity of Nanjing Xinbai Enterprise is not to forget the original intention of the strategy, work diligently, operate diligently and thriftily, and always combine its own development needs with the social responsibility of meeting the people's better life, and have embarked on a transformation road of making the main business of department stores better and stronger, and laying out the ecology of the health industry.

Some people may ask, why have they never heard of Yuan Qianhui? In contrast, one of her more well-known names is "Yuan Jiu'er". A few years ago, Yuan Jiuer, gambling king's daughter He Chaoxin, and "exceptional princess" Yao Anna participated in a wealthy party. Three high-looking, highly educated, and top-notch celebrities with superb family backgrounds wore women's group uniforms and performed hot dances, and were nicknamed "100 billion girl groups" by the media. No, the person who occupies the C position in the group photo of the sisters is Yuan Jiuer himself. I thought that I was going to stage the drama plot of "Bai Fumei debuted in a group, and if she didn't succeed, she would inherit tens of billions of family property", but she didn't expect that only Yao Anna was the only one who pursued her dream in the entertainment industry, and after a few years of silence, the news came out that Yuan Jiuer had embarked on the road of second-generation succession in her career.

Compared with the well-known daughters and celebrities, although Yuan Jiuer has many legends on the Internet, there is not much public information before.

Yuan Jiu'er's original name was Yuan Qianhui, and her father, Yuan Yafei, was the chairman of Sanpower Group and was once famous for owning 3 private jets. According to the resume released by Nanjing Xinbai, she was born in 1998 and is only 25 years old this year.

The second generation of the former billionaire Yuan Yafei's family began to take over

If it is a girl from an ordinary family, she is either still in graduate school or a fledgling newcomer in the workplace, but for the rich second generation, she has to take on the burden of inheriting the family business after enjoying the luxurious life brought by the rich and celebrity, and the same is true for Yuan Qianhui.

Like many rich second generations, Yuan Qianhui received an elite education when he was a student, attended a prestigious school since he was a child, and was in Nanjing Foreign Chinese School, the best middle school in Nanjing, in junior high school, and was an alumnus with his milk tea sister Zhang Zetian and Suning's son Zhang Kangyang.

In Yuan Qianhui's impression, her father Yuan Yafei has been very strict with her since she was a child, and she once recalled:

"I was basically beaten by my dad from a young age, and as long as my grades fell out of the top five, I would be beaten. ”

It can be seen that she has been a top student since she was a child. At the age of 15, Yuan Qianhui was sent abroad to study in boarding school. Later, with excellent grades, she was admitted to Wellesley College, the top girls' school in the United States, and it is worth mentioning that this school also has many well-known alumni, such as the famous female writer Bing Xin.

In addition to her excellent grades, the social circle of the rich daughter's daughter is of course either rich or expensive, and many business tycoons and entertainment stars are her guests.

For example, Yuan Qianhui has a close relationship with He Chaoxin and Yao Anna, and is known as the "Iron Triangle of Bai Fumei Studying in North America". You must know that they are not small, He Chaoxin is the youngest daughter of the gambling king, studying at MIT, Yao Anna is the second princess of Huawei, graduated from Harvard, and sure enough, only people with beauty and strength can play together.

The second generation of the former billionaire Yuan Yafei's family began to take over

A few years ago, Yuan Qianhui, He Chaoxin, and Yao Anna took a group photo at a wealthy party that detonated the Internet, and the three top Bai Fumei, who were good-looking, highly educated, and had a first-class family background, wore women's group costumes to perform a hot dance, and it is no wonder that they were touted as "100 billion girl groups".

The second generation of the former billionaire Yuan Yafei's family began to take over

▲From left to right, He Chaoxin, Yao Anna, and Yuan Qianhui

Speaking of which, most of many people's first impression of He Chaoxin and Yao Anna came from the Paris Clion Ladies Ball, but she went in 2017 and 2018 respectively, and Yuan Qianhui went earlier than the two sisters.

In 2016, Yuan Qianhui was invited to participate in the celebrity ball, and she was also in the C position in the final group photo.

The second generation of the former billionaire Yuan Yafei's family began to take over

When Yuan Qianhui celebrated her birthday before, Wharton F5, including the "rich fourth generation" Xie Chengrun, the richest man in Thailand, celebrated her birthday together.

The second generation of the former billionaire Yuan Yafei's family began to take over

In addition, Yuan Qianhui also had an affair with Chen Feiyu's brother and Chen Kaige's eldest son Chen Yuang.

The second generation of the former billionaire Yuan Yafei's family began to take over

With such a life script, Yuan Qianhui should have enjoyed a carefree life as a rich daughter, like Dorothy Wang, another shopping mall giant in Nanjing, the "daughter showing off her wealth" of the Golden Eagle family, living a life of buying Hermes as a cabbage, but she took the road of entrepreneurship and succession.

Yuan Qianhui once revealed that since graduating from university in 2020, she has been looking for the direction of entrepreneurship. Based on some social practices and the family's existing pension industry resources, after a series of industry research, she began to pay attention to and think about the development of the domestic smart pension industry.

The second generation of the former billionaire Yuan Yafei's family began to take over

After that, Yuan Qianhui established Haha Cloud. At present, Hahayun has completed an angel round of financing, and it is expected that the annual growth rate will reach more than 50% in the next three years. Regarding the future planning of Haha Cloud, Yuan Qianhui once mentioned:

"The primary goal is to do a good job in our own entrepreneurial projects and achieve 100 million revenues. Within 3-5 years, we will integrate the pension resources of Father Group, realize China's leading technology-driven new pension service platform, and create a representative Internet unicorn company in China's pension industry. ”

It is worth mentioning that according to Tianyan, on December 12, Yuan Qianhui stepped down as the legal representative of Hahayun and other responsible persons. In addition to the previous vice president of Nanjing Xinbai, the information shows that Yuan Qianhui is currently serving as an executive in 9 companies, which are mainly concentrated in the direction of the pension industry, two of which have been cancelled.

Combined with the news of the vice president of Nanjing Xinbai, perhaps her focus has shifted from entrepreneurship to taking over the family business.

Nanjing Xinbai continues to expand the territory of great health

  With the rise of e-commerce and the continuous upgrading of consumer demand, the retail industry has ushered in great changes, and the old department store Nanjing Xinbai has come to the crossroads of change. Faced with the question of how to transform, Nanjing Xinbai has considered two paths: expanding the business scope of the real industry and getting involved in e-commerce. With mergers and acquisitions as the main means, Nanjing Xinbai has made frequent moves in the fields of health care, cord blood storage and application, biomedicine, etc., and its big health territory has gradually been fuller.

  In 2016, Nanjing Xinbai successfully acquired Ankangtong, a domestic home-based elderly care company, Natali, an Israeli home-based elderly care company, and A.S., a long-term care company. Nursing, began to set foot in the health care business. In the same year, the company acquired Qilu stem cells, participated in Cord life (P8A.SG), the largest cord blood operator in Southeast Asia, and participated in the fund acquisition of China Cord Blood Bank (CO. N), Fandi Biotech, Xuzhou Cancer Hospital, etc.

  Among them, the Shandong Provincial Cord Blood Bank operated and managed by Qilu Stem Cell Institute is one of the seven cord blood banks approved and accepted by the national health administrative department, and is also the only legal cord blood preservation institution in Shandong Province.

  In 2018, Nanjing Xinbai acquired Danrui, an American biopharmaceutical company, thus owning the ownership of Previr, the first cell immunotherapy prostate cancer drug approved by the US FDA, and began to lay out the cell therapy business.

  Nanjing Xinbai's 2022 semi-annual report shows that in the first half of last year, the operating income was 3.015 billion yuan, of which the operating income of the big health business was 2.626 billion yuan, accounting for 87.12% of the total operating income, and the proportion continued to increase compared with 2021.

  In the past two years, Nanjing Xinbai has been focusing on the human life cycle to make big health articles, getting involved in umbilical cord blood stem cell storage and genetic testing business in terms of "life and hope", having pension business and long-term care business in "providing for the elderly", and laying out cell therapy business and hospital management business in "medical treatment". In the "Elderly Care" segment, Nanjing Xinbai'an Kangtong business has signed contracts with more than 50 government service platforms in China, covering more than 20 provinces and cities, covering tens of millions of elderly users, and its subsidiary, Natali, provides home care, emergency rescue and telemedicine services for 1 million users in Israel.

  At present, Nanjing Cenbest is still working hard to implement overseas advanced cell therapy technology in China. Among them, Plevit is currently the only FDA-approved prostate cancer cell immunotherapy drug in the world, and its intellectual property rights and production process constitute high-tech barriers. Aiming at overseas markets, Nanjing Cenbest is promoting the registration, technology transfer, production and sales of Plevit in China, incubating and expanding potential products through CDMO (customized R&D and production in the pharmaceutical field), and transforming from a single product to a multi-product, international high-end biomedical innovation company. Focusing on biomedical, health care for the elderly, and hospital operations, a beautiful blueprint for a big health ecology has been slowly unfolded.

For the young post-95 female second generation, it is not an easy task to take over, after all, it is not easy to fight the country, and it is even more difficult to defend the country. How to make the rights of family businesses smoothly transfer between two or even three generations is another important issue for them in addition to achieving stable operation and innovative development of enterprises.