< h1 class="pgc-h-arrow-right" > primer</h1>
Half lying on the sofa, the sound next to yang Yuying's beautiful and beautiful singing voice came out:
Let me tell you softly
The stars in the sky are waiting
Share your loneliness your joy
……
Yang Yuying's song "Gently Tell You" sings really well!
She sings well and she is beautiful! It's that the marriage is not very smooth.
Some people blame her for not looking at people for not having long eyes, but can this be blamed on her? At the beginning, Lai Changxing's career was like a day in the sky and unlimited scenery, who could have imagined the future end?
This can only be blamed on her bad luck, but she met such a male brother.
There is a popular host who also has a similar experience as Yang Yuying, who "fortunately met" the son of Wu Ruilin, the "telephone king".
Wu Ruilin once had unlimited scenery, and later cut it.
<h1 class="pgc-h-arrow-right" > Wu Ruilin started a business</h1>
The family business is not easy to come by! Wu Ruilin is exactly like this.
Wu Ruilin was born in February 1952 in rural Jinjiang, Fujian Province, to honest farmers, with 13 brothers and sisters.
Of course, the family is poor. Wu Ruilin dropped out of school after finishing primary school, but he was not willing to follow his father's generation to farm, learn tailoring techniques with people, and opened a tailor shop in the market at the age of 19, in addition to helping people cut clothes, he also opened classes to collect tuition, he really has business acumen.
As long as there is money to earn, he tosses everything! For example, quarrying stone factories, opening garment factories, etc.
Wu Ruilin was the first group of people in China's rural areas to become rich, and he was the first batch of "ten thousand yuan households."
In 1985, Wu Ruilin, who opened a garment factory, lost money, so in early 1986, he went to the center of the private economy: Shenzhen.
Wu Ruilin, 34, landed a job as a workshop supervisor at an electronics factory in jinjiang.
Wu Ruilin is really a businessman! It didn't take long for him to contract the workshop of his fellow countrymen, which really made money.
After more than 2 years, he and his fellow villagers had conflicts, so he set up another portal and set up a telephone factory by himself.
At that time, the factories in Shenzhen were basically "processed by incoming materials", Wu Ruilin had a flexible mind and strong activity ability, he got a lot of orders, made a lot of money, and in 1990, at the age of 38, he became a millionaire.
At that time, it was the early stage of China's economic development, a hundred wastes to be revitalized, almost every industry is a new industry, for example, some people started with "contract foremen", some people started with pork stalls, Wu Ruilin chose the communication industry (telephone), at that time, the government unit only had a telephone in the leadership office, and the private one with a telephone was still a phoenix.
In 1992, 40-year-old Wu Ruilin went to Huizhou, the center of the communication industry, and founded Huizhou Qiaoxing Telecom Industry Co., Ltd., producing and selling ordinary telephones, cordless phones and other products.
This year marked the right track of Wu Ruilin's career, and he also began to rise to fame!
< h1 class="pgc-h-arrow-right" > rapidly developed</h1>
Thanks to the development of China's economy, Qiaoxing Company has developed rapidly!
Wu Ruilin is also quite talented in business, and work hard, for example, in terms of sales, he changed the conventional practice of the time "through the post and telecommunications market", widely shop sales outlets, by 1997, in addition to Tibet, Taiwan, Qiao Xing has 38 branches and offices throughout the country, thousands of distribution points.
From 1995 to 2002, for eight consecutive years, the production and sales volume of telephone sets of Qiaoxing Company ranked among the top two in the country, "Qiaoxing Telephone" was well known, and Wu Ruilin also won the reputation of "Telephone King".
In 1995, Wu Ruilin established Qiao Xing Global Co., Ltd. to actively expand foreign markets.
<h1 class="pgc-h-arrow-right" > highlight moment</h1>
From 1999 to 2010 was a brilliant moment for Wu Ruilin!
In February 1999, Qiao Xing Global Co., Ltd. was listed on the NASDAQ in the United States, creating a precedent for China's private enterprises to be listed abroad;
In May 2007, Qiao Xing Mobile was listed on the New York Stock Exchange in the United States, which was the first domestic mobile phone manufacturer listed on the New York Exchange in China;
In February 2009, Wu Ruilin's Ruijin Mining was listed on the Hong Kong Stock Exchange.
(Wu Ruilin's other listed company ,"Qiao Xing Electronics", was listed on the Domestic New Third Board in June 2016)
In the highlight moment, Wu Ruilin and Qiao Xing Group won numerous awards, and almost all the relevant awards issued in China were shared.
For example, Wu Ruilin,
Outstanding private entrepreneur in China
World Manager Achievement Award
In 2006, it was one of the top 100 Chinese businessmen in the world
Outstanding entrepreneur of Hong Kong's "Bauhinia Cup"
Another example is QiaoXing Company
China's most vitality enterprise
China's private outstanding enterprises
National Science and Technology Program Key High-tech Enterprises
In 2006, the "China's 500 Most Valuable Brands" list, the "Qiaoxing" brand value of 2.995 billion yuan
For example, his eldest son Wu Zhiyang
Top Ten Outstanding Youth of Huizhou City
Top 10 Economic Figures in China in 2007
Chairman of the most outstanding listed company in 2005
As for the family, it is on the rich list almost every year, and some people once speculated that their family wealth exceeded 100 billion!
Such a great family, who would have thought that it would end in a few years?
<h1 class="pgc-h-arrow-right" > diversification path</h1>
Diversified operation is the inevitable way for enterprises to develop and grow!
Wu Ruilin's diversification involves not many industries, there is no real estate development involving many entrepreneurs, as for this aspect, Wu Ruilin has only built 4 industrial parks in Huizhou, two of which are accused of intentionally accumulating land after the accident.
Qiaoxing Group has more than 20 subsidiaries with independent legal persons, most of which are engaged in the business of communication terminal products.
In March 2002, Wu Ruilin spent 316 million yuan to acquire China Telecom Technology Co., Ltd., a subsidiary of China Information Industry Group, thus entering the field of GSM and CDMA mobile phones, and was the first private enterprise in China to produce CDMA mobile phones.
Entering the mobile phone industry is both a diversification strategy and a forced situation, when the development potential of mobile phones has gradually emerged, which also shows that Wu Ruilin's business vision is quite good.
The mobile phone business has also brought him glory! In 2004, Qiao Xing launched the T868 series of mobile phones, one of which is known as the "smallest PDA mobile phone" focusing on female users, which was a great success, and the mobile phone business generated hundreds of millions of yuan in profits that year.
Another focus of Wu Ruilin's diversification is mining, since 2000, he has invested heavily in the acquisition of related enterprises in Xinjiang, Inner Mongolia, Hebei and other places, and in February 2009, the listing of "Ruijin Mining" also made Wu Ruilin very beautiful.
Wu Ruilin also invested in direct drinking water purification equipment, marine biological materials, etc., but the scale is not very large.
< h1 class="pgc-h-arrow-right" > be in trouble</h1>
After the highlight is the dilemma!
Doing business without making money, that is, having money to go in, it is inevitable to fall into trouble.
Qiao Xing Global, which is listed on the NASDAQ, has lost money since 2008, with more than 300 million yuan per year, and was delisted in 2012 for violations;
QiaoXing Mobile, which is listed on the New York Stock Exchange, has lost money since 2009, losing 200 million to 300 million yuan per year, and was also delisted in 2012;
Ruijin Mining, which is listed on the Hong Kong Stock Exchange, lost 3.454 billion yuan from 2011 to 2015 and was suspended from trading several times.
For example, Wu Ruilin's third son, Wu Zhijian, was keen on Internet entrepreneurship, opened a website, and invested millions of yuan in nothing, for example, Wu Zhijian went to Macau to gamble and lost tens of millions of yuan. (Macau's loan shark gang went to Huizhou Qiao Xing Group to collect debts and fight with the company's security guards, which became a joke.) ）
< h1 class= "pgc-h-arrow-right" > a brief analysis of the causes of defeat</h1>
From Wu Ruilin's founding of Qiao Xing Company to 1999, his career development is very good, at the same time, his diversification path is also correct, for example, entering the field of mobile phones, which is very correct, entering the mining field, this field has a lot of potential.
Wu Ruilin lost on talents!
Wu Ruilin is a very talented businessman, so with his own efforts, the business was successful.
However, when the business increased, he was too busy to come, there were many social affairs, and it was a bit fluttery, and he was no longer thinking about business operations every day, but the so-called strategic level.
In fact, many entrepreneurs are like this.
That's right! However, entrepreneurs rise from specific operations to strategic planning, there is a premise, that is, there are people under him, for example, Huang Hongsheng, the boss of Skyworth in Huizhou, he introduced a team of professional managers, Wu Ruilin did not.
Wu Ruilin does not trust outsiders ideologically! For example, in 1999, Zhu Gang, who had served in a telecommunications company in Canada, the United States and other countries, was hired as the ceo of the group, and the result was that the company lost more than 20 million yuan, and later hired Li Mou, who had worked in the Korean telecommunications company for 10 years, and the company still lost a lot. In this way, Wu Ruilin was even more unbelieving to outsiders.
Don't rely on outsiders, the family has talent, that's okay! Although Wu Ruilin has three sons, all of whom hold important positions in the family business, it is a pity that none of them are worthy of great responsibility. Among them, the eldest son Wu Zhiyang made a rape case in December 2013 and was discredited, the second son died of drunk driving in 2004, killing 2 people, and the third son Wu Zhijian was interested in the Internet.
Wu Zhizhong
Wu Ruilin has monopoly on power, saying that no one is supervised, no one supervises, no matter how smart he is, he will also make mistakes.
<h1 class= "pgc-h-arrow-right" > lack of technique</h1>
Since 2010, the superficial Wu Ruilin has been in crisis, and since 2012, the company has been heavily indebted and insolvent.
I didn't make money doing business, I could only make money from other sources.
Loans were taken from banks, and for this reason, most of the shares in the company held by the Wu Ruilin family were mortgaged.
For example, in 2013, Ruijin Mining "lent" Wu Ruilin 560 million yuan, who is the controlling shareholder and controls the board of directors.
Through the bank issued 1 billion yuan of "Qiao Xing private debt". (This is a violation, after the incident, the bank involved was fined more than 700 million yuan, and the supervisor involved was imprisoned).)
Wu Ruilin was not willing to let his hard-fought enterprise go bankrupt, and did not hesitate to take risks: fraudulent loans.
In 2016, Wu Ruilin was very short of money. In June, his "Qiao Xing Electronics" was listed on the domestic new third board, and then he mortgaged 60% of the shares he held and borrowed 500 million yuan, which really could not wait for a moment.
In December 2016, the 1 billion yuan of "Qiao Xing private debt" matured, no matter how hard to raise funds, there was still a default of 312 million yuan of principal and interest, which triggered a crowd redemption storm, the police intervened, and then controlled Wu Ruilin.
<h1 class="pgc-h-arrow-right" > on the trial bench</h1>
Originally, the entrepreneur could not repay the debt, which was not a big deal, but unfortunately, Wu Ruilin violated the criminal law.
Wu Ruilin colluded with 12 senior executives of the company, and since 2013, he has forged various documents and materials 18 times to defraud financial institutions of 11 billion yuan in loans, which is a particularly huge amount.
Wu Ruilin really wanted to go crazy for money, fortunately, he did not drag his son in, which should be his shrewdness.
In 2018, Wu Ruilin and others took to the trial stage in Huizhou, and the Qiao Xing Group was presided over by Wu Zhiyang until the group was liquidated.
< h1 class="pgc-h-arrow-right" > the following words</h1>
The legend of "Telephone King" Wu Ruilin ended with his imprisonment! The hundreds of millions of families he created have also become a thing of the past, or in response to the old saying of our country: rich is not more than three generations.
Fortunately, his three sons did not accompany him to prison, and whether they can return to the rich list in the future depends on their creation. At the same time, the label of "rich second generation" on them should also be removed.