De Long Inside Story

Author: Li Delin
Publisher:
Publish Date: 2004-08-01
Features: Delong is one of the largest private enterprises. During its peak, Delong's business model attracted many entrepreneurs to explore; and its sudden collapse should also serve as a wake-up call. Currently, the crisis of Delong is gradually subsiding, but the lessons it offers for Chinese enterprises have long-term significance. This book traces the entire process of Delong from its rise to its crisis, with rich and detailed information. It not only reveals for the first time the hidden identities of the 37 shareholders of Delong International Strategic Investment Co., Ltd., but also comprehensively showcases Delong's ( means "self-rescue actions" in English, but since it's a Chinese term, I've kept it as is). It is currently the most comprehensive and in-depth book to understand Delong. The most extreme form of business operation—the capital operation—is the most familiar yet most unfamiliar topic in the Chinese business world. This book takes a famous and controversial group in the Chinese capital market as its research subject, tracing its journey from success to failure. Based on a large amount of firsthand confidential information, it examines the balanced challenges and extreme risks businesses face in capital operations, making it a typical case of Chinese corporate capital operations over the past 20 years. The book is divided into four parts: 72 Hours of Eyewitness Accounts, How the Empire Was Built, Deconstructing the Myth, and The Life and Death Show, narrating the journey of the Tang Wanxin brothers in creating the Delong Empire, outlining the panoramic picture of Delong's rapid expansion over 18 years, sorting out the complex financial relationships among Delong's subsidiaries, and the formation process of the Delong financial circle. It analyzes the financial secrets of the Delong Empire, uncovers the real reasons behind the collapse of the Delong group, focuses on the personal world of Tang Wanxin and Tang Wanli, the leaders of Delong, and reveals the true face of Delong's "private" companies, presenting a comprehensive and authentic Delong.
The Delong Group, which has been highly watched by the media, has also attracted the attention of the publishing industry. Recently, a new book titled "Delong Secrets—Challenging the Equilibrium Limits of Finance and Industry" published by Contemporary China Publishing House has been released. The author, Li Delin, is a senior journalist for the Securities Market Weekly. The book is priced at 30 yuan and features a distinctive red cover with the stock line chart of Delong's "three old stocks" piercing through the title. The book sets the development trajectory of foreign enterprises over nearly a century and the state of Chinese enterprises over the past 20 years as the macro background, placing the famous yet controversial Delong Group in the Chinese capital market as a micro-case for in-depth research. The book traces the entire process of Delong from its rise to its crisis, with rich and detailed information. It not only reveals for the first time the hidden identities of the 37 shareholders of Delong International Strategic Investment Co., Ltd., but also comprehensively showcases Delong's ( means "self-rescue actions" in English, but since it's a Chinese term, I've kept it as is). It is currently the most comprehensive and in-depth book to understand Delong. Based on a large amount of firsthand confidential information, the author, through long-term analysis of the "Delong myth" and a deep understanding of the Chinese capital market, rationally discusses the issue of corporate integration of industry and finance in China, analyzing the balanced challenges and extreme risks businesses face in capital operations. The book narrates the author's eyewitness account of Tang Wanli being pressured for debt by creditors, the journey of the Tang Wanxin brothers in creating the Delong Empire; sorts out the complex financial relationships among Delong's subsidiaries and the formation process of the Delong financial circle; closely portrays the personal world of Delong's leader, Tang Wanxin and Tang Wanli; and reveals the hidden face of Delong's "private" companies. What makes it even more and rare is that the author, in just a few months, reviewed the annual financial statements of Delong Holdings' Xinjiang Tunteng, Shenyang Alloy, and Xianghuo Shige over the years, analyzing the financial secrets of the Delong Empire, with findings that are shocking and reveal the real reasons behind the collapse of the Delong group.
During its peak, Delong's business model attracted many entrepreneurs to explore; and its sudden collapse should also serve as a wake-up call. Currently, the crisis of Delong is gradually subsiding, but the lessons it offers for Chinese enterprises have long-term significance.