Inside Derong: Challenging the Balance Limits of Finance and Industry

Author: Li Delin
Publisher:
Publish Date: 2004-08-01
Features: Delong is one of the largest private enterprises. During its peak, Delong's operational 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 to Chinese enterprises have long-lasting 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 ( translates to "self-rescue action") plan, A Plan. It is currently the most comprehensive and in-depth reading to understand Delong.
The extreme form of corporate operations—capital operations—is one of the most familiar yet most unfamiliar topics in the Chinese corporate world. This book takes a famous and controversial group in the Chinese capital market as its research blueprint, tracing its journey from success to failure. Based on a wealth of firsthand confidential materials, it examines the balanced challenges and extreme risks enterprises face in capital operations, making it a typical case study 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 Struggle. It narrates 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 intricate 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 Delong's leader, Tang Wanxin, and Tang Wanli, reveals the true nature of Delong's "illegitimate" subsidiaries, and presents 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 microcase for in-depth research. It 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 ( translates to "self-rescue action") plan, A Plan. It is currently the most comprehensive and in-depth reading to understand Delong.
Based on a wealth of firsthand confidential materials, 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 production and finance in China, analyzing the balanced challenges and extreme risks enterprises 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 intricate financial relationships among Delong's subsidiaries and the formation process of the Delong financial circle; provides a close portrayal of the personal world of Delong's leader, Tang Wanxin, and Tang Wanli; and reveals the true nature of Delong's "illegitimate" subsidiaries.
What is even more impressive and rare is that the author, in just a few months, reviewed the financial statements of Delong Holdings' Xinjiang Tunteng, Shenyang Alloy, and Xianghuo Shige over the years, analyzing the financial secrets of the Delong Empire. The findings are shocking, revealing the real reasons behind the collapse of the Delong group.
During its peak, Delong's operational 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 to Chinese enterprises have long-lasting significance.