The Truth About Delong

Author: Zhao Long
Publisher:
Publish Date: 2005-01-01
Features: The level that Delong has reached is actually the limit that private enterprises can achieve at this stage. In addition to existing industries, Delong is about to enter the heavy equipment industry, including heavy-duty trucks, rail transit, and civil feederline aircraft. Today, China has the potential to become a true "world factory" in the field of heavy equipment industry. We can acquire European enterprises with very small strategic investments to obtain brands and technology, while obtaining relatively cheaper long-term capital in the U.S. capital market. Restructuring Delong is restructuring ourselves, restructuring the thinking methods and behavioral patterns of China's private enterprise community, and restructuring the social foundation for China's management system environment and economic rise. — Wang Wei, Secretary-General of the Global M&A Research Center
The crisis of Delong today cannot but prompt us to deeply reflect on all these institutional issues. We may not save Delong, but we must save the imperfect system. — Phoenix TV
We must stand from the perspective of national strategic development to think about the problems of large private enterprises, which is beneficial to China's development of catching up. For example, around the development of large private enterprises, can we provide some specific arrangements? — Xiang Hong, Executive Chairman of Delong's Board of Directors
To get involved, one day you have to pay back. — Movie "Infernal Affairs III"
In China, no other company has caused as much controversy. Its inscrutability, its omnipresence, its mysterious operations force those who have encountered it and observed it to rely on their limited "seeing is believing" to make judgments, and the story of "the blind men touching an elephant" truly occurs in China's economic and social landscape. This "it" is Delong. As a deeply entrenched enterprise, Delong, despite not being particularly "" ( implies sophistication or meticulousness) in its financing methods, still possesses highly skilled financial techniques. However, financial techniques are after all technical operations. Even the most creative techniques—such as Wang Wei said, "M&A is an art, but for Delong, this 'specimen,' the key is not in this, but in its structure, its model, its mindset, and its lessons. Therefore, the focus of this book is also on these aspects.
Relying on capital power to occupy mainstream industries and gain control is the inevitable path for China's large enterprises. On this path, the deliquescent Delong still holds extraordinary significance, even its "death" has provided the first case study for the market-oriented restructuring of China's large enterprises.