The Collapse of Delong: The Last Insider in China's Stock Market

Author: Fu Wengge
Publisher:
Publish Date: 2004-01-01
Features: Starting from the Home Color Development Company in Urumqi, it experienced the high-speed development of the information industry in the "seller's market," the real estate industry bubble in the early 1990s, and the early Chinese stock market where "ripping off a piece of paper could make money." Since the reform and opening-up, almost all the money-making opportunities and wealth-building fields have been seized and capitalized on by Delong. At its peak, Delong had 177 subsidiaries and granddaughters, managing hundreds of billions of yuan in massive funds, spanning industries such as agriculture, cement, manufacturing, finance, aerospace transportation, logistics, and cultural tourism. Experts claim that if calculated based on the output value method of the Fortune Global 500, Delong could have already entered the list long ago. The "entrepreneurial club" philosophy, internationalization concept, and industrial integration concept actively advocated by Delong all shine with the unique brilliance of Delong itself and also reflect the brilliance of business management wisdom. The expansion journey once undertaken by Delong has not lost its reference significance despite its ultimate failure.