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Foxconn Boss Termine Gou Have had a relationship with many female stars in his life, but what caused him the most headache was a "working girl"!
This "working girl" is called Wang Laichun .
In 1967, Wang Laichun was born in a rural village in Chenghai, northeast of Shantou, Guangdong. It is located very remote and dozens of kilometers to the nearest county town.
Wang Laichun has two older brothers, the eldest brother is Wang Laixi, and the second brother is Wang Laisheng . The whole family makes a living by farming. The family is extremely poor. The children of poor people have long been in the family. Wang Laichun has been doing handicrafts with female elders since she was a child. She publicly said that all the tuition and miscellaneous fees for studying were earned by hand by herself.
Even the new clothes during the Spring Festival were bought by her own handmade clothes. In addition to her study time, she also had to work more than ten hours a day. This has tempered Wang Laichun's patience and became a valuable asset in her life.
More than a year later, she became a rich female tycoon and said, "I didn't feel hard at that time... If I hadn't had the experience of childhood, I might have felt very hard, and I might not have been able to persevere today."
Because the family was too poor, Wang Laichun dropped out of school and stayed at home after finishing junior high school.
At that time, the pace of reform and opening up of accelerated. Many young rural people went out of the countryside and went to work in the city, and Wang Laichun also wanted to go out very much.
But she is young and her parents have always disagreed.
It was not until the age of 21 that Wang Laichun had the opportunity to go to the city to work, and the encounter with Terry Gou became natural.
988, 38-year-old Taiwanese businessman Terry Gou, who was 38 years old, took advantage of the development opportunities in Shenzhen and went to the foot of the Benshan Mountain in Xixiang, Shenzhen to establish a factory, which was later the Foxconn Precision Component Factory in Shenzhen, Guangdong, which specializes in the production of computer peripheral connectors.
Taiming Guo wants to recruit more than 100 workers in Chenghai, Chaozhou , Fengshun and other places, and many young people are rushing to sign up. Guo Taiming wiped out many people, leaving behind Wang Laichun who came to apply for the election.
After Wang Laichun entered the factory, he discovered a big problem.
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Accommodation conditions are too difficult. There are no single dormitories in the factory. More than 100 female workers are crowded in one room and sleeping in a large bed. As long as anyone makes a little noise in the middle of the night, they can hear it clearly...
The house is very hot in summer, and the fans are blowing hot wind, and it is extremely cold in winter. They have to go far to take a bath and go to an abandoned wooden house on the construction site to solve the problem. If there is a power outage, they have to run to a village one kilometer away to take a bath. What is most unbearable about
is that working hours are too inhumane, because the factory has just been established and everything is unstable. The factory often has power outages, and Terry Gou demands "to go to work with electricity, but to get off work without electricity."
means that as long as you call, you must work immediately whenever you want. At that time, the power supply was usually supplied at 6 or 7 in the morning. Occasionally, the call came only in the middle of the night. Wang Laichun and his colleagues were called to work in the middle of the night...
The rooster crowed in the middle of the night, and it was a mess. Gradually, many people couldn't stand it and began to resign and leave. In the end, there was only a small number of people left in the factory, including Wang Laichun.
Wang Laichun is different from other employees. Not only can she endure all difficulties, she also often sneaks overtime in the middle of the night, not for the sake of the job, but for the purpose of making more money. The reason why she came out secretly was because she was afraid that other workers would gossip...
In Foxconn, Wang Laichun also has another characteristic. After doing the work, she often observes how people around her work, learn from the good, and silently learn the tricks. She is not ashamed to ask how experts can do it.
At that time, 38-year-old Terry Gou was also a workaholic and often went to factories. Once, there was a problem with the production line and the machine broke down. Guo Taiming immediately summoned relevant technicians to solve the problem.
Wang Laichun saw with her own eyes that in order to solve the machine bug, Boss Guo stayed on the front line for three days and three nights without sleeping, which shocked her and also inspired her in the future to do things and start businesses.
In addition, a word from Guo Taiming also gave her a chicken blood. During a meeting with employees, Terry Gou said something like "No one is born to be poor", which made Wang Laichun begin to regard him as an idol, and his dream of wealth began to be pissed off.
Wang Laichun has been working at Foxconn for 10 years. She has been learning the working skills of various positions all the time, witnessing the development process of Foxconn from imperfection to gradual improvement, from human work to informatization, and gradually from ordinary female workers to group leaders and line leaders to management of thousands of people.
More than a year later, Wang Laichun said: "Many people go to work with a slutty attitude, but I haven't lived for a day. Apart from work, studying became the second profession every day, and I think learning is everywhere."
At that time, a wave of entrepreneurship was set off. Guangzhou TV station hit the TV series " Foreign Girl ", telling the story of a few girls working from mountains to the city, and some of them started their own businesses...
I wonder if Wang Laichun also watched this drama, so he made a bold decision.
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997, after working at Foxconn for 10 years, 30-year-old Wang Laichun decided to start his own business. After she had this idea, she proposed to resign to Terry Gou. There are rumors in the market that Guo Taiming learned that Wang Laichun was going to quit his job and started a business, and said generously: "You can endure hardships, do things seriously and meticulously, and I can support you in starting a business."
was supported by an idol he had always admired. Wang Laichun had the confidence to start a business and ran home to discuss with his brother, indicating that he wanted to do it alone, but his brothers agreed.
More than a few years later, the media asked Wang Laichun, what was the driving force for the initial entrepreneurship?
Wang Laichun answered without thinking: When starting a business, the motivation may be to improve life, because it comes from a relatively hard-working family, and starting a business is to improve life.
At that time, the second brother Wang Laisheng had already started to engage in wholesale and retail of daily necessities. He was very optimistic about the market environment at that time. The brother and sister worked together and took action quickly.
They first opened a processing factory called "Quansheng" in Shenzhen. There are two theories circulating in the market.
First, Wang Laichun and Wang Laisheng took out all their savings to raise.
The second is funded by Terry Gou. As for why Terry Gou is funding, there are various rumors about his relationship with Wang Laichun on the Internet. There are many different opinions. Anyway, there are all kinds of things to say, but there is no real evidence.
But no matter what, after transforming from a working girl to a factory director, Wang Laichun not only did not lose money, but made a small profit, just as the factory name won a "complete victory", which was considered to have made the first pot of gold.
At that time, the Hong Kong financial crisis was in a state of crisis, and many companies went bankrupt. Wang Laichun and Wang Laisheng targeted Luxshare, and raised some more money. Some people also said that they had borrowed money from Terry Gou, but the acquisition of the company was soon completed.
Wang Laichun took the position of chairman of Luxshare. The company's business is very similar to Foxconn. They are both engaged in research and development, production and sales of various electronic connection lines and connectors.
In the company, Wang Laichun is almost a copy of Terry Gou. She also posted classic quotes from Terry Gou in every corner of the company's workshop and office, such as "Walking out of the laboratory, there is no high technology, only the discipline of execution", "Errors are not scary, what is scary is to make the same mistakes repeatedly", "If you don't understand, ask. Those who want to save face will lose even the inner world in the end."
Someone joked that if it weren't for the word "Luxxx" written at the company's gate, I would have thought this was another Foxconn factory. Because the two companies are so similar, the outside world says Luxshare is "Little Foxconn".
Not only that, Guo Taiming also gave Wang Laichun a lot of enviable things.
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In 2002, Foxconn was at its peak, and orders skyrocketed. Some orders were rushing to rush day and night, and they worked unlimited overtime, but they still couldn't finish them.
Guo Taiming thought of Wang Laichun at this time and gave Wang Laichun some of the endless orders that Foxconn had made.
With the orders fed by Foxconn, Luxshare was able to spend one spring after another. According to incomplete statistics, Foxconn contributed more than half of their revenue to Luxshare.
This means that Wang Laichun initially relied on Guo Taiming's "allowing" to make money.
At that time, Wang Laichun followed Foxconn's development pace, and she immediately followed wherever Foxconn built a factory.This kind of personalized service has received support from Boss Guo, and even Guo Taiming's younger brother , Guo Taiqiang and also came to support him.
Wang Laichun's shareholders are Fugang Electronics, a subsidiary of Foxconn. Its chairman is Guo Taiqiang, and Foxconn's Zhengwei Group is also a shareholder of the company.
, supported by the two brothers of the Guo family, Luxshare has a steady stream of business and abundant funds. He has made a lot of money and has become more confident.
004, Wang Laichun, who earned the original funds, chose to return to Shenzhen and established Luxshare Precision Co., Ltd. at the age of 37. The business is still closely related to Foxconn and is extremely close...
days later, Wang Laichun himself said: "My own company has grown from more than 100 people to more than 10,000 people today. During this period, I have experienced many setbacks and used what I learned from Foxconn. It is correct to operate with management model. "
Wang Laichun has the style of Guo Taiming. Media person Xie Jinhe told a story. He once led a team to visit Luxshare's factory in Dongguan . Wang Laichun would come to pick her up in person, explain each link by herself, and be meticulous about work. When he left in the end, Wang Laichun also personally sent everyone into the car and kept waving goodbye...
Wang Laichun has been in the company all year round, and few people saw her absence.
Wang Laichun, who has been learning and imitating Terry Gou, is also quietly getting rid of Terry Gou. While she was working with Foxconn, she was also quietly recruiting core talents for Luxshare.
Wang Laichun offered conditions, saying that if you receive 2,500 yuan from Foxconn, you will receive 7,500 yuan here. If it is 10,000 yuan there, you will receive 20,000 yuan here. In the future, equity will be given, and the company will also go public...
Many people joked that Wang Laichun was simply a fool. An ordinary "working girl" actually wanted to be the boss of a listed company. It was ridiculous, but soon, she shocked many people's chins.
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Some industry insiders have found that since 2007, Luxshare Precision has gradually reduced its dependence on Terry Gou's Foxconn.
Luxshare Precision Prospectus shows that from 2007 to 2009, the company's revenue from selling products to Foxconn accounted for 47.73%, 56.46% and 45.38% of the current operating income, respectively. Although Foxconn is still the largest customer, its influence is gradually decreasing...
In 2008, when Terry Gou shuttled among female stars like a little bee and scandals were flying all over the world, Luxshare Precision led by Wang Laichun was already ready to go public.
I don’t know whether it is to win over the old boss or the old boss’s layout. A year later, Guo Taiming’s brother Fugang Electronics invested 40 million yuan to subscribe to 4 million shares of Luxshare Precision, and became the third largest shareholder of Luxshare Precision with 3.08% of the shares.
In 2010, 60-year-old Terry Gou was enjoying a tight and silky life with his wife, who was 24 years younger than him, while his Foxconn was shocked by endless overtime work, which led to a shocking "thirteen consecutive jumps" incident, and fell into the whirlpool of public opinion in the "sweatshop"...
In this year, 43-year-old Wang Laichun decisively terminated OEM for Foxconn and adjusted the focus to independent production of connectors.
Subsequently, Luxshare Precision was listed on the Shenzhen Stock Exchange. Wang Laichun's net worth soared to 2.3 billion yuan overnight, making it the first Chinese rich list, seemingly getting rid of Guo Taiming...
media commented on Wang Laichun, "There are already one or two hundred listed companies in Shenzhen, and there are countless wealthy people in Shenzhen, but it is extremely rare to start a business with authentic working girls. Wang Laichun can be said to have filled this gap." When
received great attention, Wang Laichun announced, "Luxxx is determined to become an evergreen in the connector industry. The overall strategic goal in the next 3 to 5 years is to become the world's leading provider of connector and connection component solutions.”
She said that she would also enter the field of automotive connector , communication connector, and various high-end consumer electronic products connectors...
No one expected that Wang Laichun played a big game!
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do whatever she said. In April 2011, 44-year-old Wang Laichun spent 580 million to acquire Kunshan Liantao Electronics and established a collective research and development , an operation center integrating production and sales.
Kunshan Liantao mainly serves ODM/OEM customers such as Quanta, Compal, Wistron, Foxconn, etc., and is one of the main suppliers of Apple's connection cables in the United States. This means that Luxshare Precision will also enter the Apple supply chain and begin to chew "fat apples" hard, trying to get a share of Foxconn.
Not only that, Wang Laichun also launched a crazy acquisition war.
In November of the same year, Wang Laichun's Luxshare Precision spent 75 million yuan to acquire 75% of the equity of Kerrtong Industrial, and began to supply the Internet of Huawei and Emerson .
years later, Wang Laichun spent about 5 million euros to acquire German SUK. SUK is BMW Mercedes-Benz's core supplier of plastic parts such as door locks, which masters leading technology such as soft and hard composite materials 2K in the field of automotive precision plastic parts. This means that Luxun has entered the automotive field and took advantage of the situation to acquire two major customers of BMW and Mercedes-Benz...
In 2016, 49-year-old Wang Laichun said that he would acquire 51% of Suzhou Mete Technology's shares. The company plays a pivotal role in developing and mass-producing ultra-thin small speakers and dynamic receivers. Entering the field of Apple acoustics...
's series of operations tend to take Foxconn and replace it. It is said that it also caused Terry Gou's panic, which made him very angry and shocked...
But no matter what, after several years of hard work, Wang Laichun's Luxshare Precision has formed a comprehensive industrial layout, involving electronic consumer products, communication products, automobiles and medical products, etc.
At this time, Terry Gou is no longer Wang Laichun's dish, she has included another international giant in the range.
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In 2017, Luxshare Precision used excellent technology to obtain the qualification of Apple's Airpods OEM, and the company's performance rose to a higher level. Before
, Apple handed over the order of AirPods to Yingyeda Company in Taiwan for processing, but Yingyeda's production cannot keep up with it, and the yield rate is only about 50%. Supply delays often occur. In order to solve this headache, Apple CEO OCook has found many companies to do, but it cannot be solved.
After all, the process of AirPods is too complicated, and its precision is like embroidery, which is difficult for ordinary OEM factories to achieve. Cook tried to hand over some orders to Luxshare Precision...
Wang Laichun got the order and led the scientific research team to test and polish it hard, quickly meeting Cook's requirements, and at the same time increased production, shortening the delivery cycle of AirPods to 3 days, with a yield rate of nearly 100%.
This shocked Cook.
At that time, there was a round film on the Apple charger. Cook required that there should be no bubbles under the film patch, and it also needs to be 100% close to the charger. Many companies cannot do it, and only Luxshare Precision did it.
just for this detail. Luxshare Precision conducted 23 tests and gave the test results to Apple for inspection. Finally, Cook almost jumped up and praised Wang Laichun: You are really great!
Luxshare Precision led by Wang Laichun completely conquered Cook.
In order to show his love, Cook also personally visited a factory in Kunshan . After visiting, he posted on Weibo: Their top-notch factory incorporates amazing exquisite craftsmanship and thought into AirPods Manufacturing. Ms. Wang Laichun, Chairman, has created an outstanding culture of people-oriented. I am very happy to cooperate with them.
So, many people say that Cook loves Luxshare Precision the most. Foxconn, once Apple's largest foundry, is in jeopardy...
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In 2019, Luxshare Precision relied on its real skills and had the exclusive agency rights of Airpods. The sales of the product soared to more than 50 million orders, and its revenue exceeded 62.3 billion. It is said that Luxshare Precision's profit that year reached 4.7 billion.
In August of the same year, Wang Laichun ranked 1168th in the "2019 Forbes Global Billionaire List ". In October, she won the 118th place in the "2019 Hurun Rich List" with a wealth of 6.5 billion yuan.
In the "2019 Hurun Female Entrepreneurs List" released by Hurun Research Institute, Wang Laichun ranked 18th with a wealth of RMB 26.5 billion.
Many people say that Wang Laichun created a miracle, but she herself believes that there is no particularly big difference in career between women and men, but from a sensual perspective, men may be a little cold-blooded, and she is a community of male and female, with ruthlessness and warmth.
Because of the business layout and development over the past few years, Luxshare Precision has really gotten rid of Foxconn and changed from a subordinate relationship to a competitive and cooperative relationship. What is even more surprising is that a year later, Luxshare Precision's market value reached 400 billion, far exceeding Foxconn's parent company Hon Hai Group , and Wang Laichun also soared to the fourth place in Hurun's global self-made female richest list.
In 2021, 54-year-old Wang Laichun topped the list of "2021 Forbes China Outstanding Business Women's List ". At the same time, she continued to improve herself and obtained the EMBA at Tsinghua University Shenzhen Graduate School. Under the leadership of Wang Laichun, Luxshare Precision has now become the largest connector manufacturer in China.
And Terry Gou's plan to lead Foxconn into the United States not only encountered many setbacks, but also attracted countless criticism...
Regarding the achievements he has made along the way, Wang Laichun said, now I think I can't say that I have succeeded, I can only say that at every stage we work hard to not leave any regrets.
Thinking of Terry Gou’s words, “No one is born to be poor”, Wang Laichun, who has advanced from a “working girl” to a billionaire, will definitely be filled with emotion.
Industry insiders predict that Luxshare Precision and Foxconn will eventually have a battle in the future. After all, one mountain cannot accommodate two tigers. As for the final battle, we will wait and see.
Wang Laichun said: "Those who fly with the phoenix must be handsome birds." Time may give the answer to who is the phoenix and who is the rookie.
