After the wedding banquet, an insider said that Wang Kunheng and Ding Siqing met while studying in the UK and had been in love for many years, so getting married is a natural thing. It seems to be another good marriage of "children". As questions arise, many wealthy people from the same region have intensive marriages. Apart from the "two young people" who can help their children, there is no other consideration?
text | Financial gossip female author: Huang Muxiao
Quanzhou series rich people are going to be in-laws, and the "newcomers" are Ding Jiamin, the second princess of the Seven Wolfs family, and Zhou Liyuan, the second son of the Seven Wolfs family. The news of the two's engagement also became a hot search on Weibo on September 16.
Both companies have listed companies. According to the latest stock price, the market value of Xtep International is HK$25.5 billion (about 22.7 billion yuan), the woman’s father, Ding Shuibo , is 11 billion; the market value of Sepiped Wolves is 4 billion, and the man’s father, Zhou Shaoxiong , is 2.6 billion.
In Chinese vocabulary, this kind of "strong alliance" of rich people is called "marriage". In addition to love, will there be a sound of money bags colliding with capital?
▲Zhou Liyuan and Ding Jiamin
1.
/ Successor of listed companies,
"Lovers finally get married" /
On September 14, netizens posted photos of the engagement banquet of Ding Jiamin, the second daughter of Ding Shuibo, CEO of Xtep International, and Zhou Liyuan, son of Seven Wolves chairman Zhou Shaoxiong.
In the photo, the heroine is wearing a yellow long skirt with a beautiful face. The hero Zhou Liyuan is in a black suit and handsome, and the light yellow tie echoes the heroine's long skirt just right.
Most netizens gave the same conclusion: men and women are rich, men and women are beautiful.
Although it was just an engagement banquet, the two companies held it very grandly. Both parents came to the scene to call, and the two big bosses Ding Shuibo and Zhou Shaoxiong also delivered speeches to the newcomers respectively.
▲The newcomer took a photo with both parents Source: Internet
On September 15, the two brands "recognize love" announced the authenticity of the online marriage. The marriage of rich people always makes the people who eat melons talk about it. The couple's engagement alone set off an Internet feast. It is easy to imagine how lively it will be when they get married.
The interesting thing about this marriage is that neither of them is considered a rich second generation who is in vain. As born in the 1995s, they have already started to work on family affairs.
Ding Jiamin was born in 1997. On Weibo, she introduced herself as the manager of the newly developed women's category "Half Sugar Series" by Xtep in 2021. She participated in product research and full-process planning, designing clothing, planning activities, and also served as a model and spokesperson for the product.
Under Ding Jiamin, the "Half Sugar Series" launched 17 41 items in 2021, and also invited Dilraba Dilraba to endorse it. Her statement in an interview can feel the pride of this creation second generation being both the boss and the spokesperson.
▲Ding Jiamin (right) and Dilraba participated in the event together with Dilraba
Zhou Liyuan was born in 1996. He studied art history at the University of Toronto, Canada. He graduated from university in 2018 and joined Seven Wolfs and became the manager of Seven Wolfs totem. In 2019, 23-year-old Zhou Liyuan became the youngest director of Seven Wolves. Currently, Zhou Liyuan serves as assistant to the general manager and director of the board of directors in the company.
This year, only 26 years old, Zhou Liyuan has made "performance" for the Seven Wolves.
In 2017, Sepwolf acquired the light luxury brand "Karl Lagerfeld", but after the acquisition, it suffered losses for many years, dragging down Sepwolf's performance. In 2018, Zhou Liyuan began to participate in the management of Karl Lagerfeld and began to make profits after taking over three years. In 2021, the brand revenue was 297 million yuan, a year-on-year increase of 107.32%, and a profit of 11.2036 million yuan.
Ding Jiamin and Zhou Liyuan, from their figure, personal ability, and wealth background, are all ceiling-level existences in the marriage and love market. It is understandable that a pair of beautiful couples walk together like this.
Perhaps it was because of the fear that the word "marriage" would destroy the purity of the couple's relationship. According to the current tone, the two are childhood sweethearts and had been in love with each other earlier. This time, the engagement was "a lover who finally got married."
In Quanzhou, Fujian, there are many "children" between the children of wealthy people. The combination of Ding Jiamin and Zhou Liyuan is just the tip of the iceberg in the "marriage" army of wealthy people in Quanzhou.
2.
/ Six major families, 7 big bosses,
100.9 billion assets of marriage bureau /
On May 11 this year, Bama Tea Industry voluntarily withdrew its IPO application, the listing process was terminated, and the dream was broken "the first tea stock". It was a sad story, but netizens followed the clues and found that Wang Wenbin, the actual controller of Bama Tea Industry, has a net worth of 600 million yuan. His three children have all achieved good "in-laws", and the other party is a family of a listed company.
Wang Wenbin’s eldest daughter Wang Jialin married Zhou Shiyuan, son of the actual controller of Seven Wolves. The second daughter Wang Jiajia married the actual controller of Gaoli Holdings Gaoli , and her father Gao Shijun is the founder of Jiangsu Gaoli Group . The youngest son Wang Kunheng married Ding Siqing, the daughter of the boss of Anta in 2020.
And on January 19, 2020, the princess of XP, Ding Lizhi, married Jiumu Sanitary Ware Chairman Lin Xiaofa , the son Lin Xiaowei .
Among the above-mentioned companies, in addition to Core Holdings, Bama Tea Industry, Anta, Seven Wolf, Xtep and Jiumu Sanitary Ware all originated in Quanzhou, Fujian.
Combining the above information, it can be summarized that the Bama Wang family has married Seven Wolves, Anta and Coli Holdings, and the two daughters of the XTU connect the Seven Wolves and Jiumu Sanitary Ware families. A marriage picture of a rich man in Quanzhou involving 6 major families and 7 big bosses is gradually becoming clear:
According to the statistics of the "2021 Hurun Rich List", the total net worth of the six big bosses Ding Shizhong (Anta), Zhou Yongwei (Seven Wolves), Zhou Shaoxiong (Seven Wolves), Ding Shuibo (Xyed Waves), Lin Xiaofa (Jiumu Sanitary Ware), and Gao Shijun (Gao Li) is 100.3 billion. According to media reports, Wang Wenbin's net worth is also 600 million.
These five marriages have linked 100.9 billion yuan of funds. I wonder if the marriage between a wealthy family that has a assets worth hundreds of billions of yuan will be like this? Under the above-mentioned news of Ding Jiamin and Zhou Liyuan's engagement, netizens raised such questions.
In fact, there are ready-made answers for reference.
January 8, 2020 Wang Wenbin's youngest son Wang Kunheng, whose wedding to "Anta Princess" Ding Siqing was briefly circulated on the Internet.
The wedding of the two is themed "The Eternal Eternity of the Sun" and the scene is mainly composed of princess pink and rose gold . It is said that the venue construction and arrangement alone cost more than 2 million yuan.
▲Photo source/Weibo@Nottingshan Wedding Planning-NottingHill
The wedding that night was quite lively. Based on Anta's influence in the sports circle, half of the sports circle came to congratulate. The guests included Zhang Jike , Zou Shiming and others. Even Anta's competitor Li Ning himself also came to congratulate. In addition, celebrities in the entertainment industry, such as Du Jiang Huo Siyan and his wife, Guan Xiaotong , Chen Feiyu , Wu Jinyan and others, also sent blessings through videos.
Media reports that Anta CEO Ding Shizhong gave his daughter Ding Siqing a very generous dowry, with a total value of cash, real estate and luxury cars worth over 100 million yuan. There is another saying that Anta shares in the dowry, totaling up to 3.8 billion.
▲Photo source/Weibo
The wedding was held on Xiamen , and Wang Kunheng and Ding Siqing held a return banquet at Ding Shizhong's hometown Jinjiang . Ding Shizhong was generous and not only did he not want the gifts from the villagers, but he also sent a red envelope of 1,000 yuan to each of the elderly in the village. All the air tickets and accommodation fees for all guests were also free.
After the wedding banquet, an insider said that Wang Kunheng and Ding Siqing met while studying in the UK and had been in love for many years. Getting married is a natural thing. It seems to be another good marriage of "children".
Questions followed. Many wealthy people from the same region were intensively engaged in marriages. Apart from the "two young people" who helped their children, there was no other consideration?
Don't forget, they are businessmen.
3.
/ Why are the rich people in Quanzhou keen on marriage within the circle? /
Southern Fujian culture is a family of its own. They come from the same living circle and regional culture. The marriage of children has high symbolic functions and social significance.Ordinary people even like to find relatives in the local area, and it is understandable that the rich do this.
Of course, there are deeper considerations in the marriage between rich people in Quanzhou.
The above talks about the six major wealthy families in Quanzhou that have been married. What are the companies behind them?
is implemented on paper. As a listed company, the market value of Xtep International is HK$25.5 billion (about 22.7 billion), the market value of Seppewolves is 4 billion, Anta is HK$244 billion (about 217.6 billion), and Coli Group is HK$505 million (about 450 million).
has introduced Bama Tea Industry, withdrew its IPO and has not yet been listed. However, it was listed on the New Third Board with a market value of 616 million at that time. Jiumu Sanitary Ware has been reported to be on the market many times, but it has not been on the market.
is shown through digital display. Except for Anta Sports, which has a market value of more than 20 million, the development of other companies in the capital market is not ideal.
is a marriage of Xtep and the Hundred Wolves. XP 2022 semi-annual report shows that its revenue was 5.684 billion yuan, although it increased by 37.45% year-on-year, it is not large in size. In addition, the business is supported by children and the elderly, but it is not favored by the young "Gen Z". The "half sugar series" led by Ding Jiamin has focused on young consumers since 2021, and the effect remains to be verified.
Seven Wolves' 2022 semi-annual report shows that its revenue in the first half of the year was 1.448 billion, a year-on-year decrease of 6.06%, and its profit was only 108 million. The revenue side stagnated and the profit side continued to be under pressure.
From the beginning of marriage, Xtep and the Seven Wolves had already "embrace each other" in 2015. Tianyan Check shows that Fujian Qipilang Industrial Co., Ltd., Jinjiang Wanfeng Investment Co., Ltd., and Rongsheng (Xiamen) Investment Co., Ltd. jointly established Cross-Strait Youth (Xiamen) Equity Investment Fund Management Co., Ltd. in May 2015. The equity penetration chart shows that the actual controller of Jinjiang Wanfeng Investment is Ding Mingzhong, the actual controller of XP.
"Cross-strait youth" investment direction is about "leasing and business services". Over the years, youth on both sides of the Taiwan Strait have been making frequent moves in the investment field, and have participated in Zhitong Shishi's B round of financing, My E-commerce A round of financing, Mankai Animation's A round of financing, etc., involving various sectors such as culture, network technology, e-commerce, etc.
can be seen from the prospectus of Bama Tea Industry that the marriage is indeed of little help to the company.
In 2020, Anta's daughter married into the house. That year, Anta Sports and its affiliated companies purchased 53,100 yuan of tea and related products.
From 2018 to 2020, Bama Tea Industry sold a total of 144,600 yuan of tea and related products to Sepwolf and its affiliated companies. Interestingly, among the receivables in 2020 and 2021, Bama Tea Industry also set aside for 1,700 yuan and 3,500 yuan for Seven Wolves . Maybe it was because the money was too little, so Bama Tea Industry didn’t have the nerve to “recover”, so the accountant had to write it in the prospectus.
In addition, Bama Tea Industry also leased Seven Wolves' house for store operations, with a total rent of 191,100 yuan from 2018 to 2020.
Whether it is a cooperation to establish investment company or a "friendly purchase" of tea, the transaction amount is not large.
If marriage is just for "business cooperation", it is too childhood. There is a word called "resource sharing". It can be used normally. It is a mountain of gold and silver when sharing it at critical moments. The young couple are all a family, isn’t “resource sharing” a problem?
Another point is that as a listed company, there is a family in-law who is also a listed company. The role of this matter itself on the stabilization of stock prices is self-evident. In the capital market, giving investors and investors confidence is a very important homework for the boss. Since it is effective to fulfill a childhood sweetheart love, why not?
Not to mention the rich people in Quanzhou, the founding generations need to join forces to join forces to keep warm. Even some "old money" still maintain this "cooperation method".
In December 2021, the groom Hu Zhiluo and the bride Hu Yongying got married in a low-key manner but caused a sensation in Hong Kong. Although the man’s father Hu Jiahua has passed away, the family assets are still worth tens of billions. The woman comes from the famous Huo family. She is the youngest daughter of Ho Ying-tung Second house Feng Jianni Third son Huo Wenxun , and is also the cousin of Ho Qigang .
2019 "second richest man" in Hong Kong, China Li Ka-ki's granddaughter Li Jingyi married the "fourth richest man" Guo Desheng 's nephew Guo Zhaocong.
2014, 30-year-old Lin Tianer married He Zhengde. Lin Tianer's father is the boss of China Asia, Lin Jianyue, and her grandfather is a famous entrepreneur in Hong Kong, Lin Baixin, . The Ho Zhengde family is also a top wealthy family in Hong Kong. The Hong Kong tobacco company and the Sing Tao Daily are the assets of the Ho family, with a family wealth of at least more than 20 billion.
In 2009, Xu Qingchi, the son of Xu Lianjie, the founder of Hengan Group, married Qiu Yongxian, the granddaughter of Hong Kong Far East Bank and former richest man in Hong Kong.
In December 2007, Hong Kong's "Toy King" Cai Zhiming The eldest daughter Cai Jiamin and Ma Hongming, son of Ma Jiezhang, the chairman of the group, tied the knot.
In 2001, the son of the gambling king, , He Youlong, , married to the granddaughter of Hong Kong , Luo Guixiang , the founder of Hong Kong , Luo Xiuyin .
...
These nepotisms have become the bonds that bind the interests of major wealthy families. As long as there are no "prodigal sons" at the level of a great devil, wealth and blood can be passed down among them.
There are many rich people in Quanzhou, and the marriage story will be continued.
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