In mid-1992, many employees of a state-owned enterprise located in the southwest of received the stock distributed by the company. For them, this is a very novel and dare not believe too much.
After receiving the certificate of their own, there were crowds of three or two, and everyone was talking about it. No one thought about how to deal with these stocks. It was like some bubbles, and they were always worried that it would disappear soon.
But just when everyone was worried, a person stood up and expressed his willingness to invest in the acquisition of the stock certificates in their hands. A big fool like
actually bought it from them at a price that exceeded their expectations? After hesitation, many people choose to buy and sell their vouchers.
At that time, they were very proud, but after a while they were stunned and sighed that they missed its appreciation space.
However, I couldn't wait, and all the sighs were just a sigh, secretly disappointed, but I quickly felt relieved.
People are curious about who the person who bought the stocks is named? How lucky to have such a great opportunity?
When people learned that this man was a very young man, less than 30 years old, they were even more amazed at his decisive behavior and boldness in doing things.
Delong boss has made his mark
This person is the boss of Delong company that has just been established Tang Wanxin .
He is like an intermediary that communicates between corporate employees and professions. With a strong enough mind and information gap, he has gained a large amount of high-quality stocks that can be appreciated.
At the same time, he also obtained a large amount of funds in a short period of time. It was very rare to buy and sell stocks at that time, let alone such a large amount of reselling.
Through his own efforts, he owns his own company and becomes a successful person.
He only got a small part of the stocks available for liquidity in state-owned enterprises, but with very frequent resales, the daily gold-making money was a basic value within reach for him at that time.
Every time he passes a transaction, his wealth increases by a large amount and he is always in a state of confidence.
In this process, it is also inseparable from the efforts of the hired person who bought stocks. At the worst, outside a window, they are the people who hold warrants for him and queule to buy stocks.
has a generous commission, and everyone gets a very considerable daily salary for queues. people who taste the sweetness will spontaneously promote it to their friends around them and organize more people to queue up to buy .
These relatives and friends also constantly introduce people they know and queue up when they have time.
. This process has lasted for many years, but he did not expect that in a few years, he would have such a high profit and such a large scale.
When the 21st century came, Tang Wanxin was surprised to find that the profit from this resale had exceeded 700 million.
, making such a rich and stable profit, has also provided him with abundant original funds in recent years and tried to start businesses in multiple industries. After making his first pot of gold, he expanded his business to multiple fields.
has been operating miserably and has succeeded again. Although
has achieved such great capital achievements in finance, , before 1992, Tang Wanxin also engaged in many entrepreneurial activities and all ended in failure.
80s, the procurement store run by Tang Wanxin and his brother earned more than 600,000 yuan, and he began to try more new industries. The first thing that attracted his attention was the bicycle , which had an important position at that time.
Every bicycle was a very precious property for those who owned bicycles at home at that time. If there were anyfts and losses, the family would have a headache.
He felt that the prospect of the car lock was good, so he thought about making a new car lock himself. How to ensure the safety of the bicycle has become a problem that must be solved.
Tang Wanxin, who is confident in invention, invests funds in the research and development of stable, reliable and practical car locks.
but ended with the car lock being found for safety hazards and the company paying funds.
This did not dispel his enthusiasm. Soon after, he began to enter the research and development and sales of satellite receiver items needed for cable TV.
, optimistic about this business opportunity, directly took over a technology development department, and continuously flowed in to support the introduction of patented technologies.
, but unexpectedly, the final result was to lose both the wife and the soldiers. R&D personnel left him with all the results .
All of this failures were just the beginning. Since then, he has been exposed to nearly 10 entrepreneurship in different industries, including hotel management and artificial wool management, but the results are not satisfactory each time.
Every time of starting a business seems to start from scratch, which means the loss of the huge capital bank. 's attempts not only exhausted all his property, but even made his deposits triple negative value .
The old employee who followed him to work at that time, the investors should trust him and regret it at this time. Tang Wanxin in front of him seemed unable to repay the high debt.
The shareholders were also a little unsure about him, but the bare legs were not afraid of wearing shoes. Obviously, they could not help Tang Wanxinhe now. All they could do was wait.
But the dead tree is real in spring, as if you will get a steady stream of good luck after using it. Tang Wanxin is back with his own confidence.
The crazy activities in the stock market made him look like a real gold miner. In his eyes, he was just a number, and he no longer had to worry about the funds for starting a business.
Not long after, the Delong company he led once again successfully started its business in physical form, with his industries in every region from Xinjiang to Urumqi to Beijing.
The personal savings of old employees who followed him to start a business also soared, and their wealth accumulation speed was astonishing.
The storm is endless
At this time, in the eyes of many people, he is a veritable figure. Looking back on his entrepreneurial path, people can't help but be amazed at the speed, accuracy and ruthlessness of operating color expansion machine .
Even if there was no color expansion machine at that time, the original funds spent on increasing the storefront were all from the deposit paid by employees, which did not hinder the popularity of this photo color expansion store.
What I didn’t expect was that this store, which really started from scratch, would rely on the process of running between Guangzhou and Urumqi to rinse photos, and finally get the cost of purchasing a second-hand color expansion machine, becoming a real color expansion store.
. Not long after, this store used this operation method, quickly occupied the market proportion, covering 80% of the local color expansion demand . This is Tang Wanxin's first successful color expansion store. It is undeniable that he has wisdom beyond ordinary people.
In fact, Tang Wanxin's life is full of twists and turns. Tang Wanxin is the youngest child in the family. When he was young, he was cared for by his top four brothers and sisters. He is the most beloved child in the family.
His parents were also very outstanding. His father from Chongqing and his mother from Shaanxi had the opportunity to get to know each other because they chose to work in Xinjiang at the same time in 1950.
After marriage, the two were extremely loving and gave birth to four children one after another. 14 years later, they welcomed their fifth child and named him Tang Wanxin.
. Tang Wanxin, who grew up in such an environment, worked hard and talented in studying and had a very clear goal for his life development. He also knew how to be considerate of his parents and family. People around him praised him whenever they mentioned this child.
. He did not disappoint his parents' expectations. He was admitted to East China Petroleum College when he was underage, which is the future China Petroleum University.
Although this achievement has made people around him very envious and wished him a bright future, this is not what Tang Wanxin believes to be his goal.
He once had the ability to get into college, and after more than a year of studying in college, went out of campus again, repeated high school, and re-educated the school . This time his goal was to learn physics.
After the results came out this time, Tang’s father and mother were even more happy. It turned out that his grades could already allow him to study Fudan University .
He was also very happy that he was happy in this university he loved. Choosing a major he really wanted to study was worthy of this resuming.
However, such happiness is short-lived. Soon after, Because he was a college student who dropped out of school and repeated the exam, he could only continue to apply for the East China Petroleum Institute . The unexpected result of
is shocking. At the same time, due to the enrollment time issue, when he learned about this result, he could only go to Xinjiang Petroleum College through adjustment. The results of the two efforts were contrary to his academic intentions. He felt a little frustrated, and he also shifted his attention to some areas outside of his studies, such as participating in practical activities such as the management of the college farm.
However, two years later, he realized once again that he had a strong interest in physical inventions and other aspects, so at the age of 20, he chose to drop out of school again.
After he dropped out of school, he had more time to focus on the items he wanted to study. He curiously pondered the core of the refrigerator and tried to inject his interest in invention into the daily lives of surrounding residents.
Unconsciously, a year was about to pass, but his research did not get the desired results. In desperation, he had to turn his attention to other aspects, which led to his first successful career in the true sense.
Three brothers in the family saw their younger brother's desire to innovate and start a business, and they took out their savings and raised 400 yuan.
At the same time, they also believe in their younger brother's choices and gazes, and devote more time to their career of studying color photos expansion with their younger brother.
Not long after, Tang Wanxin invited several of his good classmates, and this career finally had the most basic employees.
A penny stumped heroes. The trouble that made them feel a headache during the entrepreneurial time was definitely because of money, and this did not stump the clever Tang Wanxin. The initial store management relied on the deposit.
Crazy absorption of capital
At that time, Tang Wanxin's future development path seemed clear, and he could stabilize in a down-to-earth business operation in a down-to-earth manner with his intelligence.
But later he chose to try to use the entire life path as the original capital and focus on capital operation.
may be the past experience of failure in industry, or perhaps the speed of money being made in industrial operations is not worth mentioning now. He shifted more attention to capital market . This feeling of mastering the flow of money in the capital market gave him extreme satisfaction .
He does not pay attention to daily dressing and does not like to show his wealth through appearance decoration. Many people only think that he is an ordinary person when they see him, and he rarely appears in public to promote it.
focuses all its attention on corporate assets, just like Russian nesting dolls. On the one hand, a bank has received a loan application from the company he holds.
On the other hand, investors also accidentally purchased the shares of his holding company, which also led to him having the basic source of funds to carry out the next holding , which was repeated, with a number of up to 200.
Not only that, in addition to related companies, there are also many financial institutions including trusts and insurance.
After that, he successively acquired three companies in Shenyang Alloy, Tunhe and Xiang Torch, becoming the main source of Delong's assets, and converged other total assets to exceed 120 billion yuan.
, which also aroused his fierce ambitions. He became more and more addicted to this, hoping to achieve the crazy growth of stock price .
is like a big tree with deep roots and lush leaves. It ignores the trimming of branches. It looks messy and it is difficult to penetrate the sunlight and can only maintain the decent surface.
Even though there are many industries involved and even the number of enterprises is still growing, there is quantity but no quality, and the assets have not shown positive growth, and it is even difficult to repay interest.
The stock market has changed rapidly, and the growth has decreased for only a moment. In order to maintain the stock price at a stable super height, Tang Wanxin began to integrate tens of thousands of accounts to manipulate transactions, forming the illusion of normal operation.
pay for the money in the left pocket and buy in the right pocket. This self-acting and directing transaction also caused many sequelae in this process.
When the building is about to collapse, no one can stop it. In 2004, the process of turning from entrepreneurship into a game finally came to an end.
There are real details about the operation of Denong Company's funds spread out quickly, and the assets involving 16 billion yuan suddenly dissipated like water vapor.
Until one day, the company found that funds could not fill the gap at all. Two years later, Tang Wanxin and the Delong Empire who belonged to were suspected of high debts and misappropriation of funds.
In addition, in order to solve the sequelae of false transactions, the fact that they chose to illegally absorb residents' deposits has also spread through the media.
Finally, the state took over Delong. With the support of the police, Tang Wanxin, who was wandering in Myanmar and the country, was arrested, and his 8-year prison term.
But no one expected that would have achieved profits from the prison clothing factory while serving his sentence. This clothing factory, which has lost money in recent years, has earned more than 2 million yuan this year. After serving 4 years in prison, he obtained the qualification of to be on medical parole for , but he finally came out and did not give up his ambition for operating capital.
He began to contact people he knew before and participated in some operations, so his qualification for medical parole was cancelled, and he returned to prison.
To this day, Tang Wanxin has completed 8 years of prison sentence. The Delong 100 billion yuan rule that he once built no longer exists. The employees who followed him to start a business and operate the company were still occasionally in the market, ups and downs.
In November 2022, because he could not pay back his debt, Tang Wanxin was offered a reward of 20 million yuan by the court, but he himself, who was in the center of the storm, disappeared without a trace.
The development of the industry is a long process, without fast money or huge profits, and a firm belief is required to promote the development of the company. Spending a lot of money and prudence often brings different endings in a single thought.
. We ordinary people must not borrow money to invest, and do not blindly believe in high leverage, because high profits also have high risks. Do not invest too much money before stable profits!
-end-
edit | Zhang Ah Zhang, Shushu
text | Xiong Changlin
