
At the beginning of this year, China’s richest man, Zhong Suisui, was deeply embroiled in a negative public opinion vortex. He once cried on his friends’ circle, claiming that his 95 year old mother learned that he had been subjected to online bullying and died after many days of depression. The company’s stock price also plummeted, and his position as China’s richest man was replaced by Huang Zheng from Pinduoduo.
On the 29th of last month, Zhong Suisui finally made a comeback and returned to the position of “China’s richest person” on the real-time rich lists of Forbes and Bloomberg, ranking 24th on the global rich list and with a net worth of $50 billion.
I don’t know if it’s related to regaining his position, but recently this wealthy man has been holding on to something and firing at Huang Zheng and Zhang Yiming, who are closely following him.
On November 19, Zhong Zong denounced Huang Zheng’s Pinduoduo at an exchange meeting. “The Internet platform has lowered the price system, especially the Pinduoduo price system, which is a great harm to Chinese brands and Chinese industry.”.
On November 20, Zhong Yiming shouted Zhang Yiming to reporters with the help of the media in an activity, suggesting that the attack on his public opinion at the beginning of the year had been fueled by bytes, “Mr. Zhang Yiming, you are the actual controller of today’s headlines and Tiktokā¦ I respectfully ask today’s headlines and Tiktok to immediately delete their slanderous remarks and pictures against me, stop infringing on a Chinese citizen, stop! Stop”.
Many friends are asking me today what Zhong Suisui wants to do.
In this regard, the Political Affairs Office believes that every major change in productivity is accompanied by a significant adjustment in production relations, and conflicts between the new and old richest people who rely on different production relations have become irreconcilable.
I still remember the last round of the richest man’s confrontation, which was the era of entrepreneurship and innovation that began in 2014, represented by Wang Jianlin and Jia Yueting, Battle against Zhejiang represented by Jack Ma.
The ultimate result was that the online business of Jack Ma and his Zhejiang allies replaced Wang Jianlin’s offline business, and Jack Ma’s Alibaba Ecological Zoo replaced Jia Yueting’s six major ecosystems.
This round of mutual confrontation among the richest people marks the acceleration era that will begin in 2024. Zhong Sui, who fired the cannon, is representing the old Zhejiang, fighting against the Fujian capital represented by Zhang Yiming and the new Yangtze River Delta represented by Huang Zheng.
What Zhong Sui has been saying these past few days is the innermost thoughts of many of his fellow villagers in Zhejiang. It seems that the political affairs department has no other motives, only top-level entrepreneurs who have sensed the impending crisis through their keen sense of smell.
Behind it is the current ecological environment of these Zhejiang villagers, which is not much different from the Jia Wang and others they defeated back then.
How many traditional industries were eliminated and reshaped by Zhejiang entrepreneurs in the past, and now they are also being reshaped by new business models. The content that Zhong Sui has been blasting about new era entrepreneurs these days is also what many private entrepreneurs said to Zhejiang enterprises ten years ago.
The ‘revolutionaries’ who once represented innovation have now become targets of subversion and transformation.
Beauty has always been like a famous general since ancient times, and no one is allowed to see white hair on earth. This is the commercial ecology of China. With the changes in the superstructure, there will always be new enterprises emerging and replacing the old.
Just like Wang Jianlin, who was once full of glory but was surrounded by public opinion ten years ago, and Zhong Suisui, who is now deeply mired in a negative vortex, his richest man will be handed over in a few years.
These entrepreneurs represented by Zhong Sui are either like Dong Mingzhu, who made a bet with Lei Jun back then, adapting and embracing the new model honestly regardless of their words, or they can only accept being gradually abandoned and replaced by the new era.