In 2011, Zhong Xinjia, a leading figure in China's battery industry, donated $70 million to U.S. universities and refused to donate to domestic universities. Although some people accused him, he publicly said: "What does the poverty of the Chinese have to do with me?"”
However, after he returned to the country, he faced a debt of up to 200 million and declared bankruptcy, and the once brilliant battery king also fell.
Zhong Xinjia was born in a medical family and has a solid family background. From an early age, his parents decided that he would pursue a career in medicine, and in order to protect him, they sent him to a top high school and continued to send him to medical school after high school.
Zhong Xinjia excelled during her time in medical school and was awarded several scholarships. After graduating, he successfully got a job as a doctor at a major hospital in his hometown.
He was initially passionate about working in the hospital and devoted himself to his work with passion every day. However, it wasn't long before he got bored with the repetitive work and the pay was not high.
Faced with piles of medical records and endless patients, Zhong Xinjia gradually lost interest in the profession of doctor every day, and found that what he really loved was to research new things and solve the shortcomings of existing technology.
In 1985, Zhong Xinjia resolutely decided to quit her job in the hospital and embarked on a new entrepreneurial road. He went to Zhanjiang to look for a job in a small battery factory and started his first job unrelated to his profession.
Zhong Xinjia didn't know anything about the battery industry at first, and she couldn't even distinguish the positive and negative electrodes of the battery. However, he did not lose heart, but worked hard in his spare time to learn about batteries, read books, and ask teachers for advice.
In this small factory, Zhong Xinjia discovered many problems with large lead-acid batteries, such as bulkness, battery fluid leakage, and short battery life.
He began to wonder if he could improve his existing batteries to make them safer and lighter. Gradually, Zhong Xinjia developed a strong research interest in batteries.
Zhong often stays in the factory after work to conduct various experiments, and sometimes he works for more than 40 hours until the problem is solved.
Two months of unremitting efforts have not been in vain, Zhong Xinjia has successfully developed a maintenance-free lead-acid battery using new materials, which effectively solves a variety of defects in traditional batteries.
This invention fills the technical gap in China, so the company gives it high praise and awards a generous bonus.
After gaining her first fortune, Zhong Xinjia decided to set up her own business with great ambitions. In 1985, he and two friends co-invested in the establishment of the country's first videotape manufacturing factory.
In the first year, the company accumulated a large amount of assets due to the low cost of producing pirated videotapes and the large increase in sales, and Zhong Xinjia also became rich all of a sudden.
However, his good fortune did not last long, and he was quickly arrested on suspicion of car smuggling and eventually sent to prison.
He always believed that he had not committed a crime, and at the same time, in prison, Zhong Xinjia did not fall into depression, but maintained an optimistic and positive attitude.
In the prison library, he continued to further his knowledge of batteries, and published a number of high-level battery professional articles**.
These ** confirm his outstanding achievements in the field of batteries, which will provide important help in his future sentence reduction.
In 1987, Zhong Xinjia was released early and received 70,000 yuan in compensation from the state, which finally cleared the suspicion of his unjust case.
In 1995, after being released from prison, Zhong Xinjia decided to rejoin the battery industry, and persevered in battery research during the difficult entrepreneurial process, and finally succeeded in realizing his company dream.
In order to quickly occupy the market, Zhong Xinjia worked 16 hours a day, and actively recruited outstanding talents in colleges and universities across the country to form an efficient technical team.
With the cooperation of the team, the company has successfully developed a number of new batteries with independent intellectual property rights, filling the domestic technology gap. With the changes of the times, Zhong Xinjia has become a leader in the industry, with a personal wealth of more than 10 billion, and is known as "the first person in the battery industry".
In 2003, the company completed the shareholding system reform and was listed on the Shenzhen SME Board. Under the leadership of Zhong Xinjia, the company expanded rapidly and successfully opened up the national market, becoming a leading enterprise in the industry in just a few years.
By 2011, Zhong Xinjia has become a recognized "battery king" in the industry, and the company he leads has occupied one-third of the domestic market share.
However, in this year, Zhong Xinjia suddenly announced an individual donation of $70 million to the University of California to support the university's battery technology research.
This unexpected act immediately caused a stir in the country. Many experts and scholars have questioned why he did not donate to domestic universities. In the face of these doubts, Zhong Xinjia appeared arrogant in an interview, saying: "China's poverty has nothing to do with me. ”
The public was outraged by the unseen remarks.
At the same time, it was disclosed that this amount was the company's research funding, which also means that Zhong Xinjia used ** for private purposes and used the company's funds to carry out charitable activities, aiming to establish his image as a philanthropist.
He responded: "All the company is mine!".It's my money, I can spend it however I want!”
On the Internet, people have criticized Zhong Xinjia for being "ungrateful", "lustful for profit", and "no one in sight", and with the rise of nationalist sentiment, the call for boycotting Zhong Xinjia's company's products is getting louder and louder.
In just one month, Zhong Xinjia's channel providers have interrupted cooperation, and many of its best-selling products have suffered serious return problems.
In addition, Zhong Xinjia has been involved in a series of legal proceedings because of the previous misappropriation of shareholders' funds, with shareholders accusing him of misusing the company's assets, Hong Kong regulators accusing him of misrepresenting financial data, and US companies accusing him of intellectual property infringement, forming a series of "betrayal" allegations.
Zhong Xinjia's social image fell to the bottom in an instant because of these negative news, and at the same time, the court ruled that he needed to pay 200 million yuan.
He himself has also changed from the darling of the battery industry to the object of public criticism.
Zhong Xinjia's ending is embarrassing, he is a typical entrepreneur who becomes arrogant and presumptuous after gaining strength, and does his own thing.
If he can be as down-to-earth and hard-working as the glass king Cao Dewang, as the former Chinese battery king, I believe he will not encounter such an ending as he is now.