Evergrande Group, as a leading enterprise in China's real estate industry, is currently facing unprecedented difficulties. Its up to 24 trillion yuan in debt, and more than 1.6 million unfinished real estate units, put Evergrande Group on the verge of bankruptcy. However, Evergrande's crisis is not without a trace, and its internal extravagant life and management problems are important reasons for the crisis.
Xu Jiayin, the founder of Evergrande Group, is known for his pursuit of the ultimate quality of life. From expensive fruits to special mineral water to Moutai, his daily life is full of luxury. His personal secretary even picks the freshest seafood for him every day, and he dresses only with expensive brands.
Xu Jiayin's son, Xu Tenghe, inherited his father's luxurious lifestyle. He not only has extremely high requirements for mineral water and Moutai, but also often goes to high-end places and has a very high consumption level. Mr. Xu's lifestyle has attracted widespread public attention, especially after the detention of his father, Xu Jiayin, and questions have begun to question whether his lifestyle is related to the crisis at Evergrande.
Evergrande Group's internal document "Evergrande Group Leaders at All Levels of Customer History Record Summary" has been widely circulated on the Internet, revealing the reception standards of Evergrande's internal executives. The documents detail the executives' accommodation requirements, whether they need a spa, the type of fruit they prefer, and even the choice of snacks. This extreme pursuit of detail is reminiscent of the feudal feudal officials.
Xia Haijun, the former president of Evergrande Group, purchased luxury villas in Hainan with a total value of more than 200 million yuan, once again demonstrating the wealth and luxury of Evergrande's top management. These actions not only reflect the extravagance within the Evergrande Group, but also expose the corruption of the management.
The crisis of Evergrande Group is not only the result of changes in the market environment, but also the embodiment of poor internal management. The excessive extravagance and corruption of Evergrande's executives have undoubtedly exacerbated the company's financial difficulties. This reminds us that sound business operation and responsible management are the key to avoiding decline.
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