In 1994, Cao Dewang faced a sudden lawsuit. The judge did not give him a full opportunity to explain during the trial and ruled against him. Cao Dewang, a man of tenacity who firmly believed that he was not at fault, did not hesitate to appeal after losing the case for the first time.However, what he didn't expect was that the judge still ruled that he was at fault, and Cao Dewang was extremely angry after losing the case twice in a row. In court, he emotionally accused the judge of **2 million. So, is it true that Cao Dewang accused the judge ** in court? Why did he get involved in this economic dispute?
He was born in 1946 into a wealthy family in Shanghai, where his father owned a small business. However, due to the war at that time, for the safety of his family, his father decided to return to his hometown in Fujian with all his belongings. Unfortunately, on the ship home, they suffered an accident and although they survived, the boat full of family possessions sank. As a result, the Cao family became impoverished overnight.
Despite this, Cao's father was not discouraged. He had started from scratch in Shanghai, so he was confident of starting afresh in Fujian. Although the Cao family did not regain their former wealth, his parents' small business was enough to support the family and allowed him to enroll in school.
Cao Dewang started school at the age of nine, but he was not a conformist child. He is mischievous at school and often imitates the teacher's movements to amuse his classmates, which naturally does not please the teacher. The teacher took the opportunity of the home visit to tell his parents about his behavior at school, and in those days, such children were usually taught a lesson by their parents, and Cao Dewang was no exception.
As a result, he developed a grudge against his teacher and often played pranks to get revenge on him. The school teachers were overwhelmed, and after many ineffective educations, Cao Dewang's behavior intensified. Eventually, 14-year-old Cao Dewang decided to drop out of school and go home to farm.
Cao Dewang, who dropped out of school and stayed at home, had nothing to do, so his father took him with him and let him learn to do business. Cao Dewang is very interested in doing business, perhaps due to the influence of his family, and he has been exposed to business since he was a child.
In the '60s, speculation was seen as immoral, but Cao saw a business opportunity. He and his father ventured to resell tobacco, but father and son acted cautiously and went undetected at the time. A few years later, the tobacco market was sluggish, and Cao Dewang decided to switch to the fruit business.
Cao Dewang recalls that it was very hard to run a fruit business. As a teenager, he would push a trolley to the county seat of Fuqing in the early hours of the morning to buy a large amount of fruit before returning. Carrying dozens of pounds of fruit every day makes him tired, and his mother is distressed to see his increasingly haggard face, but Cao Dewang knows the hardships of life.
In order to earn a living, he tried a variety of jobs, including working as a cook in a reservoir and growing fungus. These experiences have constantly honed Cao Dewang's will and accumulated valuable experience for him.
Around the age of 30, Cao Dewang entered the glass factory in Gaoshan Town, Fuqing County by chance and worked as a buyer. His excellent social skills have allowed him to build a wide network in the industry. Since opening, Cao Dewang has been looking for suitable business opportunities.
In 1983, Gaoshan Glass Factory lost money year after year and intended to contract out its production. Cao Dewang saw an opportunity and decided to contract the factory. His decision baffled many, as the factory had been losing money for years and seemed to have no future. However, Cao Dewang conducted a detailed inspection of the factory and found that the problems in the factory were mainly in sales and order management, which is what he is good at.
Cao Dewang looked around for business opportunities, and the next year he found a new way out for the glass factory to produce automotive glass. At that time, China's automotive glass was almost entirely dependent on imports, which was expensive. Cao Dewang thinks that since it is glass, why can't China produce it?
He decided to produce domestic automotive glass at a lower cost. Under the guidance of experts, after eight months of hard work, the first domestic automotive glass was born. Cao Dewang decided to adopt a strategy of small profits and quick turnover, and priced his glass much lower than that of Japanese glass. Although initially under suspicion.
But consumers soon discovered that Cao Dewang's glass was comparable in quality to Japanese glass, but it was more than half cheaper. As a result, his glass quickly became popular with consumers. In the first year of launching automotive glass, Cao Dewang made a profit of 700,000 yuan.
The expansion of the factory required the recruitment of more workers, which should have been supported by the best. However, Cao Dewang was sitting on a million-dollar fortune when he was young, which attracted the attention of some people. They used this to challenge Cao Dewang, accusing him of not meeting local requirements.
Cao Dewang had to go around to get through relationships and fight for opportunities for himself. In 1987, he established the Fuyao Glass Factory in the local area. With Cao Dewang building a larger factory, Fuyao Glass Factory directly beat the domestic Japanese glass in a few years and became the first choice for automotive glass in China.
But Cao's goals are not limited to the Chinese market, he also plans to enter the North American market. Fuyao Glass is also widely praised abroad because of its high quality and low price. In the early 90s, Fuyao Glass was successfully listed and became the largest glass manufacturer in China, ranking second in the world, which is a major achievement of the Chinese on the world stage.
With the growth of the enterprise, the factory building of Fuyao Glass Factory needs to be expanded again. Cao Dewang plans to directly build a Fuyao Village in one step. In order to ensure the quality of the construction, he asked his assistant to carefully select the construction company, and finally the project was handed over to Fujian No. 1 Construction Company.
When Cao Dewang went to inspect the project, he found that there were serious quality problems with the project, including roof leakage and basement water seepage. Cao Dewang asked to be reworked, but the construction team not only refused, but also took him to court.
Cao Dewang was convinced that there was a problem with the quality of the project and did not meet the requirements stipulated in the contract, so he refused to pay the final payment. He also brought in a professional to evaluate and found that it would take a lot of money to fix the problems. Seeing that Cao Dewang had not paid the final payment, the construction team took him to court.
Cao Dewang was confident of winning the lawsuit, arguing that the other party had breached the contract, and that it was Fujian No. 1 Construction Company that had signed the contract with him, and that they had no right to subcontract the project without permission. However, the outcome of the lawsuit was unexpected, and the judge ruled against him twice in a row.
In the courtroom, Cao Dewang was emotional and accused the judge of **2 million. His accusation shocked the audience, and the judge adjourned the trial. Although Cao Dewang refused to accept the verdict and decided to continue appealing, the accountant at the factory advised him not to insist on going his own way, because continuing to fight the case would be a waste of time and money.
This is not the first time that Cao Dewang has been obsessed. With its advantages of high quality and low price, the glass of Fuyao Glass Factory quickly occupied the North American market. The U.S. Department of Commerce was unhappy about this, accused Cao Dewang of dumping goods, and took him to court.
Cao Dewang did not hesitate to fight, the lawsuit lasted for three years, and he invested nearly 100 million yuan, and finally won the lawsuit. Many believe that he should compromise and avoid a head-on confrontation with American companies, but Cao Dewang is determined to fight this lawsuit and win, and he wants to show Americans that Chinese companies are not easy to bully.
There is still a lot of controversy about Cao Dewang's story. But it is undeniable that he succeeded in bringing glory to Chinese brands in that era and opened the way for Chinese manufacturers to the United States, which was enough to make him a model for Chinese entrepreneurs. February** Dynamic Incentive Program