The poor are poor, the rich are rich

Chapter 137 7 Zheng Yutong: It's not the survival of the fittest, but the survival of the strong

Chapter 277 Zheng Yutong: It is not the survival of the fittest, but the survival of the strong

Regal Profile:

Name: Zheng Yutong
Birthplace: Shunde, Guangdong

Born in Shunde, Guangdong in 1925.

In 1940, he went to Chow Tai Fook Gold Shop as an apprentice.

In 1946, he opened a branch in Hong Kong and established Chow Tai Fook Gold Bank.

In 1956, he began to take sole control of Chow Tai Fook Gold Shop and develop jewelry and diamond business.

In 1960, the gold shop was renamed Chow Tai Fook Jewelery Co., Ltd.

In 1970, New World Development Co., Ltd. was founded.

In 1984, Zheng Yutong reached an agreement with the Hong Kong Trade Development Council to invest [-] billion Hong Kong dollars to build the "Hong Kong International Convention and Exhibition Center" in Wan Chai, Hong Kong Island.

In 1989, Zheng Yutong and Lin Baixin cooperated to purchase most of the shares of ATV, making New World Group one of the two shareholders of ATV
Perhaps someone has heard of such a rich man: despite his great wealth, he is neither luxurious nor boastful.When Hong Kong people, including the media, were arguing about his exact position on the Hong Kong rich list, he himself did not take it seriously—he is—Cheng Yu-tung.

As we all know, New World Development Co., Ltd. is one of the top ten consortiums and four major real estate developers in Hong Kong. At present, the total assets of the group are about 1111 billion Hong Kong dollars. There are 60000 employees in China and Hong Kong. It has 4 core businesses-property, infrastructure, services and telecommunications , each of which plays an important role in its respective industry and has a pivotal international status. It is one of the largest Hong Kong-funded investors with an international perspective in China.Chow Tai Fook Jewelery & Gold Co., Ltd. ranks first in the jewelery industry in Hong Kong and China in terms of annual sales; Zheng Yutong is the chairman of Hong Kong New World Development Co., Ltd. and the chairman of Hong Kong Chow Tai Fook Jewelery & Gold Co., Ltd.The brilliance of New World Development Co., Ltd. confirms Zheng Yutong's road to becoming rich.

From working as an apprentice in Chow Tai Fook Gold Shop in 1940 to the current chairman of Hong Kong New World Development Co., Ltd. and Hong Kong Chow Tai Fook Jewelery & Gold Co., Ltd.; from a jeweler to a real estate tycoon; , is the success history of Zheng Yutong, a generation of business talents.

When we deeply analyze Zheng Yutong's wealth story, we will find that although the roads to success are different, Zheng Yutong used his experience to illustrate the wealth concept of "survival of the strong"-success is actually as simple as that.

Although Zheng Yutong has the brilliance of today, he also suffered from poverty in his childhood.When Zheng Yutong was young, his family barely made ends meet with his father running a small shop.Due to his poor family, he was forced to drop out of junior high school.When he was a teenager, due to the invasion of Guangzhou and Hong Kong by Japanese invaders, millions of citizens were harassed by the raging flames of war. Their food and clothing were unstable, and their lives were in danger. He was sent to Macau to work as a clerk at the Chow Tai Fook Gold Shop opened by his close friend Zhou Zhiyuan.Perhaps it is "people who are poor and aspiring to be poor", Zheng Yutong exchanged his intelligence and diligence for today's brilliance and success.

Although he has no academic qualifications, Zheng Yutong is smart, hardworking, and honest. In this respect, he can be called "survival of the strong".Not long after, Zhou Zhiyuan asked him to learn how to do business.In business, he loves to use his brain very much. He often goes out to observe how other jewelry shops do business, learn from others' strengths, and improve his own weaknesses. Three years later, he was promoted to supervisor. In 3, he opened a branch in Hong Kong and established Chow Tai Fook Gold Bank.At that time in Hong Kong, gold shops abounded and the competition was fierce.At that time, the fineness and color of gold were all ninety-nine gold, but Zheng Yutong boldly invested in the creation of ninety-nine ninety-nine gold, the first to create a new technology for gold jewelry manufacturing, and also led the new trend in the consumer field. The future development of "Zhou Tai Fook" has laid a solid economic foundation.

By the mid-50s, Zheng Yutong was in charge of all the accounts of Chow Tai Fook Gold Shop and was independently responsible for gold transactions. In 1956, Zheng Yutong fully managed the Chow Tai Fook Gold Store and became the master of the Chow Tai Fook Gold Store Kingdom.

Business is booming and money is coming in.However, while making profits, Zheng Yutong did not forget the company's employees.In order to enhance the sense of belonging of the employees, he changed the jewelry store to "Chow Tai Fook Co., Ltd." in 1960, and allocated a part of the shares to those old employees who have made great contributions to the company over the years, so that the company's benefits and the interests of the employees are directly linked. He took the bait and truly worked together with his employees.

Following his success in gold jewellery, Zheng Yutong made persistent efforts and focused on the diamond kingdom, which earned him the title of "Jewelry King".

The success of gold jewelry and jewelry has made Zheng Yutong, who was originally unknown, a well-known figure in Hong Kong's industrial circle.However, when people still regarded him as a jeweler, Zheng Yutong had already entered the real estate industry quietly... Then, the magnificent buildings of "City Within a City" sprung up like mushrooms, New World Hotel and Regent Hotel, "Baguio Bay" high-end residential area, beautiful European-style buildings, Hong Kong Convention and Exhibition Center...

Zheng Yutong has reached the pinnacle of his life and has become a rich man who everyone in Hong Kong Island knows and knows.

Over the years, Zheng Yutong's achievements have been well-known, but looking at Zheng Yutong's wealth path, there is no period and no business that is not developed by "diligence" and "sincerity".He summed up his "23-character mantra" in business and life as follows: keep promises, keep promises, work diligently, be cautious in life, drink water for the source, and forget righteousness when you don't see profit. "Diligence" is the core.Throughout his life, he worked almost 12 hours a day. "Keeping promises, honoring promises", "being prudent in life, thinking about the source of drinking water, and forgetting righteousness without seeing benefits" are all about the word "sincerity".

This is Zheng Yutong, who has performed the wealth life of "not the survival of the fittest, but the survival of the strong" in him.

Yes, the powerful are the rulers of this world.In the business world, if you want to make a lot of money, you must not only arm yourself with the theory of the strong, but also put in the actions of the strong every day.The new generation of rich people we know are all "combatants". The so-called "combatants" are those who fight hard in the business world.Fighting is human nature. In the business world, only by fighting hard can we be invincible.The core element of development is competition.While most people know that great wealth and status can be gained through competition, they often forego it due to fear of injury and fear of danger.Of course, struggle is bound to be accompanied by various dangers such as injury, and at this time you have to regard the injury as a kind of "gain".Therefore, we have to fight while enduring pain. Only in this way can we obtain greater benefits.The reason why the rich become rich is that "survival of the strong" is an absolute principle.

(End of this chapter)