Yu Donglai is really a tough guy.
You don't know until you pry; once you do, you can only admire him. His attitude towards fame and fortune is simply a bit absurd—40 billion $BTC in assets, and he divides it just like that.
On March 8, Yu Donglai shocked the capital circle once again. But this time it was even tougher; it wasn't about distributing 40 billion to shareholders but directly to frontline employees. Over 8,000 frontline employees, averaging 200,000 each. To be honest, many executives might not end up with as much.
When this news came out, many people were stunned. After all, in many companies, profits are first thought of for shareholders, management, and incentive plans, and it is actually rare for frontline employees to get a significant share.
Yu Donglai often jokes about himself as a 'foolish good guy.' Because back in the day when the entire internet was promoting the 996 work schedule, even Lei Jun and Jack Ma were talking about how young people should work harder and put in more overtime; he was the only one going the opposite way.
He promotes a 7-hour work system, 40 days of annual leave, and clocking out on time. It sounds like 'laid-back management.' But precisely this kind of 'foolishness' has enabled the company to achieve 20 billion in revenue.
Many companies desperately squeeze their employees, constantly talking about wolf culture, struggle, and overtime culture, with management theories upon management theories, but the core logic ultimately boils down to one sentence: work more, share less. It seems very shrewd, but the vision is actually not that big.
Looking back at Yu Donglai, what he does is very simple—let employees live like people. As a result, the company keeps growing larger, and employees are more willing to work hard.
After thinking it over, you will find that the top-level shrewdness in the business world is often kindness. There are many truly smart people, but there are few who dare to play the 'fool' in the capital world, and those who dare to be a 'foolish good guy' like Yu Donglai are even rarer.
Someone evaluated it very accurately: Yu Donglai's 'foolishness' is actually top-tier business wisdom. 40 billion is divided just like that, with frontline employees averaging 200,000; a 7-hour work system plus 40 days of annual leave, treating employees as people, partners, and family.
For such a company to achieve 20 billion in revenue in a year is actually not surprising at all.
After all, this is what true common prosperity looks like. Many in the capital circle could really learn from this kind of kindness.
The question arises—do you like such a boss?
You don't know until you pry; once you do, you can only admire him. His attitude towards fame and fortune is simply a bit absurd—40 billion $BTC in assets, and he divides it just like that.
On March 8, Yu Donglai shocked the capital circle once again. But this time it was even tougher; it wasn't about distributing 40 billion to shareholders but directly to frontline employees. Over 8,000 frontline employees, averaging 200,000 each. To be honest, many executives might not end up with as much.
When this news came out, many people were stunned. After all, in many companies, profits are first thought of for shareholders, management, and incentive plans, and it is actually rare for frontline employees to get a significant share.
Yu Donglai often jokes about himself as a 'foolish good guy.' Because back in the day when the entire internet was promoting the 996 work schedule, even Lei Jun and Jack Ma were talking about how young people should work harder and put in more overtime; he was the only one going the opposite way.
He promotes a 7-hour work system, 40 days of annual leave, and clocking out on time. It sounds like 'laid-back management.' But precisely this kind of 'foolishness' has enabled the company to achieve 20 billion in revenue.
Many companies desperately squeeze their employees, constantly talking about wolf culture, struggle, and overtime culture, with management theories upon management theories, but the core logic ultimately boils down to one sentence: work more, share less. It seems very shrewd, but the vision is actually not that big.
Looking back at Yu Donglai, what he does is very simple—let employees live like people. As a result, the company keeps growing larger, and employees are more willing to work hard.
After thinking it over, you will find that the top-level shrewdness in the business world is often kindness. There are many truly smart people, but there are few who dare to play the 'fool' in the capital world, and those who dare to be a 'foolish good guy' like Yu Donglai are even rarer.
Someone evaluated it very accurately: Yu Donglai's 'foolishness' is actually top-tier business wisdom. 40 billion is divided just like that, with frontline employees averaging 200,000; a 7-hour work system plus 40 days of annual leave, treating employees as people, partners, and family.
For such a company to achieve 20 billion in revenue in a year is actually not surprising at all.
After all, this is what true common prosperity looks like. Many in the capital circle could really learn from this kind of kindness.
The question arises—do you like such a boss?
