Editor in charge: Shaoyun Liu, full-time lawyer of M&A Center of Investment Bank of Beijing Shi Jing Law Firm.
Responsibility audit: Rao Guo Rong, founding partner of Beijing Shi Jing (Wuhan) Law Firm and director of M&A Center of investment bank.
Street stall economy is a hot topic now, but most people just regard street stall as a means to subsidize their families or as a pastime after dinner. However, in real life, there are actually many entrepreneurs who set up their own business empire step by step from setting up stalls. As the richest woman in Zhejiang, Zhou Xiaoguang also had entrepreneurial experience as a street vendor.
Entrepreneurship is a hot word in recent years. It seems that the whole society is encouraging young people to start businesses. But starting a business is not a simple matter. Whether I have the talent to start a business, I personally think that setting up a stall can be an attempt. Try water first when you set up a stall in your spare time. After all, setting up a stall is the most basic kind of entrepreneurship.
Zhou Xiaoguang was born in 1962 and started his business at the age of 16. Zhou Xiaoguang, a bold artist, has set up stalls all over the country to do small business, and his footprints are almost all over China. After experiencing the ups and downs of life, she finally settled in Yiwu, established her own company with her own efforts and developed rapidly, and soon became a leading enterprise in the industry.
Because the development of our company has been very smooth. Zhou Xiaoguang began to seek a bigger market-real estate. At that time, it was catching up with the soaring housing prices, and doing real estate was the easiest industry to make money. She followed the trend of the times and went public in the golden age of rapid development of real estate. It can be said that Zhou Xiaoguang made a lot of money by investing in real estate. This money also made her the richest woman in Zhejiang on 20 18. At its peak, she owned a listed company, 100 wholly-owned subsidiaries and holding companies, with total assets exceeding 80 billion.
The legend will soon be over. Shortly after Zhou Xiaoguang reached the peak of her life, her company was in debt crisis. Although there are tens of billions of assets in hand, they are unable to repay their debts. The disadvantages of the company's rapid development began to appear, and it was fatal. The company's debt keeps rising, finally reaching an astonishing figure of 46.9 billion. At this point, Zhou Xiaoguang can only admit the facts and apply to the court for bankruptcy and reorganization.
Judging from the current situation, Zhou Xiaoguang's situation is not optimistic, and there are still a series of problems waiting for her to deal with. All the time and energy spent on starting a business seems to disappear at once, but bankruptcy does not mean death. Under the protection of bankruptcy law and personal bankruptcy system, as the original stall queen, and with the resources accumulated by decades of hard work in business, Zhou Xiaoguang still has the hope of coming back to life, and starting a second business is also a choice in life.