June 1 is an interesting day, with some celebrating Children's Day and some celebrating the wedding of the century.
That night, Ding Jiamin, the "little princess" of Xtep Group, posted a video on the Xiaohongshu platform: she was standing on the wedding platform wearing a wedding dress and a crown, and the groom on the side was Zhou Liyuan, the second son of seven wolves. The video has attracted widespread attention and heated discussions among netizens, in addition to the two "talented women", but also because this is a typical "wealthy marriage".
Childhood sweetheart novels come to life
From school uniforms to wedding dresses, the two "second generations" of Fujian Jinjiang enterprises staged a Jinjiang novel plot of a wealthy childhood sweetheart.
Under the video posted by Ding Jiamin, netizens commented on "Happy newlyweds, a hundred years of good together" and "love novels have come to life"; There are also attentive netizens who noticed that the wedding of the two was held in the Xiamen International Conference Center Hotel "Xiamen Hall", this venue can accommodate 135 tables of banquets, the lowest price per table is 5999 yuan, and the highest price is 9999 yuan, which can be said to be in line with the style of the "wealthy family".
According to public information, Ding Jiamin was born in 1997 and is the second daughter of Xtep founder Ding Shuibo, and is currently the manager of Xtep's new women's category "Half Sugar Series" in 2021. Zhou Liyuan was born in 1996, the second son of Zhou Shaoxiong, the founder of Seven Wolves, and is now the assistant general manager of Fujian Seven Wolves Industrial Co., Ltd., mainly responsible for the operation and management of Karl Lagerfeld, a French luxury brand invested by Seven Wolves, as well as the formulation and implementation of the overall brand strategy.
Both are listed companies. In 2023, Seven Wolves will achieve operating income of 3.45 billion yuan, a year-on-year increase of 6.7%; The net profit attributable to the parent company was 270 million yuan, a year-on-year increase of 79.3%. In contrast, Xtep has a larger territory, achieving a total operating income of 14.35 billion yuan last year, a year-on-year increase of 10.9%; The net profit attributable to the parent company was 1.03 billion yuan, a year-on-year increase of 11.8%.
It is worth noting that in 2021, Xtep formulated the "Fifth Five-Year Plan" strategic plan, with a revenue target of 24 billion yuan - that is, the revenue target of Xtep's main brand in 2025 will reach 20 billion yuan; The new brand aims to achieve a total revenue of $4 billion in 2025.
According to media reports, at this year's results conference, Xtep announced that it would shelve the "five-year plan" and expected sales to increase by at least 10% this year, and profit growth is expected to exceed sales growth. Xtep also said that the company's top priority is to maintain stable cash flow. At the same time, the reporter noticed that on the latest release of the "Hurun Report", Ding Shuibo's net worth also shrank from 9.5 billion yuan to 7.3 billion yuan, ranking down 198 places.
Fujian wealthy families are keen on strong marriages
In addition to the marriage, the two companies have long been related in terms of investment.
The reporter found that in 2015, Cross-Strait Youth (Xiamen) Equity Investment Fund Management Co., Ltd. was established, and its shareholders include Fujian Seven Wolves Industrial Co., Ltd. and Jinjiang Wanfeng Investment Co., Ltd., holding 33.3% of the shares, and the executive director and legal representative of the latter company is Ding Mingzhong, vice president of Xtep.
It is understood that the family operation of Fujian merchants is relatively common, with blood as the core and family as the cohesion. Especially in the commercially developed Jinjiang area, family business is particularly common, and marriage is their "regular operation".
Ding Shizhong, the "head" of Anta, has repeatedly publicly expressed that "Jinjiang businessmen are like a family", which is not just a sentimental local identity - various brands will jointly purchase from each other, which can have stronger bargaining power and reduce costs. In addition, the partnership between Fujian businessmen and the borrowing of funds are very frequent and active.
Previously, the prospectus of the Eight Horse Tea Industry also involved the marriage circle of wealthy families in Fujian.
After combing, it can be seen that Eight Horse Tea Industry and Anta, Seven Wolves, and Colliers Holdings are all in-laws: Ding Siqing, the daughter of Ding Shizhong, the founder of Anta, married Wang Kunheng, the son of Eight Horse Tea Industry; The husband of Wang Jialin, the eldest princess of the Eight Horse Tea Industry, is Zhou Shiyuan (Zhou Liyuan's cousin), the son of Zhou Yongwei, chairman of the board of directors of Seven Wolves; The little princess Wang Jiajia married Gao Li, the director of Colliers Holdings. In addition, Ding Shui's daughter Ding Lizhi (Ding Jiamin's sister) is also a family marriage and married Lin Xiaowei, the son of Lin Xiaofa, the founder of Jiumu Group.
Moderator | Huang Yinglin source | Yangcheng Evening News, Yangcheng Pai Comprehensive Jimu News, Shenzhen Business Daily, etc