Xinfei Electronic Technology Co., Ltd. was listed on the third section of the Tokyo Stock Exchange, and the IPO market value was $12.5 billion, and the market value stabilized at more than $15 billion within a few days of listing.

With the successful spin-off and listing of the largest subsidiary of the New Venture Department, the world also has a high view of the strength of the New Venture Electronics Group and the wealth level of Lin Qi.

Reports from various media outlets have once again begun to fill the news pages.

Japan's "Sankei Shimbun" reported: "With the listing of new non-electronic technology companies in Japan, the young Chinese Lin Qi, with the listing of its subsidiaries, has become the richest man in Asia without suspense." Compared with some wealthy families in Asia, the whole family holds huge wealth, and the young and unmarried richest man Lin Qi has a market value of more than $6 billion with only 50 million shares of Xinfei Electronic Technology Company. Although he holds it indirectly through the new venture electronic technology company, however, according to public information, Lin Qi holds most of the equity of the new venture electronic technology company, although limited to the company's internal confidentiality regulations, outsiders cannot know the details, but there is no doubt that Lin Qi holds most of the shares of the new venture electronic technology group. Just according to his public wealth information, he already has a net worth of no less than $5 billion, at his age, and the speed of starting from scratch, although I don't know if it will be surpassed in the future, but it is absolutely unprecedented. In the history of mankind, there has never been such a genius who turned stones into gold. Of course, in addition to his company's team, the Tokyo Stock Exchange also played a crucial role in propelling Lin Qi to the throne of Asia's richest man. At least...... It provides a more reasonable platform for evaluating Lin Qi's wealth, so that the scale of the young rich man's assets can be further displayed in front of the world. ”

Hong Kong's "Ming Pao" published a special feature on Lin Qi, commenting: "After the war, Hong Kong has always been the city with the most self-made billionaires born in Asia. At the beginning, Mr. Jin Yong, the founder of Ming Pao, was just a young man who fled to Hong Kong to escape the war, and before the age of 30, he only worked for the newspaper and earned a small salary. Even, including the current Hong Kong super-rich Li Ka-shing, Bao Yugang, Fok Yingdong, etc., when they were young, they did not come from a rich family, on the contrary, they all had a relatively poor childhood. Subsequently, through personal struggle and grasping the opportunities of the times, these people gradually developed and achieved an amazing career. The success of these people has painted a picture of the 'Hong Kong dream' for many people to change their own destiny through their own struggles.

However, after the older generation of wealthy families made a fortune, when the new generation continued to dream of this dream, they found that no matter how hard they tried, because the environment had changed, it would be difficult to reach the height of the Hong Kong dream in the pioneering period. Many wonder if Hong Kong will continue to produce a new self-made billionaire.

And Lin Qi's fortune is more legendary than that of the older generation. When he first arrived in Hong Kong, he was poorer than most people. However, he earned millions of yuan in manuscript fees by writing a 5 million-word best-selling masterpiece "Breaking the Sky" and became the first pot of gold. Moreover, because "Breaking the Sky" was the only work that could make money in the company owned by Lin Qi's partners at that time, Lin Qi used it as a bargaining chip to obtain the status of a major shareholder of the new venture publishing company. According to general speculation, at this point, he should focus on becoming a writer boss like Jin Yong, relying on his own wonderful pen to support the performance of a publishing company.

But...... Lin Qi only regarded the publishing company as the first pot of gold in his career, because he discovered the popularity of electronic watches and calculators in the Chinese mainland market early on, so he founded the new start-up electronics company again, which started with calculators, and quickly became the world's best-selling scientific computer brand by relying on more advanced performance than Japanese scientific computers, but the price was only one-fifth of the ultra-low price of Japanese products.

After the success of the calculator, the company quickly began to challenge the more technically difficult arcade, handheld and other video games, because of Mr. Lin Qi's "Chinese Cube" idea, the new start-up electronics company has become a dark horse in the video game industry in less than a year after the success of the calculator.

The popularity of handheld and arcade machines has made it hundreds of millions of profits. Lin Qi's ambitions also swelled rapidly, relying on the company's profits, he began to recruit more senior technical personnel, including Dr. Yu Youcheng, who had served as a senior executive in Fairchild and Intel, and other talents, all of whom were recruited by him.

Today, the headquarters of Xinchuang Electronics Group jokingly claims that it is a cleaner and a master's degree from a famous university. The fundamental reason for attracting these highly educated talents is because of the high remuneration. Xinchuang Electronics Group has created a very unique remuneration system, and its company's fixed monthly salary is capped at 20,000 Hong Kong dollars, even if the president of the company is more than 10,000 people under one person, he cannot get a higher fixed monthly salary than this. However, a fixed monthly salary is only a starting point, and most employees will soon reach the fixed monthly salary cap, after which they will be eligible for equity incentives. Every year, the new venture electronics company transfers shares to employees who voluntarily subscribe at the price of net assets per share, depending on the employee's rank and voluntary subscription. These stocks are mainly sold to employees by Mr. Lin Qi by reducing his personal shareholding ratio. However, with the rapid growth of the new venture electronics group, many employees who subscribed a few years ago admitted that they have received a hundredfold return, even if the annual dividends are far more than wages.

This special mechanism allows the internal employees who are optimistic about the future prospects of the new venture electronics group to basically subscribe at the top (it is reported that the subscription ratio shall not exceed 50% of the fixed salary and dividends received by the employees from the company in the current year), and they can buy as much of the company's equity as they can.

Mr. Lin Qi believes that a company with too many employees and becoming more and more bloated will inevitably reduce efficiency.

For the sake of efficiency, he spun off the business of Xinchuang Electronics Group Company from the beginning, and subcontracted some peripheral manufacturing and after-sales businesses to lower-cost mainland foundry companies. These companies employ dozens of times more workers than Xinchuang Electronics, and although their income far exceeds the average in the mainland, they are completely far from the formal employees of Xinchuang Group. In addition to lower costs, the headquarters of the new venture group does not need to pay management costs and effort.

After splitting up the less important business, Lin Qi focused on recruiting inventors and scientists from all over the world and concentrating them on his own corporate headquarters. These scientists independently research and develop CPUs that are currently the most advanced XRM architecture in the world, as well as CD, VCD, Pangu host and other products that have a very great influence in the world.

Of course, in addition to these more serious hardware R&D projects, the new startup electronics company also has a large number of software R&D teams, among which the world's most complex and advanced games always flow out of the major studios in their headquarters system......

In just six years, Mr. Lin Qi's subsidiary, New Venture Publishing Group, has become a listed company in Hong Kong, ranking among the top three in the entire Hong Kong stock market in terms of market capitalization, and has become the largest publishing company in Hong Kong with a market value of more than HK$20 billion. Xinchuang Electronics Group, which only spun off one subsidiary, Xinfei Electronic Technology, was listed in Japan and has a market value of more than $15 billion.

The author once had the pleasure of interviewing Mr. Lin Qi, and he generously expounded the truth of his wealth, that the older generation of enterprises have backward technology, and their management is not necessarily more advanced than that of the West, but more rely on the hard work of Chinese workers, and the number of exploiters is directly proportional to their wealth accumulation. A large number of capitalists, who have no interest in scientific and technological innovation, have the money to either buy land for development, or hire more people, buy a batch of cheap machines, and expand the scale of production. As a result, the business is becoming more and more bloated, but it is always too big but not strong, and a lot of energy is focused on the management and hospitality that exhausts it, and it is no longer time to care about the longer term by merely treating these routine procedures as the essence of the work. The logic of new entrepreneurship is to keep its team creating new products, that is, to start a business all the time. We are always doing things that are the fastest growing period in the beginning of the company, so we are like a perpetual motion machine that continues to maintain efficient growth......"

On the plane back to Hong Kong from Tokyo, Lin Qi took a newspaper to pass the time and complained: "These reporters are always talking nonsense, when did I accept his interview." ”

"Do you want to prosecute?" asked a new secretary next to him.

"Forget it! This little thing, if it is pursued, is too stingy. Lin Qi shook his head and said, "The most negative news! Even if it is negative, if it is true, we will face it honestly and correct it." If it is a rumor, only use legal weapons. ”

Some small companies start with prices and like to bite like mad dogs. This is used to attract attention, but it is generally difficult for a mad dog company to become bigger. After all, if most of the news of a company is a lawsuit with so-and-so and suing so-and-so, then it is by no means a positive image in the eyes of the public.