1/142 <font color=red></font> 08-31 04:16:57-08-31 04:17:02 Today, let's talk about Yu Minhong and Oriental Select in 20...<br>2/142 <font color=red></font> 08-31 04:20:22-08-31 04:20:32 August 21st,<br>3/142 <font color=red></font> 08-31 04:17:44-08-31 04:17:51 Oriental Selection delivered a surprisingly good performance...<br>4/142 <font color=red></font> 08-31 04:17:51-08-31 04:18:05 Annual revenue of 5.7 billion<br>5/142 <font color=red>de</font> 08-31 04:16:59-08-31 04:17:12 Increased by 29.8 percent year-on-year.<br>6/142 <font color=red></font> 08-31 04:17:46-08-31 04:18:03 Net profit of 5.44 billion<br>7/142 <font color=red>aaa</font> 08-31 04:16:58-08-31 04:17:02 Increased by 9377.8% year-on-year,<br>8/142 <font color=red>n</font> 08-31 04:17:14-08-31 04:17:25 Break through 102 billion RMB.<br>9/142 <font color=red>n</font> 08-31 04:17:01-08-31 04:17:03 Self-produced products accounted for half of the country.<br>10/142 <font color=red></font> 08-31 04:17:02-08-31 04:17:14 Interestingly,<br>11/142 <font color=red>bg</font> 08-31 04:17:05-08-31 04:17:14 This beautiful financial report came at the most difficult t...<br>12/142 <font color=red></font> 08-31 04:17:03-08-31 04:17:14 Dong Yufei left.<br>13/142 <font color=red></font> 08-31 04:17:08-08-31 04:17:14 Although he has left,<br>14/142 <font color=red></font> 08-31 04:17:06-08-31 04:17:14 Tianquan left.<br>15/142 <font color=red>hp</font> 08-31 04:17:09-08-31 04:17:14 Zhong Can and Lin Lin also left.<br>16/142 <font color=red>aaa</font> 08-31 04:17:11-08-31 04:17:14 So far,<br>17/142 <font color=red></font> 08-31 04:17:12-08-31 04:17:15 The first four Fs have all left.<br>18/142 <font color=red>de</font> 08-31 04:17:15-08-31 04:17:28 But after people left, I actually started making money.<br>19/142 <font color=red>bg</font> 08-31 04:17:16-08-31 04:17:28 Many people say that Yu Minhong won.<br>20/142 <font color=red></font> 08-31 04:17:18-08-31 04:17:28 But I don't think it's really gambling.<br>21/142 <font color=red></font> 08-31 04:17:19-08-31 04:17:28 Yu Minhong once said something interesting,<br>22/142 <font color=red></font> 08-31 04:17:21-08-31 04:17:28 I especially like people with personality.<br>23/142 <font color=red>hp</font> 08-31 04:17:36-08-31 04:17:39 People with their own personalities will inevitably clash wi...<br>24/142 <font color=red>hp</font> 08-31 04:17:22-08-31 04:17:28 The result is that they will part ways.<br>25/142 <font color=red></font> 08-31 04:17:25-08-31 04:17:39 Therefore, the situation of New Oriental splitting up is not...<br>26/142 <font color=red>aaa</font> 08-31 04:17:23-08-31 04:17:28 But the remaining ones will develop independently.<br>27/142 <font color=red>xss</font> 08-31 04:17:28-08-31 04:17:51 I think this is the most wonderful thing.<br>28/142 <font color=red></font> 08-31 04:17:26-08-31 04:17:39 This sounds profound.<br>29/142 <font color=red>n</font> 08-31 04:17:29-08-31 04:17:39 But a boss knows that the person he hires is likely to leave...<br>30/142 <font color=red>bg</font> 08-31 04:17:30-08-31 04:17:39 But still, I insist on recruiting.<br>31/142 <font color=red></font> 08-31 04:17:32-08-31 04:17:39 Is this a hassle?<br>32/142 <font color=red></font> 08-31 04:17:33-08-31 04:17:39 But if you understand Mr. Yu Minhong's entrepreneurial journ...<br>33/142 <font color=red>bg</font> 08-31 04:17:40-08-31 04:17:51 I understand this now. He was admitted to Peking University ...<br>34/142 <font color=red></font> 08-31 04:17:35-08-31 04:17:39 Another rural poor kid who was penalized for working part-ti...<br>35/142 <font color=red>aaa</font> 08-31 04:17:37-08-31 04:17:39 I've been constantly facing questioning and suppression.<br>36/142 <font color=red></font> 08-31 04:17:42-08-31 04:17:51 This person's life is one of constant pressure and being pus...<br>37/142 <font color=red>de</font> 08-31 04:17:39-08-31 04:17:51 In the process of repeatedly breaking through walls,<br>38/142 <font color=red></font> 08-31 04:17:43-08-31 04:17:51 In a situation where neither time, location, nor people are ...<br>39/142 <font color=red>hp</font> 08-31 04:17:47-08-31 04:17:51 Managed to make New Oriental a leading education training co...<br>40/142 <font color=red>bg</font> 08-31 04:18:08-08-31 04:18:21 The policy of "two reductions" in 2021 has been implemented.<br>41/142 <font color=red>aaa</font> 08-31 04:17:49-08-31 04:17:51 At that time, New Oriental K business was almost zero.<br>42/142 <font color=red>bg</font> 08-31 04:17:53-08-31 04:18:05 Stock prices plummeted.<br>43/142 <font color=red></font> 08-31 04:17:59-08-31 04:18:05 At 60 years old, Yu Minhong turned his team around and immed...<br>44/142 <font color=red></font> 08-31 04:18:32-08-31 04:18:38 He allows talent to flow.<br>45/142 <font color=red></font> 08-31 04:18:25-08-31 04:18:35 Even tolerate this flow.<br>46/142 <font color=red></font> 08-31 04:17:54-08-31 04:18:05 Dong Yufei's sudden fame was accidental.<br>47/142 <font color=red>de</font> 08-31 04:17:57-08-31 04:18:05 But in the system of Yu Men Hong, those who know how to leav...<br>48/142 <font color=red></font> 08-31 04:17:56-08-31 04:18:05 Almost inevitable.<br>49/142 <font color=red>xss</font> 08-31 04:19:41-08-31 04:20:06 The e-commerce live streaming industry has a very strong dep...<br>50/142 <font color=red>n</font> 08-31 04:18:00-08-31 04:18:05 The company's growth is entirely dependent on one person.<br>51/142 <font color=red>aaa</font> 08-31 04:18:02-08-31 04:18:05 Host is in good condition.<br>52/142 <font color=red>hp</font> 08-31 04:18:03-08-31 04:18:07 Company is on fire,<br>53/142 <font color=red></font> 08-31 04:21:37-08-31 04:21:46 The host is in a bad state,<br>54/142 <font color=red>xss</font> 08-31 04:18:05-08-31 04:18:21 The company is ruined.<br>55/142 <font color=red></font> 08-31 04:18:10-08-31 04:18:21 The host wants to make more money.<br>56/142 <font color=red></font> 08-31 04:18:07-08-31 04:18:21 The company has to let the host go,<br>57/142 <font color=red>n</font> 08-31 04:18:11-08-31 04:18:21 The company's stock price immediately plummeted.<br>58/142 <font color=red></font> 08-31 04:18:13-08-31 04:18:21 Such companies are essentially handing their lives over to o...<br>59/142 <font color=red></font> 08-31 04:18:14-08-31 04:18:21 Yu Minhong wasn't unaware of the commercial value of Super A...<br>60/142 <font color=red>aaa</font> 08-31 04:18:16-08-31 04:18:21 But he understood,<br>61/142 <font color=red>de</font> 08-31 04:18:18-08-31 04:18:32 If the Eastern Selection continues to rely on a single perso...<br>62/142 <font color=red>n</font> 08-31 04:18:42-08-31 04:18:49 So, this brand will eventually be unfortunate and no longer ...<br>63/142 <font color=red>hp</font> 08-31 04:18:21-08-31 04:18:33 Instead, he became a puppet controlled by algorithms and oth...<br>64/142 <font color=red>bg</font> 08-31 04:18:22-08-31 04:18:35 Therefore, he made a difficult but correct decision to under...<br>65/142 <font color=red></font> 08-31 04:18:19-08-31 04:18:21 July 2024,<br>66/142 <font color=red></font> 08-31 04:18:24-08-31 04:18:35 Oriental Selection sells 100% of the equity of "With Yu" to ...<br>67/142 <font color=red>n</font> 08-31 04:18:27-08-31 04:18:35 Early April 2026,<br>68/142 <font color=red></font> 08-31 04:18:29-08-31 04:18:35 The celebrity streamers Ming and Lin, both announced their r...<br>69/142 <font color=red>aaa</font> 08-31 04:18:30-08-31 04:18:35 The talent drain seen by outsiders,<br>70/142 <font color=red></font> 08-31 04:18:33-08-31 04:18:38 In Mr. Yu Minhong's view,<br>71/142 <font color=red>xss</font> 08-31 04:18:35-08-31 04:18:49 This is the result of natural selection.<br>72/142 <font color=red>n</font> 08-31 04:19:09-08-31 04:19:15 People and platforms are not completely bound,<br>73/142 <font color=red>bg</font> 08-31 04:18:39-08-31 04:18:49 Instead, it approaches a stage of symbiosis.<br>74/142 <font color=red>de</font> 08-31 04:18:36-08-31 04:18:49 So the question arises,<br>75/142 <font color=red>hp</font> 08-31 04:18:38-08-31 04:18:49 People left,<br>76/142 <font color=red></font> 08-31 04:18:41-08-31 04:18:49 How to do business?<br>77/142 <font color=red></font> 08-31 04:18:43-08-31 04:18:49 The answer given by Oriental Selection is not to act as a tr...<br>78/142 <font color=red></font> 08-31 04:19:08-08-31 04:19:15 Be a brand retailer.<br>79/142 <font color=red></font> 08-31 04:18:45-08-31 04:18:49 As of May 31, 2026,<br>80/142 <font color=red>aaa</font> 08-31 04:18:46-08-31 04:18:49 Oriental Select has launched a total of 1,099 proprietary pr...<br>81/142 <font color=red></font> 08-31 04:18:48-08-31 04:19:02 Add 277 new self-produced products in one year.<br>82/142 <font color=red>bg</font> 08-31 04:18:51-08-31 04:19:02 g m v reached 54 billion,<br>83/142 <font color=red></font> 08-31 04:18:49-08-31 04:19:02 It accounts for 52.6% of the total.<br>84/142 <font color=red></font> 08-31 04:19:12-08-31 04:19:26 a p has accumulated over 10 million registered users,<br>85/142 <font color=red></font> 08-31 04:18:52-08-31 04:19:02 35.3 million paid members,<br>86/142 <font color=red></font> 08-31 04:18:53-08-31 04:19:02 The company invests millions of dollars every year in produc...<br>87/142 <font color=red></font> 08-31 04:18:56-08-31 04:19:02 The quality inspection report exceeded 26,000.<br>88/142 <font color=red>n</font> 08-31 04:18:55-08-31 04:19:02 Yu Minhong said,<br>89/142 <font color=red>xss</font> 08-31 04:19:02-08-31 04:19:26 Oriental Select will continue to adhere to high safety stand...<br>90/142 <font color=red>hp</font> 08-31 04:18:58-08-31 04:19:02 High-quality,<br>91/142 <font color=red>aaa</font> 08-31 04:18:59-08-31 04:19:02 High-quality, three-high principles.<br>92/142 <font color=red>de</font> 08-31 04:19:01-08-31 04:19:15 In a nutshell,<br>93/142 <font color=red>bg</font> 08-31 04:19:03-08-31 04:19:15 It's not about the host's face,<br>94/142 <font color=red></font> 08-31 04:19:05-08-31 04:19:15 Based on the product color.<br>95/142 <font color=red></font> 08-31 04:19:06-08-31 04:19:15 Right,<br>96/142 <font color=red>hp</font> 08-31 04:19:11-08-31 04:19:15 It's just copying Sam and COSCO.<br>97/142 <font color=red>bg</font> 08-31 04:19:17-08-31 04:19:26 From fresh snacks to nutritional supplements,<br>98/142 <font color=red>aaa</font> 08-31 04:19:14-08-31 04:19:15 From paper products to home textiles,<br>99/142 <font color=red></font> 08-31 04:19:15-08-31 04:19:26 Oriental Selection,<br>100/142 <font color=red></font> 08-31 04:19:18-08-31 04:19:26 Transforming myself into an online membership supermarket.<br>101/142 <font color=red>n</font> 08-31 04:20:13-08-31 04:20:20 In fiscal year 2026, Oriental Selection hired an additional ...<br>102/142 <font color=red>hp</font> 08-31 04:20:15-08-31 04:20:20 The salary and expense expenditure has decreased from 120 mi...<br>103/142 <font color=red></font> 08-31 04:19:19-08-31 04:19:26 More money, less things.<br>104/142 <font color=red></font> 08-31 04:19:36-08-31 04:19:41 Because we don't need to support super streamers anymore.<br>105/142 <font color=red>aaa</font> 08-31 04:19:21-08-31 04:19:26 Some people say that Yu Minhong is making a desperate move.<br>106/142 <font color=red>n</font> 08-31 04:19:22-08-31 04:19:26 Some people say he is good at reflection.<br>107/142 <font color=red>hp</font> 08-31 04:19:24-08-31 04:19:26 But it keeps repeating.<br>108/142 <font color=red></font> 08-31 04:19:25-08-31 04:19:26 Yesterday, someone said that he apologized while doing so.<br>109/142 <font color=red></font> 08-31 04:27:59-08-31 04:28:03 While continuing to implement system control,<br>110/142 <font color=red>de</font> 08-31 04:19:26-08-31 04:19:41 All of these are correct.<br>111/142 <font color=red>bg</font> 08-31 04:19:28-08-31 04:19:41 But none of them got to the core of who Yu Minhong is.<br>112/142 <font color=red></font> 08-31 04:19:29-08-31 04:19:41 I don't believe in any path dependencies that cannot be repl...<br>113/142 <font color=red>n</font> 08-31 04:19:34-08-31 04:19:41 He relied on himself three times for the Gaokao.<br>114/142 <font color=red>aaa</font> 08-31 04:19:31-08-31 04:19:41 After resigning from Peking University,<br>115/142 <font color=red></font> 08-31 04:19:32-08-31 04:19:41 Establish New Oriental,<br>116/142 <font color=red></font> 08-31 04:19:39-08-31 04:19:53 Is it through self-transformation or relying on the "double ...<br>117/142 <font color=red></font> 08-31 04:19:35-08-31 04:19:41 He believes in systems.<br>118/142 <font color=red>hp</font> 08-31 04:19:38-08-31 04:19:41 Products and organizational capabilities<br>119/142 <font color=red></font> 08-31 04:19:43-08-31 04:19:53 Not a brilliant on-the-spot performance by some so-called ge...<br>120/142 <font color=red>bg</font> 08-31 04:19:42-08-31 04:19:53 When Dong Yufei became famous,<br>121/142 <font color=red>hp</font> 08-31 04:19:46-08-31 04:19:53 What others see is a windfall.<br>122/142 <font color=red></font> 08-31 04:19:45-08-31 04:19:53 Yu Minhong saw the risks.<br>123/142 <font color=red>n</font> 08-31 04:19:52-08-31 04:19:53 When Dong left,<br>124/142 <font color=red>aaa</font> 08-31 04:19:48-08-31 04:19:53 What others see is a collapsed building.<br>125/142 <font color=red></font> 08-31 04:20:17-08-31 04:20:20 What Yu Minhong saw was an opportunity.<br>126/142 <font color=red>de</font> 08-31 04:19:49-08-31 04:19:53 Because he could finally do what he wanted to do, legitimate...<br>127/142 <font color=red></font> 08-31 04:19:53-08-31 04:20:06 Actually, Yu Minhong had already thought about doing an onli...<br>128/142 <font color=red></font> 08-31 04:19:50-08-31 04:19:53 Just a temporary setback caused by Dong Yufei.<br>129/142 <font color=red>bg</font> 08-31 04:19:55-08-31 04:20:06 Now he can finally get back on track.<br>130/142 <font color=red></font> 08-31 04:19:56-08-31 04:20:06 Fiscal year 2026,<br>131/142 <font color=red></font> 08-31 04:19:59-08-31 04:20:06 Oriental Selection's operating profit is 6.6 million,<br>132/142 <font color=red>hp</font> 08-31 04:19:57-08-31 04:20:06 Achieve profitability,<br>133/142 <font color=red>aaa</font> 08-31 04:20:14-08-31 04:20:20 The stock price increased by 53.3% throughout the year.<br>134/142 <font color=red></font> 08-31 04:20:00-08-31 04:20:06 Yu Minhong added 30,000 shares in March.<br>135/142 <font color=red>aaa</font> 08-31 04:20:02-08-31 04:20:06 What's more important than these numbers is,<br>136/142 <font color=red>n</font> 08-31 04:20:03-08-31 04:20:06 Yu Minhong proved with two years of time,<br>137/142 <font color=red>de</font> 08-31 04:20:06-08-31 04:20:20 A company can operate without relying on any single person.<br>138/142 <font color=red></font> 08-31 04:20:05-08-31 04:20:06 Still alive and well,<br>139/142 <font color=red>bg</font> 08-31 04:20:07-08-31 04:20:20 To pretend to be strong,<br>140/142 <font color=red></font> 08-31 04:20:09-08-31 04:20:20 Not simple.<br>141/142 <font color=red></font> 08-31 04:20:10-08-31 04:20:20 Thank you for watching Digo Nine Minutes.<br>142/142 <font color=red></font> 08-31 04:20:11-08-31 04:20:20 See you next time.<br>