Chapter 164 Surprising New Oriental on August 15

It is not in my expectation that New Oriental has come to this day, because at first it was just to make ends meet, recruiting a few students to run a small cram school.But New Oriental has developed to this day, and we have more expectations. We hope to use our actions and thoughts to do more things for Chinese students, for Chinese education, and for the future of China. . New Oriental's first partner was Du Zihua. Du Zihua also opened a foreign language training school in his early years, called Ideal School.The number of students enrolled in that training school is not large, but Du Zihua has his own strengths, and his TOEFL listening teaching ability is very strong.Yu Minhong found Du Zihua and said to him: "If you bring the TOEFL listening teaching project to New Oriental, I can recruit 100 people in this class, and we can agree to share the benefits in proportion." Under Yu Minhong's "bewitching", Du Zihua closed his school, joined New Oriental, and became Yu Minhong's most important partner during his early entrepreneurial years.The integration of Du Zihua was Yu Minhong's first merger and acquisition in the early days of his business. At that time, he had gradually understood the dialectical relationship between becoming stronger and becoming bigger.Through such binding and cooperation, Yu Minhong gradually got rid of the difficulties of livelihood.At that time, Yu Minhong's ideal was to "make enough 1 million yuan to shut down New Oriental" and then "study abroad".

At the end of 1995, Yu Minhong's trip to North America was destined to be recorded in the history of New Oriental.At that time, New Oriental had gathered an extremely large number of students, and Yu Minhong also reaped the first pot of gold in his life.He chose to go to the United States and Canada to satisfy his vanity and try to get rid of inferiority complex in this way.Although New Oriental's business was booming at that time, Yu Minhong always felt a little bit ashamed of himself, thinking that he was in a small business and could not be recognized as elegant. Unlike those Peking University alumni, most of them had already become "golden collars" in the United States and entered the mainstream society of the United States.For example, Wang Qiang, a college classmate, works in Bell Labs. Such information stimulates Yu Minhong's sensitive nerves.

In the United States, Yu Minhong told Wang Qiang about "China's opportunity"; in Canada, Yu Minhong also told Xu Xiaoping about "China's opportunity".So the three of them who firmly believed in "China's opportunity" gathered together and started a history of ups and downs and epic entrepreneurship.The company expanded with the ideal, and the growth of the economic entity truly swelled Yu Minhong's pursuit.Especially after the company went public, Yu Minhong's personal realm and the company's mission have made a qualitative leap, and this is the foundation of the company's survival and development, as well as the reason and purpose of the company's existence.

What Dashan Tianxia has done has awakened and reconstructed the new entrepreneurial spirit and become a powerful force to promote social progress.