Pangdai's Revenue Soars Past Expectations: Navigating Success and Concerns
On November 25th, Henan Xuchang witnessed an announcement from Pangdai's founder, Yu Dongli, that this year's estimated revenue for the company could exceed 10 billion yuan. The tax income and profit are expected to be around 300 million yuan per year. This news was met with excitement on Weibo, with many netizens expressing their admiration for Pangdai's human-centered approach towards its employees.
1 December 2023
One user exclaimed, "I really want a Petit Gourmet to open up in my area!" Another shared that they have "a good feeling" about Henan, specifically mentioning cities like Kaifeng, Luoyang, and Zhengzhou as being ancient yet affordable and enjoyable. A third netizen stated, "Amazing benefits! My dream company! Very human-centered in most companies now, tears of joy."
However, there were also some concerns raised about Pangdai's policy of allowing employees to refuse work without salary twice a month, as one user expressed, "I always feel that this arrangement is easy to encourage employees' laziness. Although it's warm from the perspective of workers, managing like this will be too easy to get messy and cause problems."
The conversation also touched on the rare ethical entrepreneurs in China who do not allow overtime, unpaid leave, or performance assessments without bounds. The founder of Wan Dongli, for example, is rumored to have not graduated from high school, prompting a discussion about the correlation between education and leadership success.
In addition to these discussions, the article also mentioned Pangdai's plans to open stores in Zhejiang and Yunnan. Furthermore, Yi Chang, a popular video platform, ranked first in Xiahe and Station with an attack launched at 23:12 on November 1st from Weibo.
The article also provided an inside look into Pangdai's business model, including the fact that the company provides cars from its own fleet, which will be shared when money comes in. The wholesale price for each employee's audio equipment is a whopping 250,000 yuan, while the retail price ranges between 400,000 and 500,000 yuan.
According to local media reports, during the mid-autumn and national days this year, Pangdai received a total of 10 million tourists, with more than 140,000 people greeted by Pang Dong's Angel Plaza, and over 450,000 visitors coming from outside.
Overall, the announcement about Pangdai's financial success and human-center