Chapter 48: The Birth of the Li Corporation

Regarding Gu Yumin's intention to invest, Li Fengyu and Li Sen had no objections, but Liu Xinyang still felt somewhat uncomfortable inside. After all, the thirty million yuan he put forward was no small investment, yet he failed to secure the primary shareholder decision-making power. It certainly did not feel pleasant, but he could not rashly reject her either. Given the considerable influence of the Huayu Group in both Shanghai and Hong Kong, that face had to be maintained. Therefore, at least on the surface, both Liu Xinyang and Li Fengyu expressed a warm welcome.

Under such circumstances, the Li Group was born. Following final deliberations, Gu Yumin held fifty-five percent of the shares, Liu Xinyang held twenty-five percent, Li Fengyu held fifteen percent, and Li Sen held five percent, leaving Ye Chen and Chen Yuxuan with zero shares. Finding this a bit hard to bear—since the two men had also given up the generous conditions of the Xinmin Group to follow them and could be considered founding veterans—Li Sen carved out one percent of his shares to split between them, giving each zero point five percent. Li Fengyu likewise carved out two percent of his shares, giving each of them one percent, which translated to a market value of over one million yuan each.

Thus, the Li Group was ultimately established. Yet, ironically enough, despite bearing the name the Li Group, the combined shares of Li Sen and Li Fengyu did not even equal those of Liu Xinyang. How bizarre indeed. Li Fengyu had secretly resolved back then never to be controlled by others again, yet things had once more turned out this way. The only real change, perhaps, was that they had simply switched bosses.

Such is the arduous nature of small-time entrepreneurship. Lacking principal and capital, one is reduced to working for the giants without any path for upward mobility. Modern entrepreneurship is just that difficult. Li Fengyu and Li Sen were merely a microcosm of all entrepreneurs in today's society; they were not the first, and they certainly would not be the last.

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