Edited by: Huang Sheng
Recently, a game called "Egg-Breaking" has become popular. According to incomplete statistics, in Jiangsu and Anhui provinces alone, more than 20 million people regularly participate in various egg-cracking activities, and the number of egg-cracking enthusiasts nationwide has reached 140 million. The "2023 China Annual Rising Stars List" shows that Dandan was awarded the "Game of the Year".
What is the egg? Why is it so popular?
The Workers' Daily published an article on January 31, saying that as a poker game that combines "eighty points", "landlords" and "running fast", the rules of Egg Breaking are fine, but not as complicated as bridge, which ordinary people can play It's easy to get started and extremely interesting.
Egg-smashing competition, a performance event of the 5th National Intellectual Games (Photo source: Photo by Xinhua News Agency reporter Wang Hengzhi)
In the local dialect of Huai'an, Jiangsu, where it originated, "smash" means throwing or smashing, and card players will use "smash" in their hands. "Egg" is the action of "bomb" hitting the table. "What stands out is the momentum." In pairs and two teams, the daily poker scene is often full of laughter and chatter, and "all kinds of winking and psychological warfare" have become essential skills. This is very different from the picture of a bridge match where barriers are erected and the scene is quiet.
Tudan has its own social functions and is called a "social artifact". In many places, beating eggs has brought neighbors closer and created a harmonious atmosphere. "Pan Dan defeats i person and e person", no matter what type of personality, Pu Dan is very friendly. It is also regarded as a channel for class integration, meeting the needs of upper and lower communication and having unique interpersonal lubrication value.
Egg-cracking requires teamwork, and the gameplay is in line with the spirit of sports. It is both fun and competitive. The memory, information collection ability, decision-making ability, teamwork ability, etc. required by the project are equally important in work and life. The intellectual value of egg-cracking is also self-evident. “If you are not afraid of egg-cracking, it means you are brave; if you win, you don’t say anything, it means the city is deep; if you lose, you don’t surrender, it means you have strong competitiveness; if you are careful about egg-cracking, it means you understand economics.”… …These jingles show that egg-breaking is endowed with many values—insights into human nature, opening up patterns, expanding cognition, workplace wisdom, business methods and even life philosophy, all of which are included.
Screenshot of the formula in the egg-cracking gift box of a brokerage
The Shanghai Egg-cracking Association was established, and a 40 billionaire was appointed as the president
Shanghai Anhui Chamber of Commerce public account news, on the morning of January 27, the first member meeting of the Shanghai Egg-cracking Sports Association was held A meeting was held at the Shanghai Chess and Card Sports Management Center. Xu Bin, Party Secretary and Director of the Shanghai Sports Bureau and Chairman of the Shanghai Sports Federation, attended the event.
At the meeting, the chairman of Oriental Fortune (300059.sz, stock price 12.78 yuan, market value 202.652 billion yuan) was actually elected as the president of the first council, executive president of Anhui Chamber of Commerce, president of Shanghai Anhui Chamber of Commerce, Jing Hong Qinghua, Chairman of Domain Group, Ding Zuohong, Chairman of Shanghai Jiangsu Chamber of Commerce and Chairman of the Board of Directors of Yuexing Group, Li Yi, Party Branch Secretary and General Manager of Five Star Sports Media, Nie Jianming, Chairman of Shanghai Hengshi Investment Group, are the vice presidents. Yan Jianjun, president of the Shanghai Chamber of Commerce and Chairman of Zhida Holding Group, is the chief supervisor, and Chen Kai, executive director of Shanghai Weizhao Information Technology Co., Ltd., is the secretary-general.
Actually, he was born in October 1970. He has a bachelor's degree from Shanghai Jiao Tong University and a doctoral degree from Fudan University. He is a representative of the 14th National People's Congress. He founded Oriental Fortune in 2005 and is currently the chairman of Oriental Fortune. According to Qichacha, its shareholding ratio in Oriental Fortune is 19.31%. Based on Oriental Fortune’s current market value, its net worth has reached 39.132 billion yuan.
Egg-beating is also popular in the investment circle
According to the "Daily Economic News" report on October 28 last year, a rumor that "netizens encountered Lei Jun and Zhang Xuanlong and Qiu Bojun beating eggs" has become popular.
reported that in the era of surging mobile Internet, many Internet upstarts are proud of their ability to play Texas Hold'em poker, and some even claim to have obtained financing through Texas Hold'em.
A large VC person told reporters that when Texas Hold'em was more popular, many GPs would tend to play with entrepreneurs, "because one of the more important points in Texas Hold'em is that you can tell whether the players are good or bad by playing cards. Knowing how to go all-in (a term derived from Texas Hold'em, meaning to bet all-in or giving it a go), how much risk you are willing to take, etc. Some people think that this can also reveal the characteristics of entrepreneurs such as how devoted they are to their careers."
Nowadays, egg-breaking is all the rage. Although the so-called "dan egg-raising" sounds somewhat stigmatizing to VC/PE, there is more to this board game than just entertainment.
Suzhou and Anhui shared three gold medals in the egg-cracking project of the 5th National Intellectual Games (Photo source: Photo by Xinhua News Agency reporter Wang Hengzhi)
In Xiong Weiming’s view, egg-cracking is a new tool for upward communication: “To say that lp will pass I came here to observe everyone. I think it’s too high. The main thing is to create a friendlier session that LPs are more willing to attend, which helps with upward communication.”
In the investment circle, “upward socialization” is a very important ability, and Egg-Flipping provides a starting point for this ability. Winning or losing is not important, what is important is to open the situation quickly by breaking the egg.
From Texas Hold'em poker, golf to egg-breaking, from the strength of US dollar funds to the rise of RMB funds, the evolution of social tools sought after by the financial circle is essentially determined by changes in the market and investor structure.
In other words, behind the egg-breaking, there is actually a major reshuffle in the investment industry.
Take Jiangsu, where Egg Breaking originated, as an example. This is one of the areas with the highest concentration of PE/VC in the country, with a large number of local LPs and active investment. Public data shows that there were more than 700 LP investments in Jiangsu Province last year, and the overall investment activity remained in the top three on average; in September this year, in terms of investment activity and amount, institutional LP investments in Jiangsu Province also ranked third in the country. , ranking only after Guangdong and Zhejiang.
Industry insiders also commented that in the eyes of GP, Jiangsu Province has a large number of active private enterprises and local guidance funds and high investment sustainability. Coupled with its superior geographical location and mature local industrial foundation and policy supporting measures, Jiangsu must be The first choice for fundraising.
At the same time, lps are also active in Zhejiang, Shanghai, Anhui and other areas near Jiangsu, and they are also areas where GPs focus on visiting and "haunting". As important participants in the local egg-popping bureau, these GPs have naturally become the direct promoters of the "cultural export" of egg-popping to the whole country.
As Li Jie said, when egg-beating just started to become popular around 2020, it was also the time when Jiangsu and Zhejiang LPs began to make rapid progress. “Jiangsu and Zhejiang LPs have more and more say. You also have to play games that other people like to play, which is normal."
Xiong Weiming also said frankly that egg-banging is a way for some LPs to relax and communicate. GPs from other places mainly try to integrate with this kind of card game on the southeast coast. Dan allows LP leaders to see their own character and style, and also builds trusting relationships.
"Originally, there were more U.S. dollars in the market, and people mainly played poker and drank red wine. Now the mainstream is RMB LP, which is Moutai with whipped eggs." He concluded.
