Author | Editor of An Ran | Produced by Ye Jinyan | Shenwang·Tencent News Xiaoman Studio Dong Yuhui and Yu Huiping became independent from Oriental Selection for more than a month. Yu Minhong, the founder of New Oriental and CEO of Oriental Selection, once again fell into some gr

Author | Enron

Editor | Ye Jinyan

| Shenwang·Tencent News Xiaoman Studio

Dong Yuhui and Yu Hui were independent from Oriental Selection . Within more than a month after becoming independent from Oriental Selection , Yu Minhong, the founder of New Oriental and CEO of Oriental Selection, once again Falling into some baseless rumors and online violence. In response, Yu Minhong published an article titled "Some Explanations" on his public account "Lao Yu Xiahua", refuting rumors that he was the investor behind "Ifeng Finance" and had found someone to attack Dong Yuhui.

At the 2024 Yabuli China Entrepreneurs Forum, when asked by Zhou Hongyi, founder of 360, how he viewed these online abuses, Yu Minhong replied, “It is not appropriate to say that I don’t care about being bullied online. I will definitely read online comments, but It is more important to look at the impact of this matter on the layout of the company and focus on what I want to do. What I focus on is to make a good selection of New Oriental and Oriental and take care of my own personal life."

Yu Minhong further explained, as of now. At present, Oriental Selection and New Oriental have not been greatly affected by online public opinion, and the company will follow the established direction. "The more times I have been bullied online, my heart has become bigger. If I change myself because of rumors, it means that I am not determined enough."

Regarding the development of Oriental Selection, Yu Minhong once revealed at the shareholders' meeting, In the future, we will explore the combination of online and offline models and learn from the Sam’s Club model. In this regard, Yu Minhong said in an interview with Zhang Wenzhong, founder of Wumart Group and founder of Duodiandmall, "Wumei has a good foundation and people are willing to go. Offline retail will never disappear, it just changes the model."

joked about Yu Minhong He said, "In the future, either I (Yu Minhong) will acquire him (Zhang Wenzhong) or he will acquire me." Zhang Wenzhong replied, "I am full of respect for Yu Minhong in organizing the Oriental Selection, and I am also sweating. This matter is difficult to handle. , I haven’t understood it for 30 years, it’s so complicated, so he rushed in without hesitation.”

Zhang Wenzhong further said, “Offline physical stores will definitely still exist, but they need to be fully digitized and a new service model is needed. It is very big, and there are many places where Wumart and Oriental Selection can win-win and cooperate.”