最早喊出「活下去」的「打工皇帝」，没等到大结局

Core Viewpoint - The retirement of Yu Liang marks the end of a significant era for Vanke, as he has been a key figure in the company and the real estate industry for over 35 years, navigating both rapid growth and challenging downturns [3][6]. Company Overview - Vanke announced Yu Liang's resignation due to reaching retirement age, effective January 8, 2026, after he served as Chairman since June 2017 [3]. - Yu Liang's departure is seen as a signal of Vanke's completion of a phase of "soft landing" amid ongoing challenges in the real estate sector [3]. - Under Yu's leadership, Vanke's sales grew from 3 billion to 700 billion, but the company faced significant losses, including a record loss of 49.478 billion in 2024 [4][6]. Industry Context - Yu Liang has been a vocal figure in the industry, coining terms like "black iron era" to describe the current challenging phase for real estate, emphasizing the need for companies to adapt and survive [4][16]. - He initiated self-rescue measures for Vanke, including asset sales and a focus on cash flow management, as the company struggled with debt and market conditions [4][16]. - The real estate sector is undergoing a transformation, with Vanke shifting its focus from residential development to becoming a "city service provider," diversifying into commercial and logistics sectors [15][16]. Leadership and Strategy - Yu Liang's strategic approach included aggressive acquisitions and a focus on operational efficiency, which helped Vanke become the first Chinese real estate company to exceed 100 billion in sales by 2010 [14]. - His leadership style was characterized by a blend of idealism and pragmatism, which was crucial during both the company's rapid growth and subsequent market adjustments [8][10]. - Despite achieving significant milestones, Yu Liang's tenure ended amid a challenging market environment, reflecting the broader struggles within the real estate industry [16][17].