Core Viewpoint - The article discusses the evolving perception of the "996" work culture, highlighting a shift in Silicon Valley where some investors now advocate for it as a virtue, contrasting it with the previous criticism of such work practices [2][3][12]. Group 1: The Shift in Work Culture - The "996" work culture, once criticized as detrimental, is now being viewed positively by some Silicon Valley investors who prioritize investment in startups that adopt this model [2][3]. - Notable examples include the fintech company Bolt, which initially adopted a "4-day work week" but later reverted to more traditional work expectations, indicating a potential backlash against the "anti-involution" trend [12][13]. Group 2: Perspectives from Key Figures - Michael Moritz, a prominent Silicon Valley investor, previously acknowledged the "996" culture's harshness but recognized its role in fostering collective progress in business [3]. - Nik Storonsky, founder of Revolut, criticized European entrepreneurs for not working hard enough compared to their counterparts in the U.S. and China, suggesting that a lack of effort leads to inferior results [5][6]. Group 3: The Debate on Work-Life Balance - The article presents contrasting views on work-life balance, with some arguing that excessive focus on comfort in the workplace can undermine productivity and the fundamental principles of hard work [12]. - A survey by Antler revealed that a significant portion of startup founders work over 60 hours a week, indicating a culture of long hours in the entrepreneurial landscape [8]. Group 4: Mental Health Considerations - The discussion also touches on the mental health challenges faced by entrepreneurs, with a significant percentage reporting that the pressures of startup life negatively impact their well-being [14][16]. - The need for a balanced approach to work intensity and mental health is emphasized, suggesting that while hard work is essential, it should not come at the cost of personal health [16][17].

Core Viewpoint - The article discusses the recent trend of major companies in China, such as DJI and Midea, implementing mandatory off-work policies to reduce costs and improve efficiency, reflecting a broader shift in corporate culture away from the "996" work schedule [3][5][20]. Group 1: Company Actions - DJI has initiated a "no overtime" policy, where employees are encouraged to leave the office by 9 PM, and this has been in effect since late February [4][11]. - Midea has also enforced strict controls on overtime, with a directive from its chairman to simplify work processes and limit after-hours meetings and communication [3][12]. - Other companies like Miniso and Haier are following suit, emphasizing the reduction of formalities and the implementation of a two-day weekend policy across all departments [15]. Group 2: Financial Performance - Midea's overseas market growth has outpaced domestic growth, with its overseas revenue accounting for over 40% of total income in the first half of 2024 [13]. - Midea's total revenue for the first half of 2024 was approximately 217.27 billion, a 10.3% increase from the previous year [14]. - The manufacturing sector remains the largest contributor to Midea's revenue, with HVAC products making up 46.7% of total revenue [14]. Group 3: Industry Context - The shift away from the "996" work culture is becoming more pronounced as companies face economic pressures and seek to enhance operational efficiency [5][20]. - The article highlights that the trend of reducing working hours and simplifying processes is not limited to China, as similar movements are observed in other countries, particularly in Europe and Japan, where labor regulations are becoming stricter [18][19].