Ancient Branding Secrets of The Shaolin Temple
Bloomberg Businessweek|December 28, 2015 - January 10, 2016

Shi Yongxin built a tiny monastery into a global brand. Then karma caught up to him.

Christopher Beam
Ancient Branding Secrets of The Shaolin Temple

His Holiness the Venerable Abbot Shi Yongxin would deliver the money himself. Five thousand miles from the Shaolin Temple, the ancient Buddhist monastery and wellspring of kung fu that he oversees in the mountains of central China, a city council in Australia had approved his purchase of some land. Attuned to the power of symbolic gestures, Yongxin wanted to seal the deal in person, so in February the cherubic, saffron- robed abbot journeyed from Henan province to Shoalhaven, New South Wales, and handed the mayor a check for $3 million. Yongxin smiled and pressed his hands together, as if in prayer. “It is destiny,” he said.

Yongxin had negotiated for the property for nearly a decade. He wanted to build a complex there called Shaolin Village, where Australians and international tourists could learn about Chan Buddhism and the temple’s famed warrior monks. But to think of Shaolin Village as a temple would be like calling Versailles a house. In addition to a monastery and kung fu academy, the development Yongxin envisioned included a four-star hotel with 500 beds, residential villas, and a 27-hole golf course, at a cost of more than $270 million.

Yongxin, in his 16 years as head of the Shaolin Temple, had presided over many business ventures and was known across China and the world as the “CEO monk.” Since taking his vows of piety in the early 1980s, he had transformed the Shaolin Temple—a picturesque compound of prayer halls, tree-dabbled courtyards, and Buddhist shrines set against a lush mountainside—from a poor and relatively unknown outpost into a global brand. He became a symbol of the successful intersection of church, state, and commerce in China, a kind of anti-Dalai Lama who enjoys political favor as well as spiritual status.

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