0876 CHINA's CHENXING GROUP
On the eve of the NASDAQ stock market crash, due to Song Chen's large amount of cashing out at the high level of the market value bubble, the equity of the three major listed companies held by Hong Kong Chenxing has fallen below 20%, although it is still higher than the second largest shareholder of SoftBank of Japan or other investors, but for the listed companies that have not set up a double-tier stock structure [Note: the so-called different rights of the same shares, different votes for the same shares], once they encounter a hostile takeover, they will become very passive.
After the NASDAQ stock market crash, a large number of investment institutions could not support the evaporation of the ruined market value, and sold a large number of Chenxing stocks in order to protect themselves, and the three listed companies of Chenxing, which were "forced" by the pressure of bailing out the market, had to spend a total of more than one billion US dollars in cash to buy back shares to boost shareholder confidence, and secretly, Song Chen used offshore companies registered in tax havens to buy the bottom of the market at a very low price.
The NASDAQ stock market crash is coming to an end, and the Song family once again controlled the three major listed companies of the Chen Galaxy with an advantage ratio of more than 50% or even higher, compared with the cash-out price of tens of hundreds of dollars at the end of 99 and the beginning of 2000, the price of cabbage of less than ten dollars or even five or six dollars at the time of the bottom allowed Song Chen to regain control of the overall situation at a very high price - of course, objectively, Song Chen, together with the listed company's own capital, saved the confidence of investors at that time.
These shares are scattered in more than a dozen or twenty private equity funds registered in tax havens, these funds not only hold the shares of the United States Chenxing, but also hold the equity of China's Chenxing Group, which is the capital operation platform for Song Chen to secretly manipulate the Chenxing Group - of course, including the Huasong Fund, a private equity fund that has been put on the surface!
This is Chenxing Company that has been listed, and there are more important non-listed companies in Song Chen's hands, not to mention Biquge www.biquge.info, Alipay, and PayPal with unique business models, just almost monopolizing the Chinese online game market, Chenxing Entertainment, which is making money every day, is enough to make people salivate; In addition, such as Baidu, which monopolizes the search market, the originator of China's online recruitment, and Chenxing, China's largest logistics company. Chenxing Software, one of the top five software companies in the industry, Chenxing Culture Group, which is integrated through the merger and acquisition of Guò Capital, and Chenxing Technology, the most popular upstart brand in the world......
These Internet companies with unlimited prospects in the eyes of many venture funds have been in the hands of Song Chen, such as Baidu, Future, etc., have carried out Series A financing, but there is no news in Series B; Some don't even raise funds at all, such as Chenxing Technology; And many of these companies were founded in '98 or '99, and there was only one stock incentive policy before the NASDAQ crash, and some of them didn't have this plan at all!
As soon as the stock market crash came, although there were no layoffs, salary cuts and benefits reductions became the norm. The equity incentive was completely shelved, and Song Chen's name of "stinginess" came from this, and it spread far and wide.
Now, Song Chen's statement is not only in line with the general trend, but also has the intention of inviting people to buy people's hearts at this critical point in time.
……
This meeting, which was concerned both inside and outside the company, lasted six hours from morning to afternoon, and was the longest single meeting since the establishment of Chenxing Group.
By the end of the meeting, the senior managers were already rumbling with hunger, and it was time for public opinion. The Chenxing employees who paid attention to the meeting were surprised to find that the boss's expression was not dignified, but with a relaxed smile, they walked out of the conference room with each other's laughter. It seems that the PR crisis outside the company is not at all taken to heart.
What they didn't know was that Song Chen had another explanation for this matter, and after the meeting, he called Yao Hua and Jiang Zheng separately to the chairman's office that was previously exclusive to him and was now handed over to Wang Xiaoxue.
After Wang Qian carefully sent a pot of tea, Wang Xiaoxue instructed: "Ah Qian." Call the catering department to prepare a quarter lunch! ”
"Okay!"
After Wang Qian went out, Song Chen said to Yao Hua, who was sitting opposite him: "Call you here, you must have counted it in your hearts!" ”
Jiang Zheng and Yao Hua glanced at each other. The former asked, "Is it about the crisis PR after you immigrated?" ”
Song Chen nodded and muttered, "In this matter, you should make some moves!" Not only because of my identity, but also because this itself is a sensational topic, it belongs to the economy, it is also science and technology news, and even entertainment content, the intervention of the QQ portal and the manipulation of public opinion will not cause the intervention of the regulatory authorities! ”
Portals aggregate a large amount of content, but most of the content sources rely on traditional media, except for a few topics such as entertainment and sports, they cannot collect content related to current affairs, military, economy, etc., especially sensitive news, which is more likely to attract the crackdown of regulatory authorities.
If the person in charge is a little lax or delayed, the relevant departments will even choose to draw salaries from the bottom of the kettle and directly cut off the lifeline of the website's survival - the server and network cable. [Note: The pioneer of China's microblogging is a typical tragedy.] 】
Yao Hua said: "Zhang Dayu, the manager of the online media department, is in charge of this matter, but because the party is you, we have not been able to grasp the 'degree' in this, and most of the current articles are reprinted on other websites and media!" ”
Although the name Zhang Dayu is ordinary, for some people who pay attention to Song Chen's family history, this person can be regarded as a familiar face. He, Xu Xiaoying, Qiu Lin, Zhang Dayu, Wang Haibin, He Chang, Wen Kejian, Liang Qicheng and more than a dozen other Dongou college students are the earliest team members of China Computer System Company, the predecessor of Chenxing Group, and are the company's veterans, a few months earlier than Yao Hua, Ruan Likai, and Zhu Tiejun.
Back then, if it weren't for the fact that these students hadn't graduated at that time, and they didn't have the courage to drop out of school and work hard with Song Chen, otherwise these people would at least be in charge of business like Ruan Likai now.
Even so, by virtue of their seniority, most of them are now middle-level managers or senior employees of China Chenxing Group, who are often the recipients of stock awards.
"Zhang Dayu...... What an old acquaintance! Due to the delegation of most of the power to professional managers, Song Chen has rarely had direct contact with these old subordinates now, and when he heard the familiar name, Song Chen couldn't help but smile, "The so-called 'degree', as long as it is not malicious slander, can be played freely!" However, since I called you here, I obviously want to take a stand! ”
"Yes!" Yao Hua nodded.
"Of course, having a position is not for the department to cheer me on, because it is easy to get burned. Rather, it selectively guides public opinion. Song Chen sighed for a moment and said, "The reason why I spun off Chenxing Group into two independent business entities between China and the United States is that in addition to avoiding China's policy landmines, there is no mentality of compensation!" ”
His words made Wang Xiaoxue, who was sitting next to her, roll her eyes, Song Chen didn't notice it, but Yao Hua and Jiang Zheng, who were sitting opposite her, noticed it, but after all, they were people who had seen big scenes, and the city was deep, so of course they wouldn't laugh.
Even so. Like Wang Xiaoxue, a trace of disapproval flashed in their eyes.
Song Chen didn't notice the expressions of the three of them, and even if he did, he didn't want to explain anything, he said slowly: "Now although China Chenxing Group is holding the cash cow of Chenxing Entertainment, it is still in a sub-healthy state of losing money every year after the merger of financial documents, and the huge annual bank interest and the net loss of the subsidiary offset the profit of the subsidiary that has already made a profit. Even so, I have no doubt that China Chenxing Group will reach tens of billions of yuan in annual profits in five years. In such an optimistic outlook, I can allow most of the profits generated by China Chenxing Group to remain in China. ”
looked directly at Yao and Jiang, especially the latter. Song Chen said meaningfully: "And you can promise that three-quarters of the annual profits of China Chenxing Group will be used for the investment and redevelopment of China's business group." You can draw up a profit distribution plan for the redevelopment plan of listed and non-listed companies, and improve the remuneration and benefits of employees. Of course. It also includes independent expenditures for charitable projects, in addition to the medical and educational programs that I have planned, the group can set up a separate charitable fund, and use 1% of the group's annual profits to give back to the society! The remainder will be handed over to Huasong Fund in the form of dividends. ”
Three-quarters of the profit? Compared to foreign capital that draws blood on the mainland. That's a lot! Jiang Zheng could even understand Song Chen's eyes, and he knew that Song Chen's words were also a statement to the Zhao and Jiang families who supported him, and he had Song Chen's promise. At least they have a reason to fight back in the face of attacks from their political opponents!
In fact, if Song Chen can really keep his promise, and China Chenxing Group will make a large-scale profit after five years, then China Chenxing Group can really be said to be a "conscientious enterprise" in foreign capital.
Compared with the jubilant Yao and Jiang, Wang Xiaoxue frowned slightly and asked, "A separate charitable fund?" Our Chenxing company will spend a number of money to the official charity fund every year, this is not a sudden disaster, if you invest more, even if it is calculated at 100 million yuan, so many companies together is a lot of investment, don't you don't believe in the integrity of the official charity fund? ”
"Of course I don't believe it!" Thinking of Guo Moumou, Song Chen sneered, "It's one thing to set up a charitable fund, it's another thing to invest in it, you have to seize the initiative in your own hands!" The charitable funds disbursed by the subsidiaries can be handed over to the charitable funds in the group, and the group will deal with the relevant institutions in a unified manner. ”
Song Chen continued to mutter: "After the group withdraws the public relations department, this charity fund will be handed over to the group's financial department, and a capable team can be set up separately!" I have a plan to combine philanthropy with company culture, and I'll be drawing up a plan to talk to you about in the future! ”
Wang Xiaoxue, Jiang Zheng and Yao Hua nodded yes.
Song Chen said to Jiang Zheng again: "Is your website ready to go online?" ”
Jiang Zheng said: "It is currently being tested on a small scale, because the source code of the website can be used immediately from Twitter, the localization and server have been configured, and it is ready to go online!" ”
Song Chen smiled and said: "Since it is the right time, I will use this platform to make some noise, and I can't let anyone say that I am escaping!" ”
Thinking of the sensation and attention caused by Song Chen's post on Twitter, Jiang Zheng sighed in his heart that the young man in front of him was good at taking advantage of new things, and said with great joy: "This is the best, the new website can use this matter to make a name for itself!" ”
"What's the name of the new website?" Wang Xiaoxue asked.
"Since the characteristics of new media are very similar to blogs, how about calling them new blogs? Chenxing Xinbo! Jiang Zheng obviously thought about it, and his previously calm face couldn't hide his excitement.
Wang Xiaoxue and Yao Hua nodded, thinking that this name was okay. Jiang Zheng looked at Song Chen, but saw that the latter groaned slightly, and then shook his head.
"Nope! Weibo! It's called Chenxing Weibo, a one-sentence blog! (To be continued......)