Reinventing the Millennium.

Chapter 311 The gentle force of the palace
Sina has held three shareholder meetings this year, two of which are extraordinary meetings, which is unprecedented not only for Sina, but also for other portal sites and other Internet companies.

In 2002, there was no doubt that Sina was No.1 in the Internet industry.

Even though there are Tencent, which has found value-added channels, and Baidu, which has started to engage in bidding rankings, Sina is still a representative of the Internet industry in terms of scale, brand and influence.

Now, this representative who first arrived at Nasdaq to set an example for domestic enterprises is about to hold an extraordinary general meeting of shareholders that will decide the fate of the next period of time.

This makes the media excited and the industry pays attention.

Duan Yongji unexpectedly lost on the board of directors, but everyone didn't think he could really lose much to Fang Zhuo, and all shareholders would exercise their rights.

Some media have analyzed Sina's current shareholding structure. Fang Zhuo holds 34% of the shares. Taking into account the situation of the board of directors revealed by the news, he directly affects 40%+ of the voting rights.

Although Duan Yongji held fewer shares, he has been working in Sina for many years, and his status as a business leader has been confirmed. In addition, he has two months to reconvince the board of directors, so he must have a lot of voting rights.

Not to mention that Duan Yongji still has the upper hand, the two sides are at least [-]-[-].

The unquenchable enthusiasm of public opinion was once again turbulent, and Duan Yongji also frequently contacted the small and medium shareholders he knew, intending to fight back at the EGM.

Under such a situation, Fang Zhuo did not do much. He just sorted out the six-week KPI assessment, the data of the two operators, and the revenue statement for more than a month, and then quietly contacted the directors and executives he could contact.

In the end, Fang Zhuo walked into the office of the president of Sina with the materials one day before the shareholders meeting.

Sina President Mao Daolin.

As far as the position of Sina President is concerned, there have been four feats in five years. Compared with Ding Lei to NetEase and Zhang Chaoyang to Sohu, Sina's frequent coaching changes are doomed to gradually fall behind.

Even with the social media efforts of Sina Weibo, Sina.com, the most well-known portal in China, was delisted from the privatization of the US stock market.

Mao Daolin took over or snatched the handsome seal from the founder Wang Zhidong, but the president did not escape the forced palace in the end. His prominent status on another level does not help the market value, so he is destined to be unable to stop the votes of the directors.

"President Fang, what's the matter?" Mao Daolin is in a good mood recently. The development of the Sina hotline is a great benefit for Sina, and he feels more and more that Fang Zhuo, the vice president who entered Sina through other means, is acceptable.

Fang Zhuo silently put the materials in his hands on the president's desk, and said with a smile, "Mr. Mao, take a look."

Mao Daolin took the materials and saw that this was the result of the Sina hotline since Fang Zhuo took over in July to the end of August now.

He simply flipped through the pages, looked up and praised: "Mr. Fang is indeed very capable, no wonder Yi Ke is so successful."

"Regarding the development of the Internet, I am indeed somewhat confident. Yike still has room for improvement. Of course, so does Sina." Fang Zhuo nodded slightly, and said, "Mr. Mao, you see to the end."

Mao Daolin turned to the end a little strangely, his gaze suddenly fixed.

The last page was impressively signed with a different name.

Several directors and several executives.

Mao Daolin put down the materials slowly, and a subconscious question of "what do you mean?" was suppressed in his throat. He shook his head slightly and spit out a sentence: "Why is this?"

If Duan Yongji hadn't been thrown out at the board meeting, he might have been more surprised, but now there is a strange calmness.

In the signature, there is the person I contacted last time to vote for Duan Yongji

The ridiculous thing is that there are still people who supported Duan Yongji to stay last time.

Fang Zhuo pondered and did not answer.

Mao Daolin finally had some sarcasm in his heart, and looked at Fang Zhuo: "Even if the board of directors is held, you have enough votes to dismiss me, now you want me to take the initiative to abdicate to make a good man?"

"There are so many people, Mr. Fang, you really took great pains."

Fang Zhuo nodded, then shook his head: "Mr. Mao, as the president of Sina, you will definitely stick to your own strategic plan for the company, right?"

Mao Daolin's eyes were sharp: "Do you want me to be your puppet?"

Fang Zhuo said indifferently: "So, I didn't spend much time persuading those who signed. I just showed them the same material in front of you, and told them similar things you just said."

Mao Daolin was stunned.

"You have to stick to your views on Sina, but everyone doesn't like your persistence now."

"Sina urgently needs to make profits and increase its market value. Some directors want to leave the market at a high price, and some executives want to go further."

"You won't be my puppet. It doesn't mean much to you. They think I'm more suitable for Sina now."

Fang Zhuo pointed to the material again: "So, they signed it easily."

Mao Daolin looked puzzled, is Fang Zhuo lying?
No, even the president of Sina himself is satisfied after reading the materials, let alone those people?

Regarding the revenue of Sina Hotline, it has only been announced in the board of directors since July, and only employees in the company have made their own estimates, but the revenue in August was collected by the Sina Hotline team.

In the first week of July, many employees knew that China Mobile had paid the hotline a sum of one million dollars.

Mao Daolin clearly remembered his joy for the 253 million sum.

During the three weeks in July, Sina Hotline got back 836 million share from China Mobile, while the advertising revenue in the first month of the previous quarter was 1152 million.

In such a short period of time, the Sina hotline has caught up with Sina's main advertising revenue for several years.

"Do you think this model of Sina Hotline can continue?" Mao Daolin asked as he sat firmly on his office chair.

"No." Fang Zhuo gave an answer that surprised the president of Sina, "But your current strategy on Sina will not help Sina's recovery."

Mao Daolin was slightly angry: "What do you think?"

Fang Zhuo sighed: "Could it be that you will be convinced if I tell you? After I have never talked about Sina with these directors and executives, they just saw the value brought by the hotline now."

Mao Daolin understood Fang Zhuo's meaning, these people were looking at what Fang Zhuo did, not how he said it.

With words alone, it is impossible for him to believe that Fang Zhuo can lead Sina to a better position.

He remained silent for a long time, his eyes hanging on the list.

Fang Zhuo was also patient, waiting for Mao Daolin's self-persuasion.

"It seems that the old Duan is wishful thinking tomorrow." Mao Daolin still said slowly, "Sina's ownership is about to come to an end."

"From me to the Sina hotline, the curtain has actually come to an end." Fang Zhuo heard the meaning and said affirmatively, "Mr. Mao stepped in during the turmoil of Sina last year and made Sina's financial revenue rebound. This is destined not to be forgotten. .”

Mao Daolin sighed. Fang Zhuo, who has never been in touch with him, would think he is arrogant and domineering from the "hostile takeover" and "the board of directors forcing the palace", but in fact he has a kind of bearing.

He stood up, stretched out his right hand, and blessed with grace: "I hope Sina will have a better tomorrow."

"sure."

Fang Zhuo shook hands with the former president of Sina and resolved the main issue of the meeting.

　Tomorrow three more.

　　
　
(End of this chapter)