Reinventing the Millennium.

Chapter 313 Sina Has Changed Her Surname to Fang (Two in One)

"President Duan, please sit down, we already know your request."

"Regardless of the position of the board of directors or Mr. Fang, this is a very important matter for Sina, and we must be cautious."

Chairman Jiang Fengnian spoke in a calm tone about the unsurprising request he heard from Duan Yongji.

No surprises.

It was just a repeat of the last extraordinary shareholders meeting.

Jiang Fengnian said: "About these two requirements, I think..."

Duan Yongji, who had just sat down, became more and more wrong as he thought about it, and said loudly: "I want to start voting now, how can someone like Fang Zhuo sit on it!"

"There must be a process for the discussion, Mr. Duan, we are going to solve the problem today." Jiang Fengnian said displeased, "Of course this meeting today is because of your request, but we are targeting all shareholders."

Duan Yongji wanted to refute, but Wang Yan also opened his mouth.

"Mr. Duan, there must be a process for the shareholder meeting, so don't be impatient." The young CEO of Sina persuaded.

Duan Yongji stared at Wang Yan, who did not avoid his eyes.

At this time, another executive who was biased towards Duan Yongji said: "The shareholder meeting is not justified by whoever has a loud voice, we have to follow the process."

Duan Yongji turned his head to look at Fang Zhuo who had been silent all this time.

Fang Zhuo shrugged innocently, looking at what he was looking at, and he didn't speak. You should listen to the voice of the crowd.

"About Fang Zhuo's position, this is a major issue at today's shareholders' meeting, and it has to be decided now!" Yan Yuanchao, the director of the Duan Department, expressed his support, and his voice was also very high.

Chairman Jiang Fengnian refused: "No, before that, there is another major event that needs to be announced to all shareholders."

Yan Yuanchao was puzzled.

Duan Yongji also motioned to hear what the big deal was.

Sina President Mao Daolin picked up the microphone and said succinctly: "Considering the development of Sina and also because of personal factors, I will resign as Sina President and nominate Sina Vice President Fang Zhuo to lead Sina to move forward."

The conference hall was in an uproar!
This is really a big deal!
What deal has been reached within Sina? !

Mao Daolin did not stop talking because of the noise, and calmly stated the reason: "Whether it is Yike or Sina Hotline, Fang Zhuo has shown strong business ability and keen business vision. I think he is an excellent successor to lead Sina. "

is the heir.

It's overly stable.

But why?

A reporter couldn't help asking everyone's questions without permission: "Mr. Mao, what deal did you reach with Fang Zhuo? Did Fang Zhuo agree to a purchase price higher than the market price?"

As the first person speaks out, more doubts follow.

Two months is not a long time, but it is not a short time. According to media reports, Sina is still a battle for control, and Fang Zhuo is still Yike and MIGA. There is almost no report on the booming new business of Sina Hotline.

Now that I suddenly heard the reason of the president of Sina, I was not surprised or doubted.

Is a company as big as Sina really handed over to a young man like this?

Voices of doubt and discussion filled the conference hall.

Fang Zhuo picked up the microphone and cleared his throat, but he couldn't stop the noise.

He didn't care, and signaled his employees to put the projection PPT behind the rostrum so that everyone could see it clearly.

The uproar gradually subsided.

"It's a great honor to be recommended by Mr. Mao. Everyone knows that Mr. Mao was more involved in investment work before. He took over the turbulent Sina this year. He has worked hard and tried his best."

"Mr. Mao will not leave Sina. He is still a member of Sina's board of directors and will still contribute to Sina."

Fang Zhuo faced complicated gazes from all directions, and said with a smile: "Of course, all of these require the vote of today's shareholders."

"I heard everyone's questions just now, and I also heard the request of Mr. Duan, a shareholder of Sina."

"Mr. Duan thinks that I am not suitable for Sina, and believes that the current board of directors also hinders the development of Sina."

"Whether it's for Mr. Duan or the shareholders here today, I think everyone should focus on the specific business conditions of our Sina."

He shrugged easily: "Instead of tandem, acquisition, dismissal, I know the media likes to listen to conspiracy theories and other small tricks, but shareholders have to consider the interests of the company instead of being obsessed with these."

Duan Yongji was accused of being scolded by Sang Huai, so he couldn't help but confronted: "Fang Zhuo, how can you say such a thing?"

"Who made the hostile takeover of Sina?"

"Who is in series with the board of directors to propose removal?"

"are you human?"

The former co-chairman of Sina cried blood, half-truth and half-false arouse the emotions of shareholders present, and strive to win more votes in the next voting session.

Duan Yongji has already contacted a considerable number of shareholders, but some are hesitant. After all, Fang Zhuo is already the largest shareholder of Sina.

To talk about demeanor or not to talk about demeanor, these are means to achieve the goal, as long as it is easy to use.

Sure enough, the nearly sixty-year-old business tycoon was forced to hold an extraordinary shareholders' meeting to complain face-to-face. This scene touched many people.

In particular, he was beaten and hospitalized before.

Fang Zhuo is really inhuman!

"Mr. Duan, don't get excited. Pay attention to your body." Fang Zhuo on the stage cared about the old seniors in the audience. Life is dark.

Duan Yongji scolded angrily: "Fang Zhuo, don't be hypocritical! Sina is not your family's place, and you can do whatever you want!"

"Sina is everyone's Sina, and our shareholders of Sina must exercise our legal rights!"

Fang Zhuo nodded again and again, following the old senior's words, and said: "Yes, yes, this is everyone's legal right, but although this quarter is not over yet, our board of directors and management agree that we should introduce our company to all shareholders. Business progress."

Without waiting for Duan Yongji's response, he pressed the PPT on the notebook he handed over.

A page of performance summary of Sina Hotline was projected on a big screen.

Duan Yongji's heart sank when he saw the first number, which was not consistent with the news he got. The business of Sina Hotline has been expanded, but why is it developed like this?

"Look, everyone, this is the Sina hotline that I came to Sina to be in charge of."

"The business revenue in the month before taking over was 84 Huaxia coins."

"The first week I took over the Sina hotline was 253 million."

"Look at the comparison of this picture, hey, make one less picture."

Holding the microphone, Fang Zhuo calculated in public: "The previous 84 divided by 4 is 21 per week, and now it is 253 million per week, that is... um, how many times?"

The vice president of Sina's arithmetic level is not good, and he has not said it for a long time.

Some quick mental calculations in the audience have already come up with a shocking number, 12 times!
Half a minute, a full half a minute, Fang Zhuo calculated for half a minute, and said the answer: "The revenue of the first week of July is 12 times that of the week of last month!"

There was a "buzzing" discussion in the audience.

What is Te Niang's concept of 12 times the same business?
Fang Zhuo and others continued to talk after the discussion became quieter: "We did it for three weeks in July, and the revenue for the three weeks was 836 million."

The comparison chart this time has not been forgotten. Everyone in the conference hall has intuitively seen the revenue comparison of Sina's different businesses.

Sina Hotline's wireless revenue is almost equal to Sina's advertising revenue!

"Maybe it's not easy to compare the revenue of three weeks, but this month will be fine."

Fang Zhuo deliberately kept the revenue in August more confidential, and notified some directors and executives in only two days.

In August, China Mobile's share was 1429 million, and China Unicom's share for nearly two weeks was 357 million, a total of 1786 million Huaxia currency.

Sina's advertising revenue in August was 1320 million.

The revenue of Sina Hotline is 1.35 times that of Sina Advertisement!
The latter is the revenue business that Sina has hoped for since its establishment!Now it is defeated by the former who has been doing it for more than a month!

Fang Zhuo likes the intuitive comparison of the PPT, which allows people who are not good at arithmetic to clearly know the gap between the two sides, and can see the vigorous development behind it just by the rising lines.

More enthusiastic discussions from shareholders in the conference hall rang out.

Duan Yongji stared at the numbers on the curtain, suspecting that they were fake!

Couldn't someone with the surname Fang do such a thing?

"Our Sina hotline is worth a lot of money now, and we can collect hundreds of thousands a day, so today's meeting is estimated to be less." Fang Zhuo joked, and said lightly, "I wonder why Sina didn't pay attention to this before. A piece of business development.”

"Sina has excellent content, the fastest news, and the most influential brand in the country, but even if we try to catch up for more than a month, we are still behind our competitors in the wireless value-added market."

"This misjudgment..."

Fang Zhuo looked at Duan Yongji, who was in the audience, but he said, "I won't mention this kind of misjudgment in the past. What Sina has to do now is to move forward and build its own competitiveness."

The vice president of Sina scanned the entire conference hall and announced: "Based on the current situation, our board of directors and management believe that Sina is likely to turn losses into profits in the third quarter."

"This is a big plus for our stock price on Nasdaq in the US."

"As the founder of MIGA Fund, I can tell you responsibly that the shadow of the Internet bubble in the US market is gradually fading, and Sina's turnaround at this time is of great significance."

Fang Zhuo said affectionately: "Sina is the first portal website listed in the United States. It has experienced many shocks in the past year. I hope that Sina will become the first company to lead the recovery of domestic Internet market value in the coming time. "

Full of affection!

Sincere and sincere!

Outstanding performance!

Fang Zhuo is not a human being, he is an angel who saves Sina!
Some people applauded hesitantly, but more people were still immersed in the shock of the performance.

What?Sina is actually going to make a profit?

The sporadic applause was harsh.

Fang Zhuo's voice continued to sound at the right time: "Our board of directors and management still have a package of ideas about Sina, about business expansion, and about future strategies."

"The Sina hotline is the beginning of Sina's profitability, but it is not just the beginning. I have the confidence to lead Sina forward. This is the trust of the board of directors, the trust of the management, and the trust of Jiang and Mao. trust."

Fang Zhuo raised his voice as if giving an appointment speech: "I have the confidence to lead Sina back to the issue price, and I am confident to get back 90.00% of the market value we lost."

He clicked on the notebook and released the last list.

"For this goal, and for the development of Sina, Sina must no longer have high-level executives who are holding back. Before voting on Mr. Duan's proposal, we all agree that we must first vote on this list of directors."

"Of course, after voting on this list of directors, Mr. Duan's first proposal will be over, and then I can vote on my personal position."

The list of the board of directors has changed from the nine newly added seats this year to the previous seven seats.

In addition to the exit of Duan Yongji and Yan Yuanchao, Fang Zhuo also entered the board of directors in place of a director from the Duan family.

Seven seats only require the consent of four people to pass a resolution. Fang Zhuo himself firmly controls three seats, Wang Yan has a good cooperation, and Wu Zheng has a promise to acquire shares.

In addition, Mao Daolin, who retains his directorship but has a divorce, and Jiang Fengnian, who is quite neutral.

It can be said that once this list is passed, it means that Fang Zhuo has firmly controlled the board of directors of Sina and will completely determine the direction of Sina's progress.

Duan Yongji tightly pursed his lips, his expression ugly.

The shareholder supporter next to him said in a low voice: "Mr. Duan, Mr. Duan, what should we do? What should we do?"

How to do?How to do?
What else can I do?
Those surnamed Fang don't play tricks, they play crushing!

Duan Yongji's news is completely distorted. He has some Sina Hotline's July performance forecast, which is more than two times worse than the real situation!

In addition, judging from the normal judgment, how can a stranger enter a new company and start a business so quickly!
Not in line with common sense!
Voting begins.

Duan Yongji didn't move for a long time, he saw the counting of votes on the big screen beating, and he saw the notary staff in the notary office.

34%.

47%.

56%.

68%.

The name of the first director to vote was Fang Zhuo, and it easily surpassed half of the votes. This is because the hardcore Duan didn't come forward to vote.

Duan Yongji shook his head slightly.

It doesn't make sense anymore.

When Fang Zhuo used the income from the wireless business to draw a big picture of Sina's return to the peak of market value, today's extraordinary general meeting of shareholders is over.

Why invest in Fangzhuo?

Because they really hold Sina shares in their hands!

Duan Yongji got up and took a deep look at Fang Zhuo.

Fang Zhuo was paying attention to the movements in the conference hall, and looked condescendingly at Duan Yongji.

No words were spoken between the two.

Duan Yongji suffered a crushing defeat today, not only that, but he suddenly doubted the Sina strategy he had previously influenced. Could it be that the way the Internet is played is really for young people?

He silently turned around and led people out of the table.

Whether or not he was voted at today's shareholders meeting will not affect the result.

Fang Zhuo was still condescending, looking at the distant figure.

Sina has been a family since then, and it has been named Fang from today!

……

On August 8, Sina held its third general meeting of shareholders this year and reported the company's latest performance.

Sina editor-in-chief Xu Changlun participated in the whole meeting and witnessed the alternation of old and new powers. In the evening, he wrote a report with enthusiasm:
"All the staff of Sina warmly welcome Mr. Fang Zhuo being elected as the president of Sina!"

He finished admiring his article with a lot of enthusiasm, and wrote the second article in one breath:

"President Fang Zhuo, an outstanding entrepreneur, will paint a beautiful vision for Sina today!"

　Ming San.

　　
　
(End of this chapter)