Reinventing the Millennium.

Chapter 314 Fang Sina

"On August 8, Sina once again held an extraordinary general meeting of shareholders, this time in response to the request of Duan Yongji, the former co-chairman of Sina."

"Two months ago, a battle for control broke out in Sina, and Duan Yongji was dismissed by the board of directors. Today, he proposed two demands for the re-election of the board of directors and the dismissal of Fang Zhuo."

"However, when Sina President Mao Daolin suddenly proposed to resign, Fang Zhuo successfully persuaded the shareholders present to be elected as Sina President by virtue of his outstanding achievements after joining Sina."

"At the same time, the management represented by Fang Zhuo proposed a new list of directors, which was approved by shareholders."

"Duan Yongji's two appeals have all failed, and supporters have also been eliminated from the board of directors. It is unclear whether he will sell his shares."

"The Extraordinary General Meeting of Shareholders came to an end, and Fang Zhuo won an overall victory in the battle for control, ushering in another era for Sina."

"Our reporter tried to contact Duan Yongji, but the latter refused to answer calls from all media."

"Two months ago, no one could have imagined that he would leave Sina in this way."

"Just like last June, no one could have imagined that Wang Zhidong would be out in that way."

"With the reelection of Sina's board of directors this time, a leadership combination has been formed with Fang Zhuo as the president and Wang Yan as the CEO. It is amazing that the combined age of the two is two years younger than Duan Yongji."

"We have no way of knowing where such a young partner will lead Sina, the most famous portal in China."

"Time will tell, best wishes to Sina."

——Online report from Xinmin Evening News.

……

"On August 8, Duan Yongji, who was always good at maneuvering and capital operations, died."

"Surprisingly, he fell into the hands of a young man."

"Duan Yongji is one of the most famous entrepreneurs in Zhongguancun, but he is quite gambling-like in his bones, he is good at power, shows loyalty, has ups and downs, and has mixed reputation."

"In 1989, the Stone Group was in turmoil. Duan Yongji and Shen Guojun, who was the president at the time, fought openly and secretly. In the end, Duan Yongji became the president in 1991 and has controlled the Stone Group for 11 years."

"If it is said that Stone Group made Duan Yongji gradually proficient in tactics, then Zhongguancun Science and Technology's CDMA project is a gamble-like harvest of his capital operation."

"To this day, there are still mysteries about Duan Yongji's use of Zhongguancun technology to forcefully promote CDMA and use it as a guarantee for financing in violation of regulations, but he himself has undoubtedly reaped dazzling benefits."

"Back to the protagonist of this incident, Sina.com, the most prestigious portal website in China, was also established under the impetus of Duan Yongji, but in June last year, Duan Yongji abandoned his old partner Wang Zhidong and relied on capital alliance with Sunshine Culture to control This company is listed on the US stock market.”

"Sina.com looks no different from the Stone Group and Zhongguancun Technology that Duan Yongji used to control. What is surprising is that he has met a difficult opponent this time - Fang Zhuo from Yike Group."

"According to the information we have, Fang Zhuo has been extremely patient in weaving a deadly trap for his prey. This process lasted for half a year or even a year."

"He not only used different companies at home and abroad to confuse Duan Yongji's judgment early on, but also locked Duan Yongji's short-term equity manipulation space with the trading rules of the US stock exchange."

"Only relying on the operation of capital is not enough for Fang Zhuo to become the leader of Sina. He seems to have the skill of "returning the other's way to the other" in Jin Yong's novels. alliance."

"We have no way of knowing more about it, but the appearance of Wang Zhidong, the betrayal of his ally Wu Zheng, and the defection of his partner Jiang Fengnian all show Fang Zhuo's strategic operations."

"Perhaps, we have also forgotten a character. Sina CEO Wang Yan, who was generally considered to support Duan Yongji before, successfully became Sina's No. [-] powerful figure after this turmoil, "let the wind and waves rise, and sit firmly on the Diaoyutai."

"As soon as Sina's first extraordinary shareholders' meeting was launched, Fang Zhuo surfaced. How did he hook up with so many Sina generals in a short period of time?"

"What kind of deal do they have?"

"Perhaps, we will never know, we can only be sure:

This time, Duan Yongji suffered a crushing defeat. "

——Sohu Finance's special report on "This time, Duan Yongji suffered a crushing defeat".

……

"Hello, audience friends, this is "Cai Lang Xian Ping", and I am Lang Xianping."

"A very interesting thing happened recently. Everyone knows about Sina, right?"

"I won't go into details about this process. There have been many reports and analysis."

"Let's talk about Fang Zhuo, who has completely mastered Sina at the moment. He is already the president and director legally recognized by Sina's shareholders."

"According to my judgment, Fang Zhuo is not far from being the chairman of Sina. The current chairman Jiang Fengnian, the Taiwanese capital he represents, didn't mind closing the investment at a reasonable price."

"Sina's chairmanship does not need to go through the shareholders' meeting, just the approval of the board of directors."

"It is estimated that within half a year, we will see Fang Zhuo add the title of chairman of Sina."

"Fang Zhuo, a young man, lives up to his name. He is very outstanding and outstanding. He is so outstanding that Duan Yongji, an old fox, would abdicate for him."

"Of course, this old fox still struggled a bit in the middle and used a lot of means. For example, it was not bad in August. In July, public opinion made a lot of criticism and attacks on Fang Zhuo himself."

"There are many well-known figures in the business world, all of whom have backgrounds and extraordinary influence."

"If it were someone else, it would have to be weighed in the face of this situation, but this time it was Fang Zhuo."

"Why is Fang Zhuo special?"

"Some viewers may have heard his name, and some viewers may not know him, but they may have used his products."

"I'm not talking about his music player, I'm talking about the Guahao.com he founded when he debuted."

"Fang Zhuo's registration network didn't earn your money, but there is one thing that is well-known in a circle, that is, he faced nearly ten venture capital institutions, and he didn't even eat the meat in his mouth. Willing to vomit."

"Investment institutions, you need to know that when an entrepreneur sees an investor, it's like a mouse seeing a cat."

"But Fang Zhuo earned the money by standing upright! It's pretty amazing!"

"Audience friends may want to ask, can't investors get their money back through legal means?"

"This again involves a legal order of creditor's rights. Fang Zhuo immediately spent the investment money to buy land, and then mortgaged the land to the bank to exchange for money. The investor has no choice."

"Just this one thing can tell what kind of person Fang Zhuo is."

"Those business leaders, those senior celebrities, those criticisms, those verbal criticisms, can't scare him."

"Fang Zhuo won't let go of his mouth if he bites it. Duan Yongji's heart ached this time."

——Excerpts from the latest program of "Caijing Lang Xianping".

……

In September of Shiwei, the preface belongs to the three autumns. A remarkable event in China's Internet industry has come to an end. Sina, the top three portal websites, has a new president.

What is different from the past is that the president is also the unprecedented largest shareholder of Sina.

According to popular judgment, the controller who holds 34.52% of the shares can easily have a solid control over the company.

Therefore, with the dissemination of Sina's talk about the industry, the most straightforward title of the new president is gradually circulating in the rivers and lakes.

——Fang Sina.

Equally famous are Zhang Sohu, Ding NetEase, and Ma Penguin, representatives of China's Internet industry.

This year, Fang Sina was 25 years old, Ma Penguin was 31 years old, Ding Netease was 31 years old, and Zhang Sohu was 38 years old.

　I'm too busy on Monday, so I'll continue the code meeting, and I'll post two chapters tomorrow morning.

　　
　
(End of this chapter)