Rebirth is very troublesome

Chapter 1052 Lively
After Wang Yu returned to the Magic City, the board of directors meeting was held as scheduled.

The meeting was not long because the main content was to discuss the list of the first batch of listed companies under the group.

In fact, this list was drafted last year, but this time it was included in the group's next official plan.

Guoke Video and Guoke Chinese Network, these two companies were originally decided, and there was nothing to discuss. The reason why they opened for more than two hours was mainly to discuss whether the Guoke e-commerce platform should be included in the first batch of lists.

In terms of establishment time, Guoke e-commerce platform, like Guoke Film and Television, was established as early as 2004.

Moreover, before Alibaba established Tmall, the platform took a differentiated path different from Taobao, and has developed quite rapidly in recent years.

Now, both in terms of scale and profitability, this company has the conditions to go public.

Therefore, after Guoke e-commerce platform was included in the first batch of listings, another issue that needs to be discussed arises, that is, should this company conduct a round of financing before going public?
Yes, in the early stages of the development of the Guoke e-commerce platform, it relied on Guoke Games and Wang Yu’s personal capital injection. There was no external financing. ByteDance Group took 100% control of it.

But once the decision is made to list it, at least 15% of the shares must be public, and with the equity incentives of internal executives, almost 20% of the equity will be dispersed. Since the equity has been dispersed, it will make a difference whether or not to raise funds. Opinion.

So at the board meeting, there was still a debate around this issue.

"Not to mention everyone here, there are many middle and high-level executives in the company who have followed me since the founding stage of Engine Technology. Now that the group intends to list some companies, we can't let everyone watch me, the boss, make a fortune, but they themselves can't. Lonely?"

When the argument continued, and the public said that the public was right, and the mother-in-law said that the mother-in-law was right, Wang Yu said the final word: "Equity incentives must benefit the company's middle and senior management, especially the veteran level, even if it is only the bottom cadres now, and it must be explained before financing. No matter what you say, these people are allowed to liquidate 50% of their equity, but it cannot chill people’s hearts.”

After he finished speaking, the conference room fell silent.

Wang Yu’s concept has really benefited the middle and senior management of the company. Now it is just Guoke Film and Television, Guoke Chinese Network, Guoke e-commerce platform, and there will be a series of Guoke Electronic Technology, Guoke New Energy, etc. When a company wants to go public, it will always be their turn.

Essentially, doing so benefits both of them.

The reason why there are still disputes is simply that more than half of the senior executives in this conference room have their hearts set on Wang Yu and are a bit in control.

After deciding on the most important thing, Wang Yu looked at Shen Mengyun and Song Qiuyun: "This time the three companies are listed, the board secretaries committee will lead the functional departments of the group, led by President Shen Mengyun, Wu Ziyi of Guoke Culture and Entertainment Group and Byte Yue The dynamic Zuo Changsheng has done a good job in docking work.”

Wu Ziyi did not attend this meeting because she had already gone to the United States, so only Song Mengyun, Zuo Changsheng and Song Qiuyun nodded in response.

"Lao Zuo, in addition to the listing, you also have the burden of financing."

Wang Yu said to Zuo Changsheng: "There are probably a lot of investment companies that are watching you. Spread the news and tell them that the Guoke e-commerce platform is going to raise funds."

Zuo Changsheng has many potential Internet industries in his hands. There are many venture capital companies eyeing him, and many industry leaders have contacts with him, so Wang Yu does not need to use his own connections to let him Just come.

"I will try my best to tell a good story and increase the valuation of Guoke e-commerce platform."

There are companies affiliated to ByteDance on the listing list this time, so he is naturally in a good mood.

The meeting ended just after eleven o'clock in the morning. When the meeting was over, Wang Yu knocked on the table: "Mr. Qin and Mr. Guo will come to my office later."

Following to the office on the 38th floor, Qin Shiyu and Guo Yuan sat across from Wang Yu's desk.

"Guoke Electronic Technology and Guoke New Energy are lacking in hard conditions, so the listing is not considered for the time being. You should be aware of it, right?"

Guo Yuan always had a cold temper and responded directly: "Then why did you call us over? We also know that the conditions are not met."

Qin Shiyu gently pulled Guo Yuan under the table, and then said: "Boss, did you call us here specifically for something else?" "Learn from your old boss."

Wang Yu tapped Guo Yuan with his finger, then pressed the gun to burn the cigar.

Guo Yuan looked slightly embarrassed and stopped talking.

"This time we will not arrange shares for you in the Guoke e-commerce platform."

When Wang Yu said this, although he was handling the cigar, he was observing the expressions on their faces from the corner of his eye.

Fortunately, neither Qin Shiyu nor Guo Yuan showed any dissatisfaction.

Guo Yuan even curled her lips: "Boss, just for this?"

Wang Yu smiled and shook his head. After lighting his cigar, he slowly said, "I have reserved 1% of your shares in other projects for you."

This time it was Qin Shiyu's turn to be surprised. She looked at Wang Yu and then looked at Guo Yuan.

“Remember what I said about BC station when we were discussing the listing list last year?”

“No financing yet, no listing yet!”

Both of them had good memories and instantly answered what Wang Yu said at that time.

"Do you know why?"

"do not know!"

"I don't know!"

“Because I have bigger plans for the way it’s going to grow.”

Wang Yu said while smoking a cigar: "Since 08, the group has been cooperating with Peking University to set up a project based on big data applications, and the BC station is also part of this plan, so in the past few years, although The BC station has been losing money and only made a slight profit last year. I have also asked Zuo Changsheng to cultivate it well in order to prepare for the next development plan."

Next, Wang Yu described the creation plan of the short video platform project.

"This time I went to the capital, I have decided to allocate 30% of the equity share to some key people to invest. In addition, most of the equity will be dispersed in the later financing. The rest, except for the needs of AB shares holding, I In addition to leaving a portion for myself, I also left 1% of the equity for each of you that will not be affected by financing."

"Boss, when Guoke Electronic Technology was founded, you gave 5% of the equity. In fact, Guo Yuan and I both have the same idea. We just need to develop our own business well. For other things, we really don't have any What to think about."

Qin Shiyu was a little moved after hearing this. She looked at Wang Yu and said, "There is really no need to compensate us. If I need anything else, just give me a child in the future."

"Don't take me with you!"

Guo Yuan bit her lower lip and said, "You have a bracelet on your wrist. It won't hurt your back when you stand and talk. I don't have one yet."

"There has to be a first-come, first-served basis, right?"

Qin Shiyu responded with a smile: "Wu Ziyi, who followed the boss earlier than you, hasn't even arrived yet. Why are you in a hurry? It will happen sooner or later."

(End of this chapter)