Reinventing the Millennium

The dinner atmosphere for Yi Ke Fangzhuo and Sina Wang Yan was very relaxed.

Unlike Fang Zhuo, who has a grassroots background, Wang Yan comes from a scholarly family.

His grandfather was an outstanding scientist, the founder of domestic hydroacoustic industry, an academician of the Chinese Academy of Sciences, and the first director of the Institute of Acoustics of the Academy of Sciences.

His eldest grandfather was a famous biologist who served as the president of Xiamen University, and his third grandfather was also an academician of the Academy of Sciences and one of the main founders of domestic nuclear chemistry and chemical industry.

His grandmother is a singer, a vocal educator, and a professor at the Huaxia Conservatory of Music.

His father was one of the first diplomats stationed in France and a recipient of the French Chevalier Légion d'Honneur.

In addition, there are people in the family who are engaged in drama, composition, mathematics, lawyers, and trade.

As for himself, he graduated from the University of Paris and lived in France for six years. His knowledge and conversation are top-notch.

Fang Zhuo didn't know this at first, but he heard Wang Yan talk about red wine in detail. After careful questioning, he learned that his grandfather had dipped chopsticks in red wine since he was a child. He also learned that there were Qian Xuesen, Qian Sanqiang, and Guo Yonghuai in the building where he lived when he was a child. , Yang Jiachi...

The more they chatted, the more confused they became. When the confusion reached its peak, I found out that the ancestral home of the person in front of me was Anqing, Anqing Province. Suddenly, there was a self-deprecation that everyone's ancestral home was not far away and not too far away. I was no longer moved by the illustrious family background.

On the contrary, thinking about it this way, Fang Zhuo felt that people from such a family would not blindly follow Duan Yongji, the major shareholder of Sina Company.

"Mr. Fang, I actually admire your ability to build the registration network from scratch. It is very scalable. I think the Internet can also get involved in more medical fields."

"Unfortunately, it is really not easy to find profit points at this stage, and the changes in industry policies are really frustrating."

Wang Yan sipped her red wine and chatted about Fang Zhuo's registration website.

"Guahao.com can wait a little longer. It will be a brand that is deeply rooted in the hearts of the people. Our promotion in East China is very comprehensive and in-depth." Fang Zhuo said with a smile, "The computer textbooks in East China include how to use Guahao.com. In the short term, You can’t see it immediately, but it will be effective in the medium to long term.”

He continued: "As for teaching materials, we are also working hard to use them on a wider scale. If possible, Guahao.com's goal is to become a national brand website."

Wang Yan thought for a while, this is quite the ambition of growing trees in ten years and cultivating people in a hundred years: "What about the funds to keep it alive? How can it make a profit?"

"The Internet always costs money. I believe Mr. Wang should understand this." Fang Zhuo said, "Does Mr. Wang think Amazon will appear in China?"

Wang Yan nodded: "Sooner or later, it will happen. E-commerce is one of the development directions of the Internet."

"Then, the reason for the survival of Guohao.com is that it has the potential to become China's medical Amazon." Fang Zhuo smiled slightly, "We are currently doing warehousing in Mayong, Guangdong Province, and we are also looking for suitable factories in Kunshan in the Yangtze River Delta. When it comes to leasing, logistics and express delivery services in the Yangtze River Delta are the most mature in the country.”

Wang Yan sounded a little unbelievable: "Have you never heard such news in the industry?"

"In the industry and the media, everyone always pays attention to things that can be messed up. Of course, people like Guahao.com who have been sentenced to death are not interested in knowing about it. It's normal." Fang Zhuo said with a smile, "However, this will indeed affect investors' understanding of the situation. The good thing about the confidence in the website is that we took the investment first and lost the confidence later.”

Wang Yan: "..."

He sighed from one point to another: "Mr. Fang really wants to be the best in the vertical field. The accounting network we talked about yesterday on the show is also in the vertical field. Sometimes, I think Sina just lacks a little bit of this meaning."

When Wang Yangang said this, he suddenly remembered the question he had when he logged in to Guahao.com a few days ago: "Mr. Fang, why doesn't Guahao.com put ads? This is also a major source of profit."

"Didn't I mention it just now? We have received investment, so let's spend it first. If we really can't sustain it, we will consider advertising. I think advertising will hurt the brand value of Guahao.com." Fang Zhuo shrugged, "Besides, besides me, As mentioned above, Guahao.com is now doing offline system business in Lin'an, and maybe we can provide feedback."

Wang Yan was silent. Compared with Sina's desperate efforts to develop advertising business, they are more ambitious than listed companies.

Fang Zhuo seemed to know what the CEO was thinking, and said: "Guahao.com is different from a website with media attributes like Sina. The advertising business needs to be cautious. The shareholders have long been disappointed with me, and I don't need to think too much about them, so Don’t be anxious for temporary gain.”

Wang Yan laughed. Such a reverse balance is really rare in enterprises.

After Fang Zhuo finished talking about his own affairs, he added: "Sina's recent actions make me feel very panicked. I want to stretch my left fist, but I kicked out my right foot. I heard a while ago that I also want to do overseas business?"

Wang Yan was a little helpless. This was the decision made by Mao Daolin, the current president of Sina, but he took it back after a series of struggles. This process was very internal.

Fang Zhuo observed the situation, poured himself half a glass of wine, and then quoted a poem to ridicule: "In ancient times, there were clear monarchs, but today they are not lacking in maturity."

Wang Yan laughed loudly, understood the allusion, and thought that Mr. Fang was really interesting, so he used an allusion: "Fortunately, Mr. Fang did not say, 'The only heroes in the world are Mr. Wang and Zhuo'er.'"

He clinked the wine glasses and asked, "Mr. Fang bought Sina's shares at this time just to wait for Haiyanhe to clear up in the future. Can he make a lot of money this way?"

Fang Zhuo grumbled, drank half the glass of wine in one gulp without any red wine etiquette, nodded and said, "That's not the case."

Wang Yan said with a smile: "Sina's stock will rise. I firmly believe this."

Fang Zhuo nodded in agreement.

That night was all about chatting, and we only talked about a few words about Yike Investment’s purchase of 3% shares from the major shareholder Duan Yongji.

——"The shares held by Duan's head office will be processed in the next two days. I have the number of his company here and will send it to Mr. Fang later."

--"good."

The intention is confirmed, the procedures are connected, the money is stamped, and the documents are signed.

According to the current market value of Sina, the 3% shares that Duan Yongji is willing to sell to "improve his life" are worth 10.32 million Chinese dollars. This money uses the funds that Fang Zhuo pledged from the bank with Yike shares.

However, successfully buying the shares in the hands of a major shareholder and thus locking in his operating space is only the first step. Fang Zhuo did not mention the topic of board seats all night.

At present, after Yike Investment obtains 3% of the shares, it only has the bottom line of holding proposed seats, and more room for maneuver is needed regarding board seats.

After the relaxing and enjoyable dinner, Fang Zhuo returned to the hotel and took out his cell phone and entered a record text message on it to keep.

——On March 22, 2002, Yike Investment was about to hold 3% of Sina's shares, and the authority to change the shares of the major shareholder was around September 22, 2002.

He thought for a moment and added another one.

——On the evening of March 22, 2002, Sina CEO Wang Yan and I discussed Haiyan Heqing after Qingjun, and both parties happily reached a consensus.

The transfer of 3% of the equity by Sina's major shareholder is just a small step, but the acquisition of Sina is a big step.

That evening, Fang Zhuo contacted people from Duan Yongji's company and discussed the procedures for the equity transfer. Because 3% did not reach the quota for U.S. listed companies, the procedures were not complicated.

So, we made an appointment to handle it in Shanghai in two days.

In the early hours of the morning, Fang Zhuoshu was not sleepy. Apart from the slightest joy that he was about to get the equity, he was mainly thinking about how to open his mouth for this board seat.

Although I have been relatively close to Wang Yan, who has a prominent family background, and the two of them have been chatting quite speculatively recently, it is difficult for a person who has no business dealings with Sina to become a non-executive director of a listed company, even if he wants to be a non-executive director of a listed company.

If this kind of cut-in involving the voting rights of the board of directors is not perfect or barely perfect enough, will Sina have any doubts?

Fang Zhuo had to think more.

Today, most of the reasons given to an excited player during the day were told to the CEO of Sina. Today, Sina's market value is only about 40 million U.S. dollars, equivalent to just over 300 million Chinese dollars.

Yike's annual sales have reached 200 million. Even if the status of the two parties is not the same, at least they can have a chat.

Of course, Sina's market value is at a special moment due to the Internet bubble that has spread across the world. Many people believe that its value is more than this, but not everyone can stick to it.

Just like Duan Yongji, the current major shareholder, Fang Zhuo doesn't know if he has more important things to do with his 3% transfer of shares, but from his own perspective, this operation is undoubtedly impulsive and full of Self-doubting.

At one o'clock in the morning, Fang Zhuo still didn't sleep, but his cell phone unexpectedly received a call from Yu Hong in New York.

"Hey, Mr. Fang, haven't you bought a ticket to New York yet?" Yu Hong's voice was quite clear at night.

"No, I'm in the capital. I'll go back to Shanghai tomorrow afternoon to take care of things. It's the end of the month." Fang Zhuo's voice was energetic.

Yu Hong smiled: "Although it's very late in the country, I guessed that you haven't slept yet."

"Congratulations, you guessed it correctly. How are the lawsuits and countersuits?" Fang Zhuo asked.

"The results are not so fast. I think both sides seem to be quite confident. The RIAA's attitude is very tough, and Cadwalader Law Firm is also very optimistic. Putting aside my initial worries, I am now confused as to which side is more confident." Yu Hong said.

She paused and then said, "An employee asked me to resign today."

"I want to call you abroad when I want to resign?" Fang Zhuo thought he was a domestic employee.

Yu Hong said: "No, it was Chen Hairen who came to the United States in the second batch. He returned to New York from Houston very seriously and found me, and submitted his resignation in person."

Fang Zhuo pondered: "What's the reason?"

"Because we were sued by the Americans." Yu Hong said angrily and funny.

Fang Zhuo was surprised: "Is it just because of this?"

"I was also surprised. We communicated repeatedly, but he just felt that Yi Ke was like a demon and pounced on the RIAA, seriously infringing on the other party's rights." Yu Hong said angrily, "I said, the lawsuit has not been settled yet, infringement The court has the final say on non-infringement.”

The marketing director asked: "What do you think he said?"

"You think we have a high chance of losing the case?" Fang Zhuo guessed.

"He said, if there was no violation, would they sue?" Yu Hong said.

"..."

Fang Zhuo was speechless for a long time, and then asked after a while: "Isn't this Chen Hairen the first person to work with us on the registration network? Was he recruited by the company?"

"Well, I was recruited by the company and my English is very good." Yu Hong replied.

"This gives me some comfort. Well, things like Mu Qiang are normal. Taking Qiang as a matter of course is right. This logic can also be thought of. Yike must be unlucky." Fang Zhuo came back to his senses and thought Very open.

Yu Hong said unexpectedly: "Aren't you too angry? I was so angry at that time!"

"We are underachievers in the world. We have just joined the WTO. The GDP of the United States is nearly eight times that of ours. Everything still needs to be worked hard, including everyone's understanding of litigation, overseas markets, and the world needs to be sharpened and improved. "Fang Zhuo's emotion was so sudden and true.

"Yike's Chen Hairen decided that his company had made a mistake when he heard about the lawsuit. He is just a microcosm of this era."

"Whether he resigned out of so-called justice or out of fear that the company would be sued, he was the one who suffered the biggest loss. What's there to be angry about? It's just ridiculous."

Looking forward more than ten years later, China is now a young but dynamic economy. It is working hard to learn international rules, until these rules tear off the veil it has been flaunting.

"Okay." Yu Hong was a little uninterested. She felt very betrayed, but when Fang Zhuo said this, she had no choice but to try to get closer to the CEO's ideological realm.

She said calmly: "Since you think so, I'd better go back to my Flame Mountain."

"Huh?" Fang Zhuo heard this sudden sentence, and the next second he realized that it was a line from "Westward Journey" and joked, "Director Xiao Yu is not Mrs. Niu. At this moment, the moon in the capital is full. ."

"I can't see it." Yu Hong complained, "I remember when you were in Luzhou, you said that we could go see Zhou Xingxing's movies together in the future. But now I've been sent to New York by you and haven't even seen a movie. Seen!"

"Let's do this. When the lawsuit against RIAA comes out, I'll treat you to a movie." Fang Zhuo opened the window and looked up at the sky. Well, it turned out to be a first quarter moon, not round at all.

"Other people don't know, but I have always known Mr. Fang's ability in drawing cakes." Yu Hong said, "Go to rest early. I am going to work hard for the cakes drawn by Mr. Fang."

"This is called the duality of painting cakes. Some people draw well, and some people do well with this cake." Fang Zhuo said good night and hung up the phone.

However, he did not fall asleep after putting down the phone. Instead, he was inspired by the inexplicable resignation of an employee.

For Sina to be willing to accept a non-executive director, the director must have a relatively high reputation, which can influence a considerable number of shareholder votes.

In addition, prestige is also an important factor in the battle for control if you successfully get on the board of directors.

It is not enough to rely solely on an entrepreneurial program like CCTV Finance. We must start from other aspects.

Could litigation be a way to surprise?

Fang Zhuo lit a cigarette in the quiet night and was lost in thought about the mystery of the duality of litigation.

Please ask for a guaranteed monthly ticket.

If there are no accidents tomorrow, it will be the third update.