Chapter 314 Sina Has Changed Its Surname to Fang From Now on (Two in One)

"Mr. 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 not surprising request he heard from Duan Yongji.

Nothing surprising.

It's just a repeat of the last extraordinary shareholders' meeting.

Jiang Fengnian said: "As for these two requirements, I agree..."

Duan Yongji, who had just sat down, became more and more wrong the more he thought about it, and loudly said: "I demand that voting start now. How can someone like Fang Zhuo sit on it!"

"There must be a process for discussions, 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 facing all shareholders."

Duan Yongji wanted to retort, but Wang Yan actually spoke up too.

"Mr. Duan, there must be a process for the shareholders' meeting. Don't be impatient." Sina's young CEO advised.

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

At this time, another executive who had previously favored Duan Yongji said: "It's not like whoever has the loudest voice is justified in the shareholders' meeting. We have to follow the procedures."

Duan Yongji turned to look at Fang Zhuo, who had been silent.

Fang Zhuo shrugged innocently, "What are you looking at? He didn't say anything. Please listen to the voices of the masses."

"Regarding Fang Zhuo's position, this is a major issue at today's shareholders' meeting, and it must be decided now!" Yan Yuanchao, a director of the Duan Department, expressed his support in a high-pitched voice.

Chairman Jiang Fengnian refused: "No, before that there is another major announcement that needs to be made in front of all shareholders."

Yan Yuanchao was confused.

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

Sina President Mao Daolin picked up the microphone and said concisely and clearly: "Considering Sina's development and due to personal factors, I will resign as Sina President and nominate Sina Vice President Fang Zhuo to lead Sina forward."

The conference hall was in an uproar!

This is really a big deal!

What deals have been reached within Sina? !

Mao Daolin did not stop speaking 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 a smooth transition.

But why?

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

As the first person spoke out, more questions followed.

Two months is neither long nor short. 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 when I suddenly hear the reason given by Sina CEO, everyone is surprised and doubtful.

Is it true that a company as big as Sina was handed over to a young man so casually?

Questions and discussions filled the conference hall.

Fang Zhuo picked up the phone and cleared his throat, but failed to stop the noise.

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

The noise gradually died down.

"I am honored to be recommended by Mr. Mao. Everyone knows that Mr. Mao was more engaged in investment work before. He has worked hard and tried his best to take over the turbulent Sina over the past year."

"President Mao will not leave Sina. He is still a member of Sina's board of directors and will still shine for Sina."

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

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

"Mr. Duan believes that I am not suitable for Sina and believes that the current board of directors will hinder Sina's development."

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

He shrugged easily: "Rather than stringing together, acquiring, or removing people, I know the media likes to hear conspiracy theories and other small tricks, but shareholders must consider the interests of the company and not be obsessed with these."

Duan Yongji was accused of scolding Huai and couldn't help but confront him: "Fang Zhuo, how could you say such a thing?"

"Who made a hostile takeover of Sina?"

"Who contacted the board of directors to propose removal?"

"are you human?"

The former co-chairman of Sina burst into tears, using half-truths and half-falsehoods to arouse the emotions of shareholders present, striving to win more votes in the next voting session.

Duan Yongji has contacted quite a few shareholders, but some are hesitant. After all, Fang Zhuo is already Sina's largest shareholder.

Being graceful or not being graceful, these are all means to achieve the goal, as long as it is easy to use.

Sure enough, a business tycoon who was nearly 60 years old was forced to convene an extraordinary shareholders' meeting to accuse him face to face. This scene touched many people.

Especially since he was hospitalized before.

Fang Zhuo is so inhuman!

"Mr. Duan, don't get excited, please pay attention to your health." Fang Zhuo, who was on the stage, expressed concern for the senior in the audience. He was not being hypocritical. He was really afraid that something would suddenly happen to him. If... then it would be really serious. Life is dark.

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

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

Fang Zhuo nodded repeatedly, following the words of the old senior, and said: "Yes, yes, this is everyone's legal right. However, although this quarter has not yet ended, our board of directors and management have unanimously agreed that we should introduce our business progress to all shareholders."

He pressed PPT on the notebook handed to him without waiting for Duan Yongji's reaction.

A page of Sina Hotline's performance summary was projected on the big screen.

Duan Yongji's heart sank when he saw the first number. This was inconsistent with the information he had received. Sina Hotline's business was expanding, but why was it expanding like this?

"Everyone, please look, this is Sina Hotline, which I am responsible for after I came to Sina."

"The business revenue in the month before I took over was 840,000 Chinese yuan."

"The first week I took over Sina Hotline was 2.53 million."

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

Fang Zhuo took the microphone and calculated in public: "The previous 840,000 divided by 4 is 210,000 per week, and now it is 2.53 million per week, which is... um, how many times?"

The vice president of Sina is not good at arithmetic and has been slow to say it.

Some people in the audience who are quick at mental arithmetic 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 gave the answer: "The revenue in the first week of July is 12 times that of the week last month!"

The audience was buzzing with discussion.

What the hell is 12 times the same business?

Fang Zhuo waited until the discussion quieted down and continued: "We did it for three weeks in July, and the revenue for three weeks was 8.36 million."

The comparison chart was not forgotten this time, and everyone in the conference room saw the revenue comparison of Sina's different businesses directly.

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

"It may be difficult to compare the revenue for three weeks, so it's easier to calculate this month."

Fang Zhuo deliberately kept August's revenue more confidential, and only informed some directors and executives in the past two days.

In August, China Mobile's share was 14.29 million, and China Unicom's share for nearly two weeks was 3.57 million, totaling 17.86 million Chinese yuan.

And Sina's advertising revenue in August was 13.2 million.

Sina Hotline's revenue is 1.35 times that of Sina's advertising!

The latter is the revenue business that Sina has placed its hopes on since its establishment! Now it has been defeated by the former, which has been in business for more than a month!

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

The sound of more heated discussions from shareholders in the conference room rang out.

Duan Yongji stared at the numbers on the screen, suspecting that there was fraud!

Couldn't Fang do such a thing?

"Our Sina hotline is now worth a lot of money. We can collect hundreds of thousands a day. I guess it will be less for this meeting today." Fang Zhuo made a joke and said easily, "I wonder why Sina didn't pay attention to the development of this business before."

"Sina has the best content in the country, the fastest news, and the most influential brand, but even after more than a month of hard work, we are still behind our competitors in the wireless value-added market."

"This misjudgment..."

Fang Zhuo looked at Duan Yongji in the audience, but said: "This kind of misjudgment will not be mentioned in the past. What Sina needs to do now is to move forward and build its own competitiveness."

Sina Vice President Sweep Looking at the entire conference hall, he 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 positive for our stock price on the Nasdaq in the United States."

"As the founder of the 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 a lot of shocks in the past year. I hope that Sina will become the first company to lead the recovery of the domestic Internet market value in the next period of time."

Full of affection!

Sincere and sincere!

Outstanding performance!

Fang Zhuo is not a human, 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 a bit harsh.

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

"Sina Hotline is the beginning of Sina's profitability, but it is by no means just a beginning. I have the confidence to lead Sina forward. This is the trust of the board of directors, the management, and Mr. Jiang and Mr. Mao in me."

Fang Zhuo raised his voice as if he was giving a speech on his inauguration: "I am confident that I can lead Sina back to the issue price and get back the 90% market value we lost."

He clicked on the notebook and released the last list.

"For this goal, for the development of Sina, Sina must not have any senior executives who drag their feet. Before voting on Mr. Duan's proposal, we unanimously agreed to vote on this list of directors first."

"Of course, after the vote on this list of directors, Mr. Duan's first proposal will end, and then we can vote on my personal position."

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

In addition to the elimination of Duan Yongji and Yan Yuanchao, Fang Zhuo has replaced a Duan-affiliated director on the board.

Seven seats only require four people to agree to pass a resolution, and Fang Zhuo has three seats firmly controlled by himself. Wang Yan is in a good position to cooperate, and Wu Zheng has a promise to acquire the shares.

In addition, Mao Daolin, who retains his director status but has the intention to leave, and Jiang Fengnian, who has a rather neutral position.

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

Duan Yongji pursed his lips tightly, looking ugly.

The shareholder supporter next to him whispered: "Mr. Duan, Mr. Duan, what should we do? What should we do?"

What should we do? What can we do?

What else can we do?

The surname Fang doesn't play tricks, but crushes!

Duan Yongji's news is completely distorted. He has some estimates of Sina Hotline's performance in July, which is more than twice the actual situation!

In addition, judging from the normal situation, how can a stranger enter a new company and build a business so quickly!

It is not in line with common sense!

The voting began.

Duan Yongji hesitated to move, saw the vote count on the big screen, and saw the notary in the notary office.

34%.

47%.

56%.

68%.

The first director to vote was Fang Zhuo, who easily exceeded half of the votes, and this was because Duan’s diehards did not come forward to vote.

Duan Yongji shook his head slightly.

It was meaningless.

When Fang Zhuo used the income from wireless business to draw a big picture of Sina returning to the peak of market value, today’s interim shareholders meeting was over.

Why vote for Fang Zhuo?

Because he really holds Sina shares!

Duan Yongji stood up and looked at Fang Zhuo deeply.

Fang Zhuo was paying attention to the movements in the conference room, looking down at Duan Yongji.

There was no speech between the two.

Duan Yongji was defeated today. Not only that, he suddenly doubted the Sina strategy he had influenced before. Is the way to play the Internet really for young people?

He turned around silently and led his people to leave the meeting.

Whether he was present or not in today's shareholders' meeting would not affect the result.

Fang Zhuo still looked down at the figure going away.

Sina is now a family, and from today on, it will be named Fang!

…

On August 29, Sina held its third shareholders' meeting of the year and reported the company's latest performance.

Sina's chief writer Xu Changlun participated in the meeting throughout, witnessing the alternation of power between the old and new. That evening, he wrote a report enthusiastically:

"All Sina employees warmly welcome Mr. Fang Zhuo to be elected as Sina's president!"

He was still not satisfied with his own article, and wrote the second one in one breath:

"Outstanding entrepreneur President Fang Zhuo painted a beautiful vision for Sina today!"

Ming San.