A compliance storm has arisen within Yike, and the supply chain boss Chen Weixiang has come to an end.
YMS took the lead in upgrading its business group, and Qi He became president and consolidated multiple businesses.
Yike's board of directors plans to add two seats, and Yike America's Vice President Schroeder and Technical Director Xu Keden have obtained the seats.
Along with the discussions within the company and even outside the society, Yike ushered in a formal organizational structure adjustment plan five days later, confirming the establishment of "Yike Platform R&D Business Group", "Yike Operation Business Group" and "Yike Mobile Services" Business Group" three major business groups BessGroup.
There are also functional systems and subordinate administrative, personnel, financial, legal, investment, public relations, compliance and other departments.
In addition, the President's Office has also been adjusted. In addition to the Compliance Department, the Investment Department is under direct management, and the "General Office Research Office" has been added, including Fang Zhuo, Yu Hong, Pan Ben, Xu Keden, Qi He, and Liu Qiangdong. A total of 13 senior leaders or key department heads were invited to discuss and analyze important strategies.
Compared with the symbolic significance of the board of directors, the seminar office seems to be more related to the company's specific operations. The organization including 13 senior executives was quickly called the "General Office Roundtable" internally.
The plan has been established, and many departments need to make adjustments. At the same time, problems have been discovered in several middle and high-level people in the supply chain, and changes need to be smoothed out.
However, Yike's internal adjustments and adjustments were very rapid, and neither the products nor the market were affected.
On July 13, the general office seminar held its first meeting, where 13 Yike executives discussed the company's future development in an inclusive atmosphere.
At the same time, it is also determined that a mechanism will be formed to temporarily bring important issues to an all-staff meeting at least once at the end of each month.
That evening, senior management teams from Europe and the United States took flights back one after another, basically ending the two-week internal structure adjustment.
The next morning, Yu Hong arrived at the President's Office of Hang Lung 23. She made the same request to return to the US market last night, but was gently dissuaded by the President's Office again.
Yu Hong wanted to speak tougher before entering the office, but in the 30 minutes since she entered the office at 9:10, she watched the boss make phone calls one after another, so she had no choice but to sit in silence. On the sofa, he looked through the documents that were handed to him.
At 9:45, Fang Zhuo stopped what he was doing and said with a smile: "Mr. Yu, if you don't tell me in advance, I won't be able to squeeze out time right now. Don't blame me for being lazy."
"I didn't say you were negligent." Yu Hong responded succinctly and added, "It should be fine for me to return to the United States now. The incident has calmed down. Why doesn't Liu Zonghong let me fly? When can I go? Do I have to? Not until next year?”
Fang Zhuo took out his cell phone, glanced at the messages, and said, "Next Monday."
Yu Hong: "?"
Why did the time suddenly become so precise? Is this going to be another big news? You are so stupid when it comes to insider information.
"The United States is very big, and the financial market is also turbulent, but I may not be boasting. Our March and April did leave a deep impression on some people." Fang Zhuo explained, "This impression needs to be resolved or refreshed.
It may be a few days before you are safer."
Logically speaking, Yu Hong is not as risky as Fang Zhuo.
However, since she is also the co-founder of Yike, Fang Zhuo believes that there is no need to take unnecessary risks.
Fang Zhuo looked at Mr. Yu's thoughtful expression and smiled: "Doesn't it feel good to be in China during this period? There are relatives and friends, and work should not be delayed. I think people should have a certain stage.
You need to take time to examine things, whether it is proactive or forced."
Yu Hong didn't want to discuss this, pointed to the document she just read on the table, and said bluntly: "I don't like Zhong Lixin from the compliance department. I don't believe he just investigated Chen Weixiang's situation during this period."
"I don't know if it is, but I don't assume that it is." Fang Zhuo shook his head, "Everyone has different considerations. There are so many people in the company and so many things. I can't know everything. I can only deal with them.
I will decide how to deal with it when their considerations are put in front of me.”
Yu Hong frowned: "Why does it sound so arrogant?" "Really? The company is growing bigger and faster, but also faster and faster. How to clarify the situation and establish a good mechanism is a question I have been thinking about since returning to China.
." Fang Zhuo pondered and then said with regret, "I have always known that my manpower is limited, but I have always tried my best. This time Chen Weixiang was brought to justice, I may feel a little more uncomfortable than you think."
"But you still chose to handle this matter on that occasion." Yu Hong pointed out one point.
Recent internal changes, in addition to Qi He's success and Chen Wei
After Xiang's failure, the Compliance Department became the recognized winner. Zhong Lixin, the boss of the Compliance Department, even became a member of the "General Office Roundtable", somewhat stepping on Chen Weixiang's rise to power.
Fang Zhuo put away his regrets and nodded: "Yes, I made a difficult decision despite the pain."
Before Yu Hong could speak, the office phone rang again. This time the call was relatively short.
"The matter is over. I'm not here to discuss this with you. Just let it be said that you are impersonal. You don't care about it." Yu Hong returned to official business, "I talked to Dr. Wang Jian yesterday. He was willing to
It was taken over by Yike Company."
"Yeah." Fang Zhuo nodded, "I talked to him twice. Let's do this. Since you can't leave until next week, you can handle this matter. Cloud computing will be merged into the YMS business group, but you must maintain your independence.
It will be Yike’s fourth business group in the future.”
"I asked Dr. Wang when cloud computing would be ready. He said he was not sure how many years it would take. Did he tell you?" Yu Hong asked.
"He is actually under a lot of pressure. Cloud computing is currently not highly regarded in China. My decision and him as the person in charge are quite ridiculed." Fang Zhuo added, "It's not just ridicule from the outside world."
When it comes to technical fields, the voices of experts are louder and more authoritative, and there are many experts within Yike.
Fang Zhuo gave an answer: "Dr. Wang and I didn't discuss future results too many times. I never asked about the time point, but he did give me a vague time period, about 12 to 14 years."
That means there are at least 3 years left.
The budget for cloud computing this year is 2 billion.
Yu Hong made a simple calculation in her mind and couldn't help but say: "Mr. Fang, you have smashed most of the ice core production line into it. You are courageous."
"The current production line has become expensive, and it will be even more expensive in the future, tsk." Fang Zhuo sighed, but he didn't think this was the case.
What kind of courage is needed to invest? To put it simply, "Amazon has proven that the correct direction is to have money."
"If you have money, please return my money to me. When the company's stock price was low, I was not allowed to buy it. Now it is getting higher and higher. This is good. How much money has disappeared every time? I don't even have a single stock now."
Although Yu Hong didn't care much about money, she did feel a little heartbroken.
Fang Zhuo thought for a while and said: "The company will give stock awards to senior executives next year. Your money will not be given this year. I will help you get it and roll it into the fund."
Yu Hong vaguely knew the money-making ability of Mr. Fang's foundation, and thought for a few seconds: "Then you can help me set up a family foundation, one that needs to be more cautious."
"It's all easy to talk about. It's no problem if Mr. Yu speaks." Fang Zhuo smiled at the creditor.
Yu Hong drank half a cup of tea and asked the last question: "I think Yixin is quite easy to use. When will it be online?"
"At the end of September or early October." Fang Zhuo tapped his fingers on his desk, "We are currently testing the stability of the Symbian and P versions."
The Yixin function of the Symbian and P versions is somewhat crude, and is still being tested and optimized.
Yixin is a communication software. Naturally, the more users, the better. It will not only be launched on the Android platform, but Android users will undoubtedly be an important driving force.
The Spring Festival of 2010 is on February 14th, which is a total of 3 months of development time from the launch of Yixin to the Spring Festival.
Penguin is very wary of Yike Company. It also owns QQ
For this traffic killer, Yixin will use the method of importing address books to attract users, but it must also pay attention to the golden development period.
As of the end of June, Yike's sales of Mars1, 2, 3 and Selfy1 totaled 7.84 million units.
Among them, because the domestic and foreign 3G markets are not synchronized, the discounted Mars1 has the largest sales volume, with 4.31 million units, accounting for 55%.
At the current pace, Yike Mobile will have more than 9 million domestic users by October.
Looking at the entire Android system platform, domestic users are expected to exceed 15 million. Among them, entry-level Android phones as low as 1,999 yuan such as Hanwang and Meizu have sold at a speed that surprised everyone.
When Yixin goes online, how many conversions can these 15 million Android platform users make?
This is a question that requires verification.
Just in February this year, QQ just announced that the number of people online at the same time exceeded the 50 million mark, and the number of registered users exceeded 900 million. Its huge traffic does not need to be verified.
From Fangzhuo's point of view, if Android phones can continue to develop, the launch of Yixin may be more confident.
However, as Nokia and other brands are losing ground, domestic products
The rapid growth of the brand, the successful bid for the Spring Festival Gala, preparations for publicity planning and other factors made him feel that now was a good point.
It just so happens that we can take advantage of the patent negotiations with Nokia to make the launch of our own software a small condition.
The number of users of the Android platform alone is a bit low. If you add more from Nokia's Symbian, maybe Penguin can open his eyes and take a look.
"Very good. When Yixin comes online, what's the inside story here? What motivation do you have to enter the communications field? Remember to pay more attention.
Enjoy, it’s best to write your experience on Zhihu, and I’ll give you a thumbs up.” Yu Hong made a request.
square
Zhuo laughed and said, "I'm not that bad. Let's wait until the Spring Festival. I'll write after the Spring Festival."
The phone rang again in the CEO's office.
As Fang Zhuo said, there was not much free time left for the co-founders in the morning, everything was fully scheduled.
When you are in charge of a company, you can be free or very busy.
Fang Zhuo is still used to the busy rhythm, and always feels that there are some things that need to be dealt with by himself to make things better.
Sometimes he would put down the phone and reflect, whether a good mechanism has not been formed yet, or is it that Scorpio men are too ambitious?
On Friday New York time, following the announcement by Nasdaq-listed company Yike to adjust its internal structure plan, it made another announcement, this time involving a small acquisition and the establishment of a cloud computing department.
Yike is a very famous company in the United States, both at the financial and product levels.
Such a small announcement also attracted the attention of many financial institutions.
In March and April, Yike slaughtered hedge funds of all sizes, and its leader Fang Zhuo established his reputation as the "King of Retail Investors" and "Short Seller Killer."
Now more than two months have passed, and Fang Zhuo's Twitter has returned to silence, as if nothing had happened, as if everything had completely passed.
But Fang Zhuo and Yi Ke can get over it, but it is difficult for the hedge funds to get over it. Their money is really being murdered!
"Yike first invested in this cloud computing company in January this year, and then made an acquisition in July. It was suspected that the left hand was playing the right hand. We also checked the background of this company. It is from the e-commerce company that Yike is another shareholder of.
Peeling it off, it is worth mentioning that Fang Zhuo is the chairman of Yike and Yigou. Is there any violation of regulations and exchange of interests? "
Goldman Sachs issued a statement questioning Yiko's announcement.
It is different from some institutions. Nowadays, many of Goldman Sachs' actions in China have been attacked by unknown forces led by a certain Fang. It seems that the relationship is getting deeper and deeper.
However, just as some institutions were gearing up to dig deeper into Yike's violations, an action from the SEC shocked the entire banking and financial world.
SEC announces indictment of 12 banks including Goldman Sachs and Bank of America
Financial institutions, interrogating them for their fraudulent behavior in the subprime mortgage and financial crises of 2007 and 2008.
The decision quickly swept the industry.
Many people believe that this is the White House's reckoning with Wall Street, and it is the biggest conflict between regulators and Wall Street since the insider trading case of "junk bond king" Milken in the 1980s.
And, this is also another move to reform and strengthen supervision of the entire financial system.
When the SEC’s shocking news appeared, no one cared about Yike’s small announcement anymore.
And just one day later, Fang Zhuo, who was in Shanghai, also received a request from Goldman Sachs to meet, in order to end the hostilities that should have ended long ago.
After all, there is still some cooperation between the two sides.
Fang Zhuo postponed the meeting, but suddenly remembered to call Wang Fengyi on Sunday night.
He shocked the other person's drunkenness with just one question: "Brother Wang, what do you think of the prospect of Penguin's stock price?"
"Cough, cough, cough!" Wang Fengyi choked on his wine, "Wait, wait, let me find a quiet place."
After a few minutes he asked, "Can Yi Xin grow up?"
"I don't know, penguins are very wary of our Yike." Fang Zhuo replied.
"Then you still let me." Wang Fengyi didn't say the word "throw". I heard that Yike was working on compliance internally, so he had to comply with the rules when he spoke.
"Fortunately, I am also very wary of penguins, so I will be more prepared." Fang Zhuo added.
Wang Fengyi took a few deep breaths and asked in a deep voice: "If I take action now, what will happen to the reputation of this behind-the-scenes deal?"
"Well, I'm just asking, you can decide on your own." Fang Zhuo only said this much. This is also a big deal for Shen Xin, so let them decide on their own.
Wang Fengyi felt relieved again as he listened to the blind tone on the phone.
Buffett's philosophy is being put to the test. Although investing means investing in people, the stakes this time are too high.
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[Please do not transcode to read (similar to Baidu) as the content will be lost]
This chapter has been completed!