Cooperation cannot be negotiated so hastily. Today Chu Feng is giving everyone a signal, and the next step depends on everyone's wishes. Whether to follow the trend of the times or go all the way to the dark side depends on everyone's wishes.

.

Origin definitely has no intention of forcing cooperation. After all, forceful melons are not sweet.

But after it was over, everyone chose to stay.

Everyone is not a fool, and of course they can see the current situation clearly. As long as one of them stays and cooperates, the others will definitely be left far behind.

Now is not the time to test tacit understanding and loyalty, it can be said to be a battle of life and death.

When they returned to the resting place, everyone had an emergency video conference in their own room without taking a real rest.

These group companies are different from Yuanyuan, which is completely controlled by Chu Feng alone.

Chu Feng can make any decision without any constraints, but these companies are different. They are all joint-stock listed companies, although they can absorb more funds to develop faster.

However, the development of a company requires soliciting the opinions of different shareholders, and some major decisions require convening a shareholders' meeting for voting.

It's definitely not that simple and quick when it comes to decision-making.

This was also the time Chu Feng gave him to think about this situation.

As one of the founders of Penguin Group, Ma Teng, as CEO and Chairman of the Board of Directors, actually holds 9.1% of the shares. However, the largest shareholder is the international media giant MIH, which holds 31.17% of the shares, far exceeding that of small businesses.

Above Ma Ge, he is the largest shareholder.

Although as an investor it is only responsible for making capital contributions, Ma Teng’s team has decision-making and management rights.

But if the decision-making of Ma Teng's team seriously affects MIH's interests, MIH can intervene in actual management.

And the same goes for Ali.

Alibaba’s largest shareholder is SoftBank, which holds 25.9% of Alibaba’s shares. Altaba is Alibaba’s second-largest shareholder, holding 9.4%.

Ma Yu only owns 6.4% of the shares.

Although Alibaba’s largest shareholder is SoftBank, Alibaba adopts a VIE structure and implements a partnership system with a dual-class share structure.

This is also a smart point of Ma Yu. Such a structure and system allows the same shares to have different rights. The above measures can firmly control the board seats and decision-making power in the hands of Ma Yu's team.

This separates the modern corporate governance structure from the capital structure. Although Ma Yu only holds 6.4% of Alibaba's equity, he holds more than 50% of the voting rights.

For partner selection, there are the following conditions: First: working in Alibaba for more than 5 years.

Second: Must be very talented and have excellent leadership.

Third: 75% of partners need to agree.

Ma Yu is a permanent partner. Other partners need to be selected every year, but he does not need to.

The right of partners is to nominate directors, and Ma Yu can nominate more than half of the directors.

After nominating directors, the directors shall be approved by a resolution of the general meeting of shareholders.

If the resolution of the shareholders' meeting is not passed, continue to nominate until it is passed.

If shareholders want to change the partner recommendation system, 95% of shareholders must agree. However, Jack Ma personally controls 6.4% of the equity, so this structure cannot be changed.

Under such a system, Ma Yu will be able to control the Alibaba Group even after he leaves office in the future, which will avoid many other problems.

But no matter what, if this involves a major future direction of the company, decisions need to be made after consultation with other shareholders and senior management.

"Brother Ma, why did you call the meeting so suddenly today?"

During the video conference, Zhang Yong asked strangely.

Zhang Yong is also one of the founders of Alibaba Group Company, and will take over from Ma Yu as the president of Alibaba in the future.

He also knew that Ma Yu was going to attend the opening ceremony of the Origin Company's building today.

Unexpectedly, it was so late at night that Zhang Yong, who was still working, received a notice from Ma Yu that an emergency video conference would be held.

Zhang Yong knew that it was not an important matter. Ma Yu could not be so anxious. Could it be that something important had happened?

"Everyone, it's so late and there's no way to call everyone together in a hurry."

The people attending the meeting were all old brothers who started the business together, and they were also the eighteen founders known as the "Eighteen Arhats". Ma Yu had nothing to hide and told everything about what happened at Origin Company today.

Everyone was silent after hearing Ma Yu's story.

From the time Alibaba started its business to the present, it has experienced many ups and downs, and was almost defeated many times. However, with everyone's efforts, Alibaba has become the behemoth it is today.

These people's vision and knowledge are definitely leading the way.

So we also know why Ma Yu was so anxious and called everyone for a meeting late at night. It was indeed an important turning point.

No company will prosper forever. Even if Alibaba Group is so huge now, everyone is working hard, because as long as you pause, you will give others the opportunity to overtake.

"Brother Ma, what are your plans?"

Everyone is silent and considering this matter. Although Zhang Yong has basically decided his successor internally, everyone is still very concerned about Ma Yu's decision.

"cooperate."

Just a simple word, everyone is clear about Ma Yu's decision, everyone is aware of Alibaba's investment in VR, and everyone is well aware of what this decision means.

“Should we completely give up all research on VR?”

Cai Songquan said somewhat unwillingly.

As the co-founder of Alibaba Group, Cai Songquan was once evaluated as "Alibaba's invisible hero" by Zeng Ming.

Ma Yudu once said that Cai Songquan must be among the four people he is most grateful for for what he has achieved today.

It is no exaggeration to say that without Cai Songquan, there would be no Alibaba Group today.

Ma Yu did not ignore Cai Songquan's opinions.

"We don't have to give up completely. We can continue to develop it, but everyone knows the current situation."

"Origin Company has developed mature and complete VR equipment. Now the initiative is in the hands of others. The current situation is that if we don't cooperate, there will definitely be many companies rushing to cooperate."

Ma Yu also sighed. He didn't expect Chu Feng to drop this "bomb" at this time, which caught everyone off guard.

"You mean that cooperation and development are carried out simultaneously. Can the company keep up with the progress?"

Some people also raised questions, which made everyone feel like they were back at the beginning of their hard work.

"Yes, but all the shares of the VR company acquired must be thrown away!"

After hearing Ma Yu's decisive words, everyone nodded.

After the VR equipment of Origin Company is released, the shares of the VR development company that I hold will definitely fall miserably. If I don't sell them now, I will lose them in my own hands in the future.

So the first decision of the meeting was unified in this way.

The first decision made by Penguin is that all investment in VR equipment must be withdrawn.
Chapter completed!