The shareholders' meeting is still going on, and the company's executive vice president said that there will be some agreed expenditures in the second half of the year.
For example, project payment and land price payment. It is expected that Zhengfu’s land supply will increase significantly in the second half of the year, and more high-quality land will enter the market. Wanqi’s current land has been developed for less than three years, and some land will be acquired in the second half of the year.
As time went by, the extraordinary shareholders meeting reviewed its plan to raise no more than 11.2 billion yuan in funds through a public additional issuance and put it to a vote. This time, it was conducted through on-site voting and online voting.
Fang Hong also voted in favor through online voting.
There are actually six proposals in this extraordinary general meeting of shareholders, of course the most important one is the 11.2 billion refinancing proposal.
As the voting ended, according to the data announced at the shareholders' meeting, the passing rate of all six proposals exceeded 99.8%, and the tens of billions of refinancing proposals were naturally passed.
Judging from the voting approval rate of various major proposals, Fang Hong can basically conclude that the "performance gambling" plan on the ROE index issue between Wanbi's management and shareholders has been quite smooth.
…
Two hours later, Tian Jiayi returned to Jingxin Residence from the company.
"How is the matter with Wanqi?" Fang Hong asked bluntly, and Tian Jiayi immediately replied: "There is news, and it is good news. As expected, Wanqi's management will sign a performance agreement with shareholders in the middle of next month.
Betting' deal."
The content of this gambling agreement can be summarized in one sentence: Wanda's management must increase the company's ROE index in the next three years. If it increases, the management team will receive high bonuses.
If you go up, it will be deducted from their wages and commissions!
It's that simple.
It is precisely because it is simple that the conversation goes smoothly.
Mr. Wang also thinks that there is no problem with this. He really wants to build the company. The worst situation for this gambling agreement for the management team is that they work for nothing and deduct bonuses and wages. There is no requirement for ROE index to be high.
If you don't go up, the management will be killed.
However, it seems simple, but it lays hidden dangers for a series of things that follow.
After listening to Tian Jiayi's report, Fang Hong nodded with satisfaction. The seeds have been sown. The next thing to do is to follow up and observe, and then wait.
After a while, Fang Hong gave the order simply and neatly: "Then after the middle of next month, we will start clearing Wanqi's stocks on October 20."
Tian Jiayi never figured out the rationale for Fang Hong's operation, but he believed that he must have his reasons for doing so. He immediately made a memo of his decision and sent it to Hua Yu's office at the company tomorrow.
.
"I have nothing else to do, so I'm going to work out." Tian Jiayi put the materials away, stood up leisurely, and walked towards the bedroom on the second floor.
Fang Hong turned his head and glanced at her retreating back, admiring her peach-like buttocks for a few seconds. He had to say that the hot figure of the beautiful assistant was inseparable from hers.
Very disciplined living habits.
Looking away, Fang Hong opened his laptop, entered the keyword "Yixing Video" in the search engine box, and pressed the Enter key. The first search term was the entrance to the Yixing Video website.
I clicked to enter the video website and took a look. The website has been online for a while. The latest version has improved the viewing experience a lot compared to the last time I visited Yixing Media Group.
Fang Hong clicked into the film library for a general overview. The massive film library resources are currently free to watch, including movies, TV series, variety shows, etc.
As for the positioning of Yixing Video, because it is backed by Qunxing Capital, a wealthy financial backer, Hou Junda, who is in charge of Yixing Video, no longer has to worry about whether the website should be based on the PGC model or the UGC model.
Only children make choices, adults want them all!
The PGC model is to produce content professionally, that is, the platform produces its own video content. The most impressive model in the industry is the foreign Netflix website. This streaming media platform is called "Netflix" by domestic netizens and also called "Nailix".
fly".
The UGC model refers to user-generated content, which is the self-made videos of platform users UP owners. The best in this model is the foreign YouTube website. Domestic netizens commonly call it "Youtube", which refers to this video website.
However, both PGC and UGC belong to the category of content operation, which mainly involves the source of content in the website. PGC and UGC each have their own advantages and disadvantages, and the most important thing is that they can be effectively combined.
The general development trajectory of a website is to first take the path of PGC, and then gradually UGC. As long as there are users who can provide content, the audience will not be small, and the website will gradually get on the right track.
Although Hou Junda is young, he has also made an ambitious plan for the development of Yixing Video. Anyway, the funder's father promised to have enough money, so he has to grasp it with both hands and be tough with both hands.
As for PGC, the Yixing Video website is backed by Yixing Media Group, which is a professional content production unit. The online broadcast rights of the produced movies, TV series, and variety shows will inevitably be given to Yixing Video. PGC resources are directly linked to the parent company
Connect with Yixing Media.
For UGC, the focus is to recruit a group of video UP owners who can produce content, especially high-quality content, whether they are producing funny videos, popular science videos, daily sharing videos, video clips and a series of self-made content.
Attracting a series of UP hosts who produce videos to the Yixing Video website to provide rich content for the website, Hou Junda's strategy is to "throw coins" to give UP hosts creative incentives.
But to get the money, you have to sign a contract with Yixing Video, and the content can only be released on the Yixing Video platform.
At this moment, Fang Hong saw an advertisement in the upper right corner of the homepage of the Yixing Video website:
——[Million Incentive Plan]——
Fang Hong clicked on the page and took a look. The general content is that the Yixing Video website will select the top 100 video UP hosts of the year every year starting from 2010. Each of the 100 shortlisted UP hosts will receive 1 million yuan.
of rewards.
At the same time, a "traffic pool package" can be shared with these one hundred UP owners. The higher the ranking UP owners can get more traffic support from this "traffic pool".
"This boy Hou Junda really doesn't care about the money..." Fang Hong said to himself with a smile, but he has ideas and courage, which the big boss quite appreciates.
It is indeed a waste of money. Just one hundred UP owners were given a reward of 1 million yuan, which is 100 million yuan.
But it doesn’t matter, Qunxing Capital can afford this little money.
Since Hou Junda has been given the position of head of Yixing Video, Fang Hong will not interfere too much and fully delegate power to him. How much money will be spent is not a problem, but he must burn real money and be able to do so.
Matching scores come.
It’s hard to say whether the results will be achieved or not. Only after doing it will we know. This is a risk that must be taken. Fang Hongdao is also willing to take risks. He has read Hou Junda’s development plan for Yixing Video and is quite fond of it.
for recognition.
Then just let him do it, and if he doesn't do it well, then you can cause trouble for him.
The "million-dollar incentive plan" launched by Yixing Video has caused huge waves in the industry. Other video website peers are privately criticizing it. In fact, this plan is not a great idea, it is nothing more than burning money.
But such a simple and unpretentious operation left colleagues speechless, because other video websites could not afford to follow suit, and it would cost 100 million to set up an incentive plan. For other video website entrepreneurial teams, it was simply bullying.
How does this follow?
Don’t follow? If you don’t follow, then Yixing Video will become the benchmark. High-quality UGC creators will vote with their feet to enter the Yixing Video website. For UGC content creators, the current era background is a proper "Yongai Power Generation"
In this era, it is difficult to make money.
Now the platform of Yixing Video website allows these enthusiasts to see that not only can they make money, but they can also earn millions of dollars, which can be enough to buy a house in a second-tier city, and it only takes one year.
As you can imagine, this incentive plan is undoubtedly exciting news for the majority of UGC content creators.
Hou Junda's move was Chi Guoguo's conspiracy. He used his own strengths to attack the other's weaknesses and sacrificed his ability to make sure other competitors couldn't follow him, or would find it extremely difficult to do so.
To follow or not to follow?
For other video websites, they must follow suit, to a certain extent, but not having that much money is a real problem, so they have no choice but to go to the VC dad to ask for money and further raise funds to obtain development funds.
But financing means that they have to continue to sell equity, so the entrepreneurial teams of other video websites are constantly cursing. In fact, those VCs are also quite embarrassed. The entrepreneurial teams continue to come over and ask for money, and the reasons for asking for money are very good.
If you don't follow up, the website may decline quickly and be conquered by the Yixing Video website, and the previous investment will be wasted.
But if you follow up, you will need to continue to spend money, and the risks will undoubtedly be further magnified.
VCs who have already invested money really don’t want to make additional investments, but they don’t want their previous investments to go to waste.
so……
There is only one safest way, which is to trick other investors into entering the market to pass on and share potential risks equally.
