Chapter 342 The Board of Directors Furious

Gao Yang and Liu Dong had initially reached an oral agreement to invest in Jingdong E-commerce, and on the morning of August 13 the next day, the company's board of directors held an enlarged meeting to discuss the matter.

According to Gao Yang's instructions, Shao Hanyun first explained more than 20 minutes of PPT, which was the Jingdong multimedia entrepreneurial journey prepared by Liu Dong and the corresponding medium- and long-term development plan.

Then, there is the personal situation of Liu Dong, the main founder of Jingdong.

After Shao Hanyun introduced the basic situation, Gao Yang said:

"Everyone, Jingdong multimedia e-commerce has roughly these backgrounds. I also happened to see a media report online and noticed Jingdong and Liu Dong.

From Liu Dong's entrepreneurial experience, we can see that he is still a very powerful and excellent entrepreneur.

Since renting a counter in the computer city, Liu Dong has started his business in a corporate model, insisting on being an authentic product agent, establishing consumer reputation and company image. Liu Dong is a visionary entrepreneur and a person who does big things.

So, he started his business in 1998 by renting a counter in the computer city, and three or four years later, he made a net worth of tens of millions.

In 2003, due to the impact of the epidemic, Jingdong Multimedia Company's revenue declined sharply. Liu Dong followed the trend and simply gave up all physical stores. In 2004, he invested in Jingdong Multimedia Network and began to test e-commerce.

This is a major strategic transformation of Jingdong, which shows Liu Dong's strategic vision and courage.

Jingdong Multimedia has been online for 19 months now, and its daily sales orders have stabilized at around 400 orders. It is in the Beijing market and its main business is 3C electronic products.

I personally think that Jingdong has tried e-commerce in more than a year and has developed well, and there is a lot of room for future development.

I first arranged for Wu Ruohan and Shao Hanyun to visit him to learn about Jingdong's current operation, and then I met with Liu Dong and had a detailed discussion.

Jingdong is now doing the same-city e-commerce, with a pure 2C direct sales model. His business development is very good, but he lacks capital expansion.

After detailed discussion, he and I have made a preliminary agreement that 51 Group will strategically invest 30 million in Jingdong, and that Liu Dong can use this funds to expand in the Magic City and Yuezhou.

We invested 30 million in Jingdong, and in principle we hold no less than 51% of the shares, but it is not a regular holding model, but a venture capital model and does not interfere with Jingdong's specific operation and management.

In addition, in terms of equity voting rights, Liu Dong personally can have 70% or even 80% of the voting rights, and such an intentional investment plan has been preliminarily agreed.

Now, please speak freely and discuss it..."

Many people were confused when Gao Yang explained the theme of this conference.

In terms of project investment, Gao Yang has always been quite arrogant. A project idea will appear suddenly, and everyone will discuss and agree on it.

But today, Gao Yang suddenly proposed to spend 30 million yuan to invest in an unknown small company that tried the waters of e-commerce.

And it is a venture capital model and does not interfere with the management and operation of this company at all.

Wu Bo first spoke: "Gaoyang, 51 Group's companies have always refused venture capital in. Why do you consider investing in a small company that has just started a business in the form of venture capital?"

Gao Yang said: "Teacher Wu, as I just said, there are two main points in investing in Jingdong. One is that the founder is very outstanding, and the other is that he chose the business model, with the same-city e-commerce of 3C products as the main business direction.

The reason for investing in the form of venture capital is that 51 Group is engaged in social and media, which is the direction of strategic focus."

Wu Bo just nodded, smiled slightly, and stopped talking.

Jin Yang said: "Gaoyang, 30 million is a huge sum of money for start-up Internet companies. My personal opinion is that a small company like Jingdong is not worth so much money.

If you are optimistic about the development of e-commerce, there are actually two ways. One is that our 51 Group will do it ourselves, and 30 million yuan of funds will be enough.

The second method is that if you are optimistic about Jingdong, a small company with 30 million, you should be able to acquire it."

Gao Yang smiled and said, "Jin Yang, 30 million is indeed a lot of money, but it is absolutely impossible to acquire Jingdong.

When I consider investing in Jingdong, the first thing I want is to invest in such an ambitious and rich practical experience team led by founder Liu Dong.

When I communicated with Liu Dong, I clearly felt that he was a very ambitious entrepreneur and it was impossible to sell a company like Jingdong.

51 Group has obtained no less than 50% of Jingdong's equity with 30 million yuan, which is still very cost-effective in the long run.

In addition, 51.com can also try the same-city e-commerce business in the future. We are now investing in Jingdong. In the future, the two companies can cooperate in e-commerce business and develop together."

Fang Jian also said: "Gaoyang, the current business model of e-commerce depends mainly on Ali. Ali launched Zhifubao in 2003, and last year it achieved a sales scale of 1 billion yuan. Heli is a 2B platform to build bridges for small and medium-sized enterprises and individual merchants to cover consumers who are willing to try online shopping.

Jingdong does online 3C products self-operated e-commerce, and directly does 2C. In fact, it is like a heavy asset model that accelerates express delivery in 3C stores, while Ali is a light asset operation model.

I just know a tool like Ali Youzhi Alipay, Jingdong, the company. It delivers goods to your door, but online payment is still relatively backward. Many orders are paid by swiping a card on the mobile POS machine when customers receive the goods.

I think that Jingdong's business model cannot develop rapidly, and our investment risks are relatively high."

Gao Yang shook his head and smiled: "Lao Fang, Jingdong actually has online payment. In 2003, Liu Dong invested in online banking online, which was not slower than Zhifulipai. However, Jingdong is worthy of investment capital, has no capital promotion, and the scale of e-commerce business is still small, so online banking is not well-known, and the banking institutions they cooperate with are also limited.

However, in terms of strategic layout, Liu Dong is quite visionary. In terms of online payment, Tencent has not yet made plans.

At present, the public knows about third-party online payment, Zhifubao, because Ali has invested a lot of money in promotion.

51 Group also needs to do online payment. We invest in Jingdong to help its business expand. When the business scale increases in the future, we will promote our payment tools, which is also a good platform."

Next, He Guangwen and others also spoke one by one, with their views similar to those above, and they were still worried about the risk of Gao Yang spending 30 million yuan on Jingdong.

Such a board meeting scene is actually equivalent to a furious incident. However, Gao Yang is a major shareholder and has a high image and status in everyone's mind. Although he is an opposition voice, his words are relatively tactful.

As a loyal fan of Gao Yang, Zhou Wenbin was immediately unhappy:

"I said, everyone, what's wrong with you today?

From the beginning of working in solar media to the later Internet, almost all projects were proposed by Gao Yang. Has Gao Yang made any mistakes in investment decisions?

In recent years, without Gao Yang taking us to work, can we build a 51 Group?

Look, you are all worried, you are too concerned about stability…”

Zhou Wenbin's straightforwardness immediately made the atmosphere a little awkward.

Wu Ruohan then added fuel to the fire: "Brother Bin is right. I believe in my brother-in-law's vision and I support it."

Gao Yang quickly waved his hand: "Wenbin, Ruohan, we are having a meeting to discuss, there is no need to express our opinions like this.

At this discussion meeting today, I understand that many people are worried about the investment risks of this fund. Investing in startup companies and venture capital models, there must be risks.

Let's do this, let's have an unnamed voting. If the voting results show that most people are not optimistic, then I will invest in the 30 million yuan of funds in Jingdong in my personal name, and I am optimistic about Jingdong's future prospects..."

When Gao Yang said this, many people were stunned.

Gao Yang's tone was very plain, but his attitude was self-evident. Gao Yang had never had such a domineering attitude in the board meeting.

Seeing that the entire team had a crack in the foreign investment of 30 million yuan, Fang Jian, who was most familiar with Gao Yang, quickly smiled and stood up to smooth things out:

"There is no need to vote. 51 Group has tried the venture capital model for the first time, and it only has 30 million yuan in funds. It is also good to try it out."

Wu Bo also smiled and said, "Yes, there is no need to vote. 51 Group invested 30 million yuan to enter. If Jingdong cannot do well in the future, or even fail, at worst, we can just take it and do it..."

Next, Jin Yang and others also expressed their support.

Everyone understands that Gao Yang is the spiritual leader of the entire team. If he wants to try a small venture capital company, there is no need to stop him.

30 million yuan of funds is nothing to 51 Group.

The matter of investing in Jingdong was finally settled successfully. The negotiations and process work were handed over to Wu Ruohan, He Shan and others.

After the meeting, Wu Ruohan went to Gaoyang's office: "Brother-in-law, how can we arrange the investment of Jingdong's 30 million yuan?"

Gao Yang said: "Look for a bank and solve the problem through credit."

Wu Ruohan smiled and said, "I knew you would arrange this..."

As the head of the 51 Group's investment negotiation team, Wu Ruohan turned around and summoned He Shan and others to arrange their respective division of work.

At this time, Liu Dong also convened a management team at Jingdong Company to discuss the introduction of 51 Group investment.

The atmosphere of the meeting was completely different from that of 51 Group, Jingdong's team was full of excitement.

It’s a huge sum of 30 million yuan, and there is also an excellent traffic platform cooperation like 51 Group, which is great!

Seeing these brothers and sisters reacting like this, Liu Dong was not surprised and said with a smile:

"It seems that all brothers and sisters have the same idea as me. We at Jingdong welcome 51 Group to invest. With this funding and the cooperation of various Internet platforms of 51 Group, Jingdong can make great strides.

In addition, let me tell you one more thing: Liu Xu's guard point software is about to turn over. I heard that the police have re-invested the drug transmission incident, and the ministry directly intervened.

We have also guessed before about the specific incident of the drug transmission, and the security point software should have been tricked by the opponent.

I heard from my friend that the security point software can turn over this time may have something to do with 51 Group..."
Chapter completed!