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.
This extraordinary general meeting of shareholders actually has six proposals, of course the most important one is the 11.2 billion refinancing proposal.
With the end of the voting, 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 passing rate of the votes of various major discussions, Fang Hong can basically conclude that the "performance gambling" plan between Wanji's management and shareholders on the RoE index issue was 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. If nothing unexpected happens, Wanqi's management will sign a performance agreement with shareholders in the middle of next month. Bet 'em deal."
The content of this gambling agreement can be summed up 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 the management team in this gambling agreement is that they will work in vain and deduct bonuses and wages. It does not require a high RoE index. If you don't go up, kill the management.
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, observe and wait.
After a while, Fang Hong gave the order crisply: "Then after the middle of next month, we will start clearing Wanqi's stocks on October 20."
Tian Jiayi never figured out the reason for Fang Hong's operation, but he believed that he must have his own 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 best in this model is the foreign website flix. This streaming media platform is called "netflix" by domestic netizens and also called "nai". fly".
The UGC model refers to user-generated content, which is the self-made videos of platform users. The best in this model is the foreign YouTube website. Domestic netizens commonly call it "Youtube", which refers to this video website.
But 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 follow the path of pgc, and then slowly move to ugc. As long as there are users who can provide content, the audience will definitely 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.
For pgc, 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.
To attract a series of up owners who produce videos to the Yixing Video website to provide rich content for the website, Hou Junda's strategy is to "throw coins" to encourage the up owners to create.
But to get 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 owners every year starting from 2010. Each of the 100 shortlisted up owners will receive 1 million yuan. 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 Mr. Zaihua's money..." Fang Hong said to himself with a smile, but he had ideas and courage, which the big boss quite appreciated.
It is indeed a waste of money. Just one hundred up owners will be given a reward of 1 million yuan, which is 100 million yuan.
But it doesn’t matter, Qunxing Capital can afford this 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. It doesn't matter how much money he spends, but he must burn real money and be able to do it. Matching grades come.
It’s hard to say whether the results will be achieved or not. You can only know after doing it. This is a risk that must be taken. Fang Hongdao is also willing to take the risk. 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 a waste of 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?
Not with? Otherwise, Yixing Video will become the benchmark, and high-quality UGC creators will vote with their feet to enter the Yixing Video website. For UGC content creators, the current era is the era of "Eternal Love Power Generation". It's hard 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 reach a level of one million, which is enough to buy a house in a second-tier city, and within 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. He was sure that other competitors would not be able to follow, or would find it extremely difficult to follow.
To follow or not to follow?
For other video websites, they must follow, to some extent, but not having so much money is a real problem. I have no choice but to go to 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 also very good.
If you don't follow up, the website may decline rapidly and be conquered by the Yixing Video website, and the previous investment will be wasted.
But to follow up, you 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 invest more, but they don’t want the previous investment 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.
…
