Resource advantages do not necessarily lead to success
One piece of information has a new CEO.
On the morning of March 4, Ren Xuyang, founder and CEO of one point of information, sent an internal email saying that with the restructuring of ownership structure and the entry of new funds, his phased mission entrusted by shareholders was basically completed, and he had officially resigned as CEO to the board of directors. A new CEO of one point of information was also confirmed to be succeeded by Yang Yuxiang.
Yang Yuxiang attended Tongji University and Harvard University successively. He worked for CITIC Group for a long time. He joined Ping An Group in 2008 and became chairman and CEO of Ping An Securities. After 2015, he turned to the field of investment and started his own business. He has completed his investment in content companies such as Achievement and Fast Hand. In addition to the experience of leading and operating large platform companies, many types of enterprises, including technology companies, have been successfully reorganized and restructured in domestic and foreign capital markets. Under their direct leadership, they have completed financing and mergers and acquisitions with more than 300 billion RMB.
Ren Xuyang believes that Yang Yuxiang has rich experience in manipulating A-share capital market, which can help a little bit of information to connect with domestic capital market quickly and smoothly. A few days ago, a little bit of information completed nearly $500 million in capital operations, in which Phoenix New Media, the major shareholder, gave up most of its shares. According to 36 krypton understanding, after the conversion of this part of the old stock is completed, a little information will add 200 million new shares. In addition, the company will also dismantle the VIE and seek listing on domestic A-share or KIB. The seemingly complex corporate restructuring and capital movements may be what the new CEO is good at.
At the end of January, Li Ya, the former CEO, was dismissed, and then Ren Xuyang, the founder, took over as the new CEO. Ren Xuyang has made it clear that within 1-2 months of temporary concurrent CEO appointment, in addition to promoting a new round of financing, it will also help companies sort out the strategic direction of the future, and will also announce a new organizational structure. Now, he has fulfilled most of his promises.
Next, its time for Yang Yuxiang to show himself. In the field of news and information, which mainly focuses on algorithm recommendation, there are already byte-bouncing headlines of today and interesting headlines that have been listed. Data from Quest Mobile show that as of December last year, a little bit of information had a daily life of 12.52 million, an interesting headline of 27.58 million and a headline of 120.7 million today. Although the operation data is slightly inferior, a little information has two scarce licenses: Internet News Information Service License and Radio and Television Program Production and Business License, which are not available todays headlines and interesting headlines.
However, as Ren Xuyang said, resource advantages do not necessarily lead to success. In the fierce competition of information flow products, whether Yang Yuxiang can lead a bit of information to complete organizational restructuring smoothly, a new round of financing and IPO will be a test for him. A bit of information has been revitalized and fast, which means that the competition of information flow products will become more intense.
The following is the internal mail of Ren Xuyang:
Dear fellow students:
Recently, in order to achieve faster and better development of the company, we have been working hard to adjust the organizational structure, capital operation and financing preparation. With the restructuring of ownership structure and the entry of new funds, the prospects for some future development are becoming clearer and clearer. My phased mission entrusted by shareholders has basically been completed. In addition, there are other things to occupy the energy. So I formally resigned a little information CEO position to the board of directors yesterday.
Today, I am very happy to introduce to you some information about the new CEO: Yang Yuxiang, who studied at Tongji University and Harvard University, has worked for a long time in CITIC Group. He joined Ping An Group in 2008 and became chairman and CEO of Ping An Securities. After 2015, we turned to the investment field to start a business, and around the science and technology industry, completed the landmark investment in Nikkei Intelligence, Ichiyi, Fast Hand and other companies. In his career, Yuxiang has rich experience in leading and operating large platform companies. He has also successfully restructured and reorganized many types of enterprises including technology companies in domestic and foreign capital markets. Under his direct leadership, Yuxiang has completed more than 300 billion RMB financing and mergers and acquisitions.
Yuxiang has a broad strategic vision and profound industry insight, rich experience in operation and management, strong leadership and execution. At the stage of a significant strategic development opportunity, Yuxiangs rich experience in A-share capital market can help the company to connect with the domestic capital market quickly and smoothly. He is the most suitable steerer of a little information at the present time by his enthusiasm for entrepreneurship, sense of mission for future vision, sense of responsibility for shareholders and employees, and deep insight into the future development of a little information.
With the participation of Yuxiang, we will continue to uphold the initiative of providing users with interesting information. We will continue to increase capital and resources investment in product innovation, content ecology construction and brand influence building. In recent years, based on powerful technology genes, we have completed the whole ecological chain of algorithm, content and channel through strategic cooperation with top mobile phone manufacturers and various high-quality content platforms. The two licenses of Internet News Information Service License and Radio and Television Program Production and Management License are also a strong support for the latter half of the information industry competition. All this means that a little information has a great opportunity to go up the next level in the journey, serve more people, and occupy a more advantageous position in the industry.
At the same time, we must clearly realize that resource advantages do not necessarily lead to success. Only by implementing and striving in the right strategic direction can we maximize the effectiveness of the advantages and greatly improve the probability of success. You have to keep running to stay where you are, which is a true portrayal of the fierce competition in Chinas Internet industry. Compared with the industry giants, we have a huge gap and room for progress. Our organizational ability and team fighting capacity need to be improved urgently. Therefore, we must maintain a sense of crisis and meet new opportunities and challenges with an enterprising attitude and a spirit of struggle. Only the panicked can survive. If we dont run hard, we will go bankrupt at any time.
Thank you all for your support in my work during this time. Next, Chaohui and I will continue to support Yuxiang and a little bit of long-term development at the board level as founders. I believe that under the leadership of Yuxiang, one point will rejuvenate the enthusiasm of entrepreneurship and return to the frank, direct, user-oriented entrepreneurial culture. Students will also create a new and bright future together with their fierce fighting spirit and confidence in victory! ___________ What about?
March 4, 2019
Source of this article: 36 krypton responsible editor: Yao Liwei_NT6056