Starting concussion management Insider: founder and grand imbalance of interests a mysterious agency promised to give financial support to start all over again rumors, so long perilous grand from the Chinese network team and break - the backbone mass exodus almost a foregone conclusion. This means that in the grand literary IPO cosplay costumes for sale quiet period is undoubtedly trouble. Source: Tencent Technology Lei Jianping contradiction grand from the Chinese network and the capital side finally broke. Shanda Literature CEO Hou Xiaoqiang yesterday in a letter to all employees in an internal e-mail said that the starting point for some employees to resign, the Board has approved their request, he will be directly responsible for starting work.
This also means that the preparations for the grand literary IPO quiet period, because the sudden outbreak of a 'mass resignation' in this dramatic ending. However, the wonderful story may just begun. Informed sources revealed to Artesyn Technologies, a grand literary editors executives have to communicate with the starting point, faced with the temptation may be listed, the starting point of the editors would have to reach a compromise, as it happens this time, a mysterious agency admission and start high-level networking, promised to give adequate development funds, resources and independence to fully meet the starting point for the team after the freedom and future development needs of the network literature, so that the starting point for the management chose to break. Earlier rumors to start founder Wu Wenhui management, led not only took away the core of the backbone, and even be the starting point for the authors to be taken away, ready to start all over again, and start to make a similar literary sites, direct confrontation with the grand literature. Multi-sources, this rumor has been basically confirmed. Artesyn Technologies informed sources pointed out that Wu Wenhui team as early as two months ago began looking for financing, and the team eventually won the intention to invest up to billion from Baidu. Once Wu Wenhui team get big support, Shanda Literature will inevitably be affected. This may be Houxiaoqiang stressed in the message 'respect professionalism and business ethics' reasons. The grand literary controversy already foreshadowed departure gate. As early as last year on the eve of National Day, a grand literary allowed under banyan general manager 'of the Republic of tailor' denounced CF0 prophase understand business is to hoodwink the public, and that 'the political arena goes, patience, no longer brook.' Shanda Literature's president poly Shi Wenhua 'No knife Cobbler' also submitted his resignation publicly announced.
A senior Shanda Literature's website at the time noted that the capital side and the grand contradiction literature subsidiaries a long time, the main problem is the distribution of benefits. Earlier the network literature is not to make money, even for a long time at a loss, with the genuine promotion and wireless reading continued profitable effect rendering, grand and conflict management literature subsidiary intensified. Disaster from wireless reading effect can be a total pain to make money, but not with the willing, this is the starting point for a true portrayal of the management team and the grand employers. At first, starting with the grand capital management side also had a honeymoon period. In 2007, when sold to a grand start, the founding team shot a majority stake, lost the right to speak to the starting point, the grand also boldly naruto cosplay costumes for sale invest, through a series of acquisitions, so that the starting point for the development ushered in the climax, lay one industry leader position. When in 2008 a grand literary establishment, although there have start-up staff exodus starting point, also clamor for a separate listing, but still unified under the banner of the grand literature. Rampant piracy in the network literature, literary website's difficult to survive, the starting point assigned to a fifth two thousand words; into a ratio of half author, website half. Starting point can be described as difficult. At that time, even though such a business model, Hou Xiaoqiang to maintain income remaining, at the Baidu and other giants of the contest, public angry words, like Xianglinsao chatter fight piracy, the starting point of management is enjoying its heyday grand aura glory. However, with the advent of mobile payment reader era, everything changed. Hou Xiaoqiang last July has revealed that in 2011 only one in China Mobile, there are more than 68 million readers a grand literary content, of which 21 million users to pay for.
Cloud Bookstore less than a year more than 8 million total downloads, the total number of orders over ten million, to be paid downloads books nearly 47 million. In July last year announced a grand literary cloud Bookstore orders paid over 10 million mobile client installation activation of nearly 8 million. Cloud Bookstore Android client and cloud Bookstore lite version boarded corresponding Google Play and App Store charts. Changes in the revenue side of the more telling, Shanda Literature disclosure of earnings, first quarter 2012 online business is divided into online paying customers, wireless services, online advertising, copyright, licensing and other business, net revenue in the first quarter of the five business respectively, 52.12 million yuan, 52.78 million yuan, 16.77 million yuan, 8.51 million yuan and 2.04 million yuan, accounting for the proportion of revenue were 27.2%, 27.5%, 8.7%, 4.4% and 1.2%. Wireless service revenue has become a very important revenue. The reading from the operator's base business is mainly divided into sections. Hou Xiaoqiang has said that the future of the Rights of sales channels, the mobile Internet will be the biggest one. Wireless service revenue growth trend is very clear (picture from i Wall Street) status of the network literature in the increasingly presented a grand literary interests to make money on the rise. In contrast whole Shanda, the game business stagnation, many superficially or innovative business failed, the various lines of business executives in turmoil, the grand literary value in the grand interior of doubt, the starting point as a literary core position should be increasingly strong. However, the starting point for the management of status and income has not improved significantly.
A network literature pointed out that Wu Wenhui and the team did not have much to benefit from the start of the sale process, each management can get only a few million in cash value, which frequently billion company valuation on sale in the moment It pales, but also makes these management disgruntled. The rapid development of cloud bookstores also did not make the starting point of the management of income, on the contrary, make a starting point in the Group's business is increasingly being marginalized. An insider complained that not only the starting point for many of the privileges of belonging to be charged (such as mobile phone services and copyright services), is to be completely sideline and in the interests of treatment. Cloud Bookstore and starting point compared to the same jobs and levels of staff, cloud Bookstore's wages may be the start several times. The sources pointed out that despite the grand literary good prospects, however, did not optimistic about the capital market, CEO Chen Tianqiao Shanda Literature has always wanted to sell a good price, do not want to bleed the market, which also led to delays in the listing of literature so far. Shanda even looking Baidu talked want to sell Baidu literature, but also because the valuation does not factor in success. The usual friction, differences of business development, as well as dissatisfaction with the distribution of benefits, and anger gradually turned into quantitative accumulation process. Just in case, outside an olive branch to all sorts of promises, eventually Wu Wenhui and other management chose leave it alone. Wu Wenhui and do not want to leave the team to respond to the issue, saying only that the need to find a grand literary public relations response.
Hou Xiaoqiang said, Shanda Literature listed for the outside world means hopeless argument, is not interested in making any comment. It is reported that Shanda Literature is a holding company composed of many literary sites and publishers constituted the starting point for the establishment of large-scale departure of years in literature and rare. Home team near grand literary heavyweights or restricted Wu Wenhui rate team away from home, is likely to boost the industry in the capital, stir the entire network literary market. This listing has been blocked, but the desire listing of grand literature, it is not a good news. Last year, former general manager of the Grand recruiting director Qiuwen You joined Merrill Lynch as president, and served as chairman of Shanda Literature, guess there was one called mission is to promote the grand literary market. Grand literary insiders, grand market is being inspected, when the time comes will also start a paused IPO plans. For the current management of the grand literature, it is imperative not only to settle this tricky emergency civil strife, but also for the possible emergence of a new rival spoiler ready. Hou Xiaoqiang the Artesyn Technologies, stressed that the starting point for development today, platform construction and writer, the user system has been self-contained system, established a relatively high barriers to starting point in history has gone through many changes, did not impact on the starting point. The implication, Wu Wenhui team status after a grand literary home business still will not be shaken.
However, this incident away from the team's management also made a grand literary reflection. Hou Xiaoqiang said the changes to the grand literature is both a challenge and an opportunity, the starting point will provide more opportunities to help employees grow, to better explore the possibilities to broker the path from the editor. Let's become the target growth of employees from the Chinese network. Shanda Literature will usher in more changes. One insider said that the starting point for literature had also conducted several reforms, for various reasons, the results of these reforms on the outside does not seem significant, after the incident, the starting point of literature but also for greater adjustment. For example, the starting point will be greater efforts to build the platform, putting the user experience and community building enough; more open attitude and channel partners; the starting point will be to explore more innovative business cosplay xxxholic models. Work done on the voice actors, writers and comics derivatives industry chain. In addition, in the welfare system, brand building and the future growth writer to invest more. This is not a scene, then on Baidu, 360, Fantastic Art and other Internet companies Hunan TV 'every day' doing promotion, the grand literature is preparing to host a similar event. This time, a number of writers such as Shanda Literature's 'Tang three little', 'I eat tomatoes', 'Unending potatoes', 'Liu Chenfeng' and will be in attendance. Hou Xiaoqiang idea is to make these more literary writers to participate in the workshop, participating in Hunan TV and other activities to enhance brand writers, help them get more revenue, greater enhance the attractiveness of the starting point.