Since october last, shortly after the establishment of the wanda network groupFeifanThe ceo lee li ling, vice-president liu peng and coo will be separatedWanda electricThird out of four years, ceo。
In recent days, people close to feifan's knowledge have been revealed to the times' financesWang kenlinThe 8 million high-paid ceo lee had left his post before he entered the country。
This information was confirmed by the financial statements of the time, which were corroborated by three insiders and high-level figures。
In fact, the news of lee’s departure early in december last year rarely appeared in public, nor did he participate in the annual wanda group meeting at the end of the year。
At the same time, the above-mentioned sources reveal that the vice-president of feifan, liu peng, and the coo wing wei, also resigned around december last year, and that the current replacement for the three positions is unclear。
In response to a call to the deputy chief of the faifan brand department, kang liqing, the times bank replied that lee’s departure was a personal cause and that he had officially separated from service around the spring festival. Li jin ling himself did not answer the times phone。
With regard to new job openings, kang liqing responded that there is no new ceo for the time being. “after the formation of the network group, there was a change in the structure of feifan’s companyCeo separationIt was then managed by the wanda network group. Because of the change in structure, it is not said that faifan would have to add a ceo.”
Kang li ging called the organizationStructural adjustmentsThis is about the creation of the fourth largest network technology group in banda last october. Flying and fast money, letters, big data, etc., which were formerly part of wanda's financial group, were broken up and formed into a new wanda network technology group, with wanda's quidddung being transferred to the presidency of the network group。
In this readjustment, there was a general rise to one level and more concentration of power in the new group leadership。
The departure of li binqing, liu peng, and wei is closely related to this major structural adjustment. The above-mentioned close-to-flag source has stated to the times that “li’s organization has been emptied and the ceo has been defunct”。
In combination with the response of the faifan brand department, it is generally possible to argue that this is true. According to the response, it is likely that the new ceo will not be recruited and that under the new structure, the position of the ceo will be eliminated。
From its inception in 2012 to the present, the wanda electric power provider has been in constant error and discovery, and the pattern of the wanda electric power provider has changed many times, and at different stages wang kenwood has also had the need to select different handsome generals for the wanda electric power provider。
Li jinqing or, as his predecessor did, has to face the fate of being out of the wanda stage after a remarkable and gradual development。
The third ceo to leave
Since its establishment in 2012, the vandal electric power provider (which has changed its name since march 2015) has changed considerably at the top。
In 2012, wang kenlin began to express his willingness to be an electrician on various occasions, and the project, the master's “boardboarding”, was launched, and the former senior director of international trading technology, ali baba, jin yitao, was dug up to become the first ceo of the banda electrician。
The first generation model of the banda electrician was created at the end of 2013 and is located mainly on the o2o smart e-commerce platform, which provides services from the pc to the app end, including recruitment information, advertising activities, commodity procurement and discounts. The platform was then seen as a linear extension of wanda square, which served to showcase commodities and advisory services and was in fact still far from electricity consumption。
Following the departure of jin yitao in march 2014 and the transfer of the ceo post by the founder of the former good products network, in july, the wanda electric power provider cooma haiping left. In the same year, a huge “mega-million” alliance emerged, with the creation of a three-party partnership, under the terms of a strategic partnership at the time, with an agreement of $5 billion in registered funds, with wanda holding 70 per cent of the shares and 100 per cent of the shares. The three parties agreed to invest $20 billion over five years, with the goal of becoming the world's largest o2o power company。
In july 2015, when the flying web was officially online, apps were followed by a departure from the original, the holistic approach was shifted from the “o2o power company” exploration to the “entity business + internet” scene service provider, which was somewhat different from traditional electric operators such as ali baba and kingdong, with online and sub-linement becoming the largest selling point for vandal electric operators, and then more downline services in development。
However, the physical build-up of the wanda electric power provider was very slow, with tung-lin suddenly leaving in june 2015 after a year between the formation of the million-dollar power provider and the official launch of the “fifeng net” by the electric power provider. Since then, the flying ceo position has been vacant for eight months, until march 2016, when li lingping took up his post。
The first number of links between lee and wanda is “8 million” and the 8 million annual “reward” salary of the wanda is taken from the mango net of the tourist power company。
The two “formers” are not of the same origin as the two internet sites, and the long trajectory of li’s past is linked to traditional industries and has a rich curriculum. Prior to his entry to duty, he worked in traditional enterprises such as procter, motorola and pepsi, but only in 2007 had li been able to join the dragon travel network, during which time he was primarily responsible for sales; in 2013, li entered mango network to serve as ceo, followed by a merger of the general central brigade and mango network, and li was also vice-president of the general central brigade, with full line responsibility。
When lee was in office, he was on a new scale and had a platform on which to build, and his additional task was to continue his extraordinary approach to development, to continue his expansion and to adjust and perfect it. The analysis suggests that what is needed during this period is an acceleration and, more importantly, a leadership from a holistic business experience, as well as a background in which li has a real economy。
A close-to-the-moderate source of information informed time financial reporters that lee’s entry into office had been subject to high expectations, with more adjustments being made to his products and plans to go online for services such as hotels, tourism, films, etc., but that the new products on the line were “unattractive except for films”, while the flimsy “burning money” strategy had been adjusted, and the reduction of subsidies to businesses had begun to reduce the incentive to fly。
The king's pet and the whole new architecture
From 2012 onwards, flying was essentially in the process of trial and error, from the “o2o electrician” to the “entity business + internet” scene service provider, and the product was considered from the very beginning to be the product of wang kenlin’s “personal will” and has now been largely supported by wang。
How much does wang kenlin love feifan? This can be seen in the recent annual report on wang kenshin's work. In his report on the annual session, wang kenlin stated: “fifeng seeks to achieve overall profit by 2018, profit by more than 10 billion by 2020 and market by flying the whole”
During the past four years, wang kenshin himself has on several occasions endorsed the declarations “to be the world's largest o2o electrician”, “to be added 1,000 cooperative business centres in 2016”, and the willingness to be an electrician is strong。
In response to the endorsement of the richest man, it was a dispute that had been provoked by flying. The platform's own positioning continues to change, with inadequate products, burn money, billings, false flows, and the collapse of the “millions” that erupted at the end of july 2016, which is all the more stigmatizing for the “two years to burn down 5 billion”。
The above-mentioned source of information has also indicated to the times that “there is nothing more to be gained from flying together, or the stage of rapid expansion and platform building”。
It is a fact that the failure to make a profit is not incontestable: fifi, who used to burn money with a “difficult card”, revealed in an official announcement at the beginning of august last year the difficulty of his years of exploration. “fifeng is opening a path that has not been explored by previous generations, and its difficulty cannot be equated with the usual pattern. Since his establishment, both financial, resource, human and material, has been the input of one party, after more than two years of practical work, and has gone through twists and turns. The results have been phased in, and wanda is convinced that the entity plus the vast market space of the internet will continue to invest in it for greater success.”
Indeed, there has been a significant increase in the size of numbers over the past year. According to the official flying caliber, “as of the end of july 2016, on the first anniversary of the flight-in-line, there were more than 3,000 commercial cooperation projects on open platforms, and the commercial union owned more than 40,000 businesses; throughout 2016, there were 150 million active fly-in users and 8,284 members”
But these figures are still backed by “burn money”. “burning” is far from enough, and wanda is looking for private fundraising to “continue burning” and, according to wang kenshin at the wanda annual conference, “fifeng a's private fundraising programme is raising $10 billion, completing demonstration projects and valuation evaluation reports in the first half of the year and starting private fundraising in three quarters”
Wanda put him on a schedule as he stabilized. On 13 october 2016, the overall structure of the wanda group was significantly restructured, with the establishment of the fourth largest network group under the banda flag, at the same level as the three original commercial, cultural and financial sectors。
The fourth block is essentially split from the wanda financial group, and flying information companies, fast-paying companies, credit companies, network data centres, seading companies, and network credit companies have been grouped together into a new network group, most of which are directly linked to the flying platform, the largest of which remains flying。
In this move, the president of the financial group, cretejun, was transferred to the network group as a whole. In addition, the newly discovered former head of google central china, google global vice president liu yoon, became part of the network group's executive leadership。
Following the restructuring and staffing changes, the internal contradictions of the feifan management highlighted, according to the above-mentioned source, that “li's organizational restructuring was empty, li was struggling and completely marginalized” and that “fifanthong has been verbally abused every day in the recent past”
There have been stories from the industry that “any man who is in the hands of the (flying) mandarin electrician, enters the air and comes out of his face”。
How can the new model continue to fly without the three ceos
