business platform Jingdong recently submitted to the U.S. SEC documents show that U.S. retail giant WAL-MART holdings of shares of the Jingdong again, as of December 31, 2016, WAL-MART holdings accounted for 12.1% of the shares of class a common Jingdong, Jingdong A, B accounted for 10.1% of the total share capital, became the third largest shareholder of the Jingdong after the Tencent and Liu Qiangdong.
this is since June 2016 the two sides reached a strategic investment agreement, WAL-MART in the second half of the Jingdong holdings. Previously, WAL-MART announced the holdings of Jingdong class a ordinary shares to 10.8%, and access to the board of directors of Jingdong observer qualifications.
need to be noted that, and Facebook, Google and other companies, Jingdong is also taking A/B equity structure: Class A shares enjoy 1 voting rights, B shares enjoy the right to vote for 20. Therefore, in accordance with the current 18.2% stake held by Jingdong Liu Qiangdong view, the hands of at least 80.9% of the voting rights. Even if the hands of the shares were severely diluted, as long as the hands of 4.75% stake held by Jingdong, Jingdong is equivalent to holding the right to speak Liu Qiangdong.
Liu Qiangdong once said, the energy consumed in the communication and shareholders, the game, and business development is a conflict. Jingdong business growth in the fast lane, entrepreneurial companies want to focus on how to improve the user experience, how to increase business and other issues, the founder, the absolute control of the company is good."
Liu Qiangdong is on the design of equity behind
attaches great importance to the control of several huge financing estimates — as long as the stock is not diluted to less than 4.8%, he will be able to control the total voting rights of more than 50%, to ensure that the enterprise control rights.
and review 1 shop was eventually WAL-MART, the founder was forced to run away from the story, we can see that the introduction of different choices of investors to some extent determines the fate of the enterprise. The equity dispersion risk control sidelined with every entrepreneur, is in a small enterprise financing, to Alibaba, Jingdong.
for WAL-MART, through its own O2O layout in the Chinese market can be said to be said of an aged person. Therefore, WAL-MART needs to use external force. And a few years ago compared to the negotiations, at this time, Jingdong and WAL-MART reunion, rivers and lakes is no longer the original arena, their mood and aspirations are also different.
WAL-MART Holdings Jingdong, the two will wipe out what kind of spark?
Jingdong holdings of two
within half a year, from the previous WAL-MART style can be seen, the purpose is not purely financial investment, shop No. 1 founder also be kicked out is the best example.
July 15, 2015, sharing an office good comrades, the old partner, shop No. 1 founder and chairman Liu Junling in just as guarding >