boyutpedia Chapter 628 How could it be Chen Jincheng?
Chapter 628 How could it be Chen Jincheng?
As a new day dawned, some people at Kuaishou Company were already filled with unease.
Everyone knows that Kuaishou will have a shareholders' meeting today.
No one expected that Kuaishou's market value would plummet to its current state in such a short period of time.
Moreover, Mr. Chen had no solution at all.
On the contrary, the momentum of the other side is unstoppable, and the daily active users are getting higher and higher.
However, Kuaishou's daily active users have been declining, which indicates that Kuaishou's current market value is unsustainable and will soon decline further.
Therefore, this shareholders' meeting may mark a major change in the internal structure of Kuaishou.
People inside the company had heard rumors that the shareholders were already very dissatisfied with this General Manager Chen. Now that they had met privately and exchanged greetings, they knew that the shareholders had already expressed their dissatisfaction with him.
Clearly, Mr. Chen himself must have known about this, which is why he had already arrived at the company and was waiting in the conference room.
Moreover, he wasn't wearing his usual suit, but rather a tech programmer's uniform.
He already knew his fate.
This has fueled even more panic and speculation among everyone.
After all, this could mean that many of them lose their jobs.
Good jobs are hard to find these days.
It's fair to say that early in the morning, most people in the company were not in the mood to work and were waiting for the results of the shareholders' meeting.
"What do you think will happen at this shareholders' meeting?"
"President Chen should be stepping down soon. He bears a lot of responsibility for the current state of Kuaishou."
"That's right. When Chen Jincheng was a shareholder, he said we shouldn't rush into listing. He even suggested we use red envelopes to maintain the status quo out of friendship, but Mr. Chen just wouldn't listen."
"Wow, things have changed so much all of a sudden. Back when the company had a market value of 2.8 trillion, when I told people I worked at Kuaishou, everyone around me thought highly of me. Now..."
"..."
Clearly, the employees of Kuaishou Company also roughly knew what was going on, and they harbored some resentment towards that General Manager Chen.
It's not that company employees have no right to blame their bosses. After all, they also put in the labor for their jobs, and everyone wants job stability. Otherwise, finding a new job is a hassle, and more importantly, they might not be able to find a job at all, given that many of them are getting on in years.
And all of this was caused by that General Manager Chen, so how could he not harbor resentment?
After an unknown amount of time, the employees of Kuaishou received a message that the shareholders had arrived, entered the hall, and were already upstairs.
This also led many employees to observe from the sidelines.
Soon, the shareholders came in. These shareholders had been to the company more than once, so some of them were still recognizable.
However, there was one person among these shareholders who surprised everyone, or rather, someone they never expected.
Chen Jincheng.
Didn't he sell all his shares? Why is he here?
At that moment, he was chatting and laughing with two middle-aged men.
This scene made everyone realize that something was wrong.
Chen Jincheng could not have come here for no reason.
The news has already spread like wildfire in some of Kuaishou's groups.
What is Chen Jincheng doing on Kuaishou?
"Didn't he no longer own shares in Kuaishou?"
"Anyone who knows inside information, please share it quickly!"
"Where are those people who usually spread rumors?" "..."
The two people next to Chen Jincheng were naturally Mr. Zhao and Mr. Zheng, the representative of the capital forces behind Chopsticks.
"Don't worry, Mr. Chen. From today onwards, the management rights of Kuaishou will be yours. We will support you in the integration of the company." Mr. Zheng stated as he walked.
It's important to understand that Kuaishou is currently in a situation where he has suffered the greatest losses and been most affected.
In fact, Kuaishou's current market value is still higher than its initial funding round.
But there was no other way; he was planning to use Kuaishou's shares as collateral.
Because the forces behind him pushed a young person to a city to take up a position in charge of economic affairs.
Given the other person's current age, if they can advance to the next level within three years, their future potential will be greatly enhanced.
Therefore, he must also produce sufficient results.
The biggest achievements of those in charge of the economy are attracting investment and creating jobs, which requires huge investments.
They can invite companies with connections to invest, but that's just icing on the cake; the real challenge is for them to invest their own resources.
Therefore, they need a large amount of readily available cash for investment there.
Before this, they had already invested a lot of money in another member, and now they were having some difficulty in allocating funds. Therefore, Kuaishou shares were the best collateral.
Given Kuaishou's current situation, it's impossible for him to borrow as much money as he used to in the shortest amount of time; banks aren't stupid.
We can provide them with conveniences, but that doesn't mean we can do whatever we want with them.
Therefore, Chen Jincheng can save Chopsticks Hands, and he naturally supports it.
The main Mr. Zhao's power was actually stronger than theirs.
The other party has gone beyond simply supporting Chen Jincheng; they've become like a gofer.
Crucially, the fact that the other party dared to acquire 15% of Kuaishou shares at this time demonstrates their confidence in Chen Jincheng.
So, what else could he possibly be worried about?
Now, Kuaishou's market value is less than 3000 billion, and the shares he holds are only worth a few hundred billion, yet no one is willing to take them over.
If Chen Jincheng could help Kuaishou restore its market value, it would turn his tens of billions back into hundreds of billions. He would want to treat Chen Jincheng like royalty.
"Mr. Zheng, I'll be troubling you a lot from now on," Chen Jincheng replied with a smile.
As for the shareholders who came earlier, they were only here for the final signing.
After all, with such a large share transfer, even if two powerful figures are pushing it from behind, there shouldn't be any problems with the authorities. However, the procedures still need to be followed. Once the shareholders' meeting signs off, they will have no further connection with Kuaishou.
Hong Lin couldn't help but sigh, glancing back at President Chen and the two big shots from time to time.
He truly regretted not listening to Mr. Chen back then; otherwise, he wouldn't have suffered such a huge loss.
Actually, he was a little unwilling, but he also knew that being unwilling was useless. If he dared to cause trouble, those two big shots would make him know what the price was.
In the conference room.
Chen Yixiao heard footsteps outside and knew that those people had come to deliver his ultimatum.
As the shareholders came in one by one, he smiled broadly but didn't bother to greet them.
What they did was tantamount to tearing off all pretense of civility.
Instead, he looked behind him, wanting to see what kind of characters these people had put forward, lest they end up being even worse than him, which would truly be a laughing stock.
However, he was dumbfounded when he saw the last figure to enter.
How could it be Chen Jincheng? (End of Chapter)