Since Facebook launched its newsfeed, the competition between Facebook and MySpace has become a foregone conclusion.
At this time, Facebook was soaring to great heights. It was not only popular abroad, but also in China, Facebook had become incredibly popular, with 75% of Chinese netizens having registered a Facebook account.
If Facebook and ICQ weren't both subsidiaries of the Wujiang Group, ICQ would probably have also engaged in rampant plagiarism and launched a similar social networking site.
Wujiang Building.
Zhao Ye was thinking and pondering something.
"Currently, Facebook, ICQ, Baidu, Alibaba, Taobao, and Amazon are all owned by them. They have basically established their dominant position in the internet industry. To be honest, their monopolistic nature is indeed too serious!"
"If Wujiang Group continues to hold shares, it will inevitably attract envy."
"Even the government probably wouldn't allow Wujiang Group to do this."
Zhao Ye stood up and paced around the empty office for a few steps. Suddenly, his eyes lit up, and he murmured, "Currently, the global internet industry is still in a downturn. The market value of the listed internet companies under Wujiang Group is not very high."
"However, we are about to enter a period of rapid growth for internet companies... Rather than letting American investors enjoy the benefits, it would be better to bring them back to China!"
"In that case, let's just delist all of Wujiang Group's listed internet companies from Nasdaq."
"Then it will be listed domestically!"
Thinking of this, Zhao Ye stopped in front of the floor-to-ceiling window and looked down at the entire city.
The Wujiang Building, standing at 828 meters tall, offers a vantage point for contemplating life. It inspires a sense of expansiveness and grandeur, making one feel compelled to discuss current affairs and express oneself eloquently.
Zhao Ye was well aware that if internet companies listed on Nasdaq, their market value would definitely surge. However, if they listed domestically, their market value might shrink significantly.
However, after a moment's thought, Zhao Ye decided to return to China to list the company.
In this way, not only can domestic stock market investors and business owners enjoy the benefits brought by the rapid development of internet companies, but this opportunity can also attract foreign capital to flood into China, promoting the development of Wujiang Group and even China.
Thinking of this, Zhao Ye took out his phone and notified his secretary, Liu Yinyin, to have the listed internet companies hold a meeting the next morning.
...
Around 9:30 a.m. the next day.
In the senior management meeting room of Wujiang Group, more than ten CEOs of listed companies arrived at once.
Tang Letong, Tim Berners-Lee, and others were puzzled, wondering why their boss had suddenly asked them to attend the meeting.
Zhao Ye was the last to arrive at the conference room. He walked in, greeted everyone, glanced around to make sure everyone was present, and then got straight to the point: "Currently, the global internet environment is still in a downturn, and the market capitalization of listed companies is very low. Therefore, I plan to delist these internet companies from NASDAQ!!!"
The words immediately caused an uproar.
Although the United States is not as advanced as China in areas such as technology and manufacturing, its financial sector remains very strong.
Listing on NASDAQ is a dream for many entrepreneurs, as it not only demonstrates the company's strength but also boosts its reputation and market value.
Some people didn't understand why the company wanted to delist.
Tim Berners-Lee frowned and asked疑惑地问道, "Boss, as long as the overall global internet environment improves, the company's market value will skyrocket. Why do you want to delist?"
After thinking for a moment, Zhao Ye stated frankly, "There are several reasons. The first is, as I just mentioned, the company's market value is too low. The second reason is that delisting and then relisting will allow us to raise more funds and make a fortune. The third reason is that I have a super plan coming up soon, which is to promote the listing of Wujiang Group's subsidiaries in China and develop China's financial industry. The fourth reason is to attract foreign capital!"
Foreign capital is flowing into China instead of the United States. As a result, the gap between the United States and China, as well as their development potential, will only widen.
Tim Berners-Lee is British and not particularly fond of the United States. He has now settled in China and enjoys the Chinese cuisine, customs, culture, hospitality, and more.
Moreover, China's rapid development has shocked the world, while Britain is just a small country that has fallen far behind China. Tim Berners-Lee has successfully applied for Chinese citizenship and is now a powerful Chinese!
Upon hearing Zhao Ye's explanation, he immediately understood Zhao Ye's intention and couldn't help but admire him greatly.
Their admiration was like a surging river, flowing endlessly.
A pillar of China, a hero of China...
Tim Berners-Lee was deeply moved.
After hearing Zhao Ye's explanation, the others stopped talking. Although it would affect their earnings, it wouldn't be much, since they didn't own many shares themselves, and Zhao Ye preferred to give them high bonuses.
"Chairman Zhao, do you plan to list the company on the A-share market or the Hong Kong stock market?" Tang Letong asked.
“I will apply to the domestic A-share stock exchange for an A/B share system. If it is not approved, then I will choose to list in Hong Kong!” Zhao Ye thought for a moment before answering.
In order not to lose control of the company, Zhao Ye must implement an A/B share system, that is, "different voting rights for the same shares". In this way, even if Zhao Ye cashes out the shares in a frenzy in the end, he can still firmly maintain control of the company with a small number of shares!
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