Friday, March 22nd.

The towering Tengda Building seems to be covered by a thick layer of dark clouds. In the past two days, outside the building, on the ground and underground, everything has been filled with an extremely depressing atmosphere.

Employees even walk lightly for fear of attracting the attention of supervisors.

The future prospects of the Internet super giant, which was originally full of vigor and arrogance, were suddenly cast a thick shadow, making people panic.

Rumor has it that someone has been quietly contacting me.

When disaster strikes, let's all fly together!

Of course, this is just a rumor. As long as HR does not issue a layoff notice, basically no one will take the initiative to resign. A skinny camel is bigger than a horse.

Looking at the whole of China, aside from Germination, is there any better place to go than Tengda?

Recently, the word "bud" has almost become a taboo within Tenda, and is also jokingly called——

"Tengda's lifelong enemy!"

Who would have thought that the netizens’ joking words would turn out to be a prophecy.

Top floor office.

Erye, Lu Jian, and Renyu, who had just finished the board meeting, gathered together again. The expressions on everyone's faces were solemn, and Renyu even had a hint of indignation.

Obvious.

The emergency board meeting was not very effective.

"The stock price has been rising before. Why didn't you ask for an explanation every year when dividends were paid? Now if the stock price fluctuates a little, you have to give an explanation. Bullshit!!!"

In private, in front of the second master, Renyu finally couldn't help but complain.

Just yelling!

But this kind of venting is actually a bit low.

Because to put it bluntly, except for the second master who holds slightly more shares, Lu Jian and Renyu are just wage earners and housekeepers for the investors behind Tenda.

What's there to shout about?

As a listed company, and one that went public very early, nearly half of Tenda’s shares are tradable shares, which belong to a large number of small and medium-sized investors.

Of course.

In fact, not many Chinese people have benefited from this.

In addition to the tradable shares, among the remaining major institutional shareholders, except for the founder Erye, most of the remaining shares are in the hands of overseas investment institutions.

It’s no wonder that Tenda is nicknamed an overseas company by netizens.

Sitting on China's perfect infrastructure, high-quality talent pool and huge market, they made a lot of money, but in the end, it was cheaper for overseas investors.

It’s no wonder that Chinese people have opinions about Tengda.

"Stop complaining and saying weird things. Now let's think about how to reverse the unfavorable situation at hand." The second master leaned on the sofa, looking a little tired.

I've been really exhausted lately, with bad news coming one after another.

The just-convened board of directors has actually reached a resolution to allocate 15 to 2 billion funds for buybacks in the stock market to boost investor confidence.

This is also the routine operation of listed companies.

Although the stock price fluctuates in the short term, in the long run, Tenda is still a mature Internet company. Riding the wave of the times, even if revenue does not experience explosive growth, it cannot be said to have remained flat.

The current stock price does not represent Tenda's future stock price, and there is still room for appreciation.

What needs to be done now is to boost market confidence.

An unusual operation is that Tenda's largest shareholder has informed in advance at the board meeting that after Tenda's stock price stabilizes, it will launch a three-year shareholding reduction plan to reduce its holdings by 10% in total.

This is the most fatal thing for Tenda.

Once the major shareholders begin to reduce their holdings, all the efforts made by Tengda will be wiped out in an instant.

But investors don’t care.

It's hard to bet on a big treasure once, and I won't let it happen again.

Especially since Tengda has reached its current size, even if it wants to reduce its holdings, it cannot be done in one step. It needs a long period of continuous reduction to prevent the stock price from falling too sharply.

By contrast.

In the original time and space, Tenda transferred the Jingdong shares it held in the form of shareholder dividends, which was very clever. It did not release a large number of circulating shares to the stock market, but also completed a large-scale reduction of holdings in a very short period of time.

Also saved a lot of cash.

"Boss, I always feel that there is something strange about what happened this week."

Lu Jian seemed to have something on his mind.

"What's wrong?"

"You see, first of all, what can be confirmed now is that we are heavily shorted by institutions in the stock market, and the actions of the three major rating agencies are more like coordination."

When this was mentioned, Lu Jian almost gritted his teeth.

These rating agencies appear to be sanctimonious on the surface, claiming to be "just", but in fact they are driven by interests behind the scenes. They are typical steamed buns that drink human blood.

"Tengda's stock price has rarely fallen, and it is normal for it to be shorted by institutions."

The second master didn't notice anything unusual.

The capital market is inherently volatile, and any slight disturbance can attract a pack of wolves, even capital predators lurking in the shadows, to take a bite and leave.

"But the problem is, the actions on the sprouting side are very unusual, as if they were premeditated. First, "PlayerUnknown's Battlegrounds" was launched, followed by a press conference held by Jade Bird Interactive Entertainment, and then came Weixin's major version update.

The actions follow one after another, as if they are cooperating with the capital market," Lu Jian said.

"You have a bit of a conspiracy theory."

The second master frowned slightly, "According to the news we have received, whether it is the internal beta test of "PlayerUnknown's Battlegrounds" or the update of Weixin's major version, they were all planned months in advance."

Tenda itself is an Internet company, and we know that these big moves are all in accordance with the plan.

Where can temporary arrangements be made?

"I still think there's something fishy here."

"Forget it, let's not talk about this anymore."

Seeing that Lu Jian couldn't provide any substantive evidence, the second master didn't want to dwell on this topic anymore. He looked at Renyu and asked, "Can ICQ also launch a mini program function?"

"It's best not to."

Renyu, on the other hand, is very firm, "ICQ is already bloated enough. If we add the mini program function, with the memory of current mainstream smartphones, users will probably curse."

This chapter is not over yet, please click on the next page to continue reading! "But..."

Just when the second master was disappointed, Renyu continued.

"My suggestion is to create a minimalist version or a speedy version of ICQ, which removes all the original functions of ICQ, fully benchmarks Weixin, and only carries functions such as friend circles, official accounts, and mini programs."

"That's a good idea!"

There was finally a glimmer of light in Erye's eyes.

"But this operation will affect the interests of many departments." Renyu reminded in a low voice.

Launching a minimalist version of ICQ is not an amazing idea in itself. It has been discussed internally before, but it was not implemented because it would touch the cake of many people.

It's just that things are different now.

To be exaggerated, Tengda has stood at the crossroads of life and death.

Some trade-offs must be made.

"Touch, just touch."

The second master was also very tough this time, "As the saying goes, if you don't break, you don't build. If you break, you build. We just take this opportunity of revision to conduct an in-depth review of the group's organizational structure and business."

Cutting off map, search and other services before can only be regarded as pruning branches.

And now.

Faced with the pressure from the board of directors, Erye was ready to operate on the trunk of the big tree called Tenda.

In fact, with the rise of the mobile wave, many so-called direct businesses within Tenda have become increasingly outdated, such as ICQ Space, ICQ Show and other businesses.

It's obviously out of date, but it's still retained because of the entanglements of interests involved.

It's even mixed with intra-departmental strife.

Hearing this, Lu Jian raised his eyelids, but after all he did not raise any objections. He could feel the firm determination of the second master, and said following the trend: "Taking advantage of this change, we can abolish some untimely departments and eliminate some redundant employees.

Minimize expenses and maintain the group's cash flow."

Because it has to use funds to buy back in the stock market, Tenda's capital chain is already very tight.

"Very well, you are responsible for this matter."

The second master cast an approving look at Lu Jian. He was obviously very satisfied with Lu Jian's awareness of current affairs and his ability to protect the overall interests of the group at critical moments, rather than his own small circle of interests.

"good."
To be continued...