Business resume.

The net name is Shang Xuesong in Jiangnan, hide the sword. He is currently the president of Tencent Literature. He is the general manager of starting point and one of the founders of starting point.

Shang participated in the creation of the starting point in 2002. As the main person in charge of the starting point, he planned and developed the starting point website. The reading website mode he founded has become the most competitive and advanced website architecture and presentation mode in the industry, and has been imitated by many websites so far.

As the creator of online reading platform mode and a senior expert in website UE architecture and user behavior, Shang Songxue has been committed to optimizing the website, standardizing the classification, listing, recommendation and signing system of online literature and the user's reading behavior process, creating numerous reading functions and novel author-reader interaction system, and comprehensively promoting the upgrading process of the starting platform. Driven by the writer system and fan system established by him, the writer's marketization, branding and stardom have accelerated rapidly, and he has gradually got rid of the single reading and writing presentation, and his market value and copyright operation are fully open.

2065438+At the end of March 2003, Shang resigned as the general manager of the starting company.

201April 16 Shang joined Tencent as the president of Tencent Literature.

In March of 20 13, the starting team left the company collectively, and the iron bucket of online literature opened a huge crack. The founding team at the starting point resigned collectively, which is still one of the founding teams, and most of the core editors also resigned. At the same time of pan-entertainment, the original literary content is a piece of rough jade, and at the same time, it has the valuable value of copyright resources and mobile Internet portal, which is coveted by everyone. Today, this "priceless treasure" is divided into two parts: the starting point and the founding team.

Leaving process

On March, 2065438+2003 1 day, the writers' conference was held in Hangzhou. The starting team and management team of Shangshang communicated with some core editing teams and key "Great God" authors and asked them if they were willing to leave the starting point and jointly set up a new station.

As early as February 20 13, the news that the starting team contacted Baidu had already spread in the industry. The starting team members jokingly complained that Baidu's internal information was exposed too early.

On March 1 day, 2065438, Hou Xiaoqiang received multiple reports one after another, and the starting team had to leave. He asked Wu Wenhui and got a negative answer. Anxious Hou immediately reported to Chen Tianqiao, chairman of the group, and Qiu Wenyou, president of the group. Chen Tianqiao called Wu Wenhui, and the answer was still denial.

At this time, the starting point of the founding team has really not made up its mind to leave. They are still reluctant to start, thinking that there really is this child to raise by themselves.

In 2002, Wu Wenhui, Shang and others set up a starting point, and set up a VIP reading fee model of 2-5 cents per thousand words, and gradually cultivated a proud writer ecology.

In 2004, Shanda acquired the starting point with a total investment of $2 million, which laid the first piece of Shanda literature and is also the most important cornerstone so far. Since then, the founding team such as, Shang has been managing the starting point. The information provided by some potential investors who have been exposed to Shanda Literature may reveal the weight of the starting point: 20 12 years, Shanda Literature revenue 108 billion yuan, and the starting point revenue is 360 million yuan; Shanda Literature's annual profit slightly exceeded 654.38 billion yuan, and its initial profit was about 70 million yuan.

In 2008, Shanda Literature was formally established. Through the acquisition, the asset structure of 10, including many original online literature websites and offline publishing houses, has been formed.

On 20 1 1 year, Shanda Literature submitted an IPO application to the US Securities and Exchange Commission, but it has not yet been completed.

On the morning of March 1 March, 2065438, Qiu Wenyou, president of Shanda Group, said in an interview that Shanda Literature is not for sale. But in fact, Chen Tianqiao's own will may not be so firm, and Qiu admits that he keeps receiving quotations from investors from all walks of life.

In the middle of 20 12, Wu Wenhui and his team proposed the starting point MBO (management buyout) plan to Chen Tianqiao. Wu got the support of a powerful PE and planned to take over the starting point and operate independently. Please exit. The plan is not smooth, the problem is the price. The initial bid for Wu Wenhui's team MBO plan is $400-500 million, while Chen Tianqiao's bid is $800 million for the starting point and $800 million for Shanda Literature. Chen Tianqiao doesn't believe that Wu can succeed. "The price of $800 million, I didn't find a buyer in the world. Can you be better than me when dealing with capital? "

As a result, the founding team of the starting point began to withdraw, and it was indeed intended to force the palace to resign collectively. However, the plan leaked out in advance.

The meeting on March 20 13 1 day became the fuse of the crisis. After returning from Hangzhou, the starting team found that the internal atmosphere of the company was extremely tense. On March 5th, 20 13, Chen Tianqiao, who was still attending the two sessions in Beijing, called Wu Wenhui to Beijing for a talk on a starry night. It is revealed that he and Chen mentioned the topic of MBO again that night, and Chen Tianqiao also expressed his intention to retain it. He even suggested that the Wu Wenhui team could become the operator of the company, and the equity could be discussed.

This night, the words are not finished, and the bureau is pending. The next morning, more than 20 people from Shang's starting core team collectively submitted their resignations. At this point, the two hands of the starting team have been spread out, and there are still 30 days to work after submitting their resignation. They hope to fight with each other in the meantime.

On the afternoon of March 6, 20 13, the situation went from bad to worse. Wu Wenhui is still on his way back to Shanghai, and the official of Shanda Literature has sent an open email, announcing the acceptance of the resignation application of the founding team, and clearly reminding those who want to leave to abide by professional ethics. At the same time, Hou Xiaoqiang announced the starting point of taking over, and immediately sent a team to settle in, talked with the employees who had not left their posts, and announced the new management mechanism and personnel arrangement. "I was deceived at that time." A Shanda Literature executive said that everything came too suddenly. For Hou Xiaoqiang and Wu Wenhui, this was an accident.

On the afternoon of March 7th, 20 13, a starting employee who didn't resign poured out the chaos in the office. The remaining employees were called to a meeting, and the founding team violated the overall strategy of the company and hindered the development of the starting point.

2065438+On March, 2003 1 1, Chen Tianqiao sent a mass email in Shanda, expressing his support for Hou Xiaoqiang, saying that Hou Xiaoqiang was recognized by him when he announced his acceptance of the resignation of the starting lineup. During this period, Hou Xiaoqiang issued a series of statements to strengthen the welfare of writers.

2065438+March 2003 17, Hou Xiaoqiang released the recruitment information of editors and chief editors with "unlimited conditions and preferential treatment".

20 13 2 12003, Wu Wenhui chose to give up the starting point. He sent an email to the PE who supported him all the way, and sincerely apologized that the MBO plan was over.

Until the end, this PE is still striving for it and even willing to raise prices. But Wu and his comrades-in-arms don't want to entangle any longer. The following teams and screenwriters are gearing up and eager to open a new world. The pursuit of many investors has also led to many speculations. Wu Wenhui needs to start a new story as soon as possible.

2065438+On March 25th, 2003, Wu Wenhui officially submitted his resignation, and he is expected to leave in early April. Shang Yu resigned as the general manager of the starting company at the end of March 20 13.