Li Guoqing issued a long article: upholding the rights and interests of Dangdang shareholders under the legal framework

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Sina science and technology news on July 19 evening news, Li Guoqing in the micro blog again talked about the conflict with Yu Yu, said that in the future development direction and company management concept of Dangdang, the conflict with Yu Yu had been exposed very early, and he had been trying to avoid turning the work conflict into family conflict. She did not have the heart to implement the board resolution to persuade her to go home.
“Even after being forced into the palace, I still broke up with Yu with good will and sincerity. However, she wants to have both, seize power and make money. She neither cashes out at a reasonable price to other shareholders, but refuses to pay dividends. She even tries to buy out the small shareholders who have worked hard for dangdangdang today, pay their youth and have no regrets, so as to cover the sky of the company. ” Li Guoqing said that in court, on the one hand, she tried every means to delay the divorce, and even came up with a “mushroom tactic”. On the other hand, she planned a series of lawsuits and threatened that “Li Guoqing could not even afford to pay the lawyer’s fees”.
Li Guoqing said that the so-called profit growth performance of Dangdang is due to the substantial layoffs of 1300 people (some of which include mothers in lactation), and from time to time, they delay paying less or no bonus on the grounds of attendance, such as weddings, funerals, weddings and so on. As a result, employees are panic stricken, morale is low and there is no enthusiasm to speak of.
“I vowed to take over. I am not defending my rights, but contributing to the society a sustainable, healthy and high growth enterprise.” Li Guoqing said that through justice and justice for minority shareholders, employees and their families who have been unfairly treated, and through consultation, co construction and sharing, we can stimulate the energy of employees to create brilliance again. What’s more, it can save my efforts to establish and operate properly.
Li said he would continue to uphold the protection of shareholders’ rights and interests under the legal framework. Dangdang was once the pioneer of the national cultural Internet born and grown up in Beijing. In the future, it will open up new ideas and become the banner of the big cultural Internet again.
The following is the full text of Li Guoqing’s article:
Clear up the mood and start again, let Dangdang return to glory
In recent years, I have never had so much leisure to focus on life. In the days of time solidification, I miss my family and friends, review the success and failure, reflect on the process of taking over and think about the future. I am grateful to my late parents. My father gave me business sense, my mother taught me kindness. When I was a child, the picture appeared like a movie. My mother did needlework every day to subsidize the family. At the age of seven, I worked hard on the sewing machine to save my mother some energy. The best chocolate in my life is the one my elder sister bought for me with her first month’s salary. My sisters quit to help me start a business and work as a buyer and accountant for me. Yu asked them to withdraw after they appeared. They didn’t embarrass their younger brother and left without asking for anything. They didn’t say “no” in front of me, but they were scolded by her for no reason in October last year, and they have to bear with it. These days, they are worried about me and have trouble sleeping and eating. The fourth elder sister was admitted to hospital for heart disease. She took medicine and accepted persistent on-site understanding from the public security in the ward. Often think of these, I deeply owe my sisters too much.
I was lucky. In 1999, when China’s reform and opening up was booming and the Internet was in the ascendant, I founded Dangdang, China’s first online bookstore. In the first 25 years, we faced hundreds of competing companies, often in the back seat. I was in the same boat with my team, and saved myself from danger again and again. Many of them have also changed from colleagues to close friends. In terms of Dangdang’s future development direction and company management philosophy, Yu and I have been exposed for a long time, and I have always tried to avoid turning work conflicts into family conflicts. I didn’t have the heart to carry out the board decision to persuade her to go home. In retrospect, perhaps from then on, she began to take charge of power alone. I have always been proud of the advantages of being unguarded and blindly trusting the lovers who once loved each other, but unfortunately, it has become the biggest failure of my life. Until after being forced into the palace, I still broke up with Yu with goodwill and sincerity. However, she wanted to have both the advantages and disadvantages, seize power and collect wealth. She neither cashed out at a reasonable price to other shareholders, but refused to pay dividends. She even tried to buy out the small shareholders who had worked hard for dangdangdang today, paid their youth, and had no regrets, so as to cover the sky of the company. In court, on the one hand, she tried her best to delay the divorce and even came up with the “mushroom tactic”. On the other hand, she planned a series of lawsuits and threatened that “Li Guoqing could not even afford the lawyer’s fees”. only.
What makes me sad is that I paid a high price for kindness and credulity, which is not important. The government, the whole publishing industry and the cultural interface are worried about the stagnation. Now Dangdang’s so-called profit growth performance is backed by the massive layoffs of 1300 people (some of which include mothers in lactation), and from time to time delay paying less or no bonus on the grounds of attendance such as weddings, funerals, weddings, etc., which leads to panic among employees, low morale and no enthusiasm. It is the crisis of long-term sustainable development brought by sticking to the traditional book business in the comfort circle without innovation.
I vowed to take over. I am not defending my rights, but contributing to the society a sustainable, healthy and high growth enterprise. Through justice and justice for minority shareholders, employees and their families who have been unfairly treated, and through consultation, co construction and sharing, we can stimulate the energy of employees to create brilliance again. What’s more, I have saved my efforts to establish and operate the right. This is the motivation and background of my two actions at the end of April and the beginning of July this year. I am sorry to see that this well motivated takeover has had a wide social impact. In the past few days, I have made a profound reflection on this.
I will stand up stubbornly, brush the dust on my body, continue to move forward and lead dangdangdang forward bravely. I will continue to uphold the rights and interests of shareholders under the legal framework. Thanks for the support of “reading sooner or later” team, and the love of friends who know and don’t know each other. Over the years, we have cherished and supported all the relatives of Dangdang. Dangdang and I will not fail you! Dangdang was once the pioneer of the national cultural Internet born and grown up in Beijing. In the future, it will open up new ideas and become the banner of the big cultural Internet again.
Li Guoqing, founder and chairman of Dangdang
July 19, 2020