At the beginning of the board of directors, all seven board members were present, plus senior executives such as Ma Wenxuan, Chen Tong, Wang Feigao and Peng Xiaobin, who attended the meeting, were crowded with people in the conference room.

The person responsible for convening the board of directors is Chairman Cao Wei. He joined Xinlang in 1999. Since his position as Vice President of Finance, he has been working in Xinlang for more than ten years and is considered an old minister of the three dynasties.

Below Cao Wei is former chairman Wang Yan, and one of the founders of Xinlang.

When Xinlang was still called Sitonglifang, Wang Yan was the Minister of the International Network Department. It goes without saying how old he is.

Nowadays, people represented by Wang Yan can be called conservatives, while Cao Wei is a radical. The two factions have completely different plans for the development of Xinlang.

Most of the elderly support Wang Yan, but unfortunately, under the wheel of the times, no matter how old they are, they are defeated under the radical attacks.

Last year, Wang Yan's wrong judgment on VB strategy directly led to Cao Wei's rise to power, but he still retained part of his power.

This time, the board of directors divided the power between Wang Yan and Cao Wei again, either Wang Yan made a comeback or Cao Wei completely liquidated.

Next is another old Cao Cao Fengde, who comes from the beautiful island. He belongs to a neutral faction that is transcendent and rarely intervenes in the struggle between Cao Wei and Wang Yan.

Then there is Zhang Yisong, who represents the interests of the major shareholder. The so-called shareholder interests are profits, which means the stock price. It is obvious that Zhang Yisong will tend to be like no one.

Next is Zhang Yichen, who also represents the major shareholder, but has a bigger background because he represents Xia Xin.

Anyone who does big business in China must know what Huaxin represents. It never represents the wealth on the surface, but also the will of many countries behind it.

A company like Xinlang, which starts with news and information, and has a public opinion position like VB, must have shareholders like Huaxin, so as not to go off the line!

Next is Liang Zhang, the founder of Ctrip Travel, who has become Xinlang's independent director for 10 years. He and Wang Yan are old friends, and Wang Yan also advocates the invitation to Xinlang, and his tendency is easy to judge.

Finally, it was Li Rui, who was also the youngest newcomer on the board of directors. It was his first time meeting with several directors. After a few warm greetings, he sat down very humbly.

Seven board members took the seat, and other executives also sat down one after another, and the meeting officially began.

At the beginning of the meeting, the secretary of the board of directors first announced the financial report for the first half of the year.

To be honest, the situation is not optimistic.

Throughout the first half of the year, although VB continued to be popular, crushing several competitors and becoming the well-deserved first VB product in China, and making many attempts in commercialization, VB's overall revenue was only a pitiful 22 million magnesium, which was even worse than the revenue of "Sugar Cube Legend" for one month.

Xinlang's overall revenue was 130 million magnesium, of which advertising revenue was 103 million magnesium, non-advertising revenue was 28 million magnesium, and net profit was 33 million magnesium.

How to say this revenue, at least it is profitable.

But compared with the revenue of other domestic Internet giants, such as Ali Penguin Qiandu, Xinlang is too pitiful.

If you compare it with histogram, it would be like the photo taken with Hao Ming when Tang Shi went to Meiguo Country. One was so tall and the other was so short. The difference was too far!

After all, it can be regarded as the first batch of giant companies in the domestic Internet industry. Xinlang's revenue and profits are even lower than those in one department!

Especially the development of VB is even more heartbreaking.

VB did make a lot of money, but not money. Not only did it not make money, but it also lost a lot of money. In order to compete with competitors such as Penguin Fox Network Instrument, Xinlang paid a lot of promotional public relations expenses.

In just the first half of the year, VB lost as much as 55 million magnesium. This amount of money is nothing to Penguin, but when it comes to Xinlang, it is a bit like a straw that breaks the camel's back, which makes the whole company breathless.

With the depression of Fox and Net Restraint, the only competitor of Xinlang VB is left Penguin VB, but no one knows when this VB battle will last. No one knows how much money it will lose. So after hearing the financial report, everyone's face twitched a few times, and only they themselves know what they were thinking.

Losing money is not the main problem. The key is how VB develops next, and everyone is not sure about it.

The object that can be referred to Twitter still has no specific listing schedule. Although Twitter's revenue in the first half of the year reached 150 million magnesium, its losses still exceeded 40 million magnesium. No one knows how long the patience of investors in magnesium countries can last for "not profitable for the time being".

Once Twitter can be listed with a high market value, VB's future will be bright and unlimited.

Once the listing of Twitter is blocked or the market value is very low, VB's future may be like the dying group buying websites in China, where they cannot survive or die.

Therefore, peers may not be enemies. The one in the world who most hopes to make a big profit in Twitter is his brother Xinlang, who will make money on the market as soon as possible!

After the financial report was announced, the meeting fell into a brief silence.

Cao Wei said: "Are you any questions after hearing the financial report?"

No one makes a sound.

Cao Wei said: "Since everyone has no problem with the financial report, we will raise our hands to vote whether to pass this financial report. After it is approved, the financial report will be announced to the public within fifteen working days."

Everyone raised their hands.

There is nothing to say about the financial report, so it will be published as it should be published. The key lies in the information hidden behind the data.

The second stage began to enter a formal confrontation.

The first issue is that according to the agreement when Wang Yan retired last year, Cao Wei's term of office as chairman only ends of August, which is a compromise plan for the transition period.

Now Cao Wei's term of office is coming soon and a new chairman needs to be elected.

Whether Cao Wei continued, Wang Yan returned, or a third person appeared, there were actually various consultations and negotiations in private. It can be said that the play was finished off the stage, and now there is only the stage of raising hands to vote.

After reading the charter for the election of the new chairman, the secretary of the board of directors said: "After the previous election, we currently have two candidates, one is Mr. Cao Wei and the other is Mr. Wang Yan. Are there any other recommended candidates for each director?"

Of course no one will make it boring.

"Then we will vote on the next chairman of Xinlang now. If you agree to Mr. Cao Wei as chairman, please raise your hand."

Cao Wei raised his hand first, and Li Rui followed closely behind. He came here this time to make a special trip for this vote.

Then there is Zhang Yisong. As the representative of the major shareholder, he wants benefits.

Between Wang Yan and Cao Wei, Zhang Yisong chose Cao Wei, that is, he chose to support Cao Wei's development path, abandoned the portal, and focused on the new core of VB!

The board of directors has a total of seven members and can only pass the resolution with at least four votes.

Wang Yan will definitely not join Cao Wei, and Liang Zhang and Wang Yan have always had close relationships.
Chapter completed!