2012年2月28日星期二

Sina micro bo equity structure reasonable?

The two years, sina micro Po red through half the sky, "all well water place, will song micro bo". Sina micro bo fire, its equity, of course, is industry, media, investors the focus of concern. The last two days, sina micro bo equity structure finally emerging. So, sina micro bo's ownership structure is reasonable, the equity difficulties in where? Here we discuss the simple. ?Sina micro bo equity structure reasonable? ?According to public data shows, sina has been registered in the cayman islands the micro bo's overseas agreement sina control company T.C NCorporation,New Era Hats sina is the holding company of the actual business bo, sina has 100% stake, plan to extend the option of employees in after diluted 15.9% of the total stock of, sina management will hold among them 5.7%. ?In China's Internet industry, the ownership structure, more accord with the rules of the industry, also accord with sina micro bo the needs of the development of the future. ?First of all, from the entire Internet industry, 10-20% is the option incentive means traffic industry, sohu travel had 17.7% of the equity will give employee, sogou employees will receive 15% of the options, when given the employee option at 15%, according to this view, the proportion of sina's option should be general practice. ?Second, the growth of the micro bo from sina to see, if do not have the appropriate incentive means, sina may be difficult to maintain the stability of the micro bo team to manage the fierce market competition. At present the core of the micro bo sina team, from operation, markets, products, and other staff, all encounter tencent and sohu out of the current salary several times to dig the horns. Even if is the worst performance of sina rich employees, tencent and sohu open the salary is not hesitate, let employees for their own value sina doubt. Equity incentives in the long run, to sina and sina micro bo is able to maintain competitive good thing. There is no doubt that the Internet industry competition too intense, must provide plenty of incentive means, to attract and sustain management and key personnel. If the bo to play a protracted war, this is required. ?Sina micro bo's equity difficulties in where? ?Sina micro bo, from the start relying on sina.com, through the joint efforts of sina employees fight a current scale, sina micro bo's equity incentives must want to measure of various complicated factors, this is sina micro bo's equity is the most difficult point. Therefore, sina management care most should is sina micro bo's equity incentives how to balance investors, employees, sina micro Po and sina relations. ?Sina and sina micro bo to the relationship, the existing investors can need not worry, sina hold the Po's 100% equity, all micro bo options in micro bo before the IPO exercise. If the bo start IPO, sina when will still is the Po's majority shareholder. According to international practice after the sale to the public listed shares in 20-30% of proportion, sina still hold sina micro bo about two-thirds of the shares, and ensure the micro bo's performance can sina merger to sina in the listed companies, to ensure the existing sina shareholders. ?The difficulty of solving, can let as all parties, and at the same time, the proportion can balance let investors share to the rapid growth of sina rich performance, the staff of sina has certain incentive levels; Sina management in the micro bo equity incentives, occupy the applications is not much, can be understood as the management and staff willing to share the development of sina micro bo. ?Sina micro bo equity perspective do-do management? 2009 years after MBO,NHL Jerseys CaoGuoWei has publicly said, will let more employees involved in the equity investment and equity incentives, so that the management and staff the interests and the interests of the company more closely connected. Back then, sina micro bo already making headlines, and also it is regarded as a company sina whole transformation of the key. ?In talking about sina micro bo architecture, CaoGuoWei also emphasized for many times that, the bo is a new business, and from the start, set up a separate subsidiaries department to do so that you can maintain a kind of independent thinking, to an independent Angle of view, building the independent architecture. Look carefully at the development of sina micro bo, from the first independent team, to separate the bo division, then registered the dream chuangke network science and technology (China) Co., LTD, Beijing micro dream chuangke network technology Co., LTD, to register now wholly owned holding company T.C NCorporation. The past in the past two years, sina micro bo do keep the height of independence, and an independent development business will need an independent incentive system, and it also accords with the rule of Internet and spirit, that is, with the staff to share and create value for shareholders. ?So, faced with many difficulties, sina will sina micro bo 15.9% of total equity loans to the practice of staff, actually is to need courage and also worthy of praise. ?Other bowen: business is like ZiJiaYou advised jobs don't "commit iniquity" open letter Microsoft takeover Skype: love is not you want to buy can buy... They, sit not to live... Yahoo AndroidInside playing dumb why: the history was born China's Internet nasdaq dream drunk and wake the bo promotion this something who is search engine challenger? The business development of avoid by all means is a move value China's Internet channel grassroots entrepreneurial opportunities in mobile payment attrition fight?

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