My Dad Is The Richest Man In The City

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"If Mr. Lin Yu hadn't wanted to prove himself at that time and hadn't created an umbrella company, perhaps there wouldn't be an umbrella company today!"

The host was also very emotional about what Lin Yu said.

Of course, everyone also admires Lin Yu.

Before the rise of the umbrella company, everyone's first impression of him was indeed that of "Lin Huayun's son" and "the son of the richest man". What Lin Yu did and achieved were almost normal.

It wasn't until Umbrella Company launched WeChat that it instantly became popular all over the world, and Wall Street's valuation of Umbrella Company exceeded 100 billion SoftMei coins, did everyone really change their impression of Lin Temple.

Everyone is applauding, applauding Lin Yu for wanting to prove himself and choosing to create an umbrella company!

"Actually, even without me, another company like this will emerge in the future!" Lin Yu said: "The establishment of the umbrella company was decided long ago and had perfect planning!"

"Everyone knows that the Umbrella Company started by acquiring game companies and establishing Umbrella Games. Then it created an ecosystem around games, novels, movies, animations, and live broadcasts. At this time, it was actually accumulating funds and users to prepare for WeChat. , and WeChat is also preparing for Didi...!"

"Because my computer skills are pretty good, I also know some very powerful people on the Internet, and we can chat with them. We all talk about the development of the Internet, the development of computers, etc. Later, my identity was also exposed, and some Part of the academicianship was my own choice, and part of the reason was that they found out my identity, and because I was born in a good place and had funds, I was elected to set up an umbrella company!"

"The logo of the Umbrella Company is an umbrella, red and white, which represents that we are many forces gathered together to weave an umbrella to protect everyone from the wind and rain!"

"When Umbrella Company was founded, its goal was to become a world-class company that could become a culture of China..."

Lin Yu started to brag.

The people he said he met on the Internet were naturally fake; the meaning of the umbrella symbol was also something he came up with.

What he wants to do is to mislead everyone into thinking that there is a powerful team behind him.

The host also asked: "What aspects will the future umbrella company involve?"

Lin Yu pondered for a moment and said: "I dare not say this for now. The entire umbrella company is to form a complete ecosystem. This is the most important thing!"

"So, we also have some friends on site who would like to ask Mr. Lin Yu some questions. Is that okay?" the host asked.

Lin Yu nodded and said: "Okay!"

A man in his thirties held the microphone, stood up, and asked: "I would like to ask Mr. Lin, currently TT Group's e-commerce platform - TT Shopping has occupied 80% of the market, and WeChat Shopping is online , will it have an impact on TT Shopping? In other words, why does Mr. Lin still want to enter this field? After all, TT Shopping is also your father’s company!”

Lin Yu heard his question, nodded and said: "In fact, I have discussed this issue with my father a long time ago, whether to connect WeChat to TT shopping, or to connect Amazon to WeChat, or to create an e-commerce platform by myself."

"Finally, I decided to create an e-commerce platform myself!"

"The positioning of WeChat shopping is different from TT shopping; just like WeChat itself and TT, the relationship between the two is not very big!"

"The positioning of WeChat Shopping from the beginning is the global market. The global merchants that WeChat Shopping has settled in cooperate with the global express delivery business to create a global platform, not just domestic!"

After Lin Yu finished answering, a man in his forties stood up holding the microphone and asked a question:

"I would like to ask Mr. Lin, as for what everyone said, you attach too much importance to the company's shares. All subsidiaries of the umbrella company have absolute controlling rights, and the company does not have equity incentives. There are heads of subsidiaries who execute the Only directors and CEOs can allocate shares? Will this cause problems for the company?"

"This is a good question!" Lin Yu said: "I have never been stingy about the company. The treatment of the umbrella company and its subsidiaries is definitely the best in the world.

"For the senior management of the head office, I said from the beginning that the company will not have equity incentives, but the company's remuneration will be very high!"

"This is not because I am stingy, but because I do not allow the company to escape my control. Currently, the Umbrella Company is still under my control, but after the Umbrella Company goes public, it may not be possible!"

"So, the umbrella company will never go public!"

"The subsidiaries under the umbrella may be listed, so they will retain absolute controlling rights to ensure that the company is under control; when the subsidiaries introduce cooperative companies and investors, they choose to help the company's development. people!"

"If it doesn't help the company's development, I don't have to consider bringing in shareholders, because I don't know how to make money..."

"If a subsidiary goes public, the company's senior executives can also subscribe for some shares!"

If a company wants to be listed, there are requirements for the company's shareholders, circulating stocks, etc.

0…………Please give me flowers…

China’s domestic requirements:

(1) The stock has been publicly issued with the approval of the Cabinet Securities Management Department;

(2) The company’s total share capital is not less than RMB 30 million;

(3) Publicly issued shares account for more than 25% of the company’s total shares;

(4) If the total share capital exceeds 400 million yuan, the proportion of public issuance shall be more than 10%;

(5) The company has no major illegal activities within three years, and there are no false records in the financial accounting report.

This is a domestic listing requirement, while in the United States, it is a requirement for companies to go public;

(1) The number of stocks held by the public is no less than 2.5 million shares;

(2) There are more than 100 shareholders, and the number is not less than 5,000;

(3) The company’s stock market value is not less than US$100 million;

(4) The company must have made continuous profits in the last three fiscal years, with no less than US$2.5 million in the last year, no less than US$2 million in each of the first two years, or no less than US$4.5 million in the last year. The total amount is not less than 6.5 million US dollars

(5) The company’s net tangible assets are not less than US$100 million;

(6) Multiple requirements for the company’s management and operation;

(7) Other relevant factors, such as the relative stability of the company's industry, the company's position in the industry, the market situation of the company's products, the company's prospects, the public's interest in the company's stocks, etc.

If you want to be listed in the United States, there are regulations that require the company to have no less than 5,000 shareholders holding more than 100 shares.

Before many companies go public, their senior and middle managers have internal allotments or options.

Everyone knows what Lin Yu said about the company's shares.

The people who can sit here are not ordinary people. They are basically the company's elites. They at least understand the company's management.

Lin Yu's shares in the umbrella parent company have dropped a lot, so the umbrella parent company will not be listed, but the subsidiary can be listed.

No one said anything like Lin Yu. After the company went public, there were not a few founders who were kicked out of the company:

Steve Jobs of Apple; Ryan and Sandy, the founders of Cisco; Xu Yong, one of the founders of Qiandu; Jerry Yang, the founder of Yahoo; which one of these was not a once-powerful figure?

Whether it is Apple, Cisco, Yahoo, Qiandu or other companies, which one does not have a market value of tens of billions or hundreds of billions of dollars?

The parent company of the umbrella company is not listed, and there are no allotments or options for the senior management. There may be incentives or purchase rights for internal shares of the subsidiary. There must be relevant opinions within the umbrella company about the specific situation. .