5173 former President Xing Xiangdong First Response: embezzlement is framed

From the initial start-up of the 3-person mini enterprise, to now have more than 3,000 employees, just seven years time 5173 has become the best service platform for domestic online trading services.　　Xing Xiangdong Anecdotal rumors, once known as the wind investment industry's top executives Xing Xiangdong, settled in Jinhua 5173 as the company's president, personal net worth hundreds of millions of yuan, now fled, and 5173 listed stalled also related to this. By the end of September, 5173 of China's online virtual trading supplies will be held in Hong Kong and will be listed in the fourth quarter as soon as planned.　　If the listing application is approved, 5173 will become the world's first consumer-to-consumer (individual to individual) E-commerce platform. Just yesterday, more than 80 departing employees and their families staged a sit-in at 5173 in front of the office building in Jinhua Li Li Road because their options were now canceled.　　And they are directed at former president Xing Xiangdong. Who canceled the options for these workers, where are the options flowing, and what is the reason for the 5173 stagnation?　　Reporter Yang Fali li na turnover employee: After the listing can enjoy the equity Shaopo, 28 years old, 2003 entered 5173, at that time only fifty or sixty employees, can be regarded as the first batch of employees. He is a customer service manager, the equivalent of the current customer service managers, management of a customer service team. "To put it bluntly, it is the intermediary who provides negotiation to both parties."　　"The 5173 was still very humble, like a small workshop, a little amateurs nature."　　7 years later, 5173 in the electronic commerce industry status is not the same, will soon be listed.　　This is what makes Shaopo happy. But now he is angry at heart, this matter from a few years ago--December 2004, 5173 developed into more than 200 companies, in order to motivate employees, the company decided to take out equity allocation to the contributing staff, Shaopo to 100 shares.　　He was a young man who had no idea what the option could do.　　In December 2005, Shaopo left 5173 for personal reasons, and the option proved to have been kept by him until now. In September of this year, after the news of the 5173 imminent listing, Shaopo remembered to have the company's option certificate in his hand.　　If the October 5173 Hong Kong successfully listed, then this issue of the warrants will bring him a small amount of income. "I reckon my 100 shares more than 100,000 dollars. "Shaopo said," But now the money is not know where to call Xing Xiangdong, he said canceled, when we left the time there is no right to do so, so our options are not, even an explanation is not.　　"After an old employee survey, there are exceptions to the turnover: the Xing Xiangdong team (including those who have left) can enjoy huge stakes."　　Shaopo said, and he had the same encounter, about 30 people, no matter what, have to be said. 5173 Company spokesman: The value of the option canceled is 5173 general manager of the companyFang Lu, who is in charge of the matter, said that the option issue involved more than 40 employees, and that the value of the option was cancelled. In 5173, a description of the incident reads: "There are 51 employees with options, of whom 41 have no reason to void their options (13600 shares), and 10 are" verbally licensed ", which will continue to be effective. "This is also the focus of protests by Shaopo, such as the abolition of options: Why are options canceled?" Why are they treated differently?　　Who approved these actions? "2004-2008, Xing Xiangdong was the president of 5173, and these were approved by him."　　Shaopo and others pointed the finger at the company's former president, Xing Xiangdong. "Within 3 months of separation, the employee shall exercise the company's authority, or the option will be canceled," the bear said.　　Said Fang Road. "Do employees who leave the rules know?" is the employee handbook or the option certificate written? Did you notify the departing employee before canceling the option?　　Faced with the doubts of reporters, Fang Lu said it was not clear. "As far as I know, the shares of those who have been removed from the option have been transferred to Xing Xiangdong, who currently owns most of the company's shares, and our chairman is only about 20% per cent." In the resolution or by the big shareholder Xing Xiangdong the final decision.　　"Xing Xiangdong embezzlement 34 million?"　　Yesterday, 5173 to Jinhua Municipal party leaders submitted a situation note: The original company president Xing Xiangdong suspected in 2004-2008 during the use of job facilitation, misappropriation of the company's funds to personal use, the amount of large, more than three months not yet. August 29, 2011, the company to the Jiangnan Public Security Bureau report.　　Jiangnan Public Security Bureau leadership attaches great importance to the law on September 8, 2011 on file.　　Jiangnan Public Security Bureau by the Investigation Brigade according to law detection, there is evidence that Xing Xiangdong has embezzled the funds of the company to the personal use of criminal facts.　　The company believes that Xing Xiangdong is the director of the company, the original president, with the identity of Singapore residence, there are escape, destruction of evidence, falsification of evidence, collude and other acts may be, should take criminal coercive measures (first detention or legal arrest) ... Fang Lu said, "Our Chairman trusts Xing Xiangdong until 2 years after his departure, this July or August, the company checked the accounts, only to find that he embezzled more than 34 million yuan."　　According to the regulations of the SFC, the shareholders of the company have criminal acts which are not disclosed to the society, and the legal representative is to be punished, so it has not been listed. "The money was spent on personal investment, and 9 companies were invested, mostly in the information field," he said. But the proceeds belong to him personally, not to the company.　　Xing Xiangdong: Saying that I embezzled public funds is framed for 5173 of the charges, Xing Xiangdong is another statement. "His phone is generally not answered.　　"According to the way provided by the side, yesterday evening, the reporter called Xing Xiangdong's mobile phone, the first response is" mobile phone can not be connected, "the second is" mobile phone is in the call. " For the third time, the phone has been through--"Hello, are you Xing Xiangdong teacher?　　asked the reporter. Yes。　　Xing Xiangdong's voice was calm at the end of the phone. "5173 of the company's employees say you have set aside their options, but many of your employees still have options. "There is no such thing as this, I commissioned a statement on 19th, which is not officially disclosed." "Can we have one?" "Yes, I'll fax it to you." "5173 company reflects you in the term of president, misappropriation of 34 million yuan of public funds, is this the case?" "This is absolutely framed, for this incident, my preliminary explanations and attitude statements are there."　　Xing Xiangdong's tone was a little agitated. "Well, I'll wait for your fax."　　"20 minutes later, Xing Xiangdong through the mail to the reporter sent a" lawyer statement ", and said" if there is a problem, you can contact at any time. "　　The statement wrote: Since August 2011, as a result of individual turnover of employees know the company's listing plan, to the company to restore and retain their options requirements, the company has provided a timely standard application form and declaration channels, in order to respond and deal with, the relevant matters can be resolved by legal means.　　At present, Xing Xiangdong in the domestic normal performance of 5173 company directors.　　The truth of the matter, we will continue to pay attention to the issue of how to solve the option problem of employee turnover.　　Link Xing Xiangdong: Former IDG China fund investment director, 10 years of investment in a number of projects, including Ctrip, such as home chain hotels, ebay network, good advertising network, the media, net and so on. 5173: China's largest virtual goods trading platform, 2002 5173 officially online.　　2004, the United States IDG Technology venture capital fund (IDG Marvell Venture Investment Fund) injected 5173. This is a professional network game to provide e-commerce services of High-tech Enterprises. Customer service and Operations center in Jinhua, Zhejiang, the company is headquartered in Shanghai, mainly responsible for the market and product operations. Share to: