Chao revealed Grand takeover Truth 99% report inaccurate

In the chaos, Sina finally Farewell Yan (original Sina CEO, current Sina Vice chairman), ushered in its fifth CEO ——— Chao. In the industry's view, the new helm with a journalistic background is better versed in Sina's core ——— news business than Sina's predecessors, and he has a more professional knowledge of financial management.　　But where will this Cao Chao take Sina? "If I had been in the position of CFO and I had doubts about my role as CEO, I would say that this is a common phenomenon abroad," he said. And I believe that this experience will only make me more rational than the previous CEOs.　　In a recent face-to-face conversation with the Shanghai Oriental Morning Post reporter, Cao Chao, who has just taken office, said the media did not really know him. As you can see, Cao Chao, a graduate of journalism at Fudan University, not only has a deep background in journalism, but also has senior financial expertise.　　Perhaps it is this background that more or less makes its career more colorful.　　Chao admitted that a CEO's personal qualities do have an impact on the company's operations, and said that Sina's CEO also has its own characteristics, and its 7 years in Sina, "fought" the various departments of Sina, different positions let it in different ways of thinking about the development of Sina thinking. "Whether facing Wall Street investors or the media, I would say that it takes time to think about Sina's development and not to have a whim to open up a new business." In fact, I have been involved in some of the decisions made by Sina, and I am not a new participant for Sina. Just now this position can let me look at the problem from a different angle, to have a reflection on the past.　　Charles Chao smiled. In Chao's words, the urgent task now is to make the public have a clear understanding of Sina. "Although the current Sina news business is the most prominent, but this is not the whole of Sina." Sina's core is still the portal, which will make it competitive now and in the future, but the question now is how to turn brand influence into profitability. I believe that as long as it is in line with the interests of the company and directors, we will do it, of course, it does not exclude the cooperation of business or even equity. "While reiterating that Sina is not in contact with any company at present, but when talking about last year's Grand Lightning stake in Sina, through the two-tier market to obtain Sina about 19.5% of the shares and become the largest shareholder of Sina's event, Chao eyes a hint of cunning," The grand entry is a chance, 99% of the reports were inaccurate.　　He said it was the most rewarding and memorable experience of his career, and he will write a book in the future to reveal the wonderful process of the two sides playing in the capital markets. "At that time Yan in France, Shanda Company can not contact him, I was in Australia, happened to phone boot, Chen on the phone to find me." Although familiar with Chen flyover, Chao said he was surprised to learn about the grand takeover of Sina, and returned immediately to attend the boardWill discuss the strategy and launch the poison pill scheme. Despite the lapse of more than 1 years, Chao still recalls with emotion that the team he led was almost the world's top capital operator, with a lot of dramatic changes in two or three days, more complex and more interesting than the media reports. This is the first time a U.S.-listed Asian company has bought another listed company through a two-tier market, and we have all become historical witnesses. "Although the" poison pill program "that stopped Shanda from launching another attack on Sina was born in Chao's hands, but Chao said it does not reject the grand cooperation," We have started some dealings in the business, but for the capital market and equity cooperation, still depends on the shareholders of both sides in the best interests. " ”