China Mobile executives appear in Beijing dismissed

Zhang from each reporter by reporters from Beijing

China Mobile Games Group, subject to changes in personnel changes, last week's share price cliff-style plunge 22.57%, and the Nasdaq suspension, the market value of nearly 100 million US dollars loss.

Yesterday (June 25), relevant executives from China's mobile game dismissal appeared in Beijing in response to recent questions and said the issue team will be concentrated in Beijing. Former China Mobile Games CEO Ying Shuling is still in charge of the issue line.

Xiao Qun, China's hand travel chief executive, told reporters including the Daily Economic News that the purpose of this adjustment was to focus the distribution business of China Mobile Games on Beijing but exorbitant rights to the distribution team before , Encountered resistance in moving the management team northward and chose to remove nine senior executives first.

In the more aggressive way of "delivering work within three days," Yingling should take the lead in surrendering the rights and awaiting the group's readjustment. Executives currently being dismissed have gathered in Beijing to work in the new structure.

Release line moved north suffered resistance

It is understood that the storm originated in an internal mail. June 19, China Mobile Games Group issued an internal announcement, eliminating the company's nine issue of executive-line executives, including former China Mobile Games Group President Ying Shuling, while the group also adjust the rules of its distribution business, to recover The distribution line was originally independent of the appointment and dismissal of personnel, finance and procurement and other privileges. This became China Mobile Games Group's first personnel since the establishment of "Earthquake."

The outflow of this internal mail led to a suspension by Nasdaq. Xiao Jian said that the "mistake" so that China lost nearly 100 million US dollars mobile games. At the same time, he disclosed, "We explained the reasons for the first time with the NASDAQ, and resumed trading the next day."

However, there are unconfirmed sources that should be Shushan alleged "rebate" and other gray transactions. Therefore, the future reservation should be Shuling Lingling become the focus of the industry.

In response, Ying-Ling responded that this round of personnel adjustments, he will still be responsible for the distribution line of business, will also be responsible for China's mobile game pan-entertainment industry. However, it has not yet resumed its post until the results of the independent commission of inquiry came out.

Ying Shuling on "Daily Economic News" reporter said that this matter two months ago in the communication, but not smooth communication leads to the mail leak. It said that China's mobile game distribution team expanded too fast, reaching 100 people in a year to more than 700 people in Beijing, Shanghai, Chengdu and Shenzhen. However, 90% of the Group's total revenue came from Beijing's distribution team. Therefore, the issue of Business lines need to be centralized in Beijing and maximize efficiency.

"Due to the many rights and flexibility given to the various teams during the development period, there was a great deal of resistance during the move to the north. There were three domestic distribution teams, three overseas ones, and one distribution team at home and abroad after adjustment." Ridge said that it would break up the complicated organizational structure of the previous issuance support center, cancel the issuance support center, and merge the finance, human resources and procurement departments with the group management to achieve greater synergies.

According to the reporter, prior to this appointment and dismissal disclosure, the China Mobile Games distribution team has an independent human resources administration department, an enterprise IT department, a finance department, a purchasing department and an internal audit department, without being controlled by the corresponding departments of the group. Another executive at a travel publisher revealed that China's mobile game distribution team is like an independent kingdom that is free outside the group system.

Hand travel into the cooling period

Behind the Chinese mobile game rectification revealed a sign of China's mobile game market, that the rapid expansion of mobile games two years ago, has slowly entered the "strength" competition stage. A private-run manager who has long been concerned with mobile games said that the attitude of the market to mobile games is undergoing subtle changes.

The source said: "Unlike last year's concept stocks, Mobile Games Holdings Co., Ltd., which landed in Hong Kong in October last year, dropped only as much as 66% from a high of HK $ 73.95 to HK $ 24.85 a share in just 8 months. At the same time, the source said overseas mobile games stocks are fully cold.

An industry source who asked not to be named to the "Daily Economic News" reporter said that the distribution business is China Mobile's core business, signed many successful products, but the past six months, most of the products are not ideal, Andrews Only two or three on the top ten rankings.

At the same time, the above sources disclosed that the industry's rumor about the company's "office struggle" has never stopped. Since the departure of one of the founders at the beginning of this year, there has been "infighting" news that the two bosses are responsible for issuing and self-studying two important businesses respectively. In addition, the adjustment is mainly aimed at the distribution team, quite intriguing. However, the rumor has not been confirmed.

It is noteworthy that China's hand travel strong growth in the first quarter, according to May 16 released earnings report, the first quarter of 2014 operating income of 2.147 million yuan (about 34.5 million US dollars) over the same period last year, 3650 RMB yuan rose 488.2%, an increase of 46.7% from RMB146.4 million the previous quarter.

Xiao Jian told "Daily Economic News" reporter said that the purpose of this adjustment is to serve the issuance and independent research and development of these two strategies. On the surface, the issue of streamlining, but centralized management, self-developed line has also grown, self-study of the rise and the outbreak is a good guarantee.