Former Sohu joint president and chief operating officer Wang has been low-key founder of fresh electricity business site spring sowing

Abstract: Tencent science and Technology today learned that the former joint president of Sohu and chief operating officer Wang has been low-key founder of fresh electricity business site spring sowing, currently the site is in the public testing phase, is expected to be officially launched soon. A few months ago, people familiar with the matter told Tencent Technology, Wang

Tencent Science and technology today learned that the former Sohu joint president and chief operating officer Wang has been low-key founder of fresh electricity business site spring sowing, currently the site is in the public testing phase, is expected to be officially launched soon.

A few months ago, people familiar with the technology revealed to Tencent, Wang has received 300 million yuan of external investment, in doing a home appliance business website, Tencent Technology has been to Wang, but, at that time, Wang said that he was still in the prohibition period, is still in the rest stage.

Data show that Wang joined the Sohu Company in 1999, responsible for Sohu media, mobile division, advertising Sales and markets. 15 years after joining Sohu, Wang left on March 31, 2014.

Sohu stipulates that from April 1, 2014 to the end of 2014 transition period, Wang as a company consultant to continue the service, on the portal, marketing, public relations, mobile, automotive and other business operations management to provide advisory services.

During his tenure as a consultant, Sohu will pay the Wang 100,000 yuan a month. In addition, if Sohu and Wang own performance in the 2013 fiscal year to meet the relevant conditions, Wang can receive 2013 bonuses.

Sohu has also reached an agreement with Wang, unless Sohu provides written permission, Wang will not perform the purchase of 312,500 shares of Fox Video 2¥q Company (Sohu vedio Business holding entity) options. These shares account for 0.125% of the diluted shares of Sohu video.

Into the 2015, Wang no longer as a consultant Sohu company, can more smoothly carry out its entrepreneurial process. This Wang founder of the Fresh Electricity business website in the field of investment is rapidly heating up, with "orange" marketing is famous for the original life has just been a B-round financing.

Behind this series of founder and investment, the foreign food and groceries distribution field investment is fast heating up. Instacart, a two-year-old grocery distribution company, is making 100 million-dollar C-round financing, with a valuation of $2 billion trillion.