Handle nets or will be acquired as a posterior

The deteriorating handle net CEO Wu's resignation will be a constant http://www.aliyun.com/zixun/aggregation/34609.html "> Executives leave the Storm to a new peak, The latest sign has shown that China's leading group buying site may be nearing its end due to the rapid depletion of funds, facing a shuffle. At the end of April 2012, it was reported that the financial situation had deteriorated after the failure to launch the New York market, perhaps for only a few more months.

At that time, there were many executives leaving, including regional managers in Shanghai and Beijing and vice presidents. Two months later, the media now report that the company's founder, Wu, resigned as CEO, although it retains the role of chairman of the net.

The report said the pull net does not deny the CEO Wu left, only confirmed that he is still chairman, in charge of the company's strategic direction. The report also implied that Wu was driven out by corporate investors and that the CEO position was still vacant. If the report is true, it seems likely that investors who pumped 111 million of billions of dollars into the net last year seem to have finally lost patience with Wu.

In all fairness, sink handle net in the predicament of responsibility can not be completely blamed on Wu, because in the 2011 explosive development, the whole Chinese group buying industry is now experiencing a painful integration, shuffle. Tencent and Groupon were all in the market at that time, and there were a large number of start-ups with similar handles. One might even say that if the industry had found a good business model before, and the handle network used its early entry into the field and its market leadership, there would be a high likelihood of quickly becoming a integrator, with a large discount to buy other struggling competitors.

On the contrary, the handle network now seems to be quickly transformed by the integrator into the victim of the shuffle, and it will retain a single-day of independence until the final result arrives. So what is the end result? Wu's resignation CEO seems to be a desperate investor looking for a new buyer for the company, with reports that it may now be negotiating with two or three well-funded potential acquirers, such as a profitable comment network or a loss-making groupnet, The latter is the newly formed company after the well-funded internet giant Tencent merged two group buying companies. Another possibility is that no one wants to buy the handle net, because the status quo is huge and lack of money, which means the company may soon be forced to close the door, leaving millions of of billions of dollars in debt and thousands of laid-off workers.

If I were a gambler, I guess the company had more than 50% of the possibility of being acquired because its vast network and experience were attractive to buyers and could buy the company at a very low price, possibly less than 50 million dollars. But the company still faces a real possibility that it will be forced to shut down, which is about 30%. In either way, the individual believes that the end of September will be a reality.

Bottom line: Wu, founder of the handle network, resigned as CEO to show that the company may be nearing the end and may be acquired by a powerful company next month.