The net of Renren: After a big sale, you can only play investment.

Unconsciously, Renren shouted "Back to campus" has more than a year, the only big moves in the line is the letter function. Now the main campus is a school or even after 95, these young people also buy Renren account? The situation is not optimistic. According to the latest Chinese website rankings, Renren has slipped to 60. The social networking site, once known as "China's Facebook," has been thrown away by peers and has become a "relic" in the eyes of the "old". To add insult to the problem, their share price has fallen to about 2.5 dollars, the lowest in history, at less than 1 billion. For more than a year, everyone while selling glutinous rice, 56 of these "non-performing assets", while repeatedly investing in overseas companies, but not in the "Return to campus" on what to do. Then we can understand this--"investor" Chen a boat do not want to play SNS, want to be a "godfather of investment"? After the big sale, little left Behind the "return to campus" decision to make, glutinous rice net has become Chen heart of the sale of assets. Since the sticky rice net 2010 on the line, become everyone in "Thousand Regiment War" in the vanguard, it is acting as the role of burning money-one months millions of dollars is always the usual, but then everyone can afford glutinous rice. After everyone accelerated mobile Internet in 2012, the monthly overhead soared, and glutinous rice turned into an urgent need to get rid of the baggage. Baidu, which intends to expand in life services, extended its hands in time to acquire 59% per cent in August 2013, with 120 million dollars. Year January, Baidu announced and everyone reached a wholly-owned acquisition agreement, the two sides formally handover completed. To more than 200 million of the price of the sale of glutinous rice, "The Little Goblin", small inside think this is a step Miao chess, after all, the continuous loss of everyone has been burned. As it turns out, the two-time sale of glutinous rice has allowed everyone to make a net profit for three consecutive quarterly earnings. But the short-lived, their own hematopoiesis in the third quarter of last year was back to the prototype, the net loss to expand to nearly 40 million U.S. dollars. At the same time, the strategy of moving the Internet and returning to school has no effect. With the slogan "200 million people are using the mobile entertainment community", everyone can not solve any problem. What do we do? The answer is to sell, sell the glutinous rice Chen also has a 56 net. 56 years of poverty was a fancy for everyone's thick, but did not think tyrants unexpectedly also in the fall, but also to sweep them out. Although Archie Art, Tencent, Mango TV and other companies are door-to-door asking price, but Chen a boat hope to sell 56 a good price and did not immediately promised them. But the half-life of 56 is not worth a few coppers, one more drag a day is actually no good. At the end of October, everyone finally reached an agreement with Sohu, Chen a boat of the old club to nearly 20 million U.S. dollars discount price will be 56. As the "investor", Chen a boat in the field of investment has always been a hand, but 56 net in his hands but devalued more than 60 million. Although "The first life is destroyed", but Lao Chen for the company's business is not so much. Except glutinous rice and 56 nets., has been placed high hopes and even hope that the independent listing of everyone game, nearly two years have also been at a standstill. In the world of the Internet, not entering is a big step back. We see everyone's game is forced to shrink, even CEO Hochang have been depressed. Apart from social networking, Renren has had group buying, video, games, recruitment quartet matrix, but the four corners have now gone to the second, the game and recruitment near disability. Already out of Renren, what is the capital to talk about "return to Campus"? The Emperor and his estranged, the people scattered all said that a company's success or failure is not a temporary profit and loss, but the team's heart. In the Internet industry, the example of a steel team sticking to the onslaught of success is everywhere, and there are countless companies that have collapsed because of their hearts. Renren Although the performance is not improved but somehow lost the baggage, light they could have revitalized morale, can be a mass resignation letter completely shattered this possibility. Vice President Du Yue in his letter that the reason for his resignation is "Chen a boat whether as a leader or a person is very bad." This letter of resignation in English is one of the sharpest words in the history of the domestic Internet circle, and even copied to all executives, directors, investment circles and partners. Chen was still out on business, and he said, "This is the most unexpected email I have received since work," and that Du Yue was simply a hopeless and emotional man for being CEO. But Rome Rome, Renren has stagnated in recent years, and morale has fallen to the bottom. Not only is Du Yue one person to attack, in the shelling incident two days ago, everyone's another senior executive Yang Muhan also clashed with Chen a boat. Yang Muhan was accused of "not being loyal to the company, Snake" because of the competition between her husband's Xu Chang and his former employer. But in fact, everyone inside for her evaluation is very high, and Yang Muhan himself in the conflict two months ago also has proposed resignation, can Chen a boat but hope she can stay, and apply to constantly retain. See Old Chen so "split personality" behavior, small inside can not help everyone's peers pinch Khan. In the heart of the turbulent six months, many executives are really he gave "scare run", unexpectedly has 7 people leave. When they talked about Chen, all the old ministers, though not as extreme as Du Yue, said he had major problems with people and agreed that this was a key reason for everyone's downfall. Speaking of Chen personnel improper, small inside think he is wrong in the things think too beautiful. In order to introduce fresh blood to enhance the vitality of the team, everyone vigorously recruited a number of foreign executives. In order to promote internal competition, Chen also put new and old employees in a similar position. But the reality is always bone feeling, this arrangement way actually caused the internal friction, the result everybody's old staff unceasingly loses, the team morale is big setback. The people dispersed team, how has the reason? will be "Fry" to see here, you may think that this article is the conclusion that everyone net, small inside think this is not necessarily. Chen although in the management of the deviation, in the strategic also lacks enough vision, but he relies on investment in the stock of this unique stunt can still be based onIn the Internet arena. In addition to the previous investment 56 net losses, old Chen in this respect but the frequent coup. He repeatedly seize the fighter, through investment art dragon, only goods and other companies, has achieved more than 4 times times the income to stabilize the financial situation of everyone. Chen with one's own strength on the stock to make money to maintain the company's operations, is "China's good boss." Sold by everyone, senior executives walk the period of time, Chen a boat frequently investment, and even will extend to overseas: In early 2014, everyone to the United States Peer-to-peer student loan website Sofi Investment of 70 million U.S. dollars; May, everyone received a real estate fundrise site, the total amount of 31 million; Into the September, Chen to the domestic to take a snowball net of the C round, the total of 40 million, November, and through 10 million of the investment in Hong Kong company Gogovan 10% Equity, if the earlier this year to invest in motif investing of this 40 million, All over the past year, everyone has invested nearly 200 million of dollars in projects around the world. In addition, Chen said that everyone will focus on the Internet financial start-up companies to invest about 500 million dollars. In fact, they have already begun to test the water by everyone in the internet finance, but in the decline in the popularity of the site is not too much performance. Small inside feel our "stock" Joe Chen estimate has no interest to play SNS again, the capital market is his real stage. If he can be as "hard-hearted" as Chen Tianqiao, then it is not impossible to sell Renren completely to the capital operation. Looking back at Renren in Chen from prosperity to gradual decline of the process, small inside can't help but think of a famous historical figure-Tangzhunzong Li Cunging. This "Zhu Evil Yazi" had laid the world's most, almost revived Datang flourishing. At the beginning of the great cause, Li Cunging was engrossed in his deep love of the melody drama, even the appointment players to reign, eventually ruined his own jiangshan. Renren has not been able to revive without being recognised by young people. No matter what new moves they will have after the letter is on the line, it's important to continue investing. As Chen the money to more projects, everyone will go a step further in the capital field. As for "Return to campus"?