Xun belong to market concern, will remain independent

As one of the focuses of Tencent's cooperation with Beijing-east, Xun's ownership has been the focus of the market.

According to the announcement of the information, Xun equity and business will be divided, Beijing East will hold a part of the interest, mergers and Xun logistics assets, Xun remaining equity and business remains the original status, but the BoE has a preemptive right.

Xun logistics in the past year frequent movements. Up to now, the easy to logistics has been in Beijing, Shanghai, Shenzhen, Wuhan, Xian, Chongqing has built 6 core warehouses, this year will also build 10 secondary warehouses. For this part of the assets, Jingdong CEO Liu said the two sides will be in the brand, goods, logistics and other aspects of integration, so that the self-employed market more powerful.

Jingdong has the right to buy Xun residual shares, the specific way there are two options: the first is the overall cost of 800 million yuan, the second is the mutual recognition of the fair value of the market to two methods of high price, the transaction is valid until March 10, 2017.

BEIJING-East said that in order to strengthen the scale advantage and business linkage, some non-logistics Xun staff will also join the Jingdong, while the Beijing East under the Chinese law allows the timely exercise of subscription options. According to the public information, the subscription period is three years.

Xun founder Bu Guangzi in the internal Mail confirmed that in the next period of time, Xun will maintain an independent brand operation; in the long run, Xun will seek the development path of differentiation with Jing Dong. According to the public information, 2013 Xun platform total income of more than 15 billion yuan, and the revenue is more than 10 billion yuan, but still serious losses.

Perennial engaged in e-commerce and the field of new media scholars Chen Yongdong that Tencent temporarily only to Beijing East a small number of Xun shares, is to do both hands ready.

Chen Yongdong pointed out that if Jing dong in deep cooperation after performing well, will Xun to the east, otherwise may leave Xun. In addition, the larger scale of Xun assets is also regarded as one of the obstacles to inclusion in the transaction.

Earlier, Tencent will Xun, such as the independent separation of electrical and commercial resources, there has been news that Tencent to the agile team has a listing commitment. Now involved in the transfer of equity, Xun staff of the issue of ownership is also a concern.

Bu Guangzi in announcing the independence of the same time, still optimistic with the Beijing-east Cooperation, said "United Jingdong to Xun is a new development opportunity."

Bu Guangzi also promised that the rank, position and remuneration of the Xun net staff would not change after the transaction, and that the soothing was obvious.