Davy "let go"? Ofo's "late autumn"


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Direct |ofo response to business change: normal personnel changes do not affect operation

Ofo the main body corporate quietly changed the founder of Dai Wei to give up Chen Zhengjiang.

This autumn, the ofo yellow car has changed a little. The office space of the Beijing headquarters of the ofo trolley shrank after a cloud of suspicions over the ant's gold suit and dripping financing in September, and the recent outbreak of the Hello trip prompted the board of directors of the ofo trolley to take the initiative to discuss the merger. Although drops have indicated that there is no desire to accept the offer, the trend of ofo yellow car has attracted much attention.

In September, when the frost falls tomorrow, in the late autumn of the year, the ofo rickshaw, deeply suspicious of office contraction, meets Daiwei again.

On October 22, Tian Eye Check showed that the legal representative of Dongxia Datong (Beijing) Management Consulting Co., Ltd. changed from Daiwei to Chen Zhengjiang, and the outside world interpreted Daiwei's "abdication". In response to this, the ofo trolley responded that the change of legal representative is only a normal personnel change within the ofo, the actual controller of the company is still Dewey.

This autumn, the ofo yellow car has changed a little. The office space of the Beijing headquarters of the ofo trolley shrank after a cloud of suspicions over the ant's gold suit and dripping financing in September, and the recent outbreak of the Hello trip prompted the board of directors of the ofo trolley to take the initiative to discuss the merger. Although drops have indicated that there is no desire to accept the offer, the trend of ofo yellow car has attracted much attention.

Office contraction, legal person change, ofo and Fenghuang bicycle case will be held in the near future.

Tian Eye Inspection Industry and Commerce Information shows that on October 22, the legal representative of Dongxia Datong (Beijing) Management Consulting Co., Ltd. was changed from Daiwei to Chen Zhengjiang, which is the operating company behind the ofo yellow car. Dongxia Datong (Beijing) Management Consulting Co., Ltd. has 12 branches, of which 10 are now in charge of Chen Jing, and 2 are now in charge of Daiwei.

In response, to simplify the office process and improve work efficiency, the legal representative of Dongxia Datong (Beijing) Management Consulting Co., Ltd. was changed from Daiwei to Chen Zhengjiang on October 22, 2008.

Chen Zhengjiang joined the company at the end of 2014, is the top five ofo employees, four years in the company has been an important position, is currently one of the main business officers in China.

The official yellow car said that the change of legal representative is only a normal change of personnel within the office, the actual controller of the company is still Dewey, there is no "concession" that some media interpreted. At the same time, personnel changes will not affect any operation and operation of the company.

In addition to corporate legal changes, ofo small yellow car also contracted the offices of Beijing headquarters at the end of September. On-the-spot visits by reporters from the Beijing News found that the office of the ofo trolley on the 10th and 11th floors of Beijing Zhongguancun Ideal International Building had been emptied, prompting the scene that "the ofo trolley has moved to the 15th floor of the building."

The Beijing News reporter noted that Beijing Zhongguancun Ideal International Building has been stationed in Sina, Baidu and other companies, known as the "Geomantic Treasure Land".

For the network transmission, "ofo small yellow car Beijing headquarters is deserted." Shi Shaochen, the director of public relations for the ofo yellow car brand, said, "Because our leases on the 10th and 11th floors have expired, we moved to other floors. We're still working normally, no one's going to be empty. "

Ofo small yellow car once expanded the office floor, now committed to the 15 floor office naturally attracted much attention. Whether the combined floor is reduced by the size of the office due to capital problems, ofo Xiao Huang car did not respond.

Earlier, Shanghai Phoenix, which provided vehicles for the ofo, announced that Phoenix Bicycle and Dongxia Datong had signed a number of purchase contracts. After verification by both sides, as of the date of the prosecution, Dongxia Datong still owed Phoenix 68.151 million yuan for bicycles. Shanghai Phoenix Bicycle has filed a lawsuit against the first intermediate people's Court of Beijing. According to media reports, there are also many ofo small yellow cars also have disputes with many suppliers.

Dongxia Datong is the company that changed the legal person, people familiar with the situation said that the case will be heard in the near future.

From drops to Alibaba, hello.

Who is the ofo player?

Since the end of last year, the ofo yellow car has not been publicly funded.

In September, 36 krypton quoted people familiar with the situation as saying that the OO Yellow Car will complete the E2-2 round of financing, which will amount to hundreds of millions of dollars. This round of financing is led by ant gold clothing, dropping and dropping.

Previous rumors of a sudden investment by Ali in the purchase of an ofo rickshaw were somewhat unexpected, with "no comment" and "no comment" on Ant Golden Dress. The Beijing News reporter learned that ants' gold clothes and drops of insiders were also very surprised to hear the news.

Ofo Xiao Huang's response is ambiguous, "it seems to be true, not clear details."

After the U.S. acquisition of Mobai, the ofo trolley was also busy, averaging weekly rumors, and Yuxin, the co-founder of the ofo, became the "chief rumor repellent officer". And this financing rumor is unnatural. So some people think that the rumor is the ofo yellow car initiative to let the wind out.

On Oct. 9, a letter of intent from people close to the ofo's core said that drip had offered to buy ofo at a $2 billion valuation in August, dripping that the new board would consist of five members, two of whom would be appointed by drip, one by all the founders and two by drip. The appointment of other investors. All key posts, including CEO, must be nominated, appointed, replaced or dismissed by drops.

In this regard, drops of anomaly, a firm attitude that the rumors do not conform to the facts, has never had the intention to buy ofo, also promised to continue to support its independent development in the future. From the C round of ofo 2016 to the latest E round, each round involved a cumulative investment of $350 million. As an investor, he never and promised that he will not exercise one vote veto in the future.

At the same time, Mr. Huang said the recent online news about "drops of interest in acquiring ofo" and "shareholders trying to lower the price of ofo to carry out a malicious takeover" was totally false. Ofo and other shareholders, including drips and drops, have maintained a close cooperative relationship, and shareholders have always been firmly supportive of the independent development of the company.

Why do reports always associate droplets with ofo rickshaws? The relationship between ofo rickshaws and droplets is "shearing and sorting out". In September 2016, tens of millions of dollars were invested in ofo small yellow cars. In July 2017, three senior executives were stationed in the company. Fu Qiang, former senior vice president of the company, served as CEO of the company. Leslie Liu, former director of the company's open platform, was in charge of the market and Finance Department of the company.

In November 2017, however, the relationship between droplets and the ofo trolley cooled rapidly and executives retreated. Fu Qiang returned to the trickle and began to prepare for the "Begonia" plan to share bicycle business by himself. After that, he managed the small blue bicycle and introduced the blue orange bicycle, which went further and further with the small yellow ofo bicycle. Earlier, people close to the ofo told the Beijing News reporter that drips from beginning to end did not officially invite the ofo to buy.

Looking for a merger?

Ofo little yellow cars and harrow travel also have stories.

In October 19th, there was news that harrow was traveling with ofo to discuss acquisitions. According to people familiar with the matter, Mr. Hello is traveling to acquire ofo at a discount of 1:5 to 1:2.5, according to the proposal.

In this regard, harrow said that the ofo board had invited and proposed harrow to merge. "However, we believe that in the current stage, the most important thing for Hello is to uphold the initiative, improve themselves, and do a solid job in all kinds of business out of the company."

Ofo small yellow car and harrow travel is also an Alibaba enterprise, even the pledge objects are ant gold clothing.

On October 18, a reporter from the Beijing News noticed that on September 30, Haro's main travel company, Jiangsu Yongan Xing Low Carbon Technology Co., Ltd. shareholder, Ningbo Junxing Investment Management Partnership, Ningbo Shixian Investment Management Partnership, Ningbo Xinqishun Investment Management Partnership and Ningbo Chiying The investment management partnerships have pledged 679.69 million yuan, 474.94 million yuan, 335.21 million yuan and 8127.35 million yuan to the major shareholders of Shanghai Yunxin Venture Capital Co., Ltd. The legal representative of Shanghai Yunxin Venture Capital Co., Ltd. is CEO, the chairman and Jing Xiandong of the ant.

According to the business information platform, the shares of Ningbo Junxing Investment Management Partnership, Ningbo Shixian Investment Management Partnership, Ningbo Xinqishun Investment Management Partnership and Ningbo Chiying Investment Management Partnership in Jiangsu Yongan Xing Low Carbon Technology Co., Ltd. are 0.6018%, 0.4207%, 0.2969% and 7.1993%, respectively. The amount of Pledged Shares is 8.5181% and the total amount is 9.6165.54 million yuan.

The Beijing News correspondent noted that the legal representatives of Ningbo Junxing Investment Management Partnership, Ningbo Shixian Investment Management Partnership, Ningbo Xinqishun Investment Management Partnership and Ningbo Chiying Investment Management Partnership are respectively the co-founder and COO Han Mei of Harrow Travel, the co-founder and CTO Jiang Wei, and the co-founder. Li Kaizhu, CO CEO and co founder and CEO Yang Lei.

In June this year, Yongan Xing signed the "Capital Increase Agreement" with Yongan Xing, Shanghai Yunxin and other relevant parties, and Shanghai Yunxin increased its capital by 1.894 billion yuan. After the completion of the transaction, Shanghai Yunxin will own 36.73% of the low carbon technology and become the largest shareholder of the company.

In fact, this is not the first pledge of harrow's trip. According to industry and Commerce information, Harrow travel company Shanghai Junzheng Network Technology Co., Ltd. pledged floating number of shared bicycle movable property to Shanghai Yunxin from July 25, 2017 to March 31, 2018, and obtained a loan contract of 1 billion yuan.

Coincidentally, in March this year, industry and commerce information showed that the founder of ofo, Daiwei, had obtained a new round of 1.77 billion yuan financing from Alibaba through the way of chattel mortgage, sharing bicycles as collateral, and the two chattel pledges of ofo were really Shanghai Yunxin Venture Capital Co.

A series of actions of ofo yellow car are closely related to Ali, which is worth pondering and exploring.

Now that the weather is getting cooler, sharing bicycles has ushered in a new round of "cold winter".


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