Question: Is this thing on Morgan Stanley's staff will not have any effect after work
Yu Yu: Dangdang sales for I do not see much impact, for business Dangdang no effect. Microblogging is all of speech, there is feedback to spend their time.
question: What next Dangdang strategy has and planning, through this thing, you and the National division with specific on whether to adjust?
SAN Jan. 24 noon news, Dangdang communication media will be held today afternoon, Li Guoqing, chairman and CEO Ms. Yu response Sina microblogging war of words in the female event, Morgan Stanley, said Li Guoqing said was If management is not rough rough, from his point of view raised the issue that is sensitive entrepreneurs dare to ask questions of style.
question: For a few days Dangdang that shares tumbled how do you see?
question: You and Li Guoqing in the management style different? How to manage the company with?
question: After this happened, a lot of comments, in addition to people within the industry, but also users, Dangdang this matter for itself, is positive or negative?
continuously updated in the ... ...
question: for the outside world that the low profit margins Dangdang how to look?
Yu Yu: it fell I did not see the reason behind the Friday I think and talk about this matter, I also give you a listing of print since the price situation. Other changes in the stock and I went into, I think it is just shaking up and down the stock.
question: outside of Morgan Stanley in addition to an apology, there are no results of the survey will be given?
Yu Yu: Li Guoqing has been open to the public complained. In my opinion, done the things listed, the price on the table this matter. Now two roads, and Dangdang colleagues to push things forward, the second is recourse in this matter. I am more willing to do positive things, all of our management experience, time and performance can only be used on top of most relevant thing.
question: Li Guoqing said first girlfriend to the scene to ask how you see it? In the micro-Bo Li Guoqing said that you calm and cruel, how would you comment?
listing for Dangdang low market prices, the investment bank, Ms. Yu was to respond in an interview with CNBC, said, system, I really put their hands handed investment bank. another year, I like to learn to learn the Chinese consumer market, stock market, like this, maybe I can give you a better answer.
Ms. Yu also said she thinks public companies and investment banks is a physician-patient relationship, a patient is a doctor to do a 500 appendicitis appendicitis surgery, how to overcome the difficulties caused by asymmetric information for the company for shareholders better prices, microblogging wars leave behind a positive thing, everyone was learning, and more discussion, look for the light of nature, which she hoped to see.
Notes for information that is written by several of Morgan Stanley Sina microblogging users, Ms. Yu said several people believe that individuals are not employees of Morgan Stanley. She said, / p>
The following is part of an interview with Record:
Yu Yu: On the competition between the companies, my view is that competition forces the company is the first. Entrepreneurs is valuable, they can do to make 5 dollars to spend a dollar value. Dangdang spent a total of 11 years, $ 41,000,000, the company made a Dangdang to performance measurement, input and output Dangdang the amount of profit a company is very high, this is a good place to Dangdang, Dangdang future funding can be less the amount of things to make better performance. On the one hand the amount of funding is sufficient Dangdang, on the other hand Dangdang in commercial activity, has been able to do more with less money to do.
Yu Yu: work is on If things are normal start. I personally believe that some employees are not employees of the desert, listed the project team, half of the woman are not, the project team listed several other female employees, are not speak Chinese. Let me guess you shocked, I can only say that the Internet idlers.
question: Will the future of the complaints and allegations, Morgan Stanley, etc?
Yu Yu: no.
Yu Yu Guoqing also comments on the microblogging support, she believes, Li Guoqing said was not so rough rough grounds, from his point of view raised the issue, that is, entrepreneurs, sensitive, dare to ask questions of style.
question: Dangdang financing funds, how to read such an order of magnitude? Stores in transition do enough?
question: What is the ideal price? You then have the bottom line?
Yu Yu: National Day is a very sensitive area for the original real person, he will feel that, if he thought I, as a CEO, Dangdang behalf, so many years, if I do not openly say that this matter No one even talk about. If you choose to open, said Li Guoqing, openly said yes, we should choose not the same as each person's communication, if the CNBC reporters can ask, are you? Do you think the low setting it? Why do Chinese entrepreneurs can not say that?
Yu Yu: Dangdang attaches great importance to the development of logistics distribution, logistics and distribution department where you are, what customers get faster, Dangdang now has 18 million square meters of logistics space, will continue in 11 Days Hua Huanan expansion, expansion in the Northeast will be new, is not it also plans to increase distribution among cities. Investment bank before going public to help us order a bit, B2C logistics capacity in the case, Dangdang is the first in the country, and we made more than ten million parcels each day, we all face and deal with orders for first in the country, and we will make greater investment in this area.
Yu Yu: Morgan Stanley has already apologized for their pricing judgments were oral, written apology.
Yu Yu: normal style of this matter, we should really accept my management style with Li Guoqing, communication is very different, and this is way more than a decade, a dozen years or so , are two different people, this I totally acceptable in my management style is different, I also think that a CEO is not the same style, consider the issue not the same as part of his whole person, the National him for consumers demand, the price is a very sensitive person, found on many issues, he can be found in any case the company, said microblogging this matter, CNBC that the two people are very experienced financial commentators, Li Guoqing not even aware of this interview, do not know about this. Li Guoqing, from his point of view raised the issue that is sensitive entrepreneurs dare to ask questions of style.
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Yu Yu: National's ex-girlfriend is a very smart and very good girl, she was just that time in New York, said that a meal together, we are pulling the magazine invited a lot of friends, which more than a dozen twenty years ago. I'd feel calm, why do think I am vicious, the question I have to ask him.
Yu Yu: I really feel and how much love can be repeated, adding there is a time reversed, I might choose the Dutch auction, I think it is a very honest way to trade the NYSE traders told me that they circle several individual traders, not the opening half, no one afraid of a disadvantage, no one refused the first offer, the stock was not opened, this is a rare situation. Li Guoqing dare I think that speech, he felt very good performance Dangdang, he did dare to speak is cattle, but also very emboldened, CEO also very emboldened, that I feel the Dutch auction, like Google itself, although very few ways , but it is an honest quote system.
Yu Yu: I do not think the margin is too low, the world's retail margins are relatively low, Wal-Mart about 3% of net profit, however, I do not think Dangdang low profit margins.
Yu Yu: with Li Guoqing, there will be no change in the division of labor, what to do what we are, I, as chairman of the board does not participate in the level of operating for several years, I was more budget resources deployment of such things. More of the daily operation and management of the National Day, operations things. Our division before such a trivial matter will not change. Dangdang listed, first made in the field of publications in this area look after Beauty, mother, home will enrich the varieties of a single store, for customers to use the same money to buy things in Dangdang, purchase prices are more in Dangdang low point. Dangdang 11 years, a better choice, lower prices, more respect, these three things, from our publications to the department store category expansion.
question: How do you see listed companies and the balance of interests between investment banks? Will there be some elements of conspiracy theory?
Yu Yu: Dangdang listed facilities, the nearly one million U.S. dollars is for the old shareholders of the original, there are 200 million U.S. dollars into the company.
question: Will the remarks of Li Guoqing, microblogging do requests?
Yu Yu: No, Li Guoqing has always been straight, then say so, others will not change, when the wife to change is even more nonsense. I think the National Day to say that reason is not so rough rough.
question: What will the logistics on the layout?
question: how to treat the competition between B2C companies?
Yu Yu: My personal conspiracy theory bones especially the lack of the elements: respect for the interests of the company, Dangdang higher the price, the higher the employees and shareholders; for investment banking interests, Dangdang benefit more high prices, other sector fund clients face is that they lower the price a dollar each, the more interest income.
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