The divorce is complicated by the big couple's common property. On October 23, Li's National People's Weibo posted a message to the court to sue and divorce Yu-yu. He said in a statement that he and Yu-yu met for 30 years, more of which had been exhausted, and said that if Yu-yu tried to transfer the common assets by delaying the time, he would never be able to bear it.
So far, Yu owns 64.20 percent of Dangdang Kovin, the controlling majority shareholder, while Francis Chan has only 27.51 percent, according to Tianeye data. The remaining about 8% of the shares are held by Tianjin Qiancheng, Tianjin Micro, Shanghai Yixiu Enterprise Management Center and so on. Moreover, although Francis Chan owns a certain stake in Dangdang Kovin, he does not hold the management position of the company. With regard to the disparity between husband and wife, Francis Chan mentioned in a media interview in July that in 2017, the couple had negotiated to give half of their shares to their sons. Considering that his son is a Chinese-American, Successfully completed the acquisition and cooperation between the company and HNA, the equity was later temporarily handed over to Yu Yu. "these are all confirmed by mail," Francis Chan said. However, Francis Chan's statement has not been confirmed by Yu Yu.
The public information shows that when the net is established, Li National Day and Miss Yu have met and married. The title of the two is the co-founder of the net. When the network's model is based on the US e-commerce platform, Amazon, it is thought that this is the idea of Wall Street's elite, Yu-yu, who came back from the United States.
According to Hurun Wealth list data in 2019, Francis Chan and Yu Yu ranked 573rd with a fortune of 7 billion yuan. The divorce was complicated by the huge joint property of the husband and wife. On Oct. 24, Francis Chan sent another Weibo saying Yu Yu asked him to accept a 25 percent stake in a peaceful divorce. Francis Chan said: "refuse to agree, demand equal division." After dividing equally, the company who manages to respect all shareholder resolutions. "in 1999, Francis Chan and Yu Yu founded Dangdang Network in Beijing. At first, Dangdang positioning is an online bookstore, mainly selling books and audio-visual products. At that time, Hangzhou's Alibaba just started, Taobao 4 years later founded. JD.com is only an agent of optical and magnetic products in Zhongguancun, Beijing. As the head platform of domestic consumer e-commerce, Dangdang network has a promising future.
According to the reporter, Beijing Dangdang Network Information Technology Co., Ltd. (referred to as "Dangdang Network Information Company") was founded in 1999, once the main body of Dangdang network ecommerce platform. However, Beijing Dangdang Kewen Electronic Commerce Co., Ltd., founded in 2004, currently owns 100% of Dangdang and is the parent company behind Dangdang, according to Tianyuan data. Dangdang Kovin's equity change record shows that on 10 October 2013, Dangdang Kovin registered capital increased from 2 million yuan to 20 million yuan. In the amount of capital subscribed by the shareholders of the company, Yu Yu and Francis Chan respectively The capital contribution is 10 million yuan, the capital contribution ratio is 1: 1. In July 2018, Dangdang Kewen added three legal shareholders. Subsequently, the company announced the ownership structure has also undergone subtle changes.
In February 2002 to July,2006, when the net received three rounds of financing, the wind-investment agency, the tiger fund, the DCM, the Huadden International and the Alto Global, etc., were brought to the site successively, and when the net was awarded more than $34.5 million. After the multi-wheel financing, when the net tries to break through the role of the past online bookstore, expand towards the comprehensive shopping mall.
On December 8, 2010, Dangdang successfully listed on the New York Stock Exchange, the first B2C online mall in China to list in the United States. On the day of the listing, Dangdang shares closed up $13.91, or 86.94 percent, at $29.91. At the closing price, its market value is as high as $2.33 billion.
Dangdang official data show that in April 2007, Dangdang and including Philips, L'Oreal, Casio, Nike, Lego and other well-known brands reached cooperation. In October 2008, Dangdang home page was revised, the new page highlights the comprehensive shopping mall website image.
Dangdang is the first domestic B2C e-commerce platform listed in the United States, which has a history of 20 years. Dangdang founder Francis Chan, Yu Yu is both husband and wife as well as partners. After delisting from the United States, Dangdang became a private enterprise. At present, Beijing Dangdang Kewen Electronic Commerce Co., Ltd. holds a 100% stake in Dangdang. The husband and wife hold a combined stake of about 92% in Dangdang Kovin and firmly control the ownership of the company. However, the Nandu reporter noted that the husband and wife own a wide range of shares, Yu Yu owns 64.20 percent, while Francis Chan owns only 27.51 percent.
On October 23, when one of the founders of the network, Li National Day, and his wife Yu-yu divorced. The business of the two people was also pushed to the public by the net.
(picture source:搜狗图片)
In December 2018, Francis Chan publicly issued controversial comments on Weibo, followed by Dangdang official denunciation, in which the article said that "Francis Chan has been away from management for some time," and asked his personal WeChat account to delete Dangdang LOGO.2019. On February 20, 2010, Francis Chan announced that he would quit Dangdang and will start a new business. After Francis Chan left, his wife Yu Yu also served as chairman of Dangdang Network and CEO, Dangdang Network daily management decisions were made by Yu Yu leading the company executives.
