Vip.Com Is Suffering From A Labor Pains: The Stock Price Has Been Cut Down.

After the myth of stock price rise two years ago,

Is suffering from a labor pains.

It is learned that vip.com CTO Gao Ming has proposed leaving and is moving in the process.

At present, vip.com is looking for a new CTO candidate, but it has not been seen yet.

Data show that Gao Zun holds a bachelor's degree in computer science from Iowa State University, and worked in the US and China.

He has more than 20 years working experience as a leading position in Internet Co.

Prior to joining the product fair, Gao served as the director of website operation and quality engineering of eBay company. He served for 7 years. In 2007, he joined the partners to create an Internet advertising platform and media, and served as CTO.

Gao Zunming was joined by Shen Ya of vip.com CEO in June 2012, and has been in CTO for 4 years.

Gao Zunming has gone through the process of vip.com's stock price rising madly, and has also experienced a fall in share price.

According to a source familiar with the matter, Gao had asked for leave of absence a few months ago, but vip.com has not found the right person.

After leaving this time, Gao may choose to take some time off and leave the mainland to accompany his family in the United States.

Gao Zunming is another executive of vip.com's recent departure.

In May 2016, there was a large staff adjustment in vip.com headquarters in Guangzhou. Many executives resigned. VP, who was responsible for investment, had submitted resignation, which prevented investment business.

No entry.

Many people familiar with the Internet broke the news. Hong Meijuan, the co founder and senior vice president of vip.com investment, submitted his resignation in April 2016.

Vip.com has hired Sun Gefei, former general manager of Procter & Gamble, as vice president of the company's business.

At the end of March 2016, vip.com announced that Jiang Jing, senior vice president of corporate intelligence and customer relationship management, submitted his resignation because he wanted to seek personal interest and further education.

After resigning from this position, he continued to serve as vip.com's senior business consultant.

Gao Zunming's resignation has led vip.com to lose 3 heavyweight executives in the past 3 months.

This also shows that after the disappearance of vip.com's high growth potential, the internal development is suffering from labor pains and begins to suffer from the loss of personnel.

2014 was the most brilliant time for vip.com, when the stock price was as high as 200 dollars per ADS.

By November 2014, vip.com announced the dismantling of shares, the ADS split share ratio was 10, and the stock price changed to the original 1/10.

However, the myth of vip.com began to burst in the summer of 2015.

Vip.com began to drop the altar.

From April of that year, vip.com's stock price began to fluctuate, but the overall trend continued to decline.

By November 2015, vip.com issued a performance warning: in the third quarter of 2015, revenues from 8 billion 600 million to 8 billion 700 million yuan, the annual growth rate was 61% to 63%, compared with the expected growth rate of 71% to 74%.

On that day, vip.com's share price fell 26.96%.

By January 2016, vip.com was exposed to selling fake Moutai and Wuliangye for sale.

With the return of 360, everyone, YY, poly and other similar activities, similar to poly and Dangdang's privatization, vip.com shares fell to $ADS10.37 per share.

Today, vip.com's stock price is US $11.50, and its market value is US $6 billion 700 million. Compared with the peak market value of US $20 billion, it dropped by over 70%. Compared with the previous year's highest share price, it also dropped more than 50%, and vip.com's stock price had suffered a "cut in."

{page_break}

While vip.com's share price continued to decline, investors once reduced or cleared their holdings.

According to the annual report, by the end of March 31, 2016, vip.com CEO Shen Ya had 16510358 shares, accounting for 14.1%, while vip.com co founder and COO Hong Xiaobo held 8952810 shares, accounting for 7.6%.

By the end of March 31, 2016, vip.com angel investor Xu Yu held 3952155 shares, accounting for 3.4%; Tiger Fund held 9900000 shares, more than Hong Xiaobo, vip.com's second largest shareholder.

Shen Ya is currently the largest shareholder of vip.com.

In contrast to vip.com's 2013, 2014 and 2015 annual reports, the number of shares held by Shen Ya has not changed. Xu Yu has suffered a reduction in the highest price of vip.com 2014, and Sequoia Capital has been withdrawn in the past few years.

In fact, not only vip.com, but also the stock price of Jingdong, continued to go down.

Jingdong has a market value of over $50 billion, but now its market capitalization is less than $30 billion, and its market capitalization is only $700 million.