(Petite column produced)
News background : Due to alleged insider trading, Niu Dian Technology CEO Li Yinan was on trial on March 15th in Shenzhen Intermediate People's Court. It was rumored that the four-month-old news finally took hold and the team of Mavericks faced. The trial records showed that on June 3 last year, Li Yinan was detained and the stock suspected of insider trading was Huazhong CNC.
Most of his outside photos are smiling with a big white teeth and are very bright.
" I have a long way to go, and I really want to do something in the future." This was July 2011, that is, five years ago. I knew for the first time that Li Yinan had to leave 12580 and went to Jinshajiang Venture Partners as an investment partner. When he sought confirmation, he finally gave me a message and told me not to To write him, let him not comment on the past. The investment in the Jinsha River is not the end he wants. I have heard his ambitions still hidden in his heart.
At that time, 12580 was deeply trapped by the whirlpool of corruption cases and insider trading of China Mobile. The rhythm of the original listing was suspended and it may be liquidated at any time. The Chinese paradigm of mobile giants has finally come to an end. Li Yinan and others who had been hoped to find reforms using market-oriented methods have also left and their ambitions have not been paid. That is another complex story outside.
Of course, I kept my promise until today. I have been expecting him to do what he really wants to do. He said that he is also looking for opportunities on the Internet.
Four years later, on April 7, 2015, Li Yinan disclosed on Weibo that he was making a second venture to build "a China's most expensive electric vehicle," named Mavericks Electric (Niu Dian Technology), which he publicly said. This is his last venture. But I never asked him again and kept silently on the sidelines. For this day, he sought a new opportunity in Jinsha River to find a new opportunity for three to four years. Is this opportunity worthy of his ambition to do good products?
But soon, in the second half of 2015, I suddenly heard one of our common friends saying that a man might have something to do and asked me what to do. I was a bit embarrassed at the time. To find a lot of people to ask, probably know the ins and outs. Sure enough, public opinion is not expected to fall or ridicule or gloat.
Titanium Media last night reported that due to alleged insider trading, Niu Dian CEO Li Yinan was on trial in Shenzhen Intermediate People's Court on March 15. It was rumored that the four-month-long news was finally settled and the trial record was more realistic. On June 3 last year, Li Yinan was detained.
We are unfamiliar and do not speak much. I always feel that there is a kind of regret on him and it is difficult to express. It is a kind of regret that there will be regrets regardless of what you do. He is a young genius. He is the youngest vice president in Huawei's history. He is under the supervision of Ren Zhengfei. His promotion is fast and his “defection†is also rapid. However, he does not have the arrogance and unscrupulousness that Ren Zhengfei has done. Eventually, he has no foothold in Huawei and Huawei’s field of rivalry. He was recruited into Baidu and into China Mobile, and he was not able to settle in the kind of big company system. When he was investing, he always wanted to start a business. After he started his business, he was again planted on a seemingly extremely speculative investment behavior - stock insider trading.
According to the Shenzhen City Intermediate People's Court’s allegations, Li Yinan and his sister profited more than 7 million yuan through insider stocks. However, during the trial, Li Yinan directly denied the prosecution’s allegations.
Prosecutors alleged that Li Yinan chose the stock precisely because he had contacted and contacted Li Xiaotao, president of Huazhong CNC, many times during the sensitive period of inside information during the NCCN M&A and restructuring. Li Yinan and Li Xiaotao are university alumni. They also worked together at Huawei.
The courtroom information shows:
On February 17, 2014, Huazhong Numerical Control invited the person in charge of Zhuhai Yuntaili Automation Equipment Co., Ltd. to Wuhan to negotiate the merger and reorganization of the two parties. The participants of the two parties signed a confidentiality agreement. Huazhong CNC stopped trading on May 27, 2014 and resumed trading on September 11, 2014. As determined by the China Securities Regulatory Commission, the sensitive period of inside information is from February 17 to May 26, 2014. The trade behavior of Li Yinan and his relatives happened in this sensitive period.
More detailed information on trials also showed that in April 2014, Li Yinan passed the stock trading account of his brother-in-law and his mother, and full-stored Huazhong CNC (300161) stocks with a turnover of 11.48 million yuan and an actual profit of 5.08 million yuan. At the same time, he also allowed his sister to purchase the stock in April of the same year, with a turnover of 4.99 million yuan and an actual profit of 2.36 million yuan.
Although Li Yinan denied in court that he knew Li Xiaotao, he denied that he had obtained insider trading information for stock manipulation and considered it a normal investment judgment. At present, this case is still in the midst of further trials. It is difficult to make a final conclusion, but judging from the current status of China’s judiciary, stalemate, wrestling, and detention will eventually fall on trial before being detained. There is no special persuasion, and it is not easy to reverse.
Many business school management courses will have examples of how entrepreneurs face "rebels," Liu Chuanzhi and Sun Hongbin, and Ren Zhengfei and Li Yinan. The final fate of the two "rebels" was relatively twisted.
Ren Zhengfei loved Li Yinan, but he eventually hit Li Yimei. Huawei still remembers the company’s “fight for Hong Kong office†when it first launched the company’s efforts. After the acquisition of the harbor, Huawei’s large office area was set up with a glass-transparent office in the middle, which was Li Yi’s office. There is nothing more humiliating than this.
This time, Niu Dian Science and Technology had a very failed public relations. Today's trial has left Li Yinan and the Mavericks team a shadow of dishonesty.
On November 23 last year, Li Yinan was dispersed because of allegations that insider trading had been taken by the Securities and Futures Commission. The media analyzed that the removal by the Securities and Futures Commission was due to his involvement in insider trading during Huawei's time. Titanium media also quoted relevant sources for coverage and reported that although it has nothing to do with Huawei, it involves insider trading in the stock market.
However, afterwards, Niu Dian Technology denied the news that Li Yinan was investigated, and claimed that after the Mavericks N1 press conference on June 1, 2015, he had been “physically unwellâ€. He was unable to accept interviews recently and would not attend the 25th of this month. "Media Press Conference". Subsequently, Li Yinan also updated the status of “See you on Wednesday, November 25th†through personal microblogging, but Li Yinan never made a public appearance.
After that, Li's microblog has been regularly updated until January 21 this year. However, according to the exact news received by the titanium media editors at the time, Li Yinan has been investigated criminally and is not free.
How much will a man’s ambition have to be able to accept?
"I have a long way to go, and I really want to do something in the future." He said this sentence five years ago. I hope that Li Yinan is still effective for today. In the future, Li Yinan will come back and do a good job. one thing. (This article exclusive first titanium media)
The following is based on public information Li Yinan resume:
Li Yimian was born in 1970 and he was a teenager in Huazhong University of Science and Technology. At the age of 26, he became the youngest vice president in Huawei's history.
In 2000, Li Yinan left Huawei to establish the Harbor Network and was acquired by Huawei. Since then, he has served as Baidu CTO, and China Mobile's 12580 CEO.
Prior to the establishment of Niu Dian Technology in May 2015, Li Yinan had been engaged in the VC industry as a partner of Jinshajiang Venture Capital. Li Yinan once said that Niu Dian Technology will be his last venture. Niu Dian currently finances 50 million U.S. dollars. On June 1, 2015, Niu Dian Technology announced its first product, the Mavericks N1.
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