is really full of talented people from generation to generation, each leading the way for several years!
Some time ago, Luo Yonghao announced that he would withdraw from the shopping circle because he paid off 600 million yuan in debt. Luo Yonghao’s next stop is still the technology circle.
To be honest, Mr. Chun was not surprised at all when Luo Yonghao quit live streaming, because Luo Yonghao’s dream is to be in the technology circle. Under the premise of being debt-free and light-hearted, Luo Yonghao has no reason not to return to the technology circle.
But what surprised everyone was that the successor to Luo Yonghao was actually New Oriental Online . Recently, New Oriental live streaming can be said to be very popular!
New Oriental Online's live broadcast platform "Oriental Selection" has soared in popularity due to its "bilingual delivery" model. The number of fans has suddenly increased and now exceeds 10 million. The GMV of the live broadcast room has also jumped from one million to ten million. Ranked first on the delivery list.
Due to the high popularity of New Oriental's live broadcast room, New Oriental Online's stock price has directly surged. In less than a month, New Oriental Online's stock price has increased nearly 10 times, which is astonishing to everyone.
Especially in the five trading days from June 10 to June 16, New Oriental Online’s daily increase exceeded double digits (the increases in these five days were 39.4%, 40%, 23.2%, 54.2%, and 72.7% respectively) ).
Just as New Oriental was singing all the way, Tencent , as one of the shareholders of New Oriental Online, significantly reduced its holdings of New Oriental Online at this time.
media broke the news that Tencent reduced its holdings by 75 million shares. After the reduction, its shareholding ratio dropped from 9.04% to 1.58%, with an average price of 9.6 and a total amount of 720 million. Mr. Chun checked the total price of Tencent's stake in New Oriental Online, which was 640 million. In other words, in 7 years, Tencent earned 80 million, with a total income of 12.5%!
According to common sense, Tencent invested in New Oriental Online and only obtained less than 13% of the income in 7 years. This can be said to be an unsuccessful investment. However, since New Oriental has been affected by policies before, Tencent’s investment cannot be blamed. Poor vision.
What we should think about now is that New Oriental Online has been so popular recently, and the popularity of the live broadcast room is getting higher and higher day by day. According to common sense, the future of New Oriental Online should be very promising. Why is Tencent reducing its holdings at this time?
In Chun Gongzi’s view, Tencent chose to reduce its holdings of New Oriental Online at this time point. To put it bluntly, it does not recognize the long-term development logic of New Oriental Online.
Let’s first understand that Tencent’s investment vision is very good when compared to the entire Chinese investment circle. Tencent has previously invested in well-known unicorn companies such as Jingdong , Pinduoduo, Meituan , Futu Niu Niu .
So what is Tencent worried about? To understand this problem, we need to understand the logic of New Oriental Online's rise, that is, many people believe that New Oriental Online has become an e-commerce company.
If we accept that New Oriental Online will be an e-commerce company in the future, can New Oriental Online really be able to maintain a foothold in the e-commerce circle for a long time? Now that the domestic e-commerce track has been seriously involuted, what are the advantages of New Oriental Online facing , Alibaba, , JD.com and even Pinduoduo? Anyway, Mr. Chun can’t understand it now!
As a veteran of the education and training industry, New Oriental has encountered supervision of the education and training industry, and its transformation state is still a long way off! Mr. Chun believes that it is undoubtedly a wise decision for Tencent to reduce its holdings while taking advantage of the rising stock price of New Oriental Online!
