Express
ZHAN Ketuan Plans To Acquire Shares Of WU Jihan And Others At Valuation Of $4 Billion
Summary: According to a media outlet, on June 21, Bitmain founder WU Jihan held a general meeting to invite lawyers to provide professional legal interpretation. Another Bitmain founder ZHAN Ketuan called on employees not to participate in the meeting, and issued an emotional article in response to WU's previous statement. Some key messages are revealed as ...
According to a media outlet, on June 21, Bitmain founder WU Jihan held a general meeting to invite lawyers to provide professional legal interpretation. Another Bitmain founder ZHAN Ketuan called on employees not to participate in the meeting, and issued an emotional article in response to WU's previous statement. Some key messages are revealed as follows:
1. The focus is still on competing for the ownership of employees. ZHAN declares that he inquires legal responsibility and sends letters to employees through lawyers. His temporary control of Bitmain is an advantage. Due to HR's arbitrary exposure of employee privacy threats and the recall of a large number of executives who formly worked for Huawei, neutral employees have become hesitant.
2. ZHAN said that if necessary, chip purchases will be made directly through Bitmain. If WU purchase chips through Bitmain in Hongkong, the two parties need to negotiate to share the patent.
3. ZHAN made it clear that he threw an olive branch with a valuation of $4 billion to acquire shares of WU Jihan. As the Hurun rankings, Bitmain's current valuation is indeed between $4 to $5 billion. If an acquisition is needed, ZHAN needs to prepare more than $1 billion.
Tracy Chen
Tags: Bitmain
Link: ZHAN Ketuan Plans To Acquire Shares Of WU Jihan And Others At Valuation Of $4 Billion [Copy]
