news

August 13 news, recentlyDong Yuhui andOriental SelectionThe story behind the breakup, which mentioned the inside story of a loan between Dong Yuhui and Yu Minhong, attracted the attention of the industry.

LatePost quoted an insider as saying that Yu Minhong and Sun Dongxu gave Dong Yuhui tens of millions of yuan in total. Yu Minhong gave the vast majority of it, and Sun Dongxu gave Dong Yuhui 15 million yuan in March 2023 as a reward to help him buy a house. The two have not asked him to repay it so far.

Yu Minhong once responded to this in public, saying that he did not want Dong Yuhui to pay back the money, but later in the article it was suddenly mentioned that Dongfang Xiaosun also gave Dong Yuhui 15 million yuan, which attracted attention in the industry.

If Dong Yuhui's popularity has driven the stock price and valuation of Oriental Selection to soar, it seems reasonable for Dongfang Xiaosun, as the company's CEO who won easily (multiple sources of information show that Dongfang Xiaosun was treating an illness when Oriental Selection exploded), to reward Dong Yuhui with 15 million yuan. However, the industry generally believes that this money should actually be paid to Dong Yuhui by Oriental Selection in the form of bonuses, salaries, etc., and the "gift" from Yu Minhong and Dongfang Xiaosun does not seem to be in line with the normal governance of the company.

Considering that Yu Minhong and Dong Yuhui once said that they were "back to square one" after the essay incident, but eventually broke up quickly, whether the above-mentioned amount was a reward or a loan, and whether it was given by Yu Minhong alone or by Dongfang Xiaosun, may all become a matter of dispute in the future.

Although Dongfang Xiaosun cashed out 200 million Hong Kong dollars when the share price of Dongfang Zhenxuan was relatively high, and gave 15 million yuan to Dong Yuhui, the hero, it sounds reasonable, but is this money a gift or a loan? Yu Minhong, who is worth tens of billions, certainly doesn't care about the tens of millions he gave away, but what exactly is the money of Dongfang Xiaosun, who is just an employee?

Why did the money, which should have been given to employees in the form of company rewards, have to be given to Dong Yuhui through personal loans? Why did it go so well that when a rift arose between the two parties, they announced to the outside that the money did not have to be repaid, as if to show that one party was in the moral high ground?

Since last year, Bianniu.com has been following and reporting on the Dongfang selection incident, and even broke the news in advance that Dongfang Xiaosun would be dismissed. Bianniu.com has conducted some verification around the above questions.

A former employee of Oriental Selection who is familiar with the inside story revealed to Bianniu.com that after Dong Yuhui and Oriental Selection became popular, a company offered Dong Yuhui an annual salary of 200 million yuan, but Dong Yuhui did not leave. Oriental Selection offered Dong Yuhui an annual salary of 10 million yuan at the time, but his stock was not confirmed. During this period, Oriental Selection soared, with its share price rising from HK$2.8 to HK$75.

It was not until the Spring Festival of 2023 that Dongfang Xiaosun cashed out 200 million yuan, which attracted the attention of the entire network, and Dongfang Selection internally decided to grant Dong Yuhui stocks.

"But what we don't understand is that under normal circumstances, this reward should have been paid to Dong Yuhui as salary, but for some reason it was not paid as salary and bonus, but was borrowed in the name of an individual. Judging from the passive public opinion now, Dong Yuhui did not handle the salary contract with the company properly at the time." said the source.

Sources revealed that the media reported that Dongfang Xiaosun also gave money to Dong Yuhui, which was quite surprising. After all, the outside world only knew that Yu Minhong lent money to Dong Yuhui to buy a house, and Dong Yuhui joked that he couldn't pay it back, and Yu Minhong said that he didn't need to pay it back.

So the question is, does Yu Minhong mean that he doesn’t have to pay back the money he lent to Dong Yuhui, or does he mean that he doesn’t have to pay back the 15 million yuan that Dongfang Xiaosun owed as well?

There is currently no public information disclosed.

In other words, if Dongfang Xiaosun has Dong Yuhui's IOU or transfer record with the loan in mind, even though Yu Minhong publicly promised that Dong Yuhui does not have to repay the borrowed money, Dongfang Xiaosun has not publicly waived this part of his repayment rights, and in theory he can still collect the debt from Dong Yuhui at any time in the future.

Now, Dong Yuhui and Dongfang Zhenxuan's breakup drama at least leftTwo major revelations。

First, the company must give star employees salaries and rewards that match their value in a timely manner.Judging from the fact that the two parties parted ways, it was too late for both parties to break up in the end. It cannot be said that both sides suffered losses, but the share price of Oriental Selection did fall by more than 20% the next day, and Yu Minhong’s short video account also closed comments due to unbearable insults.

Second, those who can follow the company's normal salary and reward system must follow the normal system., failing to distinguish between public and private, often leaves both parties at a loss, especially when the loan is given out and then forced to say it does not need to be repaid due to pressure, which always makes the outside world feel that the borrower has a sense of superiority.