behavior.
On June 15, Li Guoqing and Yu Yu’s divorce case was heard in the Dongcheng District Court of Beijing, and Li Guoqing and Yu Yu appeared in court. It is reported that this court hearing is the second round of court hearings after the first hearing in November last year. Due to the complexity involved in Dangdang’s equity split, this court hearing has not yet been pronounced.
Dangdang was founded in November 1999 by Yu Yu and Li Guoqing. In December 2010, when Dangdang was listed on the New York Stock Exchange, the market value at the peak was close to $3 billion. In September 2016, Dangdang completed the privatization and delisting. At the time of delisting, the market value was only 536 million US dollars (about 3.36 billion yuan). At that time, the outside world speculated that Dangdang may return to the A-share market. In 2018, Dangdang’s transaction to sell HNA for 7.5 billion yuan was eventually stranded.
Accompanied by this, Yu Yu and Li Guoqing are the opposites of the entrepreneurial couple.
In the middle of the night on October 23, 2019, in Li Guoqing’s WeChat circle of friends, an article published on October 19 about “responding to the cup fall event and promoting your own entrepreneurial project” Next, Li Guoqing’s wife, Yu Yu, who is also the co-founder of Dangdang.com, published a long article response, saying that Li Guoqing “does not tell the truth, tells the story. Nine points are false, one point is true, and the sentiment is hot search”, “‘ “Yongzheng Dynasty”, “Kick away the management”, “Shares are deceived”, force the palace, drive away the vice president… Except for the half of the “force palace”, you lie about everything.”
Analysis believes that after 20 years of entrepreneurial ups and downs, the relationship between the two has completely broken.