Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 536: Entering the SP Market

Mr. Liu taught a three-step approach to corporate decision-making: respect the opinions of the majority, discuss with the minority, and finally make the decision on his own.

Of course, this majority of people cannot be ordinary employees, or even ordinary executives.

Only those on the decision-making committee are qualified to participate in strategic matters.

Even Xu Liangjie cannot participate in such strategic meetings now.

The focus of this discussion is whether MSI should cooperate with China Mobile to establish an SP department.

Take a vote.

He Yang, Wang Haoyang, Zhang Yiming and Cheng Binghao agreed, while Guo Pengfei abstained.

No one objected.

Among them, the most excited one is Financial Officer Wang Haoyang.

He was full of enthusiasm and made an impassioned speech: "Everyone, you all know Xinchuan Group, right?"

He Yang nodded, "I heard there have been layoffs recently?"

"Yes, there is a massive layoff. It is said that excessive expansion in the early stage has led to rising costs. We have to reduce business lines, lay off employees, and reduce costs. Just like Kong Kong.com at the beginning of the month."

Wang Haoyang's words clearly explained the details of Xinchuan Group.

At the beginning of this month, Kongzong.com, one of the leading SP business leaders, announced that it would lay off 15% of its employees and lay off 150 people. It became the first large SP company to announce layoffs after China Mobile's "second confirmation" and other SP rectification measures were introduced.

There is no doubt that Xinchuan Group's layoffs were also affected by policy changes.

It’s not bad to survive the cold winter period due to layoffs.

Already hundreds of companies operating SP business have died.

Wang Haoyang said: "Last year, there was a wave of resignations at Sina. Binghao and I came to Ziweixing, but we were not the top few in that wave of resignations. Co-chairman Jiang Fengnian, executive vice president Zhang Shazheng, chief executive

Operating officer Lin Xinhe and others also resigned. Among them, Jiang Fengnian and Zhang Shazheng started a business in partnership and established a new company, which is Xinchuan Group."

Guo Pengfei couldn't help but ask: "Why did so many senior executives leave Sina last year?"

Wang Haoyang hesitated for a moment and said, "I was influenced by Wang Zhidong."

Wang Zhidong is the founder of Sina. Jiang Fengnian, Zhang Shazheng, Lin Xinhe and others were all early co-founders. Cheng Binghao, Wang Haoyang and others were all early executives recruited by Wang Zhidong.

However, Wang Zhidong was later fired by Sina's board of directors.

This incident caused a huge uproar and once caused huge turmoil to Sina, which almost led to death. In addition, Shanda's malicious merger last year made many elderly people very disappointed.

Wang Zhidong's second venture after leaving Sina also achieved certain success. Many old people withdrew from Sina when they saw the opportunity.

Zhou Buqi didn't want to get too involved in Sina's affairs. The water there was too deep, not only at the commercial level, but also at the 404 level, so he asked: "What happened to Xinchuan Group? I really don't know."

Wang Haoyang said solemnly: "After Chairman Jiang and Mr. Zhang left their jobs, they started their own business in June last year. It has only been more than a year. I saw their data some time ago and was particularly shocked."

"oh?"

"When they first started the business, they had only a dozen people, but now they have grown to more than 600 people, which is more than the number of regular employees of Ziweixing. They are mainly engaged in SP business. In the past year, the business profit was as high as 2 billion!"

"How many?"

"2 billion!"

Wang Haoyang told a piece of data that shocked everyone.

2 billion profit?

Are you kidding me?

How can a start-up reach this scale in one year?

It’s simply more powerful than Ziweixing!

Moreover, Ziweixing operates such a wide range of businesses, and Xintian Group only deals in SP wireless business... This is too scary.

But Zhou Buqi looked surprised, "No, such a high profit is higher than Sohu Wireless. But I remember that Sohu Wireless ranked fifth, and XinTuan Group doesn't seem to be in the top ten, right?"

Wang Haoyang explained: "The 2 billion I am talking about is business profits. In order to develop rapidly, XinTuan Group has acquired dozens of companies in succession. The most important direction is sports news. They have represented ESPN, Star TV, etc.

Domestic advertising agency and distribution

Rights, responsible for the advertising business of the Chinese Super League, CBA, Premier League and NBA sports events, and even obtained the NBA's online broadcast rights. Such a high investment requires a lot of money to buy the copyright. Therefore, their net profit is not very high.

, only $15 million."

This is not surprising.

The reason why Xinchuan Group develops faster than Ziweixing is because they play the tricks of second-rate dealers and resell things. They develop quickly, but the risks are also high.

If competitors see opportunities and get involved and negotiate with NBC, ESPN, Chinese Super League and other companies, then XinTuan Group's life will not be easy.

Ziweixing is different. It does not rely on buying other people's things, but creates its own content, such as friends network, school network, Weidian Technology, etc.

Xinchuan Group lacks a moat and seems to be developing very fast. It may be dead in a year and a half.

However, this also profoundly illustrates a truth.

It’s SP business, what a money-attracting tool it is!

A one-year-old company can earn 2 billion a year through Monternet. How much does Monternet earn? How much money does this extract from the country's mobile phone users?

This process is definitely not initiated by the user.

It is really necessary to rectify the chaos in the SP market.

Zhou Buqi then asked: "Do you still have communication with them there?"

"Some." Wang Haoyang nodded.

"How will their income change in this cold winter?"

"I'm not sure, I guess I have to cut it in half."

Zhou Buqi sighed, "It's a pity that no one here understands the SP business. If Ziweixing wants to win this market, it must poach people from outside. What do you think?"

He Yang: "It should be."

Guo Pengfei: "We should recruit people from outside."

Wang Haoyang: "It can only be like this, and there are ready opportunities."

"oh?"

Zhou Buqi's eyes lit up.

Wang Haoyang said with a smile: "Now is the cold winter period for the SP business. Major companies are laying off employees one after another. Even Kongzong.com and XinTelecom Group can't bear it. Only when we encounter a crisis can we take this market seriously.

It’s clearer. The biggest winners are Sina and Sohu, Internet companies with huge reputations in the industry.”

"How to say?"

"For example, Xinchuan Group has little reputation and weak bargaining power. Coupled with the cold market, profitability will definitely have problems. But big companies such as Sohu, Sina, and NetEase are different. They have great reputations and stronger

Bargaining power. Organizations like the NBA and FIFA are very strict about copyright management, and they will never cooperate with pirated companies. Well-known large companies will have significant advantages."

Zhou Buqi nodded.

The reputation of Ziweixing today is not much worse than that of the three major portals, and it is countless times better than XinTuan Group, Kong Kong and the like. This is the core key to attracting high-level talents to join.
Chapter completed!
Prev Index    Favorite Next