Top of the Great Era

The general meeting of shareholders appoints the board of directors, and the board of directors appoints the executives.

Therefore, the change of the senior management does not need to go through the shareholders' meeting, but if it is an executive who is also a director, it has to go through the shareholders' meeting.

Changyou's shareholder meeting was chaired by Zhang Chaoyang.

Zhou Buqi was side by side with him, sitting together at the front seat of the square table, the meaning is very obvious, this is the core topic of this shareholder meeting - the handover of power.

It is not only the chairmanship of the board of directors that needs to be adjusted, but the entire board of directors has to undergo a major adjustment.

Under the chairmanship of Zhang Chaoyang, Changyou's shareholders' meeting elected a new board of directors, a total of nine people——

Chairman, Zhou Buqi;
Vice Chairman, Zhang Chaoyang;

Don Mattrick, executive director and co-CEO in charge of overseas business;
Executive Director and Co-CEO Ren Yuxin in charge of domestic business;
Director, and CFO Gabriel Houlding;

Director, Kevin Tsujihara;
Director, Guo Pengfei;

Director, Alex Jones;
Director, Wang Fang.

There are very obvious traces of Ziweixing. Except for Zhang Chaoyang and Wang Fang, they are all talented men and horses, which can be said to cover the sky with one hand.

Needless to say, Lao Zhang, he must be the candidate for the vice chairman.

Wang Fang's identity is also quite special. He is the founder and former CEO of Changyou, and he laid down Changyou's family fortune.However, he was out of power and was last on the board.

The current stage is just a transitional period. After two or three years, Changyou's organizational structure will be relatively stable, and he should resign from the board of directors.If he is still willing to work in Changyou, he can be the chairman of the board of supervisors.

Another important adjustment is that Gabriel Houding replaced Meng Boyan as the new financial director.

Changyou’s previous chief financial officer was Meng Boyan, who was of course also a director of Changyou.

This time it was replaced by Gabriel Houding, a foreigner.

However, Meng Boyan did not leave his job. He is still the chief financial officer of Changyou, but he is in charge of domestic business.Gabriel Houlding is in charge of overseas finance.

Gabriel Houlding had previously worked at EA and Blizzard, and served as the vice president in charge of finance at Blizzard, only one step away from the chief financial officer.

After Don Mattrick joined Ziwei Star International, he invited this former EA colleague to join him.

After joining Ziwei Star International, Gabriel Houding became the vice president of finance, in charge of the finance of the video game entertainment business, which is equivalent to the second in command of Ziwei Star International's financial system.

This time Changyou acquired the game business department of Ziweixing International, and he joined Changyou with Don Mattrick as a matter of course.

There are three main reasons why he can replace Meng Boyan as director.

One, the strategic level.

The next most important thing for Changyou is the development of globalization. During this period when the mobile game market started, it even grew wildly at all costs.

In the development of globalization, it is obvious that Gabriel Houding is more familiar with foreigners.

Second, the corporate brand level.

If Changyou wants to become a global game giant, it must first achieve globalization in its corporate structure, with the board of directors being the first to bear the brunt.

If the board members are all Chinese and the diversity is not enough, it will be easy to be criticized and make people complain, which will affect Changyou's global brand.

Third, the financial and regulatory aspects.

Changyou is listed on NASDAQ, and will take root in the European and American markets in the future. This requires Changyou to gain the trust of the authorities.

If the directors are all Chinese, they are all "outsiders" to the European and American authorities, which will easily arouse their fear.What if these outsiders form a partnership and do something tricky internally?
Therefore, the board of directors must be balanced, and there must be many foreigners present.These foreigners are regarded as "insiders" by the European and American authorities, and they will feel more at ease when they have their own people to swim inside.

The capital market also has this kind of logic. The more diversified the board of directors is, the less likely it is for the company to be monolithic, and the less likely it is for the management to knit together to harm the interests of shareholders, and the more stocks will be favored by the capital market.

Like Gabriel, Alex, Mattrick, Kevin Tsujihara and other foreigners, can they be of one mind with Zhou Buqi?
It's nothing more than a business relationship, starting a company together to make money.

Once Zhou Buqi wants to engage in some illegal activities internally, Chinese and Chinese are his direct descendants, so he may really bite the bullet and do some criminal activities with him.

Those foreigners are all part-time workers, so it is difficult to blend together, thus infringing on the interests of users and shareholders.

These foreigners, in fact, acted as a certain surveillance role.

If a Korean or Thai company has a very large business in overseas markets, but the board of directors is all locals, and there are no foreigners... This is very taboo, and it will be considered that they have a guilty conscience and are messing with them internally. Willing to be scrutinized by the public will be subject to strict scrutiny, constant targeting, and even sanctions by the authorities.

The truth is the same all over the world, and it is the same in China.

For example, at the beginning, foreign companies had to be joint ventures, and Chinese people had to participate in it. They just hoped to use their own people to keep an eye on foreign companies; guide them into business.

Zhou Buqi does business, and never engages in those messy, illegal and discipline-breaking activities. He is upright and aboveboard.

This is true both at home and abroad.

If he made money openly, he would already be able to earn a few gold mountains, so why did he play tricks that couldn't get on the table?

He is very calm and clean, so he has no guilt at all, and can accept the supervision of the whole society openly.

At the general meeting of shareholders, Zhou Buqi was successfully elected as the new chairman of Changyou's board of directors.

Then, as chairman, he nominated Netflix CEO Reed Hastings, Jieyu Media CEO Xu Baihui and Spotify CEO Daniel Eck as independent directors of the company.

The new organizational structure around Zhou Buqi is considered to have completed the top-level design.

……

The so-called general meeting of shareholders was actually not many people. There were only 27 shareholder representatives present, and more than half of them were foreigners.Many shareholders didn't come at all, and the shareholders who came had a mirror in their hearts.

Changyou's shareholders' meeting is basically just a talk, just come to be a witness, take a formality, and make a few suggestions, without real decision-making power in hand.

Ziweixing and Sohu already hold a majority stake in Changyou, so they don't need to adopt the AB share model.

However, everyone is full of expectations for the newly appointed young chairman.

At noon, it was funded by Changyou, and everyone was invited to have a state banquet at the Diaoyutai State Guesthouse.In the afternoon, there are some tourist projects, such as climbing the Great Wall, visiting the Forbidden City and so on.

Zhou Buqi did not participate.

Many of the shareholders are shareholder representatives of investment institutions, and they spend the institutional money to spend public funds in China. Zhou Buqi is not in the mood to take them on a tour.

Zhou Buqi went to Jiang Shuying and Tang Yixin's place first, relaxed for a while, and took a bath. After two o'clock in the afternoon, he returned to Ziweixing's headquarters in a refreshed manner.

Here in the office, it's ready.

Except for Guan Nanqing, who was on a business trip to the United States, the other eight young secretaries who stayed behind all received the task of "product experience officer" to try out and experience some apps on the current smartphone.

Zhou Buqi returned to the office and was a little surprised when he found that Gu Zanli was welcoming him, "Where's Sun Guanran?"

Gu Zanli was elegant and generous, and said crisply: "Assistant Sun is still on vacation."

Ning Lu who was behind said softly: "She took her parents to Chang'an for a tour, to see the Big Wild Goose Pagoda, the Terracotta Army and so on."

Zhou Buqi turned his head and said with a smile, "Isn't that your hometown?"

Ning Lu pursed her lips and said, "That's right, she even asked me how to get there."

Zhou Buqi thought of something, and asked curiously: "By the way, why haven't I heard you speak a dialect? I heard that the front nasal and back nasal sounds of your dialect are not distinguished."

"Boring!" Ning Lu gave him a white look, and then told Gu Zanli, "Call everyone out, let's discuss what fun apps there are."

After a while, Yingying Yanyan's little secretaries ran out happily.

Everyone holds a piece of material in their hands.

Zhou Buqi had just returned from Jiang Shuying and Tang Yixin's place, and he was in a magnanimous mood, so he asked everyone to bring over the yoga mats and throw them on the ground.Just like before, Zhou Buqi sat in the middle, and the girls sat around him, surrounding him.

Everyone speaks of their own understanding and discovery.

To be honest, the level of these girls is really not very good.

It may also be due to lack of work experience, failure to find the right direction, a kind of herd effect, and a lot of repetitive work.Fortunately, there is some value.

Some summarize the top 10 apps at the moment, some summarize the top 30 apps, and some carefully select the top 10 apps... In short, they are almost the same, just choose from the most popular apps at the moment.

Most of the popular apps have actually been paid attention to at the company level.

Zhou Buqi didn't discourage their enthusiasm, so he listened to their report with a smile, and summed it up, basically they are the 20 best apps in China at the moment.

There are slight differences, but they are basically the same. Basically, they are on QQ, WeChat, Fruit Ninja, Weibo, QQ Music, UC Browser, Youyou.com, Talking Cat 2, Taobao, Micropoint, Talking Cat, Big Choose among apps such as Fish Eat Small Fish, Battery Doctor, Micropoint Mobile Guardian, Micropoint Music, Meitu Xiuxiu, Q Letter, Micropoint Browser, Mobile Baidu, Today's Headlines, Micropoint Mobile Assistant, and Xiaonei.

Zhou Buqi just held a shareholder meeting at Changyou in the morning, and his thinking has not escaped from the game industry.

I am more concerned about the mobile games in these popular apps.

"Fruit Ninja" is launched by a game studio in Australia, and it is currently one of the most popular mobile games in the world.Changyou asked, and they said they would not sell it.

"Big Fish Eat Small Fish" is very familiar. It was launched by Baokai Studio under the game business department of Ziweixing International. It was originally a computer game "Swallow Fish", but it was turned into a mobile game and released by Changyou to the domestic market. market, it was renamed "Big Fish Eat Small Fish".

It is very popular in China. Among the top 10 free apps, there are big fish eating small fish.

That's nothing compared to talking cats, though.

In the top 10, "Talking Cat 2" ranked 5th, and "Talking Cat" ranked 8th, and both versions are on the list!