Winning the new financial era

Chapter 570 OKR
"In terms of investment, how many shares does Ruixiang want?"

Wang Xinwen thought about it, and decided not to express his opinion in a hurry.

"At least 51%, of course, if you agree, a higher percentage is also possible."

The more Zhang Lan sees Lilith, the more he likes it. It doesn’t matter if the name is interesting, and I heard that it is also super kind to employees, which is very consistent with Ruixiang’s philosophy on this point.

Of course, the most important thing is that the games developed by the other party are very suitable for overseas markets, and will not cause conflicts with Ruixiang, but can form business synergy in many aspects.

Wang Xinwen frowned first, then stretched it out, and said with a smile: "These 51% shares are too much. They are not investments, but acquisitions."

Zhang Lan didn't explain too much, but talked about his own thoughts.

"Lilith is a very good game company, but it still lacks a lot of background if it wants to challenge Penguin and Pig Factory.

After joining Ruixiang, in addition to sharing all the resources of Ruixiang, including 15 billion monthly active users worldwide, and massive traffic promotion resources.

Such as game development funds, there is no need to worry.

Like Supercell, you can devote yourself to research and development and make a good product. As for the operation and realization, you don't have to worry about it at all. "

At this time, Wang Xinwen heard that the other party wanted Lilith to become a studio under Ruixiang.

"Does Ruixiang want to be the next penguin?" Wang Wenxin asked calmly.

"No, no, no," Zhang Lan waved his hand, "We will not become Penguin, nor will we become Ali, Ruixiang is Ruixiang, and surpassing their two companies is our established goal."

Wang Xinwen opened his mouth, wanting to complain that the other party was too conceited, but after thinking about it, Rui Xiang did say this with his qualifications and strength.

There is only one company in China that is fighting with BATJ at the same time, and there is no semicolon.

There is also a 300 billion-dollar Grab group overseas, and it also keeps a close relationship with Facebook and Sarabu from time to time.

Such an enterprise, in some respects, is no less than Penguin and Ahri.

Just wait for Sharp to go on the market, the name of ATR will be completely confirmed.

"Mr. Zhang, after thinking about it, I think it might be more suitable to invest."

Zhang Lan smiled slightly, did not answer this question, but quoted the price with a smile, "Our valuation of Lilith is 150 billion yuan."

Wang Xinwen stopped talking now, he knew very well what this price meant.

Century Huatong acquired Shanda Games at a price of 298 billion yuan.

The market value of Sanqi Mutual Entertainment is 200 billion, while that of Perfect World and Giant Network is 350-400 billion.

The transaction consideration of 150 billion has caught up with the market value of Youzu Network and Kunlun Wanwei.

Zhang Lan picked up the coffee on the table and took a sip, observing Wang Xinwen's expression calmly.

The latter was silent for a few seconds before speaking: "Mr. Zhang, thank you for your love. I already have feelings for this company, and I will not sell it easily."

Zhang Lan had a faint smile on her face, what are you pretending for me? If you have feelings, you still hesitate for a few seconds.

"160 billion, if you want cash or Ruixiang stock, you can be satisfied."

Before Zhang Lan came, he had obtained full authorization from Zhang Yida.

When Zhang Yida heard that it was Lilith, he directly authorized her 200 billion yuan, and the acquisition could be completed within this price.

If he hadn't been busy with the preparations for the final launch of "Feishu Interactive", Zhang Yida would have wanted to do it himself.

The current Lilith has not yet fully exploded, but Zhang Yida has some impressions that this company will start to reach its peak next year, and quickly enter the top few mobile game manufacturers going overseas.

Known as "China's Supercell, the world's Lilith", it is estimated that the revenue in 2020 may exceed 200 billion yuan, which is the current level of Ruixiang Games: average, ranking third in the country.

If Ruixiang's games can achieve a revenue of 500 billion yuan a year, then Zhuchang's position as the second child of Wannian, which has been maintained for many years, will be suspended.

Wang Xinwen felt the opponent's courage to overwhelm people with money, and this addition was 10 small goals.

He was a little shaken in his heart. As long as he nodded, he, as the major shareholder, could get nearly 53 billion in one go.

But after thinking about it, his own game company is not bad, with billions of dollars in annual revenue and hundreds of millions of net profits.

If you operate slowly, the money is not impossible to earn.

The only difference is that one is in place at one time, and the other is a part of the annual dividend.

Of course, we also need to consider the fact that the game we developed has only been popular in the past two years, and it will no longer be popular after two years.

Why do so many game companies go public even if they are not short of money? They all want to sell some stocks and avoid some risks.

"Mr. Zhang, I need to discuss with the other two co-founders and shareholders before I can give you a specific answer."

Zhang Lan nodded and smiled, "Of course, don't worry."

……

Feishu Interactive, referred to as Feishu, Lark under Toutiao will be renamed to this in the future.

Zhang Yida thinks the name sounds good, Feishu, Feige Chuanshu, and it sounds like "Flying Speed", which is very suitable as an office management software and a name.

So as early as three years ago, the company name and Logo were registered by him.

At the same time, Ruixiang also developed a set of office system internally.

After the betrayal between Ahri and Penguin, the group and its branch companies have completely suspended DingTalk and WeChat Work.

In Zhang Yida's words, you can't gamble on the morality of your competitors.

Since many years ago, Ruixiang has launched a series of mergers and acquisitions and investments around the field of enterprise services.

Day and night calendar, graphite, curtain, and Zoom are respectively benchmarked against schedule management, document collaboration, note-taking applications, and video conference scenarios in the field of enterprise services.

Another advantage of promoting enterprise office software is that it is convenient to sell cloud computing services.

Ruixiangyun started late and has a weak foundation. It has always relied on the ecology of Ruixiang Group to provide services to upstream and downstream cooperative enterprises and customers.

But in the final analysis, the market share is still too small, and we have been trying to find ways to actively break through.

The functions of Feishu are not complicated. At present, there are several functions such as instant messaging, smart calendar, cloud documents, cloud disk, intelligent robot, workbench, and OKR.

Instant messaging is similar to corporate WeChat. You can have one-on-one private chats, and there are also groups.

But there are also many differences. Feishu’s pictures and texts can be sent together, and there are urgent message reminders in case of emergency, all of which serve to improve the efficiency of work and communication.

The smart calendar is not just a simple function to check the date. It can check the busy status of colleagues, quickly send meeting invitations to colleagues or the entire group, quickly find free meeting rooms, and so on.

The intelligent robot will automatically push various dynamics of the integrated application to the group chat, helping employees to grasp multi-party information in a timely manner, improve efficiency, and reduce repetitive work.

The workbench can be connected to third-party ISV applications and existing systems of the enterprise.

Support financial processes such as procurement, reimbursement, reserve funds, and payments; administrative processes such as item collection and application for seals; and approval functions for personnel processes such as resignation and recruitment.

For programmers, daily tools can be developed on it.

Those who want to earn OKR can also independently develop office applications to fully mobilize the enthusiasm of each employee.

The so-called OKR, the Chinese name "Objective and Key Results Method", was invented by Andy Grove, the founder of Intel Corporation, and has been carried forward in Google singers. Facebook and LinkedIn are also using this.

Domestically, Qiandu, Huawei, and Toutiao are also using this method.

The idea of ​​OKR is to set goals first, then clarify the results of the goals, then quantify the results, and finally assess the completion status.

The biggest difference from KPI is that one is bottom-up and the other is top-down.

The goals under the OKR system are proposed by individuals and then determined by the organization.

There are also prerequisites for implementing OKR, which is not applicable to any company.

Employees must have subjective initiative, creativity, high professional ethics and outstanding professional technical ability.

OKR and performance bonus are not linked, they are two sets of implementation mechanisms.

Silicon Valley companies regard OKR more as a way to realize employees' dreams and surpass themselves, and they no longer care about the incentives of how much bonuses they can get.

In addition, the OKRs in these companies operate on a project system, which is not project management in the usual sense in China.

This kind of project system is more in the form of a project company. When there is a prototype of an idea in the early stage, the company can evaluate and establish a project, and the company will incubate it.

Once the prototype machine is developed, it is possible to introduce venture capital, and then continue to iterate the product and continue to introduce various funds.

And all the engineers who participated at the beginning will join as the original shareholders, so as to grow rapidly in the form of a company.

Finally, it will be listed or sold to a listed company to obtain huge profits.

It can be regarded as an incubation business, but Ruixiang has not successfully incubated one.

This point is indeed a bit embarrassing. The major companies are still starting their own businesses, and they don't have so much money to support their employees in incubating their businesses.

Therefore, employees are not so active in earning OKR, because they have not seen actual cases and are seriously lacking in motivation.

(End of this chapter)