My 1999

After leaving Sanlitun, Xu Liang came to the Hongmeng Spacecraft Headquarters in the Future Science City.

As Hongmeng’s reputation in the global technology community grows, it has become a holy place for geeks in China and even around the world.

Every time he comes here, Xu Liang sees people taking pictures here.

After a brief look, I came to the chairman's office on the fifth floor.

Not long after, the group COO Xie Wen opened the door and walked in.

"Mr. Xu."

"Waiting for you, come here quickly."

Invite him to sit down on the sofa in the reception area.

Xu Liang picked up the brewed tea and poured him a cup.

"Are you all ready?"

"The senior management of the head office and major branches are all here. Even if they are unable to come due to temporary matters, they will participate in today's mid-year meeting via video."

Xu Liang nodded, picked up the tea in the cup and drank it in one gulp.

"Let's go, finish it early so that we can arrange work for the second half of the year."

Xie Wen stood up and followed him.

The two came to the conference room on the top floor.

The room, which could accommodate hundreds of people, was already half full.

There are also people waiting on the monitors hanging around.

As the two people came in, everyone quickly stood up.

When he came to the middle seat and sat down, Xu Liang glanced at him.

Group Chief Operating Officer Xie Wen, Co-President Qu Guangyun, Chief Financial Officer Xiang Jie, Chief Technology Officer Shen Weiguo, and Chief Talent Officer Dexin.

He Guiyou, Group Marketing Department.

Zhao Tai from the Crisis Public Relations Department.

Xu Hanxing, Director of Group Supervision Department...

More than 20 senior executives from the group headquarters were all present.

In addition to them there are also subsidiary presidents.

and Yu Jun, co-president of Hongmeng Corporation and president of Bing.

President of No. 1 Store, Qian Santai

President of Pangu Company, Yang Tingkun

Shang Zhengfeng, President of Hongmeng Pay

Hongmeng Games President, Wei Xiao

President of Sina Corporation, Wang Zhidong

President of Jinshan Company, Zou Hongwei

Universal Pictures President, Ron Meyer

President of Youku [YouTube], Sun Yan

President of Chaos Company [Digital Earth], Liang Xiaoping

President of Android Company, Qiu Bojun.

Coupled with the vice presidents of major companies and heads of overseas regions, there are nearly a hundred people, forming today's huge "Hongmeng Group".

It needs to be emphasized that with the continuous development of the global Internet, the business of Hongmeng's major subsidiaries continues to grow.

The previous model of overseas subsidiaries directly managed by the headquarters has been cancelled.

All Bing’s global business has been delegated to Yu Jun.

The same goes for other subsidiaries.

Without dual jurisdiction, major subsidiaries have closer ties with overseas branches and become more efficient.

And you can rationally plan overseas business according to your own business.

For example, Bing's business covers the whole world, but Kingsoft's business is only in Asia, or even China. There is no need for the latter's overseas companies to be too big.

This obviously saves money.

Seeing the respectful expressions of everyone in the audience, Xu Liang, who had always remained calm, couldn't help but feel satisfied.

This is the country he built.

After taking a slight breath, Xu Liang waved his hand.

"Everyone, take a seat."

After he sat down, everyone sat down.

After quickly scanning everyone with his profound eyes, Xu Liang smiled.

“It has been almost eight years since the day Hongmeng was established.

In eight years, you and I have built a powerful technology group from scratch that spans the world and is famous all over the world.

As of today, the group holds four listed companies with a total market value of US$214.254 billion.

There are seven unlisted companies with a valuation of US$103.57 billion.

The business scope includes the Internet, e-commerce, finance, pan-entertainment, operating systems and other industries.

It has seven laboratories worldwide.

The group has nearly 50,000 employees.

We can stand proudly in front of world-class technology companies including IBM, Microsoft, Western Digital and so on.

I'm no worse than you! "

Wow...

Loud applause resounded throughout the conference room.

Everyone's faces showed excitement and excitement.

As the big boss said, Hongmeng is no worse than any other technology company in the world.

After the applause stopped, Xu Liang continued with a smile.

"However, no matter how good the results are from this moment, it has become yesterday. The purpose of calling everyone here today is to summarize the past results, so that everyone can have a detailed understanding of the group and at the same time, look forward to a higher level. future.

At the same time, it also leads the group to a higher peak. "

After another burst of loud applause.

"Currently, the company has a total of 11 subsidiaries. The one with the highest market value is Bing, which currently exceeds US$150 billion."

As soon as these words came out, everyone couldn't help but cast envious glances at Yu Jun.

If Internet companies in the 1990s loved portal websites, then the pinnacle of the Internet in the new century is search engines.

It’s not just Bing’s market value that dominates Europe and Asia that is dazzling.

Google, which dominates the English-speaking world, is also an Internet giant with a market value of over 100 billion.

"Old Yu, you will be the first to make the report today."

Yu Jun, wearing a gray T-shirt, black sweatpants, and white sneakers, nodded.

His casual outfit is the most common style in Hongmeng.

Big boss Xu Liang is like this. The whole Hongmeng dress style is quite free.

"Dear Mr. Xu, colleagues, under the leadership and care of the head office, and with the efforts of all Bing employees, as of June 30, 2007.

The total revenue for the two quarters was US$8.56 billion, a year-on-year increase of 58% and a month-on-month increase of 6%;

The net profit was US$1.925 billion, a year-on-year increase of 28%.

In terms of business, Bing is mainly divided into online and offline.

The online business is mainly search-based, with six self-operated columns: news, encyclopedia, Q\u0026A, pictures, knowledge, and books;

There are also eleven cooperative columns: music, video, library, map, forum, cloud disk, translation, education, etc. Column.

After nearly eight years of accumulation, Bing currently has 34.952 billion pieces of content in its index, making it the world's largest index database.

Currently, Bing occupies 87% of the Chinese search market, 76% of the Japanese and Korean markets, 84.8% of the Southeast Asian market, 64.6% of the European market, 78.5% of the Middle East market, 41.9% of the South American market, 43.5% of the African market, and the lowest market in North America, only 12.4%.

It is the world's largest Internet search company, accounting for 62% of the total global search market share. "

Online search is not about the quality of technology, but about accuracy.

The larger the database, the more accurate the search provided.

This is a huge advantage for Bing.

And as time goes by, the advantage will become greater and greater.

"Thanks to the rapid development of the search business, online advertising has become Bing's largest source of revenue, accounting for 80% of Bing's total revenue.

Currently, Bing has 550 million registered users worldwide, 2.289 million corporate users, and 1.328 billion daily active users."

Yu Jun took a breath, feeling the envious eyes around him, and felt very comfortable.

"The offline part is mainly based on outdoor advertising channels.

It mainly includes three parts: building advertising, outdoor advertising, and commercial advertising.

Building advertising covers more than 190 cities across the country, with about 780,000 self-owned positions, covering more than 72 million community people, and a market share of more than 70%.

It reaches more than 200 million urban mainstream people every day.

For outdoor advertising, it covers all first-, second-, third-, and fourth-tier cities across the country, with 137,000 outdoor billboards, LED screens, light boxes, etc., reaching more than 100 million urban mainstream people every day.

Commercial advertising currently mainly includes offline channels such as cinemas, hospitals, and shopping malls .

This work is organized and uploaded by Liujiu Book Bar~~

Signed 679 cinemas, 1,289 hospitals, 738 shopping malls, more than 3,000 channels, nearly 10,000 screens. ”

“Bing offline channels have become an important supplement to online advertising business, effectively improving Bing’s competitiveness in the advertising field and promoting the development of Bing’s search business.”

“At present, Bing’s offline channels are already the dominant force in the domestic industry. Next, we will develop overseas through mergers and acquisitions and investments, and strive to become the leading outdoor advertising company in East Asia and Southeast Asia within three years.”

After speaking, he put down the documents in his hand.

“My report ends here. Please comment on it, Mr. Xu and colleagues.”

Hua La…

Xu Liang took the lead, and everyone applauded.

After the applause subsided, Xu Liang smiled.

“Over the years, Bing’s development has been booming. Old Yu, you have made an indelible contribution.”

“You are too kind.” Yu Jun said calmly.

"I agree in principle with the expansion of Bing's offline channels, but the focus of your development is not the content of advertising, but the advertising channels."

"Yes, we will definitely keep it in mind."

After Xu Liang waved his hand to signal him to sit down, his eyes turned.

"Old Qian, Yihaodian is now the second-highest company in Hongmeng by market value. You will make the report below."

Qian Santai, who is broad and fat, stood up quickly.

"Mr. Xu, everyone, Yihaodian has been developing for seven years and is now the largest e-commerce company in East Asia and Southeast Asia.

Currently, the number of online merchants cooperating with us has exceeded 675,400, including 24 major categories including luggage, bedding, shoes and hats, and electronic products, more than 200 subcategories, and nearly 150,000 different products.

The website has 273 million registered users and 387.5 million daily active users.

As of June 30, Yihaodian's total revenue for the two quarters was US$5.422 billion, and its net profit was US$69 million.

In addition to e-commerce Another major business segment of Yihaodian is logistics.

Currently, it has 28 first-level logistics centers, 673 second-level logistics centers, 14,000 logistics outlets, and 48,600 logistics self-collection cabinets in East Asia and Southeast Asia.

It has 39 cargo planes, 105 cargo ships of various models (the most in Southeast Asia), and more than 5,000 vehicles of various models.

It has delivered 274 million packages.

Total revenue in the two quarters was US$712 million, and net profit was US$171 million..."

Xu Liang listened to it and nodded secretly in his heart.

Yihaodian's market value is about US$26 billion, which is one-third lower than Amazon.

If it were just e-commerce, Yihaodian's market value would not be so high. The key is that Yihaodian spends more money on logistics than Amazon.

The income from logistics has become the basis for Yihaodian's market value of US$26 billion.

"In the next three years, the main goal of No.1 Store is to continue to dig deep into the Japanese, Korean and Southeast Asian markets, and explore the Australian, New Zealand and European markets while consolidating its leading position in domestic e-commerce, especially in the B2C field.

In terms of logistics, the focus is on the domestic, Japanese, Korean and Southeast Asian markets, while also taking into account the European market."

The logistics infrastructure in developed countries is relatively complete, unlike China and Southeast Asia, which are not much different from starting from scratch.

Especially in Southeast Asia, the infrastructure is too poor.

There are many things that No.1 Store cannot invest in even if it wants to.

Fortunately, although Southeast Asia has few railways and roads, it has many rivers.

These natural roads save a lot of logistics investment costs.

After Qian Santai stopped, Xu Liang organized his words.

"No.1 Store has developed well, but it can't relax either.

In China, you face competition from Alibaba, and abroad you face competition from Amazon and Rakuten.

Once you relax, you may be caught up by others and completely lose the opportunity to dominate the global e-commerce hegemony."

Qian Santai nodded quickly.

There was also a bit of resentment in his heart.

If he didn't have the big boss's support, he wouldn't care about Alibaba or the recently popular Kunlun Optimization.

"Don't worry, I will definitely urge Point No. 1 to do this and won't let up."

Xu Liang nodded slightly, waved his hand to signal him to sit down, and looked at Wang Zhidong.

"Old Wang, you come next."

Wang Zhidong, who had expected this, stood up.

"Since the integration with Vivendi Network, Sina has become a world-class Internet portal spanning Europe and Asia.

It is second only to Yahoo in the field of global portal websites.

As of now, Sina's major websites have 467 million registered users and 413 million daily active users.

It has nine major business segments: Sina News, Sina Sports, Soufang.com, Tieba, Autohome, Sina Game Hall, Sina Mail, Sina Blog, and Sina Weibo.

It is the largest online news website in Europe and Asia, and many of its businesses rank first in the country and even the world.

This year's total revenue in the second quarter was US$3.125 billion, a year-on-year increase of 17%, and net profit was US$297 million, a year-on-year increase of 21%..."

Although Sina's revenue is more than that of No.1 Store, it is an indisputable fact that portal websites have been on a downward trend.

Even Yahoo's market value has dropped from US$80 billion in its peak period in 2005 to 50 billion now, and Sina is no exception.

When it just merged with Vivendi, its market value once exceeded US$50 billion, but now it has dropped to US$37.2 billion.

If it weren't for the rapid development of Sina's Soufang.com, Autohome, and Weibo.

The decline would be even greater.

In addition to the decline in market value, Sina's price-to-earnings ratio has also fallen.

It has barely exceeded 20, not to mention Bing's price-to-earnings ratio of more than 50 times, and it is also much worse than No. 1 Store.

The latter's price-to-earnings ratio is now close to 30.

Fortunately, Hongmeng has been regularly holding shares in Sina.

In two years, it has reduced its holdings from 33.69% when it merged with Vivendi Networks to 24.17% now.

It cashed out $4.8 billion.

Although the shareholding has been reduced, Hongmeng still firmly controls Sina with the AB share system.

Xu Liang explained a few words and asked Wang Zhidong to sit down.

Next is Kingsoft Software, which was listed not long ago this year.

Its revenue and profit cannot be compared with the previous three big brothers.

Although the price-to-earnings ratio is still higher than No. 1 Store, its market value is only a fraction of several companies.

This made Zou Hongwei hold his breath.

When he finished his report, except for the Internet technology company that had been sold, all the listed companies under Hongmeng were here.