When I am reborn, I just want to be a top student

Chapter 827 The Listing Plan Launched, the Generous Wang Donglai

March has arrived.

Nanhai Province officially released the "Clean New Energy Vehicle Development Plan", marking Nanhai as the first region to propose clean energy goals and roadmaps for all sub-sectors of vehicles, and also the first region to propose a timetable for banning the sale of gasoline vehicles by 2030.

The Xichang Satellite Launch Center is about to launch another rocket, preparing to send the Zhongxing-6C satellite into space.

Scientists from the United States of America have announced that the first-ever clear image of a supermassive black hole is expected to be released this year.

At Galaxy Technology.

Wang Donglai convened a high-level meeting.

When Wang Donglai pushed open the glass door of the conference room.

"boss!"

Xu Zhibin, Baili Xiu, Xue Tao, Ma Rui, Yang Anchao, Liang Song, Ruan Wei, Guo Xing and others stood up and called out to Wang Donglai.

Wang Donglai raised an eyebrow slightly and said to everyone, "I've already said, there aren't so many formalities in the company. You can all just sit down."

“I don’t want this to happen to me, and I don’t want this to happen to you.”

"Galaxy Technology is a company. Employees come to work and earn money, not to be servants."

After mentioning it briefly, Wang Donglai didn't say anything more.

This is because Wang Donglai saw everyone instinctively stand up and greet him after he came in, which is why he said that.

In his previous life, this was the kind of thing he hated the most.

The market economy has caused many things to change.

It is said that everyone is equal, only that the division of labor is different, but some people sit in offices and some people sweep the streets, which is unfair.

The impact of money-centric thinking has led to a shift in many traditional moral values.

The relationship between employees and companies is gradually weakening, and job security is decreasing little by little.

Wang Donglai had been an ordinary employee in his previous life, so he understood this feeling very well.

Therefore, in this new life, he has been trying his best to fight against becoming the very bosses and entrepreneurs he hated most in his previous life.

Galaxy Technology does not have outsourced employees; it's because he was an outsourced employee in his previous life.

The reason why Galaxy Technology's ordinary employees receive higher salaries and benefits than those in the market is also due to this.

Now, he can proudly say that he has never forgotten his original aspiration!
There are many things he may not be able to do for the time being, but he has done his best within the scope of what he can decide and influence.

After gesturing for everyone to sit down, Wang Donglai waved his hand and said, "As usual, let me first report on the group's situation. Keep it brief."

Everyone nodded in agreement.

"Boss, as of yesterday, the platform achieved revenue of 34.14 billion yuan, with 4.442 million active buyers and an average monthly active user base of 2.476 million on the mobile client."

"Compared to JD.com, we far surpass them in both monthly active users and active buyers on the platform."

"Order volume, average order value, and average order price are all increasing."

"This is mainly due to the widespread adoption of smartphones in China, the expansion of the network, and the stimulus effect of billions of yuan in subsidies."

"The penetration into lower-tier markets continues, with a significant increase in the proportion of users in third-tier cities and below. Agricultural product categories are growing, and sales are also increasing rapidly."

"Based on forecasts, the annual growth will be approximately..."

Before Huang Zheng could finish speaking, Wang Donglai tapped the table lightly.

"No need for estimation, just accept the data as it is."

"The company is currently in a growth phase, and all the data are showing growth, which is very good."

"However, I must say that the market is fixed, and there will always be a time when it shifts from an incremental market to a stock market."

"Therefore, I will not deliberately pursue the growth of various data. The core principles and corporate culture of Pin Yi Dao are the true purpose of our establishment."

"To help more farmers and rural areas escape poverty, to enable more people to eat green food, to enable more people to buy suitable products, and to enable more people to perceive the development of society."

“We still have more than 600 million compatriots here with a monthly income of less than 1,000 yuan, and more than 800 million farmers.”

"Some people can afford to feed their pet dogs steak, while many others can't even afford to be free from the constraints of beef."

"Some people can fly all over the country and the world, while others have never even sat on a toilet."

"Our country has a large land area, a complex environment, and a large gap between the rich and the poor."

"Taotian Group is determined to move towards high-end and high-quality products, while our Pin Yi Dao will take the approach of reaching lower-end markets, allowing more people to enjoy the fun of online shopping on our platform."

"Actually, as things have developed to this point, I know that the game has almost reached a bottleneck."

"So, let's take a gamble and be the first to go public!"

Upon hearing Wang Donglai's last words, a hint of excitement flashed in Huang Zheng's eyes.

With his shareholding, he could easily achieve financial freedom if he just went public.

Furthermore, and more importantly, his resume is more impressive.

We'll go all out, from the very beginning until the company goes public.

With this resume, Huang Zheng will find it easier to attract investors, whether he changes jobs or starts a new business.

Huang Zheng wasn't the only one excited; everyone else was too.

As Galaxy Technology has grown to this point and its scale has expanded, it has naturally attracted a large number of talented individuals.

Shares and going public are what they are most looking forward to and concerned about.

The former can bring them tenfold or even a hundredfold return on their efforts.

The latter, on the other hand, can turn elusive value into cash.

Wang Donglai has also mentioned listing and shares many times.

Now, finally hearing Wang Donglai's promise to prepare for the IPO, everyone felt a huge weight lifted off their shoulders.

"Judging from your expressions, it seems like you don't really believe I can push the company to go public!"

Wang Donglai naturally noticed the subtle expressions on everyone's faces and couldn't help but say something.

"Boss, it's not that I don't believe it, I'm just a little too excited."

Huang Zheng quickly spoke up to explain.

Wang Donglai shook his head slightly, not saying anything more about the topic.

Instead, they shifted the topic to something else.

"Before the Lunar New Year, I mentioned soliciting ideas and suggestions from all employees regarding an employee stock ownership plan."

"After so much time, there has been a result."

"I didn't ask for your opinions on this employee stock ownership plan. Now you can take a look at it."

As he spoke, Wang Donglai took out a stack of documents and passed them down one by one.

"Employee stock ownership is not about equal distribution of benefits!"

"Since PinYiDao is going public, all of PinYiDao's employees should enjoy the fruits of this development."

“I had already established the group and its subsidiaries long before that.”

"Currently, PinYiDao has 53,687 employees." "This includes cleaning staff and security guards, who should also be included in this list."

While everyone was still looking at the documents in their hands, they suddenly heard Wang Donglai say this and couldn't help but look up.

Their eyes exchanged a knowing look that said, "You're actually serious!"

Giving cleaning and security companies stock options is something that has never happened before in the country.

Let alone giving stock options, it's extremely rare to even not outsource anything.

At Galaxy Technology, all employees, whether at the head office or in subsidiaries, sign formal employee contracts.

It offers six types of insurance and two types of funds, plus other preferential benefits.

If the outside world knew that security guards and cleaners who risked their lives could get stock options and shares, it would probably cause a huge uproar.

Even a small amount of stock options, given the value of a single trade, can amount to a considerable sum.

However, amidst their shock, another thought immediately came to everyone's mind.

That is, if security guards and cleaners can receive stock options, then wouldn't the senior executives receive even more?

Just as everyone was thinking this.

"Shares are shares, not voting rights; they are separate."

"The shares held by middle and lower-level employees are just virtual shares, which entitle them to dividends but not decision-making power."

“In addition, Pin Yi Dao also needs to pay Xinghuo Express a service fee every year.”

"Xinghuo Express's high-quality service is also key to the reputation and business growth of Pin Yidao."

"In short, the IPO that went all out is a feast for everyone, a chance to enjoy the fruits of their labor."

"Anyone who makes a contribution in this process should be rewarded."

"Therefore, I have decided that all departing employees of the company, except those who are dismissed, will be entitled to a IPO gift package."

"That's about it. You can refer to the documents for details. If you have any comments, you can report them to me privately."

"Yes, this is Pin Yi Dao's IPO plan."

"When the remaining companies like Toutiao or Douyin go public, they will have their own shareholding plans."

"As I said before, the company will not let down those who truly make contributions, nor will it forget them."

"Every contribution you make to the company will be seen and remembered, and will naturally be reflected when sharing the fruits of development!"

Wang Donglai looked at everyone and said this with great seriousness.

It's fair to say that Wang Donglai was the biggest loser from this employee stock ownership plan.

If the company keeps the company off the market, he will hold the largest number of shares.

As a result, now that they're preparing for the IPO, half of his shares have been instantly given away.

Even though the market value increased, his personal wealth still shrank.

However, as mentioned before, Wang Donglai doesn't care about these things.

The crowd gradually calmed down.

Apart from young people like Xu Zhibin, the others had all worked in society before.

Of course, they know the situation in China. They've never even heard of anyone close to Wang Donglai, let alone a boss like him.

The only one somewhat similar was Boss Yu from Pang Laidong, whom Wang Donglai had asked them to look into.

They all come from the East, only their surnames are different.

If the two weren't completely unrelated, they might even have suspected that they had some kind of relationship.

Everyone's minds were in a jumble of random thoughts.

After a while, Wang Donglai continued to have everyone report on the company's situation.

"The growth rate of registered users has slowed down, and monthly active users and logged-in users have remained at the level of 50 million for two months..."

"Douyin's growth rate remains astonishing. Whether it's registered users, monthly active users, or user time spent, everything is growing rapidly..."

"The number of accounts on Toutiao has exceeded 860 million, and the amount of news, information, entertainment gossip, and other content has exceeded 50 billion pieces..."

"Currently, our incubated software, Dongchedang, is actively contacting major automakers to create a fair and impartial evaluation platform for consumers and provide better automotive information services..."

"Finally, we are also internally preparing to incubate a free novel project, intending to enter the online novel field through a free approach. According to estimates, the online novel audience in my country exceeds 100 million people, while the number of paying users is only in the tens of millions. The free market has great potential..."

Wang Donglai's expression didn't change much as he listened to Zhang Yizu's report.

After the report was finished, Wang Donglai finally spoke up: "First, you need to give me a clear plan for the profit model of the Dongchehuang platform. If it is a fair and impartial evaluation platform, then does the profit come from consumer payments or from car companies' advertising and public relations fees?"

"This is something we need to think about clearly: if it's the former, what percentage of paid subscriptions is needed to break even and become profitable?"

"If it's the latter, how can you maintain fairness and impartiality after accepting public relations fees from car companies? What if there are additional demands? What if the vehicle has major defects? What if it's just a minor issue? How can you provide more accurate information to consumers?"

"For domestic consumers, automobiles are a major purchase and are very important to most families."

"Therefore, the 'Know Your Car' project is excellent, but it must be done well."

"We should shoulder our responsibilities, not let down our consumers, promote the healthy development of domestic car companies, and promote the positive development of the domestic new energy vehicle and fuel vehicle industries. This is what we should do."

"As for the free novel project, the question remains the same: how do we make a profit?"

"By building a platform, we can subsidize novel creators to attract them to create, then attract novel enthusiasts, and finally bring in advertisers to generate revenue."

"From a business model perspective, this is a good model; the wool comes from the pig."

"Creators receive royalties, novel lovers can read novels for free, advertisers can place ads, and platforms can earn the difference."

"But have you ever considered how valuable consumers are who are attracted by free offers, and what value do the ads placed by advertisers actually have?"

"Novels may not have much economic significance as a part of entertainment, but they have significant other benefits."

"The free novel model is acceptable, but it cannot be the primary model; this is a matter of human nature."

"Things that are not valued are not appreciated."

"Online novels have become a mainstream form of entertainment in today's society, and there are quite a few potential consumers."

"A successful novel can have a huge impact, even affecting a generation."

"Just like the online writer 'Tiancan Tudou', whose saying 'Thirty years east of the river, thirty years west of the river' has been remembered by many people."

"We can't just develop business for the sake of developing business. We should treat every project as a career, instead of just pursuing profits."

"Novels can serve as the upstream of the cultural and entertainment industry. Only with the support of consumers' real money can we better select high-quality works."

"It can be further developed into animation, TV series, movies, web series, and even various cultural merchandise."

“We already have video platforms and entertainment companies, which allows us to make better use of our resources.”

"There is still a lot of room for development in online novels, and it's worth exploring!"

"Corporate responsibility and corporate interests must be balanced. If they cannot be balanced, it can only mean that either there is a problem with the project or there is a problem with the management."

"Make a new plan and send it to me later. I will keep an eye on it on the company's internal platform."

Zhang Yizu nodded repeatedly at Wang Donglai's words, but his face didn't show much frustration at being criticized. (End of Chapter)

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