Winner Takes It All, Resurrection 2009

“…Agreed, from now on, a D committee will be set up at the group headquarters, and the State-owned Assets Supervision and Administration Commission and Shanghai Municipal Government are requested to appoint a principal and a deputy as appropriate to carry out special work. At the same time, it is recommended that the principal be concurrently responsible for the work of the trade union.

Please ask the Human Resources and Organizational Structure Office to restructure its internal structure and bring the General Affairs Department under its jurisdiction to better optimize resource allocation...

——Li Zehua, Chairman of Qingyun Group, December 2011, 12.

After signing the last document of the year, Li Zehua stopped writing and stretched, then handed the final list of participants in the annual meeting reported by below to several board colleagues on the stage for review.

"Director Gu, you have done a great job. Everyone, take a good look at the more than 30,000 people on this list. Each of them is an elite in the industry. With them, the group has roots and confidence.

No matter how big the difficulties are, they can persist in overcoming them and get through them smoothly. It can be said that the brilliant achievements of the group today are all created by these hard-working employees who work hard on the front line, step by step."

“The efforts of our grassroots colleagues are certainly important, but without your leadership, our brilliant achievements would be greatly reduced…”

Gu Shijie was full of emotion, "Time flies, it's been more than two years and almost three years. When I first joined the company, my employee number was 62, and the headquarters was still a two-story bungalow in a residential area.

At that time, I'm afraid that except you, the boss, no one could have imagined that the group would grow to such a large scale, with more than 400 million full-time employees, and there would be no rival that could match it in the world.

I want to say from the bottom of my heart that all of this is due to your foresight, boss. As the one at the helm, you personally led us to achieve this. Seven points of the credit go to you.

The remaining three points will only be more valuable under your shining light..."

As soon as he finished speaking, Liang Xiaolong couldn't wait to stand up and said, "Boss Gu is right. The best choice I have ever made in my life was to stay with the chairman.

Thank you for your support and care along the way. The chairman not only led the entire group to great strides forward, but also did not forget us, the grassroots and uneducated employees.

With the unremitting help and care of the chairman and the company, I, a young and ignorant guy from the countryside who graduated from junior high school, not only gained knowledge by being admitted to an adult undergraduate program, but also broadened my horizons by studying for an MBA.

I have grown up fully through hardships while following the chairman. I am sincerely grateful to the chairman and the company from the bottom of my heart for paving the way for my success..."

Well, Liang Xiaolong is now the chairman and president of Qingyun Agricultural Service Group, which is in stark contrast to his junior high school diploma. Looking at the global business world, he has no choice but to start his own business.

Otherwise, it is almost a dream to climb to the senior executive position of a core enterprise in charge of hundreds of thousands of employees now and millions of employees in the future by working alone. This is only possible at Qingyun.

The reason why he employs talents in a non-standard way is also because Liang Xiaolong himself is willing to work hard and learn, and he has good interpersonal relationships. He has worked his way up from the grassroots level and can control the situation at critical moments. Only then will countless top students who graduated from 985/211 universities be convinced.

Of course, employee number 004 is also a core resource that ordinary people dream of. You can make rapid progress by following the boss.

Li Zehua smiled but said nothing.

Seeing this, others were not willing to be left behind and started to flatter the place. After all, this was a place where high-quality talents gathered. They threw out compliments like they were free, and they never repeated themselves.

"I now understand why people who have been in high positions for a long time tend to do some incredible and reckless things. After a long time, when you look down, you see only smiling faces and it is difficult to hear a word of truth.

I read documents all day, and I'm afraid most of them are just whitewashed. It seems that I have to go to the lower levels more often in the future, otherwise I will really become blind and deaf, and I can only see what others want me to see."

He scanned the entire conference room, and no matter where he looked, everyone within his sight held their heads high and looked straight ahead. Some of them even had tears in their eyes.

Mr. Li did not feel flattered by the flattery. Instead, he felt uneasy inside, but he did not show it. He just watched the executives perform quietly. He even found the lines corny.

But no one present looked embarrassed, as if everything was so natural. Even Yu Li, her bedmate, took the lead in clapping, let alone others.

That's right. The large conference room brought together core management personnel from more than 400 of the group's holding subsidiaries and branches, including many listed group companies and industry-leading enterprises. The outstanding achievements made by everyone are obvious to all.

The group's total assets, net assets, investment scale and profits have been rising steadily, and its market share has grown by leaps and bounds year after year. With such brilliant achievements, who wouldn't be ecstatic?

Everyone here is either a chairman, an executive president, or a general manager. At the very least, they are an executive vice president or above of a second-level department at the headquarters.

After being busy with their own work for a whole year, we finally have the opportunity to meet with the chairman and the decision-makers of the board of directors. Who wouldn’t want to leave a deep impression?
Someone took the lead, and everyone afterwards went crazy expressing their gratitude to the chairman and the boss. Executives without status and ability couldn't even get a chance to flatter them.

It seems that by speaking such a moving and grateful words in front of the microphone, one can gain the chairman's personal favor.

“I thank you all for your hard work, but today is the last day of the year-end summary meeting, which is a formal meeting to summarize the gains and losses of the past year and look forward to the future work goals of the new year.

There is no need to express gratitude and thanks to me personally, as the results are the result of everyone’s joint efforts~"

Seeing that it was getting late and there were still many new year work plans to be communicated and voted on, Li Zehua had to personally interrupt the speech of an executive who was so eloquent, almost tear-jerking, and touching.

I want to laugh, but I can't.

There's absolutely no need to cry.

Taking advantage of the break between speeches by the independent directors on the stage, Li covered the microphone and leaned slightly to Yu Li on his right, whispering, "Why are you meddling in this?"

The latter has employee number 003 and is the founding member after Li Zehua and Yang Zhichao (Yu Li was not 03 when the company was first established, but later became 03 when the company formalized the employee number sequence).

In the board decision-making meeting that just ended, Yu Li was appointed as the executive vice president of the group headquarters and the group chief operating officer.

At the same time, he also served as the president of the administrative logistics department of the group headquarters, becoming the nominal third-in-command of the group, replacing Yang Zhichao (actually Lin Wenhui).

The most crucial thing is that the secret will left by the chairman was made public within a small circle of the board of directors, and Yu Li was clearly designated as the company's successor.

Although Li Zehua is only in his early 22s, there are some things he has to guard against, because the competitive pressure he will face in the future is increasing, and his enemies are all large groups backed by major global powers.

A key figure who encounters more than 60 "accidents of all kinds" every year on average, if he does not leave sufficient backup plans, in the event of an unexpected event, will he just sit back and watch the huge group fall apart?

But the more he valued and trusted him, the more he couldn't understand: How could such an emotional person stabilize the vital rear area?

Once she loses her support, will she be able to gain a firm foothold?

Yu Li had only one simple thought: "They are right."

Li Zehua was defeated by just one sentence and bowed down, "You win."

Then he turned to Gu Shijie and said, "Please implement the decision on the four salaries, dividends and bonuses at the end of the year as soon as possible. You can also consider exchanging them for internal discount coupons at a ratio of 1 to 1.2 for employees in need, as Sun Tongyu said.

We produce and sell our own products, which not only brings benefits to our colleagues, but also increases the company’s additional sales and profits. Only win-win cooperation can last.”

Gu Shijie nodded, "There is no technical problem. General Manager Wu Wenhui and General Manager Ye from the technical department have both confirmed it. It will be done before the end of the year."

As he spoke, he admired his boss from the bottom of his heart. The four-salary year-end bonus, even if it was distributed according to the average income of private enterprises in Jiangcheng, the central region, would be more than 1 yuan per person. The bonuses distributed in this round alone exceeded 400 billion. Even the wealthy investors behind the group were secretly shocked, thinking that Qingyun must be crazy.

Wouldn't it be nice to distribute dividends with more than 400 billion in net profit? Why do they have to use it to please those low-level employees? They are just doing their job, so it doesn't matter whether they are given dividends or not.

What's more, the company's current monthly labor cost expenditure alone is more than 200 billion yuan. Looking around the world, how many companies pay more than 3000 billion yuan in wages and five social insurances and one housing fund throughout the year?
(The salary received is different from the actual expenditure because the additional expenditure of the five social insurances and one housing fund is high.)
Fortunately, the company has high revenue and profits. Pinxixi e-commerce alone (excluding Pinxixi group buying business) contributed more than 2011 billion yuan in retail sales to the whole society in 9500.

Pinxixi e-commerce is different from JD.com's direct sales model and also different from the self-operated model of Taotao Tmall under Ali. It is a coexistence of the two models, combining direct and self-operated sales as well as some agency commissioned sales.

Pinxixi has more than 29 executive stores and as many as to front-line sales staff. More than % of the total retail volume it creates is the company's self-operated revenue.

That is, the total revenue for that year was about 2750 billion RMB, of which more than half was home appliances, electronics, and transportation products that received special subsidies from the state.

Subsidies to stimulate consumption of home appliances in rural areas are still continuing, with part of the tax being exempted and a 6.5% tax subsidy being provided for the production and sales links (Pinxixi obtained this exemption from the manufacturer through negotiation).

In other words, Pinxixi has in fact become the largest e-commerce platform in the country, surpassing Taotao, but it has fallen to second place because its sales volume is not as large as Taotao's 1.05 trillion.

Taotao is actually even more powerful than the original time and space, because Tmall Mall appeared earlier, and the number of mobile Internet users is nearly 6000 million more than the original time and space (thanks to Qingyun Electronics).

These new users provided strong growth momentum for the Internet consumer market. However, the emergence of Pinxixi intercepted Taotao's user traffic under the continuous diversion of WeChat technology.

This is why the other party only increased its new sales by less than 5% on the basis of the original time and space, and in terms of revenue and profit scale, the entire Ali combined is not even one-tenth of Pinxixi.

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

Because of the different business models and social responsibilities, Ali's free-range distribution platform saves time and effort, but the key is that the money earned is also reduced accordingly, with sales of 1.05 trillion yuan.

It only generated less than $35 billion in operating income (a significant improvement compared to the revenue of about $28 billion in the original time and space), but its net profit was quite high, once approaching 15%.

But compared with Pinduoduo's revenue of over 410 billion US dollars, it is almost negligible. But a magical thing happened. After a whole year, Pinduoduo's net profit was actually lower than that of Ali.

Sun Tongyu himself admitted in a previous board meeting that he had seriously underestimated the manpower and channel construction costs for the sinking market, with more than 40 sales personnel on the front line and about 10 technical, operation and maintenance, after-sales, and logistics personnel in the back office.

It eats up most of the group's profits, not to mention the investment in technology hardware, software and services. If it weren't for the astonishing revenue growth, Pinduoduo would probably have set the record for the highest loss among domestic companies this year.

With a revenue of 410 billion US dollars, an overall gross profit margin of 19%, and a final net profit of 1.2%, it is so outrageous that even Liu Qiangdong next door laughed out loud when he saw it.

Finally, I saw a weird company with lower net profit than JD.com. I am not alone.

The revenue and net profit scale of Chizumo and Hummingbird Network are similar. The revenue is very high, but when we finally did the accounting, we realized that we had worked for a year in vain, as all the money was spent on salaries and fixed assets.

However, Yunyunbang has made a major breakthrough by registering vehicles and collecting commissions to maintain its business model. It has currently provided professional services to more than 670 million transport vehicles of various types, and contributed more than 260 billion in net profit to the group throughout the year.

This is not the most profitable subsidiary. Qingyun Investment, Qingyun Industrial Fund, Qingyun Virtual Currency Trading Platform, Qingyun Great Eastern Insurance, Qingyun Real Estate, Micropayment, Overseas Branches and other business segments are the real money-making projects.

Qingyun Investment doesn’t even mention how much money it has made in the heavy metal and futures markets. The money it makes every year from operating as a banker in the Hong Kong and Lijiaopo financial markets is enough to easily feed millions of people.

Not to mention Qingyun Real Estate. Excluding the interest-bearing loan reinvestment of new loan financing and wealth management products throughout the year, and the financing interest operating costs, there is only the appreciation of the commercial real estate invested previously.

It could easily cover all labor costs of the group's more than 400 million full-time employees. However, in 2011, which was about to pass, housing prices across the country rose sharply.

The more than 2000 million square meters of commercial housing and shops held by Qingyun are all located in the core areas of first- and second-tier cities, with an appreciation of 1.8 to yuan per square meter. This alone has earned a net investment value of more than billion yuan.

I can’t spend it all, I can’t spend it all!
With so much money, it has become a game of numbers growth. Li Zehua sometimes doesn't even bother to look at the specific value of the increase before signing. He only knows that the cold numbers have taken another big step forward.

Qingyun, which integrates labor-intensive industrial chains such as agriculture, food delivery, express delivery, online car-hailing, textile industry, tertiary service industry, and electronic OEM, is not afraid of losses.

Li Zehua no longer makes plans for how many employees he can hire globally in the future, because it would be pointless to do so.

At the beginning of 2011, the company held a meeting and announced that it would employ over 300 million full-time employees by the end of the year. The goal was exceeded by 40%. If temporary and part-time employees were included, the goal would have exceeded 200%.

When I think about the fact that personnel expenditure costs will soon exceed 10 per year in the future, if there are tens of millions of employees, wouldn’t the annual expenditure be trillions?

Li Zehua had a headache. The current industry dividends could not last forever. He had to make timely adjustments before the overall economic environment changed. The only way to break the deadlock was to make key breakthroughs in the high-tech industrial chain.

There are actually quite a few trillion-dollar future tracks, including the new energy vehicle industry chain, retail industry, agriculture and industrial and agricultural related service markets, and electronic product semiconductor chips, which are even broader.

In addition to the basic necessities of life, such as food, clothing, housing, transportation, water, electricity, gas and communications, Qingyun has laid a solid foundation in new energy vehicles, electronic products, semiconductor chips, semiconductor display panels, agriculture, retail and service industries, as long as it does not deviate from the main line.

In the future, we will inevitably be in a competitive leading group in the trillion-dollar race. Now is a critical period to increase investment in science and technology to achieve technological leadership, and we cannot afford to be careless.

Gu Shijie's heart was pounding as he listened to this, but when he thought about the tens of millions of mouths to feed in the future, waiting for him to get paid according to the roster as soon as he opened his eyes, his heart started beating faster and his scalp started to tingle.

"Boss, can we slow down the cotton and agricultural products in the west and the textile industry in the east? The key is that the investment is too large and the return is low, which will affect the employment of 30 to 40 million people.

This burden is heavy to carry, and even harder to put down!"

"To become too big to fail, Qingyun must shoulder its historical mission. You can't stop doing textile and agricultural planting just because they don't make money.

Otherwise, the state will focus on supporting the group, give it all kinds of tax exemptions and subsidies without paying, and allow the group to engage in de facto monopoly operations across multiple key areas. What's the point?
If you give up something, you must gain something. Only by insisting on revitalizing the textile industry, stabilizing the tens of thousands of textile factories along the eastern coast, and supporting tens of millions of workers in the industrial chain, can the group rest assured. "

Li Zehua is not interested in money now. He just wants to fulfill his ideals and ambitions in his lifetime.

After stabilizing the overall economic environment and maintaining employment and competitiveness, Qingyun should begin to focus on all the weak links of Dongda Capital, whether it is chip lithography machine manufacturing.

Whether it is in the fields of basic materials and engines, or in artificial intelligence and space technology that represent the future, Qingyun will strive to be at the forefront.

Only by continuously creating irreplaceable value can Qingyun survive in peace. When it reaches a trillion-dollar scale, money is just a number that he temporarily keeps on behalf of the society.

What he was after was just the key resources and the right to use them 24 hours a day.

Gu Shijie understood completely that from now on, his interests would be completely tied up with those of tens of millions of people in the long run.

The independent directors' speeches are still continuing.

However, all the other directors on the stage were thinking seriously about how to realize the chairman's grand plan. If they succeeded, they would not only become rich but also make further progress overseas.

There is no need to worry about failure, as the company has become too big to fail. At the very least, it can protect the wealth and prosperity of several generations of their family.

To put it bluntly, based on the options and industry fund shares that have been allocated to you, your descendants will be sitting on an inexhaustible gold mountain as soon as they are born... (End of this chapter)