Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 740: Wealth Becomes a Mystery
Reports are being prepared within the core executives of these companies. They may seem mild, but they are actually very sharp:

Weakening of functions and department layoffs: Even if it means paying high compensation (such as N+6), companies are determined to reduce their business in China or even close entire departments.

Systematic replacement: relocating office locations and gradually replacing existing Chinese employees by hiring a large number of Indian employees.

The above are relatively good ways to deal with the aftermath. At least the laid-off employees can receive gift packages that are far higher than the standard to deal with the subsequent risk of unemployment.

The following "boiling frog in warm water" style of layoffs is extremely vicious.

This more covert approach is to first transfer Chinese employees to the US headquarters, nominally for "technology transfer". In reality, a few months later, when the local employees have mastered the core skills, they terminate their contracts on the grounds of "visa expiration."

In this way, the company can avoid high compensation and complete personnel replacement smoothly.

The beauty of this strategy lies in its "compliance":
When it comes to local employees, companies would never dare to do this for fear of being reported by the union and fined to death, but when it comes to foreign employees, especially Chinese employees who rely on work visas (such as F1), they have no scruples.

After their visas expire, these employees will not only lose their jobs, but may also face forced deportation, completely losing their bargaining chips.

This is not just a layoff plan that will be gradually implemented in the next few years, but also a carefully designed "talent reshuffle" for Hua Xia employees.

Capital devours people regardless of nationality!
The Forbes list release conference also caused a lot of shock in the country.

The first among them are those friendly competitors who have had grievances with Chen Mo, and their reactions to this list vary.

After reading the list, Lao Ma, who ranked 24th, snorted coldly, "What a rubbish list, the statistics have no scientific basis at all!"

After all, this Chen Mo took away the halo that should have belonged to him.

However, Ma is not in a hurry, because he firmly believes that after Ant Financial is successfully listed, his net worth will increase exponentially, and he may even surpass Bill Gates and become the world's richest man.

There are still three years left, which is enough time to change a lot of things. There is no need to worry about temporary gains and losses.

Xiao Ma, who ranked 57th, looked at the familiar and dazzling name on the list with envy in his heart.

It can be said that Chen Mo's Bi'an Group grew up under his own eyes. He couldn't help but admire the fact that it was able to not only survive under the strong pressure from Tencent, but also surpass Tencent and grow to its current scale.

Even if I am unwilling, what can I do?
Fortunately, Tencent's development has not stagnated in the past two years, and it is still progressing steadily according to the established plan. Although it seems like a weakened version of the other side, it still firmly occupies a place in the Chinese Internet market, and there may be new opportunities in the future.

Li Yanhong, who ranks 76th, feels a growing sense of crisis as he watches his ranking decline year after year.

As he pushed for a shift toward artificial intelligence and deep learning within the company, he became increasingly convinced that this was the way of the future.

But to truly achieve a breakthrough, a leader is needed.

After thinking for a while, he remembered his old friend Qi Lu, who was then a senior executive at Microsoft, whom he met in Silicon Valley when he was on a business trip to the United States for a meeting.

Maybe after some time, he should go there in person and act as a lobbyist.

The heated discussions among major financial media and netizens have continued to expand the influence of this event. After all, for the first time, a Chinese entrepreneur appeared in the top ten list of the world's richest people, and he is not only the richest man in China, but also the richest man in Asia.

This is undoubtedly an achievement that makes the Chinese people feel proud.

"China Business News" published a special report on the front page titled "Chen Mo from the other side ranks seventh on the global rich list, and Chinese technology companies stand on the top of the world."

The report clearly pointed out: "This is the first time that a Chinese technology entrepreneur has entered the top ten of the Forbes Global Rich List, which indicates that China's digital economy has cultivated technology giants with global competitiveness."

The article particularly emphasized the breakthrough progress made by the Bi'an Group in cutting-edge technology fields such as artificial intelligence and cloud computing, and it has led to the vigorous development of a number of domestic science and technology innovation enterprises.

Caixin.com even devoted an entire page to the report: “The Tech Empire Behind the US$440 Billion Fortune.”

The report deeply analyzes the development process of Bi'an Group from its starting point as a social software WeChat to its forward-looking layout of industrial ecosystems such as AI chips, cloud computing, and smart cars.

It also quoted the opinions of industry insiders and pointed out that Chen Mo's success has completely broken the stereotype that "Chinese entrepreneurs can only imitate."

As a company that is deeply tied to its founder, Bi'an will naturally not miss this opportunity to promote itself. Bi'an's media matrix has begun to make full efforts:
The technology media "36Kr" was the first to publish a quick review: "From BAT to 2BAT and then to BAT: How does the other side rewrite the Chinese Internet landscape?"

The article innovatively puts Beyond on a par with Alibaba and Tencent, and through the "one high and two low" "mountain" shape arrangement, it announces that China's Internet has officially entered the "BAT" new era.

The report specifically mentioned Bi'an's outstanding performance in overseas markets. Its cloud computing and gaming businesses have already made their mark in Europe, the United States and Southeast Asian markets.

On social media platforms, related topics quickly became popular.

The number of views of the hot topic #China's richest man is the seventh richest in the world# on Weibo has soared to 8.2 million, and netizens are enthusiastic about commenting:

"The top ten used to be all foreign names, but now we finally see the pinyin! President Mo really makes us Chinese proud!"

"See? This is the power of Chinese technology!"

"From today on, I will only use products from Bi'an and support domestic products!" Some netizens even said humorously: "I'm sorry, Mr. Mo, I admit that I scolded you a little loudly before, from now on, I am a fan of Mr. Mo!"

Under the question "How do you evaluate Chen Mo becoming the richest man in Asia?" on Zhihu platform, the top-rated answers showed overwhelming praise.

Video platforms such as Tik Tok and Bilibili, and even traditional portals are all rushing to report the news.

After all, this is the first time that a mainland entrepreneur has made it into the top ten of the world's richest list. Compared with the previous appearance of Hong Kong tycoon Li Paopao on the list, it can resonate more with the Chinese people.

At this point, Chen Mo's reputation in the country reached its peak, even higher than that of Lao Ma a few years ago.

However, amid the cheers, some netizens raised questions: Why did the Hurun China Rich List released in early March this year seem to have missed the relevant news? This detail has caused confusion and discussion among some people.

Hurun is both a person's name and a wealth list brand named after its founder.

The biggest difference between Hurun and Forbes is that Forbes focuses on global wealth assessment, while Hurun has its headquarters in Shanghai and mainly focuses on the wealth status of domestic wealthy people, filling the gap in the wealth list in Asia.

Hurun has many segmented lists, including but not limited to: "Hurun Global Unicorn List", "Hurun High Net Worth Individual Wealth Report", "Hurun Huaxia Entrepreneurial Leaders Under 40", etc.

However, this time, when the Forbes list was released, Hurun saw one of the names and his heart skipped a beat. He did not expect Forbes to be so brave this time.
I saw the controversy online about the Hurun Rich List released after the Spring Festival.

Chen Mo of their Bian'an Group ranks seventh on the Forbes list and also seventh on the Hurun list, which seems to be nothing wrong at first glance.

But the focus of the controversy is that the former is a global rich list, while the latter is only a Chinese rich list.

This is like attending a wedding and giving a gift, but being asked to sit at the children's table. How can it be the same?

The accuracy of the Hurun list has previously been questioned due to the sudden increase or disappearance of the wealth of some wealthy people.

Now with the Forbes list as a reference, the public has been discussing the authority of the Hurun list.

Faced with public pressure, Hurun had to speak out personally through his Weibo account: “Since the two lists have significant differences in positioning, methodology, coverage, etc., it is normal that the results are different.

Regarding Mr. Chen Mo's wealth statistics, since the Bi'an Group has not yet been listed, financial reports and other information are private information, so we have adopted a conservative statistical method. We deeply apologize for the misunderstanding caused by this."

Subsequently, Hurun disclosed the specific method of calculating Chen Mo's wealth: only Chen Mo's independent assets in the Bi'an Group were counted, and a conservative estimate was made.

This explanation also sparked heated discussions, with topics such as #The other side of the business empire may be just the tip of the iceberg#, #Chen Mo's personal wealth remains a mystery#, and #Hurun says Forbes statistics are too radical# quickly topping the hot search list.

Public opinion quickly split into two camps: one side believed that Forbes overestimated Chen Mo's wealth, while the other side insisted that Forbes underestimated it.

But as to the true size of Chen Mo's assets, the outside world can only guess, and even the most authoritative financial media cannot give a definite answer.

A large number of netizens even went directly to Chen Mo’s Weibo post “I can see it going up into a tall building” to leave messages to verify the matter.

Surprisingly, Chen Mo actually gave a brief response to the matter: "To be honest, I don't know either."

This response has instead caused even greater confusion: Are there still people who don’t even know how much property they have?

Netizens said, "I don't believe it."

What Chen Mo said was indeed the truth.

I have never calculated exactly how much he is worth, I only know it is roughly in range because it is all managed by a professional financial team.

It may be difficult for ordinary people to understand: ordinary families can let their wives manage the money, but at his level, the complexity of asset management is far beyond imagination.

For a company, especially a business empire like the Bian'an Group, asset accounting alone is a systematic project.

Over the years, Bi'an's investment territory has continued to expand, even radiating to the surrounding areas in a fission-like manner every year.

The main reason is that Bi'an is making too much money. Apart from the necessary expenses for scientific research, employee salaries and group expansion, the remaining funds were invested by Chen Mo into Bi'an Venture Capital for global acquisitions and investments.

There are probably dozens of strategic investments that he personally handles, and more are decided independently by the professional investment team of Bi'an Venture Capital according to the rules he sets - for example, investment projects below 500 million do not need to be reported to him.

In the early days, Zhou Shouzi was responsible for the approval, but now Wu Dan has taken over.

In recent years, more than 500 small and medium-sized projects have been completed through Bi'an Venture Capital.

The financial management system of the entire group is rigorous:
A professional financial department is responsible for daily operations; the internal audit team conducts regular audits; and the Big Four accounting firms conduct unannounced audits from time to time;
Even personal assets are managed by a dedicated private financial team.

After all, when the asset scale reaches tens of billions, hundreds of billions or even trillions, any omission may trigger a chain reaction.

This is not an exaggeration, but a basic ability required to become a wealthy person. It means not only being able to make money, but also being able to manage money.

(End of this chapter)