Chapter 623 Hongmeng Holdings
“Happy New Year, everyone.”
A messy compliment sounded from below.
Wait for everyone to calm down.
“In the past 2003, Hongmeng Company has achieved brilliant results. We not only created the world’s largest Series B financing, but also acquired one of the world’s largest entertainment groups, ‘Universal Entertainment’.
The ‘pan-entertainment’ business that Hongmeng has always emphasized can truly become the foundation to support Hongmeng’s development.
On the basis of all this.
Now Hongmeng has completely transformed into a company with a net revenue of 104.7 billion Chinese dollars and a net profit of 24.2 billion Chinese dollars (calculating Global Entertainment). It owns China, South Korea, Japan, Zhongnan, Nanyang, the Middle East, Germany, A global Internet giant with 11 subsidiaries in France, North America, Europe and South America and 19,000 employees. ”
Crash….
Warm applause echoed throughout the conference room.
Almost everyone is very happy. After all, if the company develops better, the options in their hands will be more valuable.
Second, disband Hongmeng Games (Hongmeng Comics...), and each game studio will be directly under the jurisdiction of its subsidiaries in the country or region where it is located. ”
Wait 11 years for listing, plus a half-year blockade period.
I think Hongmeng’s total revenue will increase by 50% this year, exceeding 150 billion Huaxia coins.
In order to achieve this goal, I decided to conduct a new round of reorganization of Hongmeng’s organizational structure.”
So what does Hongmeng’s ‘future’ look like?
Net profit will increase by 30% and exceed 32 billion Chinese dollars.
“There is only one core of this reorganization, which is to continue to strengthen the platform construction of the head office, improve the communication mechanism between various subsidiaries, and let the flat management system become a booster for Hongmeng’s further development. .
First, cancel the Huaxia subsidiary.
When the applause stopped, Xu Liang continued
“Third, divest the Internet cafe business and establish an independent subsidiary ‘Hongmeng Network Technology’.”
Now it is directly under the jurisdiction of Hongmeng North America subsidiary, which undoubtedly increases the jurisdiction and weight of the North American subsidiary.
“Fourth, the subsidiary Hongmeng Entertainment was established. Hongmeng China Comics, Hongmeng China Games, Hongmeng China Literature, Hongmeng China Film and Television, Hongmeng China Animation, and Hongmeng China Music will all be managed by Hongmeng Entertainment.”
After a pause, give everyone time to digest and absorb.
The same applies to Hongmeng comics, animation, film and television, music and other pan-entertainment companies, allowing the subsidiaries that best understand the local market to truly have management rights.
"Although our results last year were brilliant, it has completely become a thing of the past. The purpose of our sitting here today is to better focus on the future.
With the continuous development of Hongmeng, Zhongnan Company and Nanyang Even without the blood transfusion of Internet cafes, the company can still maintain a balanced revenue.
Before he sells his shares, the surging mobile Internet era will wipe out the Internet cafe business.
Previously, companies such as Qiangliang Studio (Blizzard) and Houtu Studio (Northern Blizzard) were under the dual jurisdiction of North American subsidiaries and Hongmeng Games.
Xu Liang planned to spin off this business. , after one year of development, it was launched in 2005 and took advantage of the booming Internet cafe business to make a fortune
On the basis of this fundamental idea, the head office decided.
Otherwise, when the subprime mortgage crisis and the European debt crisis come, there will not be a good opportunity to go public before 11 years.
Obviously, in the future, Hongmeng Entertainment will coordinate Hongmeng China’s pan-entertainment business and truly become a pan-entertainment industry chain spanning copyright, music, film and television, comics, and animation.
Other subsidiaries, except for the North American subsidiary, basically follow this procedure.
However, the scale of the pan-entertainment industry of other subsidiaries is limited and has not become an independent subsidiary.
Instead, it falls under the direct jurisdiction of the subsidiary headquarters.
Belongs to the Third Pole Company, which is Sun Company.
"Fifth, on the basis of 12 subsidiaries in South Korea, Japan, Central and Southern China, Nanyang, the Middle East, Germany, France, Spain, Brazil, North America, Europe and South America, Universal Pictures, Universal Music , Universal Studios, No. 1 Store, Bing China, Sina, Hongmeng.com, Hongmeng Entertainment, and nine subsidiaries of Kingsoft.”
With Xu Liang’s change.
In addition to the financial department, legal department, administrative department and other functional departments in the entire Hongmeng headquarters, there is only the ‘Pangu Company’ that develops and operates big data and cloud computing.
The ‘Hongmeng Research Institute’ conducts mobile operating system research and development, research and development of underlying technologies for major software, and Hongmeng Pay.
These institutions also need financial support from the head office.
Until they achieve revenue balance, they cannot become a subsidiary.
“Finally, Hongmeng Technology Company has officially changed its name to Hongmeng Holding Group. The group will no longer be responsible for the daily management of each subsidiary. It will only be responsible for the strategic development of the entire group and mediate differences and cooperation among the major subsidiaries. , research and development of new businesses and new technologies, research and development of underlying technologies of major software, supervision of finance and other work.
In other words, the head office will truly become a platform, and 21 subsidiaries will be incubated from this platform. An independent individual.”
Looking at the excited eyes of the presidents of the major subsidiaries, Xu Liang smiled.
“From today on, you will be in charge. Unless you encounter a major loss, or a personnel or financial crisis, the head office will not interfere with your management decisions.”
The company has grown. , management is a big problem.
How to overcome the disease of large companies and continue to develop in an increasingly competitive global market tests his skill and wisdom.
After careful consideration, Xu Liang decided to fully delegate power.
Delegate the management rights of subsidiaries to the management of each major subsidiary. They know the local market best and can quickly adjust the company's development strategy according to the market.
The head office is responsible for strategic decision-making, supervision of finance and personnel, and everyone performs their duties.
In this way, it will not only greatly mobilize the enthusiasm of major subsidiaries, but also greatly reduce his management pressure, saving a lot of energy and time to focus on other companies and personal life. "Okay, I'm done. Who has any questions?"
As soon as Xu Liang finished speaking, someone raised their hands.
"Mr. Xu, has there been any change in the account sharing ratio between the head office and the subsidiaries?"
"No, it is still 50% each."
"Mr. Xu, the upper limit for the financial use of subsidiaries How much is it?”
“If it is less than 10 million US dollars, it does not need to be reported to the head office.” Xu Liangdao.
Previously, this value was 5 million, but now it has doubled.
Acquisitions or plans exceeding RMB 10 million were considered strategic level in 2004 and would definitely require approval from the head office.
"Mr. Xu, the personnel rights of the subsidiary...?"
After answering everyone's questions one by one, the company-wide meeting entered the second stage.
Each subsidiary makes a report.
One is a summary of last year, and the other is an outlook for this year.
The entire Hongmeng 2004 summary meeting lasted for three days before ending.
……
Wangjing Building CEO Office.
"Old Qian, I saw the development plan you submitted for this year and the next three years. The total investment of US$500 million per year is too high."
"Mr. Xu..."
"Listen to me first. The independent operation of subsidiaries is the fundamental strategy of the head office. If I give this money, other companies will definitely have objections. Then they will also come up with a big plan to ask me for money. You Should I give it or not?
Yes, this is the beginning.
Other subsidiaries followed suit and turned to the head office to ask for help. Even if the head office has gold and silver, it won’t be enough for you.”
“Mr. Xu, the annual investment of 500 million US dollars is already the minimum requirement for our No. 1 store after repeated calculations. >
After all, the transportation foundation in Southeast Asia is too poor and there are many islands. We must purchase a large number of small ships and trucks, otherwise it will be difficult to complete the construction of the logistics system.
Coupled with the expansion of the domestic logistics system, the development of Yihaodian offline stores requires a large amount of funds.
Only by ourselves, we really can’t handle such a large investment. "Qian Santai said sincerely.
"Old Qian, when you encounter problems, you can't always come to me. You must learn to find a solution on your own. The best way is to increase revenue and reduce expenditure. ”
Looking at the instructing big boss, Qian Santai always felt that there was something in his words.
Seeing that the preparation was almost complete, Xu Liang no longer hid.
"Old Qian, what do you think is the core business of 'No. 1 Haodian'?"
"E-commerce."
"That's right. Now e-commerce is in China Development is getting faster and faster, and competition is becoming more intense. Alibaba, Excellence, and Dangdang are all investing heavily
At this time, what Yihaodian should do most is to stay focused.
Therefore, non-core businesses such as Yihaodian offline stores should be sold when they should, so as to save money and strengthen the main business.
This not only saves the money that should be invested in offline stores, but also obtains a working capital, which can definitely achieve the effect of one plus one being greater than two.
This is the most suitable development strategy for ‘No. 1 Store’. ”
Xu Liangtu had a hard time seeing it.
Qian Santai was stunned for a moment. He didn’t expect that the big boss’s solution was to ask him to cut his flesh.
I was extremely unwilling.
Yihaodian’s offline stores were approved and developed one by one.
To date, there are nearly 400 boutique department stores across the country, selling 3,000 different products and with a business area of more than 160,000 square meters.
Monthly revenue has exceeded 270 million Huaxia coins.
The prospects are very bright.
He was also thinking about pushing the number of No. 1 boutique department stores to 450 this year, with monthly revenue exceeding 300 million Chinese dollars. But he was about to be sold before he even started?
"Old Qian, you are the president of a large e-commerce company with more than 8,000 employees, not a rich man from the countryside.
You must have the courage to make decisions at critical moments and have a strategic vision.
Rather than thinking about holding all the altars in your arms!"
Xu Liang's expression became more serious and his tone became more serious.
When you are a boss, you have to be pleasant in appearance, but you must also hold back when you should be serious.
Looking at the big boss’s expression, Qian Santai’s heart trembled.
Although he was extremely reluctant, he still nodded.
He also knows that Yihaodian offline stores are indeed not the company's core business. During regular meetings, the company's senior management also proposed to cut off the Yihaodian offline stores and exchange funds from the head office to develop e-commerce. , but the development of No. 1 Store has always required blood transfusions from the head office, but he refused.
(End of this chapter)