Chapter 535 Global Annual Meeting
The listing of Tengyou Media is like a depth bomb.
Invested in the entire domestic stock market, for the capital market.
Short videos are not uncommon in the past few years. Some people miss it and some people seize the opportunity.
Wei Shi, who was raised as a son by a giant like Big Penguin, was also beaten so hard by a certain voice that he could not hold his head up.
These are all platform-level companies, and leading Internet celebrity companies like Tengyou Media rely on early development of Internet celebrities to achieve a valuation of 80 billion.
Many big capital companies never thought of it.
This has also allowed countless large companies to see the opportunities in short videos and call on their employees to open online video accounts.
Doujia, launched by a certain music video, also made a lot of money at this time.
Even the 3.5% of Douyin shares he holds are rising.
Doujia just spends money to buy traffic, which also means that the era of barbaric growth of short videos will soon be over.
In the early days, there were also various amateurs who became super internet celebrities overnight through luck or some special talents.
In the mid-to-late period, capital is basically the world.
If you don’t have money, it’s basically impossible to get rich overnight through this kind of grassroots platform.
Maybe there will still be, but this chance will become increasingly slim as capital continues to decline.
After completing this IPO, Chen Pingsheng only has 21% of his shares in Tengyou Media.
Still the largest shareholder.
Tengyou took only three years from start-up to completion of listing financing.
This speed is undoubtedly astonishingly fast.
February 18, 2019.
Chen Pingsheng held Tengying Group’s global 2018 annual summary conference in Shanghai.
This is both an outlook for 2019 and a summary of the past year.
Looking back at the past, Tengying Group encountered numerous market challenges in 2018.
After many reforms and adjustments, we luckily came through.
And the CEO rotation system has been established to completely change the era of human rule in which companies decline because of one person and thrive because of one person.
At the same time, they also launched a wave of very large headquarters layoffs in 2018.
Regardless of the reason, corporate layoffs are the dereliction of duty of senior executives, including him, the chairman.
The reason is that competition in this era has become increasingly fierce, and Tengying Group will always face elimination if we don't pay attention.
Chen Pingsheng stood on the stage, with more than 100,000 Tengying headquarters employees below him.
As of now, Tengying Group has a total of 720,000 employees.
We are not proud of the number of employees. What we are proud of is that each of them has purchased five insurances and one housing fund, and also provides welfare benefits of two weekends off and eight days off in January.
If it is just like this, it still cannot be our pride.
What makes us even more proud is that our group’s employee wages are far ahead.
This is what a company can truly be proud of.
The audience burst into applause. Whether it was Chen Jianjun or Peng Ying sitting in the front, tears fell unconsciously.
How can you not be proud of someone like this?
Even Erpuya is listening seriously at this moment without making any noise.
“In the past, we selected 100 outstanding store managers every year, and then each person was awarded one million in cash. This year, as we have more and more stores, we will select 200 outstanding store managers. The bonus also increased from one million to two million. "
"Not only did the bonus for outstanding store managers increase, the group also added awards for the most beautiful waiter, the most beautiful grassroots employee at the headquarters, and the best middle-level cadre."
I have made too much money in the past year, except for the bonuses that have been decided within the group.
Chen Pingsheng personally spent one billion as employee rewards at one time. Such a huge sum of money made some people laugh and cry.
There are still people who laugh while crying. They are all foreigners.
It is not easy to work in a big city. As rich as he is, he should really treat his employees better.
After all, without the hard work of hundreds of thousands of employees like them, he would not be as successful as he is outside.
One billion, even Chang Fu was shocked by him.
A group's annual meeting spends most of the time distributing money.
The employees have been working hard for a year. Can you hold a group annual meeting without spending money and listen to your boss talking a lot of nonsense?
There are more than a thousand people receiving bonuses, and most of them are grassroots employees.
The other half is middle management.
The minimum is one hundred thousand, and the maximum is two million.
This is completely separate from the group's year-end bonus and is Chen Pingsheng's personal reward.
It is not only an encouragement, but also a way for them to be happy at the beginning of the new year.
To this end, he also announced a re-listing news.
“In 2019, I will personally award 200 apartments in the Magic City to the best store managers, and 100 small apartments of 100 square meters to the middle management of the group.”
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Tengying Group no longer belongs to him alone, but a commercial giant supported by these 700,000 employees.
At the end of 2019, the apartments at the Jinshan headquarters will be completed, as will the Tengying high-end community.
A bonus of 100,000 yuan may excite these ordinary employees for a few months, but a house can definitely excite them for many years.
He is no longer the street vendor he once was, but has become a big entrepreneur with a small reputation throughout the country.
After you have the ability, you should protect some poor people in the world.
At least give internal employees a good explanation.
This is also the reason why Chen Pingsheng rarely makes donations outside. Tengying Group still has too many employees who are worried about betrothal gifts and buying houses.
How could he give this money to those charitable organizations that are exploiting and greedy?
In 2019, Tengying Group’s goal is to expand its employees to one million people.
At the same time, we will truly make our due contributions to some traditional industries within our ability.
He talked a lot and took a lot.
The only thing not mentioned is the group’s 2019 goals.
Tengying Group is very simple. If things are done well and performance will be high, there will be no bonuses at all.
This is not only true for senior executives, but also for ordinary employees at the most basic level.
Don’t worry that no one will see your dedication, just like a new female employee of Antler Coffee.
This girl just came out of the mountains and doesn't know anything, but she can treat her work and customers with the most sincere attitude.
She can also win the Most Beautiful Waiter Award this time, with a bonus of 300,000 yuan.
Employees’ spontaneous behavior must not be encouraged solely through verbal encouragement.
The group headquarters must treat every outstanding employee who is willing to pay well. Only in this way can their market grow bigger and bigger.
Corporate profits will also become higher and higher.
This is also the main reason why Tengying Group's brands can maintain the best reputation in an era of increasingly fierce competition.
We will not deceive customers because of the size of the store, and we will not deceive employees with brainwashing training.
Treat customers with sincerity and use super high benefits to make employees voluntarily call the store or company their home.
If things go on like this, they will definitely not be the most profitable in the market, but they will definitely be the ones that will live the longest.
(End of this chapter)