Chapter 2734 Assimilation

The organizational structure of Ziweixing is very clear, with the board of directors and general office at the top.

The board of directors' office is the chairman's office and is responsible to Zhou Buqi.

The general office, which is the president's office, is under the full command of Zhang Yiming. All specific businesses of Ziweixing are managed by the general office.

Under the general office, there are five major BUs at the business level, namely the new media business group, the WeChat business group, the cloud computing business group, the micro-point business group and the middle and Taiwan business unit.

At the same time, there are many functional departments under the general office, such as Finance Department, Human Resources Department, Marketing Department, Administration Department, Legal Department, Planning Department, Customer Service Department, International Department, Investment Department, Supervision Department (Jinyiwei), External Cooperation Department, etc. 12 departments.

In addition, there are three relatively independent academies, namely Ziweixing Research Institute, Ziweixing Engineering Academy, and Ziweixing Training Academy.

Ziweixing Training Academy, with Professor Han Lexui as its dean, formerly known as Ziweixing Lecture Hall, is mainly an internal training institution.

Zhang Yiming alone couldn't manage so much business, so there was also He Yang, the senior vice president and chief executive, who assisted.

Zhang Yiming is in charge of the technical department, product department, operations department, design department and marketing department, while He Yang is in charge of human resources, finance, legal affairs, marketing, planning, customer service, supervision and other departments.

The first one to explain to the Nasdaq Listing Internal Audit Committee is the China Business Department.

What is this?

Never heard of it!

This is normal, this is Boss Zhou’s original work.

Zhou Buqi also attended this hearing, but he didn't speak much. This was not a hearing of questioning, criticism, or aggression. It was about mutual understanding and communication, and no one was making things difficult for the other.

Nie Caijun's English is the best, and he mainly explains everything.

The so-called middle office department is actually the technical engineering department, which provides technical and operational platform support to various departments and business groups of the company, conducts certain R\u0026D management, and uniformly distributes the company's technical resources.

Then there is the investment department.

This is critical.

What are the investment directions of Ziweixing? Should I invest in any field as long as there is an opportunity to make money? Are you pursuing strategic investment or financial investment?

Once confused, it will be deceptive to investors.

If it invests in everything, such as real estate, movie theaters, amusement parks and other projects, then Ziweixing will not be a technology company.

If it is a technology company, the P/E ratio will be high and the stock price will be high; if it is not a technology company, the P/E ratio will be low and the stock price will be very low.

But you can't do some traditional projects in the name of "technology". This is a disguised form of deceiving investors and driving up stock prices.

If Ziweixing's investment department pursues financial investment, it must be cautious. Then Ziweixing is an investment company, not a technology company.

Silicon Valley giants such as Microsoft, Google, Oracle, and Apple are all extremely wealthy, with reserves on their books reaching tens or hundreds of billions of dollars.

If they want to invest, they can invest in all industries.

But they won't do that.

We will only invest in companies that are consistent with our own strategies and business development, and we will strictly abide by the investment guidelines of a technology company.

With such a large amount of reserve funds, I would rather keep them in the bank and earn interest than invest them to make a lot of money.

This is the principle.

It is a commitment to the exchange and all investors.

However, this kind of thing is more complicated.

I can only muddle through vaguely. It is not suitable to talk to these people on the listing committee. These old American men may not understand it no matter how much they talk.

The first is the preservation of value of currency.

These technology companies in Silicon Valley all have US dollars in their accounts, deposited in banks, and have a high retention rate. The U.S. dollar has been around for 200 years, and now cents are in circulation. If anyone takes out 100 U.S. dollars to spend... others will look very wary, scared, and panicked when they look at you, because normal people will not take so much money. Only criminal gangs involved in drugs launder money this way.

This is not possible in China.

The currency is depreciating too quickly.

Large companies have so much domestic currency in their accounts and deposit interest in banks. They are really sitting back and watching the currency depreciate and their wealth shrink. This is irresponsible to shareholders.

There is one more important thing.

The United States has a globalized economic structure, and funds from all over the world will flow into the U.S. market for investment. If Silicon Valley giants don’t invest in all walks of life, this economy will not be short of money.

Not so much in China.

Investment is the biggest tool to stimulate economic growth. When foreign investment is limited, domestic investment is the biggest driving force. If these extremely wealthy technology giants hold their purse strings and stop investing or dare not invest, the vitality of the entire economic market will weaken.

For domestic entrepreneurs, policy is more decisive than the market, but many small bosses are unable to obtain first-hand information due to poor information. What should they do?

It’s easy, just find a few role models to learn from.

If the extremely rich Internet giants are no longer willing to spend money, and they are living a life of saving money and do not dare to invest, then other small and medium-sized private enterprises will not dare to invest if they follow the trend and learn from it. .

This will cause inflation and deflation to occur at the same time.

These big-nosed Americans on the Nasdaq Listing Committee have no understanding of the current situation in the country. It is a bit unrealistic to ask Ziweixing the same demands they have for Silicon Valley technology companies.

Even Zhou Buqi cannot give an exact promise.

He Yang gave a confused explanation and got over it.

It was just a formality.

In order to attract domestic companies, Nasdaq's review is relatively lax. In many cases, it turns a blind eye. Even if your equity structure is messy and complicated and there are hidden shareholders, they still pretend they can't see it.

Ziweixing is already sufficiently open and transparent.

…

A review meeting lasted for more than two hours.

It's really annoying.

The efficiency of Americans is so poor. The key is that those people don't understand anything and always ask low-level and ridiculous questions. For example, WeChat is a free product. Someone asked, how can you make money with a free product? How to ensure long-term benefits for shareholders?

Fortunately, it was dealt with.

Next, is the final step, determining the IPO issue price and waiting for the opening of the market.

Later, Zhou Buqi invited everyone to dine at the Michelin three-star restaurant PerSe, which he had visited before and left an excellent impression on him, and sat with Liu Qing.

"I heard from Zheng Xiaoli that the cooperation between the International Department and Yahoo is very good." When Zhou Buqi mentioned this, he felt a sense of accomplishment. After all, this was the organizational structure he arranged single-handedly. "She said that 70% of the success of Yahoo App The credit comes from our domestic team.”

Liu Qing nodded lightly, "On the one hand, it is the product team sent from China on a business trip, and on the other hand, it is the marketing team from the international department. Facts have proved that our product managers, our engineers, and our market operators who can speak English We can also make international products."

Zhou Buqi said: "We still need to learn and grow slowly. After all, Yahoo is a big international brand. This unreplicable advantage, coupled with the strength and hard work of the domestic team, has created the success of Yahoo App. The international department still needs to Provide auxiliary functions for international products.”

Liu Qing agreed, then remembered something, "By the way, Xiaoli said she was going to be rotated. It's very urgent and needs to be done immediately. I've been busy with this recently."

"What rotation?"

"The rotation of the overseas business trip team, which was previously the domestic team that went to the United States to assist Zheng Xiaoli, has been there for four months. In other words, in these four months, Yahoo App has made a qualitative leap, making a second-tier mobile app The product has become a top-notch App."

"Send that team back now?"

Zhou Buqi twitched the corner of his mouth.

Liu Qing said: "Yes, that's what it means."

Zhou Buqi said: "Isn't it a bit like killing the donkey?"

Liu Qing sighed, "There is nothing we can do about it. From what Xiaoli said, if we don't send them back, these people will be useless. Even if they are transferred back to China, they will have to be laid off directly."

"Ah?" Zhou Buqi was a little surprised, "No way?"

Liu Qingdao: "The business trip took too long. After working and living in the American environment for a long time, I was assimilated there. Compared with their efforts in April and May when they were first sent there, they The work attitude is obviously different now, and everyone is starting to imitate their American colleagues.”

Zhou Buqi said "Yeah", "It's not their fault, it's human nature."

As the saying goes, those who are close to vermilion are red, and those who are close to ink are black.

Those American employees work lazily every day and don't like to work overtime. In the evening, they will go to various drinking parties and parties, or they will go to nightclubs to watch striptease performances... On weekends, they will also drive out to travel to Las Vegas. Garth walked away in style.

As time went by, the domestic teams were brought to ruin by them.

One thing in particular is that Zhou Buqi is unwilling to oppress domestic employees and allow the traveling team to receive lower wages than Americans. Therefore, the business trip team sent by Ziweixing to Zheng Xiaoli all received generous business travel subsidies, allowing them to receive the same generous salary as local Americans.

That's a lot of money.

Wages are generally 2-3 times what they are in China!

Once you have money, who doesn’t love to be free and happy in the fancy world like the United States? It's a world of capital. As long as you have money, you can enjoy many exciting things that you can't do at home.

When I first went there, I wasn’t familiar with it and didn’t dare to do it.

After a long time, especially after getting familiar with the local American employees, those local employees will also take them out to relax and be unrestrained... It doesn't cost much to watch a striptease, but when the dancer sits on your lap and dances, you want to She danced eagerly and enthusiastically, and wanted to reach out and touch and move around, but the tips had to be sent out in piles.

If you want to take a dancer to a hotel, you have to spend a lot of money.

Liu Qing whispered: "Xiaoli said that a product director under her, who was quite handsome, had an accident, and she was expelled back to China last month. It was very serious, and even the president's office was alerted. It was Meng Houkun Come to settle things."