Chapter 350 Series B Financing for the School Intranet
The New Year's Party of the Glorious Group has stimulated the vast number of Celestial Empire netizens. Originally, the salary package of Korn Ferry Group was higher than the industry average, and now it has three more months of year-end bonus.
You must know that at the beginning of 2005, the welfare of Tianchao Internet Company was not as crazy as it was more than ten years later, and Jiang Hui half-promised that the year-end bonus in the next ten years would be more and more year by year, which stimulated the resumes received by the personnel departments of the group's companies also increased significantly.
After the rapid development of the enterprises of Korn Ferry Group in 2004, as of January 16, 2005, the whole group has 2,278 regular employees and 1,026 interns. Among them, there are 322 regular employees and 96 interns in the intranet of the school, 134 regular employees and 72 interns in Guanghui Pay, 256 regular employees and 93 interns in Guanghui Games, 366 regular employees and 212 interns in Meituan, 219 regular employees and 118 interns in Tudou, 88 regular employees and 68 interns in Douban, 168 regular employees and 91 interns in YY Live, 125 regular employees and 75 interns in Autohome, 124 regular employees and 56 interns in Guanghui Film and Television, and 168 regular employees and 12 interns in Guanghui Weibo……
After all, the Internet industry in the Celestial Empire at the beginning of 2005 did not have the scale of tens of thousands of employees like BAT in 2017. In fact, from this perspective, we can see the significance of the emerging Internet industry to promote the employment of college students, and basically the employees of Internet companies are college graduates, which is different from factories. In a factory with tens of thousands of people, there may be only 1,000 college students, and it is estimated that there will be no more than 2,000 people.
All said that from the perspective of solving the problem of college students' employment, vigorously developing high-tech industries is a truly feasible direction. Of course, it does not mean that the development of factories is bad, and factories still have a great contribution to promoting the employment of low-end talents.
The subordinate enterprises of the Guanghui Group, taken out alone, have no impact on the employment situation of the whole society, but after ten or eight years of development, the employees of the Guanghui Group in the Internet industry alone will not be less than 100,000. At that time, the increase and decrease of the recruitment of Guanghui Group will inevitably become the direction of the employment rate of college students in the Celestial Empire.
The rapid development of the Celestial Empire Internet industry has attracted countless investors' employees, and the Celestial Empire Internet financing market has been activated by the Celestial Empire Group, sweeping away the sluggishness after the Internet bubble. So far, except for the school intranet and Meituan, which have received Series A investment, and Tudou and YY Live have semi-openly accepted Series A financial investment, other enterprises of Guanghui Group have basically not been open to capital.
Capital is a double-edged sword, good use can greatly accelerate the development of the enterprise, bad use of the wedding clothes for others. Although Jiang Hui knows that his company will have a high valuation in the future, if he blindly refuses to enter the capital, these funds will be forced to enter the competitors of the Guanghui Group.
Even if Jiang Hui is very clear about the development direction of the enterprise, once the development funds are tight, and the followers get strong support from the funds, then it is very likely that the real Li Kui will be overturned by the fake Li Kui. For example, Meituan, the early development relies on an idea, once other companies that follow the trend raise a large amount of money and engage in a money-burning war with Meituan, it is likely to pull down the first position of Meituan.
This is also why Jiang Hui, although he is more entangled and heartbroken, is still gradually opening up the financing of various enterprises, and asking Tang Wenwen, Fang Dawen and others to maintain contact with venture capital institutions, and not to directly reject people thousands of miles away.
Especially in the intranet, SoftBank and Sequoia Capital have been brought in in for the A round of financing, and they have repeatedly expressed their desire to increase the financing ratio. In the first two months, under the proposal of SoftBank and Sequoia, the school intranet has increased its capital by 200 million to shareholders, but fortunately, Jiang Hui has the cash cow of Guanghui Games, otherwise the shares will be diluted.
The establishment of the island country branch, the Hong Kong branch and the India branch of the intranet has led to a rapid increase in the consumption of funds. Fortunately, the performance in the overseas market is also remarkable, and it is worth the company's expenses. The intranet has nearly 20 million users in the island country, which basically attracts most college students and young white-collar workers. There are also more than 10 million users in South Korea, plus users in Baodao, Gang, Southeast Asia, Russia and other regions, the number of international users in the school intranet has reached 50 million for the first time, plus more than 20 million users in the mainland of the Celestial Empire, the number of intranet users in the school has exceeded 70 million in one fell swoop, officially rushing to the goal of 100 million.
At present, in addition to the number of users exceeding 70 million, the school intranet has also carried out some expansion of profit models. The current main profit model has not changed much for the time being.
The first is advertising costs. The school intranet puts print advertisements on everyone's intranet page, and collects advertising fees from advertisers, such as Nike, Adidas, Anta, Li Ning, etc. have placed similar advertisements, because there are not many open advertising pages in the intranet, so the price is not cheap, this is already the main source of profit for the intranet at present, and it can contribute about 50 million per month.
The second is the third-party application share. The school intranet is the world's first Internet company to be an open platform, and it has a large number of users, so there are many third-party developers who develop various applications for it. For paid apps, of course, the revenue needs to be split with the intranet. At present, the income of this part is not very large, only a few million a month, but the future imagination space is considerable.
The third is game sharing. Games can also be counted as third-party apps, but they are listed separately here because games are very special third-party apps, and they are currently the most consumed type of apps by users. Users play games on the intranet, and if you buy props, you must use the beans in the school to buy, and the revenue of the game is shared with the third-party game developer. Games such as Happy Farm and Plants vs. Zombies belong to this genre. At present, this piece can contribute nearly 100 million yuan of income to the school intranet every month, which is the largest source of income for the school intranet.
These three major blocks have brought more than 100 million yuan of revenue to the school intranet every month, and if the school intranet does not expand, it can already achieve profitability. However, Jiang Hui is obviously not this kind of short-sighted person.
(End of chapter)