Chapter 293: The Exchange of the Two Giants of the Internet in the Future

When Boss Ma said that "a line of software has not been written", it caused several people present to laugh.

To a certain extent, this represents the entrepreneurial environment of the early Celestial Empire Internet. People with technology and ideas lack funds and have no way to develop, so they have to run projects and attract investment everywhere, and there is no time to study technology.

"Mr. Ma, I have a headache now, because the pace of the company's development is too fast, the lack of talent precipitation, there is always a shortage of manpower, especially the managers at the level of department leaders, what are your views on employment," Jiang Hui said.

"For Penguin, or for me, the first thing to look at when selecting talent for a company is this character, and I put a lot of emphasis on this, which has to do with our company culture. The founding team likes simplicity and doesn't like politicization. Including the selection of cadres, character is very important. The second is to look at professional ability, cooperation ability, intelligence, and so on. The combination of these factors is the principle of our talent selection," said Boss Ma.

"It makes sense that people with talent but no character are placed in a more important position, the more harmful it will be to the company. Only when there is no problem with character, then consider it in combination with other factors", Jiang Hui nodded and said.

"Mr. Jiang, I'm curious about how you see the future development trend of the Internet in China?" asked Boss Ma.

"Keeping innovating, in the past decade, the Celestial Empire Internet has successfully resisted the attack of international giants by using its local advantages and achieved a comprehensive victory, but it is the next decade that will really determine the life and death of the Celestial Empire Internet. In the past ten years, Tianchao enterprises have not only to compete with international enterprises for services, but also for innovation and core technical capabilities," Jiang Hui said.

"Innovation is definitely a must, and you can't always rely on imitating Silicon Valley, which is better than Korn Ferry Group. Whether it is the school intranet, Tudou or Meituan, they are all original, and it can be said that they have opened the trend of the industry, which is not as good as you in Penguin", Boss Ma said sincerely.

"To be able to fight your way out of a bunch of competitors, Mr. Ma, you are the real skill, I am just opportunistic, and there is some luck in it," Jiang Hui said.

If the rebirth is luck, then the development and growth of the Guanghui Group really depends mainly on luck, of course, Jiang Hui has also made great efforts.

"If you only have one intranet, then you can say that there is an element of luck in it, but then you have so many companies that are running very well, and it is definitely not a word of luck that can explain it," said Boss Ma.

"Listening to Mr. Ma and Mr. Jiang chatting, there is a feeling of Huashan arguing about swords, they are the same characters, we belong to passer-by A and passer-by B", Manager Zhou said with a smile.

"There is indeed a feeling of a master duel, come, let's have a toast to the incisive insights of Mr. Ma and Mr. Jiang", Bai Xue said.

Although there are six people attending tonight's dinner, the protagonists must be Boss Ma and Jiang Hui, Manager Zhou and Bai Xue are supporting roles, and as for Zeng Qingying and Boss Ma's secretary Sakura, they are purely soy sauce, basically without their share of talking.

"The revenue of the Penguin game platform accounts for more than eighty percent of the total profit of Penguin, Mr. Ma, what do you think of the current online games?" Jiang Hui asked.

"The sad thing about the online game industry right now is that the situation is too chaotic, and the industry has not yet entered an era of stability. There are several small companies in the Celestial Empire, and if they develop a small online game, they can go public. Many coal bosses also went to do it, dug a few people out and did it, and they also wanted to go public. That's why it's a bit messier to play online games, after all, the profits are still too high," said Boss Ma.

"Big fish eat small fish, sooner or later there will be a reshuffle in this industry, and in the end there will only be three or five large-scale enterprises left," Jiang Hui said.

"What, Mr. Jiang intends to enter online games? Isn't your glorious game now focusing on browser games, is this the rhythm of transformation?"

"It depends on the situation, Mr. Ma, you said that the profits of the online game industry are too high, and I am reluctant to give up, and now the Guanghui Group needs a cash cow to support the development of the group's companies," Jiang Hui said.

"In fact, you can also choose financing, as far as my personal experience is concerned, for most entrepreneurs, getting venture capital financing is actually the most important," said Boss Ma.

"That's true for most entrepreneurs, but I don't think I'm one of them. I am very optimistic about the future of the companies under the Korn Ferry Group, but since the companies are just starting out, the Internet penetration rate of the Celestial Empire is not very high, and the potential of the companies has not yet fully exploded, so there will not be a high valuation, so I want to reduce the risk financing as much as possible," Jiang Hui said.

"I heard that Tudou and YY Live have silently carried out a round of financing, and Meituan and Intranet have introduced IDG, SoftBank and Sequoia earlier, which shows that Mr. Jiang should not be against financing," Mr. Ma said.

"I'm not against financing, but I want to be able to raise it at a more appropriate valuation. The financing of the school's intranet and Meituan is a development need, while Tudou and YY Live can be regarded as the introduction of strategic investors," Jiang Hui said.

"Mr. Jiang, Penguin is also very optimistic about companies such as Tudou and Meituan, if you are ready for the next round of financing, please tell me, Penguin also wants to join", said Boss Ma.

"No problem, under the same circumstances, I will give priority to cooperating with Mr. Ma," Jiang Hui said.

"I think in recent months, the Korn Ferry Group has been busy expanding the market internationally, and Penguin has not done enough, what do you think are the ways in which the Internet companies of the Celestial Empire choose to internationalize?" said Boss Ma.

"If you think about it, there are about four ways to do it.

The first type, according to the normal experience of American Internet companies, is to set up a branch office abroad, and the model is to copy the headquarters. Just like YY Live set up a branch in the island country to develop and provide live broadcast business.

The second is to take the goods of the Celestial Empire as the core, and use the advantages of Internet channels combined with local procurement to serve the local market. However, there are no companies that have done very well in this area.

Third, based on the successful experience of Tianchao Internet, we try to combine Tianchao's micro-innovation with the local market for in-depth development. Taking the school intranet as an example, the model of campus SNS was optimized and promoted to all netizens in the island country.

Fourth, through direct acquisition and investment, control local companies with certain advantages in the local market, and then deeply integrate with the business of the Celestial Empire through the company. Although there is no company that I feel is doing particularly well in this area, it should also become a trend.

At the moment, I can think of about the above four," Jiang Hui said.

"In just a few seconds, Mr. Jiang thought of four ways, which are very remarkable, come, I respect you", Boss Ma said.

……

Jiang Hui and Boss Ma chatted while eating, although the two had an age gap of more than ten years, they still talked happily with each other, and they felt a little forgetful.