After China's reform and opening up, a group of entrepreneurs began to appear, most of whom were "founding a generation" and had not yet produced a "century-old shop" under the modern enterprise system, but there were already many cases of "everlasting foundation" in foreign capitalist countries.

A typical example is GE (General Purpose):

At that time, Welch's succession plan was divided into five steps: 1. Start the succession plan eight years before the current president stepped down, and draw up a list of dozens of candidates. 2. Successor job training plan, so that the board of directors has a comprehensive understanding of the candidates. 3. Further screening and investigation of the list. 4. The board of directors elects the final winner and spends the adaptation period under the leadership of the former president.

At the end of 1993, Welch set up a "Future CEO Inspection, Training, and Selection Committee", and he himself took charge. Soon after, the committee made a list of characteristics of the CEO who came to the future, including vision, honesty, values, leadership, fairness, experience, balance, courage, etc., as well as a strong desire to learn new knowledge, the ability to handle complex matters with ease, and the patience to face unexpected situations.

In addition to these talents, the selection criteria include:

1. Have the strongest leadership skills

2. Seek to optimize the company's administrative management capabilities

3. Try to retain all candidates during the handover and maintain GE's excellent team

4. Reduce the competitiveness of the detrimental organization to a minimum

5. Give candidates the opportunity to fully display their talents

6. Considering the size and complexity of the company, give candidates sufficient time to prepare......

Therefore, the training of the successor to the leader of a large company can be said to be a systematic project.

After Lin Feng discussed with Li Dong and Wang Hao, he felt that he could not simply choose someone as the future CEO candidate based on the memories of his previous life.

Instead, from now on, a system similar to a "rotating duty committee" should be established in Fengxing Group, and regular rotation of group executives, business group leaders, and presidents of holding companies should be carried out.

Let these people experience multiple departments within the group, fully understand and be familiar with the various business sectors of the group, and cultivate their overall vision and all-round ability.

This organization is different from the previous "Strategic Decision-making Committee" and "Strategic Management Executive Committee", and it is a body that specializes in the training and rotation of "president-level" personnel.

In the end, it was determined that the name of this organization was the "Group Rotating CEO System", and the "President Class Committee" composed of five people, Li Dong, Ma Huateng, Daniel Zhang, Martin Lau, and Zhang Zhiframe, was formed on a rotating duty every six months, and the first executive president was Li Dong.

This is actually very similar to Huawei's rotating CEO system, but the difference is that there are more candidates, and Lin Feng hopes to choose a candidate who can take over as CEO of Fengxing Group in the future.

The reason why such a system is being implemented now is also to distract Li Dong from his energy and focus on Alipay, which he has always served as the chairman!

…………

At present, among the domestic third-party payment platforms, Alibaba's "Honest Payment" has already surpassed the earliest "Alipay" launched by Fengxing and has become the largest third-party payment platform in China.

I have to say that even if the name of "Alipay" was preemptively taken by the popular industry, with the huge transaction volume of Taobao, the largest C2C e-commerce platform in China, "Honest Pay" is still like "Alipay" in the previous life, and it has developed and grown.

However, fortunately, the overall scale of the "Fengxing system" is large enough, and under the leadership of Daniel Zhang, the online payment of various businesses of Fengxing, Jingdong, Tencent and other companies in the group system all use the "Alipay" platform, but it has not been left too far by Ali's "honest payment".

The core business of China's third-party payment market is still the third-party online payment market, which accounts for 95% of the market, and the market has entered a stage of accelerated development since 2004, especially in 2008 and 2009.

In 2009, the transaction volume of domestic online payment was 576.6 billion yuan.

Among them, Taobao's "honest payment" transaction volume exceeded 200 billion, with a market share of 34.68%. Ranked number one.

The popular "Alipay" has a trading volume of 150 billion and a market share of 26%, ranking second.

It is predicted that in the next two years, the volume of online payment transactions will maintain rapid growth, reaching 1 trillion yuan in 2010 and 2 trillion yuan in 2011.

And now, with the rapid development of online payment, third-party payment is about to usher in an important inflection point!

From the policy level, from several years, "license" has been the core keyword of China's third-party payment market, in 2009 the central bank completed the third-party payment market manufacturers information collection and registration, at the end of the year, the central bank executives also talked about the issuance of licenses on different occasions. It is expected that in the near future, the access supervision system for the third-party payment market is expected to be truly implemented, and the first batch of payment licenses will be issued soon.

If nothing else, Chengxin Pay and Alipay, the two companies with the top shares, will get the first batch of "payment licenses".

In terms of market environment and user base, since 2009, third-party payment has also entered the convenient payment tool model from the initial "credit intermediary" model to create transactions.

There are two main aspects to this:

First, it is a payment tool based on the Internet, Taobao's "honest payment" reached 200 million in 2009, and the popular "Alipay" has reached more than 300 million users with the help of platforms such as QQ and FF, which has the attributes of China's basic Internet applications, and has become one of the must-use applications for Chinese netizens to surf the Internet like instant messaging and e-mail.

The new business model, such as the integration of public utility payment, credit card repayment, transfer collection, telecom payment and other functions for individual users, is an important motivation for users to actively use third-party payment products such as "Honest Payment" and "Alipay", which also has the value of creating transactions.

With the gradual deepening of China's 3G era, the mobile payment business will become more mature, the payment application and the end user will be more closely bound, and the tool attributes will be more clear.

Lin Feng knows more clearly that when the popularity of smartphones increases, the scale of mobile payment will grow rapidly.

Alipay has been suppressed by Honest Pay for so many years, and now there is finally an opportunity to "overtake in corners"!

The scope of application scenarios for mobile payment based on mobile Internet will be infinitely expanded. When Fengxing's WeChat and Alipay can meet the mobile payment needs of users in various life scenarios, the leading edge of "honest payment" based on Taobao e-commerce transactions will be seriously weakened!

This battle will be a huge market worth "tens of trillions"!

It can be said that in the future, the value of Alipay will never be lower than that of Fengxing, or even Kufeng.

And the helmsman of this Internet financial group, Lin Feng has long been designated as Li Dong.

Therefore, he is now preparing to adopt the "rotating CEO system" in Fengxing Group, which also wants to free Li Dong from the complicated daily affairs of Fengxing Group.

He needs Li Dong to be able to devote himself to Alipay!

…………

"I expect that in the next 5 to 7 years, the scale of domestic online payment will grow from about 1 trillion to 50 trillion, of which mobile payment can reach at least 30 trillion!"

"Joe, I need you to lead the Alipay team to fight this battle! I hope that after 5 years, the market share of Alipay and Chengxin Pay can be reversed, we account for 50%, they only have 30%, how about it, do you have confidence?" Lin Feng stared at Li Dong and said in an impassioned tone.

What flows in Li Dong's body is definitely the blood of a financial person, and when he heard this number, his eyes lit up and his blood boiled!

"50 trillion?MY GOD! boss, how did you predict this number?"

Lin Feng smiled silently.

However, Li Dong was not too surprised, for so many years, there is one thing that has been verified by history, that is, the market predicted by Lin Feng has not been missed!

He rubbed his hands a little nervously and excitedly, and sighed: "It seems that I didn't pay enough attention to Alipay before......

Although he has been the chairman of Alipay, his main focus has always been on Fengxing Group.

Daniel Zhang did very well before, and Li Dong basically didn't worry about Alipay.

After Daniel Zhang was promoted to the group, the current president of Alipay is Zhong Xiangqun (former general manager of the Internet Finance Department of the Bank of China), a cutting-edge executive in the domestic banking industry who was poached by Li Dong before, only 41 years old this year, a former reserve cadre of the Bank of China, graduated from the Department of Computer Science and Technology of Peking University with a bachelor's degree in software and obtained a master's degree in applied mathematics.

Mr. Zhong joined Bank of China in 1994 and has held management positions in the Information Technology Department, Personal Finance Headquarters, Bank Card Center, and Innovation R&D Department of Bank of China.

To be honest, if it weren't for the fact that Fengxing Group has always had a very close relationship with Bank of China, and Fengxing Group provided salaries and options that far exceeded those of Bank of China, it might not have been able to poach this new generation of bulls in the banking industry.

Lin Feng nodded and said with a smile: "It's too late to pay attention now, Joe, I'm going to reorganize Alipay into Hefeng Financial Services Group, you will be the chairman, Lao Zhong will be the president, and we will take the opportunity of this payment license issuance, we will also make efforts in the Internet finance sector!"

Li Dong nodded excitedly.

Well, the three of them were still discussing the cultivation of successors, and in a blink of an eye, they began to talk about new business again.

Wang Hao and Li Dong are also used to it, and every time Lin Feng proposes a new idea, it indicates that a great company is about to be born!

Windy, cool, it's all right.

The current Hefeng Financial Service (Alipay) will presumably become a new giant company in the future......

Social entertainment, mobile phone, and Internet finance will be the three pillar industries in Lin Feng's mind.

Social entertainment provides the basic connections and content, builds the user's viscosity on the Internet, and is the initial platform.

Mobile phone is the hardware entrance of the mobile Internet and a necessary channel to expand various application scenarios.

Internet finance is a new ecosystem, a service provider for various application scenarios, and an extremely important provider of big data, which are interdependent and form a complete closed loop and will jointly build a huge business empire.

This is also Lin Feng's ultimate goal.