On March 21, 2010, Fengxing Group, a Chinese Internet giant, released its financial results for the fourth quarter ended December 31, 2009 and the financial results for fiscal year 2009.

2009 Annual Results Highlights:

Total revenue was US$4,543.6 million (RMB 34,540.0 million), an increase of 52.47% over the same period last year.

Among them, the revenue of Internet value-added services represented by social networking and online games was 3.401 billion US dollars (26.5307 billion yuan), an increase of 74.54% over the same period last year.

Revenue from digital entertainment content services such as music, film and television and literature was US$279.1 million (1,905.6 million yuan), up 36.2% from the same period last year.

Online advertising, social and performance advertising revenue was US$598.2 million (RMB 4,662.5 million), an increase of 79.47% over the same period last year.

In addition, the Company's other business income was US$1.849 (RMB 1,442.5 million), an increase of 67.89% over the same period last year, mainly including cloud service revenue, security and other equity investment income.

Operating profit was US$2,771 million (RMB21,617 million), an increase of 78% over the same period last year, and the operating profit margin increased to 62.5% from 59% in the same period last year.

The annual profit was US$2.582 billion (RMB20.142 billion), an increase of 62% over the same period last year, and the net profit margin increased to 56.83% from 54% in the same period last year.

On a GAAP basis, Fengxing reported earnings per share of $3.01 for 2009 of 835 million shares of diluted shares, compared to $1.85 per share of 830 million shares of diluted shares for the same period in 2008.

Fengxing Group expects to incur approximately $160 million in 2010 expenses for options granted to employees prior to January 1, 2010, excluding expenses related to employee stock awards granted after December 31, 2009, or expenses related to non-employee stock awards granted or likely to be granted.

Fengxing Group's net cash generated from operating activities in fiscal 2009 was US$2.53 billion (RMB19.734 billion), compared to US$1.73 billion (RMB13.494 billion) in the same period last year, and capital expenditure in 2009 was US$750 million (RMB5.8 billion), mainly composed of IT infrastructure investments, including data centers, servers and network equipment, as well as the Group's strategic investments and acquisitions.

Fengxing Group expects to continue to conduct significant capital expenditure activities in the future.

As of December 31, 2009, the total value of cash, cash equivalents and variable current value securities held by Altar of Popularity was $3.5 billion.

As of December 31, 2009, Fengxing Group employed 21,400 full-time employees worldwide.

Fengxing Group's earnings per share and revenue in the fourth quarter and fiscal 2009 both beat Wall Street analysts' expectations, and the outlook for the first quarter of fiscal 2010 also exceeded expectations, pushing its stock price up more than 3% after hours!

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With the release of the financial report, Fengxing Group also announced a series of personnel adjustment appointments.

From April 1, 2010, Fengxing Group will begin to implement the "Rotating Executive President" system, consisting of five members: Li Dong (Joe), Ma Huateng (Pony), Daniel Zhang (Daniel), Martin Lau (Martin (Martin) and Zhang Zhijian (Steven). Each person is on duty for half a year.

At the same time, the former vice chairman of the board of directors and executive director of the company will withdraw from the board of directors of the company, and his executive director position will be added by Han Xiao, the current CTO of Fengxing Group.

This also confirmed the recent news that Wang Hao, the co-founder and one of the main shareholders of Fengxing Group, is about to retire.

Fengxing Group announced that its core founder and vice chairman of the company's board of directors, Wang Hao, will officially resign and retire in a year.

Subsequently, Wang Hao sent an email to the company's personnel and said goodbye in advance in the form of a retirement resignation letter.

In the retirement letter, he reviewed the history of the establishment of Fengxing Company, expressed his gratitude to all colleagues and teams who have contributed to the development of Fengxing, and elaborated on his thoughts on the succession of the company and his expectations for the future development of Fengxing.

Then, Lin Feng also replied to the email, he highly praised Wang Hao's importance and significance to the Fengxing Group, and expressed his understanding and blessing to Wang Hao to prepare for a period of rest and accompany his family's ideas, Lin Feng said, Wang Hao will always be the most important member of the Fengxing Group! Even if Wang Hao retires for a short time, he is still an important shareholder of the company, he thanked Wang Hao for his outstanding contributions to the development of Fengxing over the years, and wished a happy vacation and a happy family. He also said that he is always looking forward to Wang Hao's future return!

As soon as this news was announced, it caused a great sensation in the domestic Internet industry.

Is this the precursor to the collapse of the core iron triangle of the giant of Fengxing Group?!

Countless analysts have published articles about Wang Hao's retirement.

After all, Wang Hao is only 35 years old, is it too early to retire at this age?

For a time, various opinions such as the theory of internal tilting and the theory of the bird's end of the bow were circulating everywhere on the Internet.

Of course, the core backbone personnel within the Fengxing Group scoffed at these rumors.

Lin Feng, a boss who is basically unwilling to take care of things, as for the birds, is it hidden......

Moreover, with the shares held by Wang Hao and the qualifications to establish the company, the power within the company is second only to Lin Feng and Li Dong.

Li Dong is in charge of administration, finance, and business, and Wang Hao is in charge of technology, and the two have no conflict of interest.

Except for Lin Feng, who can dump him? Who is qualified to dump him?

Subsequently, many employees of Fengxing Group also posted on social networks such as QQ\FF\Renren.com, reviewing the past stories of working with Wang Hao.

He is technically excellent, low-key and kind, with great prestige, and his long-term work has led to poor health...... , and other deeds broke out.

On the contrary, more people began to understand Wang Hao, the popular "second-in-command" who has always been hidden behind Lin Feng's dazzling light.

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In the media hype caused by the release of the dazzling new year's financial report of Fengxing Group and the disturbance caused by Wang Hao's retirement, (Shanghai) Alipay Technology Co., Ltd. changed its name to "Shanghai Hefeng Financial Services Group Co., Ltd." in a low-key manner.

Hefeng Financial still owns the Alipay brand, and the most important task at present is the approval of payment licenses.

Hefeng hopes to win a full license including Internet payment, mobile phone payment, bank card acquiring, prepaid card issuance and acceptance, currency exchange and many other payment businesses, although backed by the mountain of Fengxing Group, it still needs to do a lot of public relations work, especially from the central bank.

Lin Feng attaches great importance to this matter, and some of the network resources accumulated before have to be used at this time.

After making an appointment for a few dinners in succession, introducing Li Dong and Zhong Xiangqun to the second generation who have been making money with the trend for a long time, they will find channels to influence relevant decision-makers in the central bank through their respective channels and backgrounds.

However, thanks to a large amount of cash flow and capital reserves of companies such as Fengxing Group and Cool Wind Technology, Lin Feng's reputation in banking institutions is still good, and Alipay's current market share, even if it does not carry out too much behind-the-scenes public relations, can steadily get a license.

Lin Feng mainly thought that in the later stage, if a business like "Yu Yu Bao" was launched, it would have an impact on the traditional intermediary business of commercial banks, credit business, etc., causing a relatively large repercussion.

We should take a long-term view.

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When he was busy arranging various tasks, Lin Feng got another surprise news.

The leaves are pregnant again!

Speaking of which, in a blink of an eye, he is already 3 years old, in addition to accompanying her son to grow up in the past two years, Ye Weiyu has also served as the chairman of TVB and the chairman of the Maple Leaf Foundation.

A few days ago, Ye Weiyu kept clamoring to have another child.

Now I've got what I wanted.

got it, and the family flew back to Hong Kong to let Ye Weiyu give birth.

But after all, she has already given birth to a child, and Ye Weiyu is very relaxed this time.

On the contrary, Lin Dandan already understood something at this time, and told his mother like a little adult: "I want a beautiful sister, come on, mother!"

Lin Feng smiled: "Okay, if your mother gives you a sister, she will be called Xiaohua." ”

Ye Weiyu looked annoyed: "What a little flower, this name is so earthy......"

Lin Dandan clapped his hands on the side: "Sister Xiaohua, Sister Xiaohua!"

Ye Weiyu really wanted to cover her face: "You two ...... you"

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