Chapter 535 Global Annual Meeting
The listing of Tengyou Media is like a depth bomb.
Invested in the entire domestic stock market, for the capital market.
Short videos have become common in recent years. Some people have missed the opportunity while others have seized it.
Weishi, which was nurtured as a son by giants like Tencent Video, was also beaten by Tik Tok.
These are all platform-level companies, while leading internet celebrity companies like Tengyou Media have relied on early development of internet celebrities to achieve a valuation of 80 billion yuan.
This is something that many big investors have never thought of.
This has also allowed countless large companies to see the opportunities in short videos, and they have called on their employees to open online video accounts.
Douyin's Douyin app also made a lot of money at this time.
As a result, the price of his 3.5% stake in Douyin also rose.
Douyin is all about spending money to buy traffic, which also means that the era of wild growth of short videos will soon be over.
In the early days, there were all kinds of ordinary people who could become super internet celebrities overnight through luck or some special talents.
In the middle and late stages, capital basically dominates the world.
It is basically impossible for those who have no money to become rich overnight through such a grassroots platform.
Maybe there will be, but the probability will become smaller and smaller as capital continues to flow out.
After completing this IPO, Chen Pingsheng only has 21% of the shares in Tengyou Media.
Still the largest shareholder.
It took only three years for Tengyou to go from its inception to completing its IPO financing.
This speed is undoubtedly astonishingly fast.
February 18, 2019.
Chen Pingsheng held the Tencent Film Group's 2018 global annual summary meeting in Shanghai.
This is both a look forward to 2019 and a summary of the past year.
Looking back, Tengying Group encountered numerous market challenges in 2018.
After several reforms and adjustments, we luckily got through it.
And establish a CEO rotation system to completely change the era of rule by man where companies rise and fall due to one person.
At the same time, they also launched a large-scale wave of layoffs at their headquarters in 2018.
Regardless of the reason, the company's layoffs are a dereliction of duty by senior executives, including him as the chairman.
The reason is that the competition in this era has become increasingly fierce, and if Tengying Group is not careful, it will face elimination at any time.
Chen Pingsheng stood on the stage, with more than 100,000 employees from Tencent Pictures headquarters below him.
As of now, Tengying Group has a total of 720,000 employees.
The number of employees is not what we are proud of. What we are proud of is that we have purchased five insurances and one fund for each of them, and also provide them with benefits such as two days off on weekends and eight days off a month.
If it were just this, it would still not be something we could be proud of.
What makes us even more proud is that our group’s employee salary and benefits are far ahead.
This is something a company can truly be proud of.
There was thunderous applause from the audience, and both Chen Jianjun and Peng Ying, who were sitting in the front, couldn't help but shed tears.
How can I not be proud and proud to have a son like this?
Even Erpi Ya was listening attentively at this moment, without making any noise or noise.
"In the past, we would select 100 outstanding store managers every year and give each one a cash reward of one million. This year, as our store count increases, we will select 200 outstanding store managers, and their individual bonuses will increase from one million to two million."
"Not only have the bonuses for outstanding store managers increased, but the group has also added awards for the most beautiful waiter, the most beautiful grassroots employee at headquarters, and the best mid-level manager."
I earned too much in the past year, in addition to the bonuses that had already been decided within the group.
Chen Pingsheng personally gave out 10 billion yuan as a one-time reward to his employees.
Such a huge sum of money made some people cry while laughing.
Some people started laughing while crying, they were all outsiders.
It's not easy to work in a big city. Being so rich, he should really treat his employees better.
After all, without the hard work of hundreds of thousands of these employees, he wouldn't be able to enjoy such a glorious life outside.
Ten billion! Even Chang Fu was shocked by him.
Most of the time at a group's annual meeting is spent distributing money.
Employees have worked hard for a year. Can you hold a group annual meeting for free and then listen to your boss talking a bunch of nonsense?
More than a thousand people received bonuses, most of whom were grassroots employees.
Another small half are middle management.
The minimum is one hundred thousand, and the maximum is two million.
This is completely separate from the group's year-end bonus and is Chen Pingsheng's personal reward.
It is both an encouragement and a way to make them happy at the beginning of the new year.
To this end, he also announced a re-listing news.
"In 2019, I will personally award 200 Shanghai apartments to the best store managers, and 100 small apartments of 100 square meters to the group's middle management."
Tengying Group no longer belongs to him alone, but is a commercial giant supported by these 700,000 employees.
By the end of 2019, the apartments at Kingsoft’s headquarters will be completed, as will the high-end community at Tencent Video.
A bonus of 100,000 yuan may make these ordinary employees excited for a few months, but a house will definitely make them excited for many years.
He is no longer the street peddler he used to be, but has become a well-known entrepreneur throughout the country.
When you have the ability, you should protect the poor people in the world.
At least we need to give internal employees a good explanation.
This is also the reason why Chen Pingsheng rarely goes out to donate money. There are too many employees in Tengying Group who are worried about dowries and buying houses.
How could he give this money to those greedy charities that exploited him at every level?
In 2019, Tengying Group aims to expand its workforce to one million.
At the same time, we will also make our due contribution to some traditional industries to the best of our ability.
He said a lot and took a lot.
The only thing left unsaid was the group’s 2019 goals.
It's very simple at Tengying Group. If you do your job well and achieve high performance, you will get endless bonuses.
This is true not only for senior management but also for ordinary employees.
Don’t worry that no one sees your contribution, just like a newly hired female employee at Lujiao Coffee.
The girl just came out of the mountains and doesn't know anything, but she treats her work and clients with the most sincere attitude.
She will also be able to win the Most Beautiful and Outstanding Waiter Award, with a prize of 300,000 yuan.
Employees' spontaneous behavior must not rely solely on verbal encouragement.
The group headquarters must treat every outstanding employee who is willing to contribute well, only in this way can their market grow bigger and bigger.
Corporate profits will also continue to increase.
This is also the main reason why the brands under Tengying Group can maintain the best reputation in the face of increasingly fierce competition.
We do not bully customers by virtue of our large size, nor do we fool our employees by using brainwashing training.
Treat customers with sincerity and provide super high benefits to make employees spontaneously regard the store or company as their home.
In the long run, they are definitely not the most profitable in the market, but they will definitely live the longest.
(End of this chapter)
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