Tao Liangchen

Chapter 605 Not a Single Worthy Opponent

To say that Su Yehao currently controls half of the mainland Internet market isn't an exaggeration at all.

Sometimes, when the higher-ups convene meetings with representatives from various Internet companies, his subordinates would swarm over, occupying nearly half the seats and taking turns speaking on the stage.

From the initial investment until now, he's only put in about seven or eight hundred million RMB, but the effect has been astonishing. This is mainly because the market is so small that it can't withstand the havoc wreaked by this "dragon crossing the river."

To be honest, there isn't a single worthy opponent.

Faced with Su Yehao's cost-is-no-object money-burning approach, other competitors can only smile bitterly. Whether it's funds, technology, or talent, they are completely crushed in every aspect.

tAt has already seized more than 95% of the instant messaging software market share. It has dozens of stand-alone mini-games and has also代理 (dàilǐ - act as an agent) and independently developed several medium-to-large-scale games.

tot's search engine also holds more than 90% of the market share. Together with Silver Sea Network Group, it has captured 80% of the portal website market, while also venturing into markets such as Weibo, blogs, office software, email, online news, and music streaming.

Recently, it has been using Taobao to enter the emerging e-commerce field in the mainland, once again leading a new wave of trends.

The so-called dream start refers to the current situation.

While other mainland startups are still struggling, Su Yehao has already created an Internet ecosystem. Even when facing companies like Yahoo and Amazon that have announced their entry into the mainland market, he can handle them with ease. After all, he has everything they can offer, and he was the first to cultivate users' habits, allowing them to seamlessly connect with one account.

Interconnection between various websites has its benefits.

For example, the rampant account theft, which plagues other companies, is now handled by his company through mutual verification with security questions, basically solving the problem and avoiding negative impact on user experience.

Each time a new product is launched, an advertisement on other company's platform can attract a large number of new users, making things much easier than for other companies.

As Su Yehao's planned back garden, he attaches great importance to the mainland market.

It can be said that the reason he is confident in investing money in semiconductors and leading the Qianxin Zhi Cheng (Thousand Core City) development project in Qianhai, Pengcheng, is because the long-term benefits are very secure, and he doesn't have to worry too much about expenses.

Silicon Valley has provided him with the capital to be arrogant in the past two years, and the performance of the mainland market will gradually become the focus.

Internet access fees will be further reduced in the second half of the year, and the explosive growth of Internet users should not be far away.

Therefore, while most of the senior executives were present, Su Yehao decided to hold a meeting in the conference room to chat briefly.

At this time.

He led the group upstairs, attracting many employees to come out and watch.

One of Little Ma's subordinates, after poking his head out to check, patted his colleague and said excitedly, "Did you see that!? Our Director Ma is actually so close to the big boss, it seems he is highly valued. To be honest, as Director Ma's confidant, I estimate that I'm not far from a promotion and a raise."

His colleague glanced at Su Yehao from afar, sighed and envied, "The big boss is so handsome. It's the same suit, but why is there such a big difference between how it looks on him and how it looks on me?"

"Tch... Do you even call what we wear a suit? His shirt probably costs more than our entire outfit. His net worth exceeds ten billion US dollars, what does that even mean? Last year, the entire Pengcheng's GDP was only a little over 150 billion RMB. Just thinking about it makes me feel suffocated."

"Why isn't it a suit? It's a big brand, Bananain a, costing me more than ten days' salary. It's just that the big boss's clothes are mostly custom-made, so they fit better."

"I don't think it has anything to do with whether it's custom-made or not, the key is that he's handsome and has a good temperament..."

Similar discussions were common throughout the company.

Some young women pretended to go to the bathroom just to follow Su Yehao from afar, while some managers were thinking of seizing the opportunity to show off, telling people to quickly tidy up their desks, and considering how to report their work and stand out if they met Su Yehao.

Nowadays, looking at the entire Pengcheng, the employees' income in this office building is considered top-notch. Some employees have a basic salary of five or six thousand, and year-end bonuses can be tens of thousands.

Su Yehao took the time to observe, and when he arrived at the conference room, he said with a smile:

"I just took a look, and I found that everyone's spirits are pretty good. Our corporate culture has been barely created."

"Last time, someone reported that it's difficult to recruit international students with the current salary level. If they don't want to come, we don't have to force them. The gap in software technology doesn't seem to be that big. It seems that the top talents from several mainland universities now like to go abroad. In fact, unless they go out to learn technology, I don't think it's necessary. Take Silicon Valley, for example, they earn US dollars and spend US dollars, and the average house price is about to skyrocket. The cost of living is not cheap."

"I can guarantee that as long as employees are capable and work hard in our company for a few years, ten or twenty years later, their achievements will surpass those who go out. It's not certain who will have the last laugh. The HR manager should remember to pay attention. The company's recruitment cannot only focus on education. We must pay attention to cultivating our own talent team, cooperate more with universities willing to cooperate, and be ahead of others in campus recruitment."

Seeing Su Yehao mention this matter first, the tAt HR manager immediately expressed his position and echoed:

"That's right, I found that some employees may not be the smartest, but they are far more hardworking than a few employees who think they are great. When recruiting, we consider comprehensively, putting personal ability first..."

Several other senior managers in charge of human resources also expressed their positions one after another.

After listening, Su Yehao nodded and said:

"Well, I've been considering an idea for a long time. When the Sihai International Cultural Tourism City or the Qianhai project is completed, a batch of internal housing will be provided at cost prices to facilitate you and other employees to settle down locally. With the support plan given to us by the government, it is beneficial to attract talents from all over the country to join us. This year, the telecommunications company will be split into four. I believe it will enter a period of rapid development. I am also thinking of ways to supply affordable computers. The next few years are very critical. I don't want a weak ending, I want a strong finish."

"Until now, we are still only focused on market share. I don't need you to make much money in the future. I plan to invest another five to ten billion US dollars in the next five years. Everyone should desperately seize the market and provide users with the best services and products."

"Also, you may be concerned about the listing and equity incentive issues. Now I can only say that there will be some at that time, but the Hong Kong Stock Exchange is preparing for reform. Maybe I will strive to become a shareholder, so we have to wait a little longer. It is expected that we will choose to list in Hong Kong, and we will first issue rewards to you in the form of cash and other means..."

Su Yehao rarely talks to these senior executives in person. Taking advantage of his visit today, he talked about the key points.

To say it was communication, it was actually more like him talking and everyone else agreeing.

Other companies more or less have funding shortages. On the one hand, they want to raise funds, and on the other hand, they are urged by investors to go public. Su Yehao's company does not have such troubles.

Therefore, upon learning that they would not be listing for the time being, the senior executives were not too disappointed. Although some mainland companies have gone to NASDAQ to list, they are still very rare. Considering the pitiful market size, they did not expect too much anyway.

Originally, he thought of spending half an hour to end this meeting as soon as possible.

Unexpectedly, Boss Ma seemed to be very energetic today. Not only did he talk about Taobao, which he managed, but he also analyzed the situation in a long speech based on the situation of other companies.

In addition, other people kept throwing out new topics, successfully setting a new record for Su Yehao's meetings, which lasted for more than two hours before ending.

...