1980 My Literary Era.

Chapter 917 Advanced Progress

After a very democratic investigation, talks, and interviews, the candidate for the position of president of the Chinese Literature Society has basically reached a consensus within the society, but after all, this matter must be approved by the superior department.

On this day, Lin Weimin came to the office.

As soon as they met, Yu Shu joked: "Hey! Isn't this the rich man Lin? Why are you free to come to the office today?"

Lin Weimin smiled and said: "Boss, you are really good at joking. Don't use the word "rich" nonsense. It's all the country's money."

During this time, the news that Guowen Group made a profit of RMB 22 billion from reducing its holdings of Sohu shares has been widely known in the domestic publishing field, Internet industry and literary circles.

Every time Lin Weimin goes out for a meeting, he is bound to be ridiculed, and private discussions between him and Guowen Group are endless.

After the joke, Lin Weimin communicated with Yu Shu about the candidate nominated by the Chinese Literature Society for the president.

"Since it is democratically selected, the department respects the opinions of your group."

After a brief communication, the Yu Department agreed on the candidate for the new president of the Chinese Literature Society.

After talking about the business, Yu Shu said: "Speaking of it, you have not been the president of the Chinese Literature Society for a long time, but you have brought the greatest changes to your society."

"I have also contributed a little bit on the basis of my predecessors." Lin Weimin said with a smile.

"If you had calmed down your expression when you said this, you might still have some credibility. But it's right to be proud. Your achievements are indeed obvious to all, and you have the right to be proud."

These words are equivalent to affirmation of Lin Weimin’s experience and achievements as president.

Then Yu Shu did not wait for Lin Weimin to be humble again, and warned: "I have relieved myself of the burden of the president, and I will focus on the group's affairs from now on. We must keep up our efforts!"

"We must live up to the expectations of our leaders!" Lin Weimin said.

Yu Shu had a warm smile on his face and said, "I look forward to your better development in the future."

The candidate to succeed the president was determined, and Lin Weimin's most important task before the year was completed. Thinking that there would be less mundane tasks in the coming days, his mood became much brighter.

A few days later, Lei Jun called Lin Weimin and asked him to treat him to dinner. When Lin Weimin heard this, something must have happened again.

When they met, he joked: "What difficulties did you encounter this time?"

When he came up, Lin Weimin revealed his thoughts. Lei Jun showed a slightly shy smile, "Eat first, I will tell you slowly."

Lei Jun and Lin Weimin had a drink before the Chinese New Year last year, and they talked about Kingsoft's inability to face the powerful rival Microsoft. Kingsoft's hard work in the software market alone has been somewhat unable to keep up with the development of the domestic Internet industry, let alone defeat Microsoft, a world-class competitor. Giant, he slowly realized that the Internet wave was unstoppable.

So soon after communicating with Lin Weimin, Kingsoft Software had an additional business department.

In less than a month, a brand new Internet website within Kingsoft was born - Joyo.com, a website focused on software downloads.

That’s right, Joyo.com, one of the originators of China’s e-commerce websites that people often hear about in later generations, was originally engaged in software downloads.

Lei Jun's software complex is so deep that after he had the idea of ​​starting a website in his mind, his first idea was to build a website that could download software.

Facts have proved that Lei Jun took the right step, but it was not entirely right.

From the trial run of Joyo.com at the beginning of the year to the end of the year, Kingsoft invested a total of two million yuan in Joyo.

The website’s achievements are also remarkable, reaching 33rd place in CNNIC rankings in less than a year.

CNNIC is an organization established by the China Internet Network Information Center in 1997. One of its functions is to monitor China's Internet information. CNNIC's information indicators are now also an important parameter for venture capital to pursue target companies.

Sohu and NetEase invested by Guowen Group are now the top websites ranked by CNNIC. Even Rongshuxia, a website focusing on literary content, is ranked in CNNIC's top 50.

Joyo.com grew from scratch within one year to reach 33rd place in CNNIC rankings, which is an outstanding achievement.

But one year after the website was established, the problems it encountered became increasingly clear.

The first is that bandwidth and server costs are relatively expensive at this time. Joyo.com focuses on downloads and is under huge financial pressure in this area. The second is the ultimate problem that also plagues all Internet entrepreneurs and websites in China - the business model is difficult to make a profit.

In fact, these two problems are still the same problem - no money.

Facing the dilemma of Joyo.com, Lei Jun thought hard and finally made a difficult decision to transform Joyo.com from a software download website into an e-commerce website.

But Joyo.com has invested two million, and now that it wants to transform, it is basically equivalent to giving up all the achievements it has made in the past year.

Lei Jun is the general manager of Jinshan, not the boss, so he must give an explanation to the company and his boss.

Thus, there was the meal Lei Jun treated Lin Weimin to today.

After listening to Lei Jun's words, Lin Weimin showed a relaxed smile on his face, "It seems that today's meal is not cheap!"

Hearing this, Lei Jun said with some embarrassment: "If you are in trouble, I can just go outside and look for investors."

"When did the words I said not count?" Lin Weimin said dissatisfied.

He said with a smile: "Our Guowen Group has made a fortune recently. You have a really good nose. You came at the right time."

Lei Jun beamed when he heard this. “How much do you want?”

Lin Weimin's words revealed a sense of wealth and arrogance, which made the smile on Lei Jun's face even wider.

"For 600 million yuan, we, Kingsoft, can sell 30% of Joyo.com. In addition, we, Kingsoft, will inject another 1000 million yuan into Joyo.com, occupying 70% of Joyo.com's shares, 20% of which belongs to our management."

"That's a valuation of 2000 million." Lin Weimin looked thoughtful, and then asked: "E-commerce websites can burn money faster than software download websites. Is it enough to take such a small amount of money?"

Lei Jun's breath couldn't help but stagnate. He finally got 1000 million yuan from the big boss. He thought that with this money, it would be easier to negotiate financing with Lin Weimin, but he didn't expect that he still thought the money was small.

But think about it, Guowen Group just cashed out 22 billion yuan.

"If you want to build a successful e-commerce website, the money will certainly not be enough, and you may need to raise funds in the future," Lei Jun said.

Lei Jun's idea was correct, but he did not expect that in just a few months the global Internet industry would enter a long winter.

Later, Joyo.com received investment from Lenovo during its transformation. It encountered many setbacks in the early days. Later, with the joint efforts of Lei Jun, Chen Nian and others, it became one of the top e-commerce websites in China.

But it is a pity that Lei Jun underestimated the duration and intensity of the Internet winter caused by the Nasdaq stock market crash in the United States. By 2004, Joyo.com was in a good situation, but its funds had been completely exhausted. At that time, domestic The Internet industry was still at a low ebb, and Joyo eventually fell on the road of finding money. In the end, Lei Jun had to sell the website to Amazon for 2004 million U.S. dollars in 7500, and eventually went bankrupt due to Amazon's poor management.

If possible, Lin Weimin would not mind getting more investment from Joyo.com.

The collapse of Joyo.com in later generations was entirely a crime without war. If it had raised funds in 04, I am afraid that China's e-commerce landscape in the future would not be what it was in later generations.

To take a step back, even if Joyo.com finally sold itself, it was sold for 7500 million yuan, which is more than [-] million yuan converted into RMB, and the return on investment is not low.

But it is a pity that Joyo.com is Kingsoft's website. It is just about to transform and it will definitely not sell too much at once.

Lin Weimin left something to say, but did not continue.

After reaching a verbal agreement with Lei Jun, the investment department of Guowen Group took action the next day to conduct pre-investment due diligence on Joyo.com. If there are no problems with the due diligence results, the cooperation between the two parties will be officially concluded.

Nowadays, Guowen Group has become more and more formal in its foreign investment.

The New Year is getting closer and closer, and the atmosphere within Guowen Group is particularly restless this year.

The reason for this situation is also very simple. Guowen Group has made a huge windfall this year, and everyone is looking forward to this year's New Year's bonuses and benefits.

It was not until the [-]th of the twelfth lunar month that the bonuses and benefits were finally paid.

Six months' salary, plus a delivery coupon for a Gree air conditioner.

The employees counted the thick stack of money and the delivery coupon worth more than 2000 yuan in their hands, and everyone had a smile from the bottom of their hearts.

This wave of bonuses and benefits at the end of the year combined is worth their working income for most of the year. How can they not be happy?
  This year can be said to be a good year for many employees of Guowen Group.

In September, Wenhua Film and Television went public. The group provided inclusive benefits to its employees. Even the lowest-level employees could purchase 9 shares at a low price. Based on the current stock price of Wenhua Film and Television, the value of these stocks is basically the same as that of employees. Our total income for the year has remained the same.

Now there is another payment at the end of the year. If we add other subsidies and benefits during this year, we can calculate that the employees of the Chinese Literature Society received at least 36% salary this year, and one year of work is equivalent to three years.

Everyone counted their income this year and were surprised to find that what they talked about at the end of last year seemed to have come true.

When employees received their bonuses at the end of 98, Lin Weimin told everyone about a long-term plan.

The income of Guowen Group employees should reach 3000 yuan per month in the next three years, and strive to reach 5000 yuan in five years.

At that time, everyone was a little embarrassed. Although everyone's income has increased a lot in recent years, based on the salary income at the end of 98, it is not ordinary to have a monthly income of 3000 yuan in three years and 5000 yuan in five years. .

But now, just one year later, Lin Weimin's goal of "a monthly income of 3000 yuan within three years" has really been achieved.

Of course, there are still some lower-level employees who have not achieved this goal because their wages are relatively low. In addition, some employees did not subscribe to Wenhua Film and Television's shares and did not achieve this goal.

But no matter what, it is a matter of great joy that a large number of employees have achieved this target income in just one year. It also makes employees more hopeful about their future income.

After receiving the bonuses and benefits, the Chinese New Year is about to begin, and Guowen Group is full of joy.

I don’t know where another rumor came out, saying that the group will have a big salary increase at the beginning of the year.

The news was spread as smoothly as if the documents had been distributed, which added a bit of joy within the group.

As an original public institution and now a state-owned enterprise, Guowen Group receives salary increases every year, but these are all inclusive.

The news that came out at the end of this year was said to be about to surge. It was obviously unusual and everyone in the group paid attention to it.

Compared with occasional stocks and variable bonuses, salary increases are the most real.

The news first came from the Chinese Publishing House, and in just a day or two it became known to everyone in the group.

When the news reached Lin Weimin's ears, he threw the water glass on his desk angrily.

It’s better not to do this confidentiality work!

(End of this chapter)