Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 910 Don't Get on the Bus
"Is the other side going to implement ESOPs? Or have everyone own shares?"

"Has Chen Mo gone mad?"

"...It's not the first time I've gone crazy, you'll get used to it."

"Do they have so much money they don't know what to do with it? They just want to divide up piles of cash like that? That's outrageous!"

"If you ask me, Chen Mo is the biggest hypocrite in the country. He's just buying his reputation with money—does he really want to be remembered in history?"

In a group chat for business owners, after reading Chen Mo's post, a chorus of complaints arose.

For companies, implementing an ESOP (Employee Stock Ownership Plan) to achieve "shareholding for all" is a strategic decision, the core of which is to allow employees to share in the company's growth dividends.

Such mechanisms have a strong incentive effect on startups, just like Xiaomi when it had a team of 100 people.

For companies of the size of Beyond, only Huawei has successfully implemented this model in China so far, while the attempts of other companies have yielded mixed results.

Li Yining, an elderly man who has witnessed half a century of China's economic ups and downs, read a deeper meaning from Chen Mo's words and data.

If the essence of the traditional capital model is separation, then what the other side is doing is to return this part of the value to the workers in a reasonable and legal way.

The "Other Shore Model" constructed by Chen Mo deeply embodies the essence of dialectical materialism: coming from the masses and going back to the masses, ultimately determining its subjectivity.

The existence of the other side proves one thing: in the soil of a market economy, different sprouts can also emerge.

While the entire environment is caught in a state of involution, a community of shared destiny for millions of people is being built on the other side.

This self-revolution of capital is a vivid illustration of the principle of the rich helping the poor.

This was also their original intention in designing the model in this way.

Unfortunately, in the course of practice over the years, we have ultimately underestimated the greed and short-sightedness of some people...

Fortunately, Chinese companies have finally found their way out, just like the Journey to the West concert a few days ago. In the business world, there was a stubborn rock that eventually gave rise to a Chen Mo.

Li Yining turned off the tablet, sighed with a mixture of relief and emotion, and continued to scrutinize the document—this also concerned the future of China's economy, and whether it was an acute operation or a chronic treatment, the impact would be enormous. All he could do was to consider all the possibilities as thoroughly as possible.

Whichever choice you make, it takes courage.

Actually, according to the original plan, the introduction of an employee stock ownership plan (ESOP) and the cancellation of interest-free loan benefits would have been sufficient.

But given the atmosphere at the scene, he could feel the trust from countless employees and the gaze of millions of viewers outside the screen, so he took the opportunity to say a few more words.

Perhaps he knew that these words might be too sharp, so he started by putting on armor.

"The following represents only my personal opinion and has nothing to do with the Beyond Group. There may also be misjudgments. Please listen rationally and make your own judgments."
I am 33 years old this year, and the average age of employees at Bi'an is 31.

Perhaps for our generation, starting a family and building a career has become a deeply ingrained responsibility, and therefore buying a house has become an obsession.

The idea that "buying a house is the first thing to do when you have money" has become prevalent, especially with the soaring housing prices in recent years, leading to the perception that "buying a house is like making a profit."

The past decade or so has indeed been a golden age for real estate and a period of great opportunity for the internet.

But have you ever thought about this: economic cycles fluctuate, and no 'stock' will rise forever?

The current real estate market is like a stock with an upward cycle measured in "years".

When a stock skyrockets to the point where it's widely known and sought after, it often means it has reached its peak, and what follows is likely to be buying at the top. Currently, housing prices are far beyond the affordability limits of ordinary people.

A reasonable level should be that an average worker's monthly salary can buy one square meter of housing in the local area—this would reduce mortgage pressure, prevent serious impact on the family's quality of life, and allow the surplus to be used for consumption, education, and investment, thus forming a healthy economic cycle.

But what about reality?

In first- and second-tier cities, buying one square meter of housing is no longer measured in "monthly salary," but rather in "annual salary," or even after-tax annual salary.

Otherwise, there wouldn't be self-deprecating comments online like "After working hard for several years, I only earned enough for a toilet."

This severe mismatch between supply and demand makes me very worried about the current real estate market.

Therefore, I would like to remind all those on the other side of the strait, and friends who watch the live stream and love the other side of the strait: unless it is a necessity, do not use leverage, and do not force yourself to "get on board".

Some might say, "Chen Mo, it's easy for you to talk when you're not in our shoes. You're the richest man in the country, buying houses all over the country is a piece of cake for you. Are you saying this because you're afraid we'll have an even better life?"

Actually, I have bought quite a few houses before, for example, in Huaqing Jiayuan, I bought several hundred units in total...

Before he could finish speaking, the entire room erupted in uproar. This was Chen Mo's first public response to the rumors surrounding him as the "King of Huaqing Jiayuan."

"...Those who have followed our annual meetings in previous years should know that these houses were later owned by the group. Some were given away as grand prizes, and the rest were used as employee apartments."

Now all I have left is a villa and an apartment.

That's all for now. I hope this draws everyone's attention.
Finally, I wish all my colleagues on site and friends watching the live stream a Happy Chinese New Year!

See you next year!

After Chen Mo finished speaking, he ran off the stage, just like he did at the beginning.

He knew in his heart that his words tonight would once again become "ingredients" for the media to make a big fuss about.

But he doesn't care.

The reason he added these unnecessary details at the end is because he had seen too many cases that left a deep impression on him: online, around him, and even his own.
Many people follow the same tragic formula: emptying the wallets of six family members to make a down payment, leveraging up to take on huge debts, using all their income to pay monthly mortgage payments, and finally being laid off due to old age or a bad market, forcing them to default on their mortgages.

When I did the math, I realized that all the money I'd paid over the years was interest. It's like all my hard work over the years was just going to work for the bank.

That's not the worst part. The worst part is buying an off-plan property, working for the bank for years, only to have the project abandoned.
Chen Mo's thinking was simple: use his influence and the occasion of the Other Shore Annual Meeting to persuade as many people as possible; as for those who wouldn't listen, he could only respect their fate.

This was also a simple, straightforward, and effective test, probing the reaction of the other track.

This can be considered a simplified version of testing the waters. After all, based on the investigation over this period, and after reviewing the preliminary conclusions drawn by the large model, Chen Mo felt that Evergrande was walking a tightrope between mountain peaks.
Chen Mo even admired Lao Xu a little; he was truly skilled and daring, a real daredevil!

The annual meeting of the other side thus came to a close, leaving competitors feeling "lonely" and employees and the public "thoughtful".

But one person was inspired by this: Chen Rui, the CEO of Bilibili.

After watching the unique "Internet Spring Festival Gala" held on the other side of the strait in the past two years, an idea sprouted in his mind:
The Spring Festival Gala is getting worse every year, causing countless viewers to complain. Why is the Other Shore Annual Meeting so popular? Because the programs they plan don't need to consider "suitable for all ages". They only need to appeal to the current post-80s and post-90s generations, since the earliest post-00s generation has just finished the college entrance examination and is at the age of studying.

Therefore, the programs at the annual meeting are all things that everyone likes to watch and enjoys. Most importantly, apart from the general principles and red lines that cannot be crossed, there is basically no review!
Actually, there was an internal Spring Festival Gala in the early years that was not open to the public. It just goes to show that things without restrictions are more exciting.
Following this model, could Bilibili also create an online Spring Festival Gala exclusively for young people?

(End of this chapter)