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

Chapter 992 The more you earn, the more you spend.

"PonyPony?"

Little Ma came to his senses and saw Chen Mo waving at him: "What are you thinking about? It's your turn to choose."

Ultimately, Tencent chose those iconic UFO-shaped buildings.

Xiao Ma silently accepted the change in identity from a potential homeowner to a company moving in.

Chen Mo surveyed the crowd, his confident demeanor more like a statement of fact than a prospective outlook:
"Future Science and Technology Island will create a complete industrial ecosystem."

Through resource sharing and technological collaboration, you can reduce costs by at least 30%, and innovation efficiency will reach an unprecedented high.

This is not only your workplace, but also a technological innovation hub driving the comprehensive upgrading of high-tech industries.

As the sun sets, tower cranes operate smoothly on the construction site, and the building complex begins to take shape.

The tech giants present have already begun to consider and plan how to integrate their businesses with the island.

They understand that the island offers not only space, but also a combination of favorable timing, location, and human factors, providing a winning business opportunity for the future.

The Spring Festival holiday has come to an end in the blink of an eye, and those who use two tanks of gas a year are starting their return journey, marking the time when the highways will be red again.

At an altitude of 10,000 meters, Chen Mo's private plane was carrying the team from the other side back to Beijing.

Looking out the window at the seemingly calm yet turbulent thick clouds, Chen Mo fell into deep thought.

Initially, he planned that if the cooperation with Lao Ren was successful, he wouldn't mind bringing him to the island as well, and leaving a few buildings for Hua Wei as well, which might become a legendary story in the future.

Unfortunately, things didn't go as planned, and we had to give up.

Currently, these tech companies from the Beyond Network have occupied nearly half of the Future Tech Island area, and the rest will be open to emerging tech companies such as Unitree.

After all, the entrance fee to the island is quite expensive, and not everyone is eligible.

However, the rent he charged as landlord was still very cheap.
This trip not only helped them understand Huawei's attitude and solidify their relationships with several tech giants in the south, but also deepened their cooperation to jointly face the more challenging situation ahead, and they also made some investments in projects.

Furthermore, this future technology island allows the entire island to have a dual-active, remote location and a dual-center, north-south dual-backup structure.

This trip was very fruitful.

And so, Chen Mo spent what could be described as a 'sudden and hurried' Spring Festival.

On the first day after the holiday, the holiday, which was supposed to last until the Lantern Festival, came to an end early, and all employees of Beyond Pictures ended their Spring Festival holiday early for the first time.

However, the group's human resources department will convert the shortened holiday days into paid annual leave compensation for employees.

Fortunately, everyone understands that the unexpected events that occurred on the other side of the strait before the Lunar New Year had a certain impact on the group.

As is customary, after handing out red envelopes to employees in the main lobby with a group of senior executives, Chen Mo immediately plunged into his busy work.

Despite Lu Qi sharing most of the workload, his schedule remained packed after the Lunar New Year.

He attended numerous meetings and offered policy recommendations, including a progress report on the TikTok "American-style psychological impact" project assigned to Zhang Yiming and Zhou Shouzi before the holiday; he then signed financial settlement documents and handled various key decisions...

During the break, he glanced at the group's accounts.

Statistical charts show that since 2017, with the arrival of the mobile internet boom, the group's business has also experienced explosive growth, developing at an annual growth rate of 50%.

Besides games, cloud computing, and investment returns, the bulk of the revenue comes from cultural and creative products, which have demonstrated enormous potential through collaborations with numerous hit IPs from novels, animations, games, and films. Figurines, trading cards, building blocks, and other cultural and creative merchandise, driven by Douyin's traffic, have already contributed tens of billions of yuan in revenue, and are far from reaching their ceiling. If these were greedy capitalists, with such terrifying profitability, accumulating trillions of yuan in assets would be effortless.

However, in the eyes of the public and even internal employees, the cash on hand has always been only a few tens of billions.

Despite the gradual increase in revenue each year, which may create a false impression and give the outside world the illusion that "cash flow is at least trillions", the growth curve of cash flow is not completely synchronized with revenue.

The reason is that the more they earn on the other side, the more they spend. Investment, research, and operations (including employee salaries, servers, and bandwidth) – just supporting these three "money-devouring beasts" consumes seven or eight tenths of their income.

The remaining portion is used for dividends to management and shareholders.

The fact that he was able to retain these savings was the result of his careful budgeting and strict control over spending.

Even so, last year's surplus still reached a new high, with a single-year retention of 2000 billion yuan. Combined with previous accumulations, the total cash flow has now reached 5600 billion yuan.

Currently, the Beyond Group has approximately 150,000 employees both domestically and internationally, with salary expenditures alone reaching 150 billion yuan, averaging around one million yuan per person per year.

Even if the group were to operate at zero profit, this amount of money would be enough to support the entire system for three years.

This is precisely the embodiment of the "high salary to attract talent" strategy that Chen Mo established at the beginning of founding Beyond.

Through years of practice, he has found that when employees gradually solve their basic living needs such as housing and cars and are no longer troubled by the pressure of survival, the creativity and self-motivation they unleash far exceed expectations.

Despite strictly enforcing labor laws and never taking pride in overtime, the efficiency of its product development and the quality of its output have always been ahead of those competitors who rely on the "996" work schedule.

We should be able to work and live with ease and composure, instead of rushing and stumbling into a state of intense competition.

High salaries not only retain talent, but also motivate them.

As it turns out, this path is entirely feasible.

According to Chen Mo's knowledge, if only cash flow is considered, among today's Chinese internet technology companies:
The former BAT group had Alibaba with a market capitalization of nearly 2000 billion, Tencent with about 1500 billion, and Baidu with around 1000 billion.
Xiaomi's long-term strategy of "keeping hardware profits below 5%" has resulted in a severe mismatch between cash flow and revenue, with only 500 billion yuan in cash.
JD.com has finally paid off the debts it incurred in building smart warehousing for its nationwide "buy, buy, buy" campaign, and has accumulated a fortune of 300 billion yuan.

Overall, the industry's cash reserves are roughly as described.

On the other side, it remains the undisputed king of cash flow in China.

As for Chen Mo, he doesn't actually have a high desire to consume. When it comes to food, clothing, housing, and transportation, he doesn't spend much money at all.

So, not counting those overseas gray market accounts, he currently has a modest balance of 10 billion in his personal bank account, which is enough to live on.

In fact, this amount is less than 1% of the group's shares, which he owns more than half of. He is even more restrained than Lao Ren.
Night falls, and lights shine in every home.

Chen Mo had just returned to his office when Qi Mengmeng came over to report on the problems Wenchuang was facing, which involved piracy.

Piracy has always existed, but its scale was limited before, so Qi Mengmeng didn't pay much attention to it.

However, since the movie "Ne Zha" became a hit last month, pirated merchandise has also become a hot commodity.

Many consumers find it difficult to distinguish between genuine and counterfeit products, and end up buying poorly made and of questionable quality counterfeits at prices close to the originals.

Qi Mengmeng's search on multiple e-commerce platforms revealed that nearly a hundred stores are openly selling counterfeit "Nezha" merchandise without official authorization.

Among them, acrylic pendants, spring rocking toys, badges and phone cases designed with the images of Nezha and Ao Bing have become the hardest hit by piracy.

Behind the box office success of "Ne Zha" lies a silent battle between legitimate and pirated merchandise.

(End of this chapter)