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Chapter 573 OKR

"If you want to invest, how many shares does Ruixiang want?"

Wang Xinwen thought for a while and decided not to express his position in a hurry.

"At least 51%, of course, if you agree, a higher percentage is fine."

The more Zhang Lan sees Lilith, the more she likes her. Even though she has an interesting name, she is also said to be very kind to her employees. This is very consistent with Ruixiang's philosophy on this point.

Of course, the most important thing is that the games developed by the other party are very suitable for overseas markets and will not conflict with Ruixiang. Instead, they can form business synergies in many aspects.

Wang Xinwen frowned at first, then relaxed and said with a smile: "This 51% share is too much. It is not an investment, but an acquisition."

Zhang Lan didn't go too far to explain, but talked about his own thoughts.

"Lilith is a very good game company, but if it wants to challenge Penguin and Pig Factory, it still lacks a lot of foundation.

By joining Ruixianghou, you will not only share all the resources of Ruixiang, including 1.5 billion monthly active users around the world, as well as massive traffic promotion resources.

For example, there is no need to worry about game development funds.

You can, like Supercell, devote yourself to research and development and produce good works, and as for operations and monetization, you don’t have to worry at all.”

Wang Xinwen heard it at this time. The other party wanted Lilith to become a studio under Ruixiang.

"Does Ruixiang want to be the next Penguin?" Wang Wenxin asked calmly.

"No, no, no," Zhang Lan waved her hand, "We are not going to be Penguin or Ahri. Ruixiang is Ruixiang. It is our stated goal to surpass these two companies."

Wang Xinwen opened his mouth, wanting to complain that the other party was too conceited, but thinking about it, Rui Xiang did have the qualifications and strength to say this.

This is the only company in China that started war with BATJ at the same time, and there is no other company.

There is also a US$30 billion Grab Group overseas, and it has also been competing with Facebook and Grab from time to time.

In some respects, such a company is no less than Penguin and Ahri.

As soon as Ruixiang is listed on the market, the name of ATR will be firmly established.

"Mr. Zhang, I thought about it and think it might be more suitable to invest."

Zhang Lan smiled slightly and did not answer the question. Instead, she quoted the price with a smile, "Our valuation of Lilith is 15 billion yuan."

Wang Xinwen stopped talking now. He knew very well what this price meant.

Century Huatong acquired Shanda Games at a price of 29.8 billion yuan.

The market value of Sanqi Interactive Entertainment is 20 billion, and that of Perfect World and Giant Network is 35-40 billion.

The transaction consideration of 15 billion yuan has caught up with the market value of Youzu Networks and Kunlun Technology.

Zhang Lan picked up the coffee on the table and took a sip, observing Wang Xinwen's expression calmly.

The latter was silent for a few seconds before speaking: "Mr. Zhang, thank you for your love. I already have feelings for this company and will not sell it easily."

Zhang Lan put on a faint smile, why are you pretending to me? You have feelings and you still hesitated for several seconds.

"16 billion, if you want cash or Ruixiang stocks, we can satisfy you."

Before Zhang Lan came, he had obtained full authorization from Zhang Yida.

When Zhang Yida heard that it was Lilith, he directly approved a 20 billion yuan authorization for her, and the acquisition could be completed within this price.

If he hadn't been busy with preparations for the final launch of "Feishu Interactive", Zhang Yida would have wanted to do it himself.

At present, Lilith has not fully exploded yet, but Zhang Yida has some impression that this company will begin to reach its peak next year and quickly become one of the top mobile game manufacturers going overseas.

Known as "China's Supercell, the world's Lilith", it is estimated that revenue in 2020 may exceed 20 billion yuan, which is the current level of Ruixiang Games: average, third in the country.

If Ruixiang's games can achieve revenue of 40 to 50 billion a year, then the second place position that Pig Factory has maintained for many years will be suspended.

Wang Xinwen felt the other party's courage to pressure people with money, and this added up to 10 small goals.

He was a little shaken in his heart. As long as he nodded, as the major shareholder, he could get nearly 5.3 billion in one go.

But then I thought about it, my own game company is not bad either, with a revenue of several billion a year and a net profit of several hundred million.

If you run the business slowly, you can make money.

The only difference is that one is a one-time payment, and the other is a part of the dividend every year.

Of course, we also need to consider the situation that the game we develop will be popular in the past two years and will no longer be popular after it is released in two years.

Why do so many game companies go public when they don't lack money? They all want to sell some stocks and avoid some risks.

"Mr. Zhang, I need to discuss it with the other two co-founders and shareholders before I can give you a specific answer."

Zhang Lan nodded and smiled, "Of course you can, don't worry."



Feishu Interactive, or Feishu for short, is what Lark, a subsidiary of Toutiao, will be renamed to in the future.

Zhang Yida thinks the name sounds good. Feishu means flying pigeon to pass the book, and it is homophonic with "speed". As an office management software, the name is very appropriate.

So as early as three years ago, he had registered the company name and logo.

At the same time, Ruixiang has also developed an office system internally.

After turning against Ali and Penguin, the group and its subsidiaries have completely stopped using DingTalk and Enterprise WeChat.

In Zhang Yida's words, you cannot bet on the character of your competitors.

Since many years ago, Ruixiang has launched a series of mergers and acquisitions and investments in the field of enterprise services.

Day and Evening Calendar, Graphite, Curtain, and Zoom respectively target schedule management, document collaboration, note-taking applications, and video conferencing scenarios in the field of enterprise services.

Another benefit of promoting enterprise office software is that it makes it easier to sell cloud computing services.

Ruixiang Cloud started late and has a weak foundation. It has always relied on the ecosystem of Ruixiang Group to provide services to upstream and downstream cooperative enterprises and customers.

But in the final analysis, the market share is still too small, and we have been trying to find ways to actively break through.

The functions of Feishu are not complicated. Currently, it only has instant messaging, smart calendar, cloud documents, cloud disk, smart robot, workbench, and OKR functions.

Instant messaging is similar to WeChat for business, you can have one-to-one private chats, and there are also groups.

But there are many differences. Feishu's pictures and text can be sent together, and there are urgent message reminders in emergencies. They are all designed to improve the efficiency of work communication.

The smart calendar is not just a simple function to check the date. It can check the busy status of colleagues, quickly send meeting invitations to colleagues or the entire group, quickly find free meeting rooms, etc.

Intelligent robots will automatically push various updates of integrated applications to group chats to help employees control multiple information in a timely manner, improve efficiency, and reduce repetitive work.

The workbench can connect to third-party ISV applications and the enterprise's existing systems.

Supports financial processes such as procurement, reimbursement, reserves, and payments; administrative processes such as item collection and seal application; and approval functions for personnel processes such as resignation and recruitment.

For programmers, daily tools can be developed on it.

If you want to earn OKR, you can also independently develop office applications to fully mobilize the enthusiasm of each employee.

The so-called OKR, whose Chinese name is "Objective and Key Results Method", was invented by Intel founder Andy Grove and is popular among Googlers. Facebook and LinkedIn are also using it.

Domestically, Qiandu, Huawei, and Toutiao are all using this approach.

The idea of ​​OKR is to first set goals, then clarify the results of the goals, then quantify the results, and finally assess the completion status.

The biggest difference from KPI is that one is bottom-up and the other is top-down.

The goals under the OKR system are proposed by individuals and then determined by the organization.

There are also prerequisites for implementing OKR, which are not applicable to all companies.

Employees must be proactive, creative, have high professional ethics and outstanding professional and technical abilities.

OKR and performance bonuses are not linked and are two sets of implementation mechanisms.

Silicon Valley companies regard OKR more as a way to realize employees' dreams and surpass themselves, and they no longer care about how much bonus incentives they can get.

In addition, the OKRs in these companies are operated based on a project system. This project system is not project management in the usual domestic sense.

This kind of project system is more in the form of a project company. When an idea is prototyped in the early stage, the company can evaluate it and start the project, and the company will incubate it.

Once the prototype is developed, it is possible to introduce venture capital, and then continue to iterate the product and continue to introduce various funds.

All the engineers who participated at the beginning will join as original shareholders, thus growing rapidly in the form of a company.

Eventually it will be listed or sold to a listed company and receive huge profits.

It can be regarded as incubating a business, but Ruixiang has not successfully incubated one yet.

This is indeed a bit embarrassing. Major companies are still starting their own businesses and do not have that much money to support their employees in incubating their businesses.

Therefore, employees are not so active in earning OKRs because they have not seen actual cases and seriously lack motivation.


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