Earlier, overseas media reports reported that ma yun, founder of ali baba, with $21. 8 billion in net assets, became china's richest man, followed by ma zhenteng and li ying hong, founders of tsang and 100 degrees。
Behind the top three of the bat’s wealth list is more a living example of a graduate poor student, a hard-working programmer, and finally a listed rich man, a second-time entrepreneur, both as a microcosm of china’s it industry’s “rich-making movement” in recent years, and as a picture of china’s internet enterprise’s success。
According to many industry bosses, china is the country most likely to catch up with the united states on the internet with a large and independent market. In terms of talent, this can be seen not only in the news of the occasional digging of the silicon valley, but also in the rising revenues of top management。
More equity incentives
When i read, i didn't even have the courage to talk to the goddess, i went into a company to write code after graduation, i worked overtime and slept on a grilled floor, and suddenly the company went to the united states and became a billionaire with what was called a "prospective"。
Since the rise of china’s major internet companies at the beginning of the century, such stories have often come from real people’s realities, and it is even less unusual to change their name into a leading actor in popular web fiction。
By way of example, in late last year's listing in nasdaq, according to the ceo's edict, all employees who had worked at the company for more than a year would have acquired stock options, and there were currently 1,000 active and former employees holding shares; the stock price awarded to employees in recent years was 1 cent, so it is calculated on the basis of where the current share price (over $30/equity) was, if an employee had been holding 100 shares at $1 at that time, the market value would have exceeded $3,000。
Historic data show that in 2005, 800 billionaires, 50 millionaires and 240 millionaires landed on the nasdaq exchange, while the total number of employees at the time was 750; and in 2007, ali baba was listed in hong kong and “volume production” of 1,000 millionaires。
Many of the above-mentioned “rich-making movements” are realized through options, which are typical models of equity incentives. Indeed, like their american counterparts, chinese internet companies are used to using equity incentives to provide long-term incentives to employees. Today, the vast majority of internet companies choose to be listed abroad, and in the context of the differences in financial statements, their executives have limited open remuneration, but such listed companies share common features: employees enjoy high benefits, while most hold corporate equity。
In the recent past, there have been huge equity incentives for their staff, both in the news and in the large network. As stated in the announcement, approximately 1,952 million new shares will be distributed for staff incentives, at the latest stock prices, for a total value of approximately rmb 1. 9 billion, from which the number of employees will benefit has reached 4997, with an average of rmb 380,000 per person; while chen tianhashi, founder of the sing big network, has chosen to give a one-off stake of rmb 100 million to each of the g-8 producers of the sing big game corporation, which is one of the largest equity incentives in chinese enterprises。
Equity incentives have also been a common practice for such medium-size shares as kyoto, fusion of beauty and monolithics in the united states. Public data show that in 2013, the incentive costs for the kyodong, the luxuries and the guilders accounted for 3. 8 per cent, 16. 5 per cent and 3. 1 per cent of their gross profits, respectively, while in 2011, the guilders ' incentive costs were as high as $440 million, or 171 per cent of the company's gross profits。
Pax romana securities analyst zhang xuan stated that internet companies did prefer equity incentives for employees, a practice that began at the start of many internet companies in silicon valley, followed largely by domestic internet companies, and that after companies were listed, many employees shared the fruits of corporate development。
In addition to equity incentives, the end-of-year awards for internet companies also outperformed other enterprises. The average internet company has an end-of-year bonus of 2 to 4 months' salary, while internet companies are more likely to write about end-of-year awards for good employees or executives: in the case of tiger 360, its year-end awards for 2013 for good employees or executives included a limo, gold bars, a million-dollar team award and a $500,000 equity award。
In terms of remuneration, the 2013 industry-wide corporate reward study, published by the human resources advisory body, showed that the internet industry had the highest pay increase of 10. 2 per cent in many industries in 2013, while automobile finance and consumer goods had two or three breakdowns of 10. 0 per cent and 9. 55 per cent, respectively。
For example, in the 2013 annual report, the current chairman of the board of directors, jia hongting, received a remuneration of $600,000 in 2013 and the deputy general manager, liang, received a maximum of $1. 16 million. Based on calculations, the average remuneration received by the current executives of the network in 2013 amounted to $498,000, similar to the $6,136 received by the bank of commerce and industry。
At the same time, for internet companies, the main remuneration of executives tends to come from equity incentive schemes rather than simple remuneration, combined with the high growth value of internet companies, which leads to rising pay levels for internet workers, even in comparison with traditional high-paying industries such as finance。
Frequently digging for brain silica
In terms of welfare benefits alone, internet companies have been successful in “reverseing” the traditional high-paying industries, reflecting their “sweetness”。
In recent years, chinese internet companies have frequently reached out to high-end skilled people abroad。
On 16 may this year, dr. U nda, one of the most authoritative scholars in the field of artificial intelligence, officially joined as the chief scientist of 100 degrees, who will lead the entire institute。
As one of the world's leading scholars in the field of artificial intelligence, u nda led the google brain artificial intelligence project and later joined others in creating the online educational start-up company coursera. This chinese american is called "the father of google brain," "professor x behind google brain."。
Uniquely, hugo bara, vice-president for andre products in google, formally joined mi in october 2013, serving as vice-president for mi and responsible for its international outreach。
In may 2013, idr was established in silicon valley. Xu wei, former senior researcher at the neclab, former senior scientist at the hewlett-packard laboratory in the united states, and u lian, chief researcher at the cuda research centre, joined the 100-degree idl branch。
These poignant technologists are often given the colour to internationalize chinese internet enterprises. It is perhaps more important to be willing to join chinese enterprises than to be paid more, that powerful chinese internet firms have some of the qualities of “global influence.”。
For example, prior to the signing of the rice union, hugo bara recalled to the media that “i was very curious about the quality and level of innovation of their products during google, so i often visited them in beijing. Since then, they have started producing mobile phones, and i have begun to come back to google with the mobile phones they have developed.”
He even said, “even if the start-up company was developing a fork, it was definitely a fork.”
For his part, u nda believes that he can help to develop basic technologies that truly change the world in areas such as artificial intelligence。
With the introduction of outstanding talent from abroad and the proliferation of indigenous it talent, china’s internet companies are now working on the global market to demonstrate the dynamism of american firms。
The founder of the chinict (technology star) campaign in china, fankner, indicated that developments in the internet industry have varied considerably over the past few years, with hot spots being electricians, social media, games, etc。
Show the rest of the previous page 12 next page on this page
