Decentralization of Tencent
A vigorous "blockchain movement" is sweeping like a wave, threatening everyone around. From last year to this year, the debate over blockchain has never stopped. Is blockchain, as its advocate Chen Weixing said, the "spring of mankind", the "antidote to the global economic collapse", or as his doubter Zhu Xiaohu said, "blockchain is a fake outlet, and there is nothing left except currency speculation"
we think that this instry needs standards, otherwise we will talk about blockchain for a long time, and the concept of talking is not the same, and even some enterprises claim to make their own blockchain, and they just change the database. With the authoritative standard of trusted blockchain, we can screen out the enterprises that obviously sell dog meat, and let the enterprises that really do blockchain technology get endorsement
Ce: how does Tencent solve the problem of talent scarcity in the blockchain field
CAI Yige: our technical talents are basically transformed from Tencent. The blockchain instry is very new, and few people have done blockchain. Just like the arrival of mobile network in those years, it's very difficult for you to recruit Android and IOS developers. We all cultivate ourselves
Bubugao, a famous company invested by Tencent, is a commercial chain Co., Ltd. Founded in Xiangtan, Hunan Province in March 1995, it mainly involves retail trade, e-commerce, commercial real estate, Internet finance, logistics and transportation, and was listed on Shenzhen Stock Exchange in 2008
although this Bubugao brand is not as loud as Duan Yongping's Bubugao brand, it can not be underestimated
According to the data disclosed by the government, so far, Bubugao group has 592 multi format physical stores in Hunan, Jiangxi, Sichuan, Chongqing, Guangxi, Yunnan and other provinces and cities Moreover, according to the market share data provided by the Kai consumer index, Bubugao is the ninth largest retailer in the Chinese market. Bubugao's market share in the first three quarters of 2017 reached 1.2%in the last trading day before the suspension, the market value of Bubugao (SZ: 002251) is 16.4 billion
in the new retail battlefield, Alibaba Tencent's opoly is constantly racing to encircle the market. In this way, Bubugao is still a good target. In terms of volume, it is much larger than Sanjiang shopping and Xinhua, which Alibaba took a stake in before
however, as a traditional retail instry, the transformation of e-commerce has not been very smooth. The cloud monkey global shopping network, an e-commerce platform built by the special group, spent a lot of money and manpower, was closed on the last day of 2017, lacking Internet gene, and the online weakness can be seen
this also contributed to the cooperation with Tencent
According to the announcement released by Bubugao on February 3, the strategic cooperation framework agreement has been signed with Tencent. The agreement mainly focuses on three aspects:the official statement is rather awkward. In Werther's view:
1: exploring the new value chain of "smart retail", to put it bluntly, his own cloud monkey has not done it, Now, with Tencent on the thigh, we need to start a new set. The so-called whole life cycle still depends on online, improving the membership mechanism, constantly issuing coupons, and engaging in activities. After all, the traditional offline publicity can only radiate to store customers. With the online membership system, it will be different
2: to build new capabilities, this is to be enabled through Tencent's social network. After all, wechat has 980 million monthly live users, and QQ has 843 million monthly live users. In particular, Zhang Xiaolong mentioned in the wechat open class at the end of last year that small programs are born for offline, and it is obvious that wechat is going to enable offline
3: with regard to digital operation, this is actually the digital drive mentioned by Ali when it defined new retail. However, it is still a big project to realize thousands of people and thousands of areas. Whether it is probe technology or behavior capture, it is estimated that it will take three or five years to complete so many engineering transformations; In addition, the cost of this proct is not small, such as HEMA Xiansheng, a store with only an electronic price tag will cost $1 million
If 2017 is the first year of the new retail instry, with the outbreak of various new retail formats, such as Ali box horse fresh, Yonghui super species, Jingdong 7fresh, meituan's palm fish fresh, Suning's su fresh, and so on, then 2018 is the time for new retail players to stand up and divide the worldin the past, there was Longzhong, dingxichuan could divide the world into three parts, but now it is very suitable for Tencent
from Tencent's share in Yonghui to Yonghui's share in Hongqi chain, the share is increasing step by step. On the one hand, we can see Tencent's hunger and crazy layout in the new retail field. On the other hand, we can also find that Tencent has used the encirclement and suppression tactics in the specific fighting methods
Yonghui has set up in Fujian and has a firm foothold in its base camp. The group has made clear the strategy of Southwest China to enter Sichuanwith Yonghui as a shareholder, the headquarters of Hongqi chain, which is included in Tencent's camp, is in Sichuan, and Chongqing has the highest number of Hongqi chain stores
today's pace is high. Back in Hunan, we can find that Tencent is graally encircling Ali in real time, avoiding confrontation with Ali's well-established Yangtze River Delta economic zone. Instead, Tencent is going through the Pearl River Delta, then transiting to the southwest, making a deep layout in Central China, and then competing with ALI for the northern market
centralization vs decentralization
although the new retail opoly pattern has initially taken shape, for example, HEMA, Sanjiang shopping, Yintai, RT mart, etc. belong to the Ali department, while Yonghui, Carrefour, Bubugao, etc. belong to the Tencent department, Wanda has both, and Jingdong has bundled Wal Mart
However, there is still a big difference between Alibaba and Tencent in specific practicesAli's approach is centralization. Through the incorporation of younger brothers, every acquisition is a big deal. It is necessary for major shareholders, such as 22.4 billion yuan, to acquire Gaoxin retail, accounting for 36% of the shares; Tencent, on the other hand, is decentralized. The amount of shares invested in each time is not very high, accounting for about 5% of the shares. It is empowered through its own social network
at present, the cooperation between Alibaba and Tencent and these offline entities has just reached the stage of capital investment, and it is difficult to determine the final result of empowerment and transformation. But in Vitter's view, it seems that centralized and unified management is more suitable for the new retail instry
if we look at two or three years ago, traditional supermarkets and Internet practitioners belong to two different instries. If we want to integrate the two teams belonging to different instries, it is inevitable that there will be a collision between them
taking HEMA Xiansheng as an example, in April 2016, the first HEMA Xiansheng Jinqiao store opened, and the second Dacheng store opened, which took nearly a year. During this period, there were many problems, such as senior management turnover, internal factional disputes, and even business differences. In the second half of 2017, HEMA Xiansheng, who has completed the running in of the team, opened more than a dozen stores and entered the rapid replication mode
in the centralized management mode, HEMA Xiansheng still has such a problem, so the decentralized Tencent style empowerment may take more time
Ma Huateng talked about competition: Tencent only does 2.5 business, social networking, digital content and Internet +

Ma Huateng also said that Tencent's five or six year strategy is to do "2.5" business, the first is to do communication and social networking, second is to make digital content, the remaining half of the business refers to Internet plus . "Half" is not mature yet; It also means that these fields are not completely controlled by Tencent, and the other half of its life depends on other partners in the ecology. In o2o, transportation, e-commerce, search engine and other related fields, the positioning of Tencent team is support, empowerment rather than competition
Ma Huateng also said that Tencent is promoting decentralized empowerment. " We won't let you rent a counter here to do business. Instead, you build the house yourself. After the house is built, it will be yours, and your fans and customers will be yours. You don't need to pay the monthly rent and increase the price every year. This is decentralization. "
Recently, it has been reported that the pace of double 11 is approaching, and the e-commerce platform's "preparation" strategy for the next year's most important national shopping festival has graally surfaced
on October 17, Jingdong group held the launch conference of "Jingdong retail innovation strategy and 11.11 global good things Festival" in Beijing. In addition to launching China's first online and offline integrated unbounded retail solution for brands, Jingdong group also created many black technology procts with "nobody" as the core keyword for consumers, and comprehensively promoted this year's double 11 game to a new height
it is more worth mentioning that the "Jingteng unbounded retail" solution will also be committed to realizing the output of wechat applet + Jingdong retail technology molarization, continuously optimizing the decentralized mobile Internet business experience, realizing the deep integration of brand side, Jingdong and Tencent, and creating a real-time rights and interests exchange, full scene promotion Complete closed loop of the whole platform transaction
The vice president of Tencent is always Zhang Xiaolong
Zhang Xiaolong, born in Dongkou County, Shaoyang City, Hunan Province on December 3, 1969, is the founder of Foxmail, the founder of wechat and the senior vice president of Tencent
Zhang Xiaolong graated from the Department of telecommunications of Huazhong University of science and technology with bachelor's degree and master's degree respectively. He developed Foxmail, a domestic e-mail client, and developed Tencent wechat after joining Tencent. He was praised as the "father of wechat" and "2012 Chinese innovative figure" by the Wall Street Journal
mainly responsible for the management of Tencent's Guangzhou R & D department, and participate in the management and evaluation of Tencent's major innovation projects
extended information:
as the founder of wechat, Zhang Xiaolong is known as the father of wechat, but he is low-key and rarely appears in public. Ma Huateng's evaluation of him is that he "learned Internet thinking: from heavy to light"
Zhang Xiaolong recently elaborated eight principles for the future development of wechat. He said that wechat is an open platform dedicated to providing users with valuable services to help people eliminate geographical restrictions and intermediaries. Wechat should build a decentralized and dynamic ecosystem
Zhang Xiaolong especially used a metaphor to emphasize the openness of wechat, "we hope to build a forest instead of a palace of our own. We hope to cultivate an environment in which all animals and plants can grow freely in the forest instead of us building it."
After 18 years of leapfrog development, Tencent has become the company with the highest market value in Asia, with a total market value of HK $2 trillion and a total return of an astonishing 19801%. Ma Huateng also ranks 12th in the "2016 global 50 Greatest Leaders" list published by fortune, becoming the only Chinese business leader on the list. So, what makes Tencent successful? What experience does founder Ma Huateng have for us to learn
(1) being a nanny and not being a housekeeper; Let "a big tree" become "a forest" When Tencent was founded 19 years ago, it was a very small company. In order to support our first 2C (for consumers) proct QQ, we even needed to take on some 2B (for enterprises) small businesses at that time. However, from the first day, our founders have attached great importance to the needs and experience of users. At that time, we thought about users day and night. Whether we heard a little complaint from users or the response from the network, we didn't have to say anything at all. We would spontaneously make adjustments and improvements. I think it's a very good idea to start from the user value. Although it has been a long time since the start-up stage, we can see that our company's procts still retain this strong user-oriented quality as a whole. We will feel very uncomfortable with any dissatisfaction or delay of users. I think this is an important reason why Tencent can go so far Another important reason for Tencent's success may be our open strategy. Tencent used to be like an octopus, doing everything. In the past few years, we have graally returned to our core business, focusing on connection, focusing on the internal core business called "two and a half": one is social platform, one is digital content, and the other half is developing financial business. All areas beyond the core business are handed over to partners in all walks of life. I like the expression "half life"“ "Half life" means that we need to trust and support each other, and we basically don't lead and hold shares, but try to be helpers to let them grow into independent companies and platforms. This "decentralized" opening strategy has turned "a big tree" into "a forest". Now it seems that this is an important reason why Tencent can grow so big[2] the future is unimaginable. If you focus on your special field, miracles will happen
from college to work, I started to support myself by writing code. I'm a typical programmer. At that time, I wanted to be a proct more than a company or a leader. Even my parents didn't expect that I could still start a company as a nerd. Now think about it. If I had started a company by myself, I would not have gone far. I think the first step to go right at that time was to find some partners who could make up for my shortcomings
in our earliest entrepreneurial team, four of them are my classmates from high school or university. They all know the root and the bottom, and they are very complementary to each other. For example, I'm good at procts. I know what I want and how to achieve it. I think about it clearly; Zhang Zhidong (the former chief technology officer of Tencent) is a student bully with strong technical ability; Chen Yidan (the former chief executive officer of Tencent) came out of the government department. Although he is not technically strong, he is good at forming a team and has great experience in administration, law and government reception. Because we are not all rounders, we need to complement each other. This also brings about Tencent's more democratic style. If we discuss something together, there is no "one talk" situation
later, the style of Tencent was the same. It was more democratic and diversified, and let different voices come out. I think this is a good thing. Yes, it's still better at the critical moment. For example, it doesn't make sense. We have to do it. Now, this style helps us to avoid the situation of being alone, and also enables many talents who join in the middle of the way to grow up in the company with the mentality of the founder. Tencent now has a thick echelon of high-level and middle-level talents, which has a certain relationship with the early formation
[3]: starting a business requires a group of people to complement each other's strengths and weaknesses. Don't go it alone
if you want to start a business, you'd better not do it alone. We should give full play to our strengths and find partners to do it together, so as to make up for our shortcomings. In this process, we should respect each other's different voices and seek complementarity and consensus. This is especially true after the development of enterprises. In order to maintain an open and cooperative attitude and find partners to develop together, it is difficult for a lonely tree to become a forest. Only by focusing on its own advantages and giving others to partners can we really make the business ecological and gain more development space
innovation starts from solving users' pain points. Innovating for the sake of innovation is easy to transform the work. Sometimes it's more effective to take a quick step and focus on solving a user's pain point. A lot of innovation is often bottom-up, always at the edge of the unexpected place. Companies often need some rendancy, tolerate failure, allow moderate waste, and encourage internal competition and trial and error. Innovation often means great uncertainty. It is difficult to obtain real innovation without creating various possibilities
pay attention to crossover. It's very difficult to enter a mature instry and challenge the original enterprises, because the instry is heavily guarded. It's a red sea, but the junction and cross-border part of the two red seas may be a blue sea. Just like I chose to do QQ in the cross-border field of Internet and traditional communication, few people were optimistic about it at that time, But now it's actually a huge blue ocean. Future innovation and transformation of many traditional instries may often be carried out through cross-border. Many instries are not immutable. If we seize the opportunity, it will be a good direction for entrepreneurship
[4] wechat is developed based on the prototype of fast SMS
there was a big background at that time, which was the transformation from PC Internet to mobile Internet. For Tencent, a big problem to be solved at that time was how to play from PC to mobile. At that time, we said that everyone wanted to grab the "tickets" of the mobile era for fear that they would fall behind and not be able to catch the ship. Because the migration of users to smart phones is very amazing. I remember that Nokia's market share was 70% and 80% in the previous year, but it fell down one year later and was quickly replaced by Android and apple. Internet companies can only survive if they react, but die if they don't. this is a real critical moment
more importantly, Sina Weibo was up at that time, and even began to shift from social media to social networks. For example, some schools use Weibo to communicate between classes, which is a real challenge for us. The first reaction at that time was that we should also do microblogging. But it's very difficult. The same proct can't beat the opponent. You can only solve this problem by finding a different angle to break through and meet the needs of mobile communication on smart phones
at that time, we had three internal teams sign up to make this proct called "wechat", and they didn't tell each other the progress of R & D. This includes the team of the wireless business group at that time, as well as the team of Zhang Xiaolong. Zhang Xiaolong, they were responsible for QQ email before. At that time, the company's executives used blackberries to collect mobile e-mail. This team was responsible for developing a mobile e-mail, with the original intention of making it easy for every employee to use mobile e-mail. Because they have this experience, they later joined the wechat project. The team quickly developed a new proct. Today's wechat is actually based on the prototype of fast SMS
after wechat came out, it iterated continuously and launched many innovative functions, such as voice, "people nearby", "shake" and so on. At the same time, it makes the interface and operation very simple and clear, and the user experience is very good. After wechat's strong endogenous growth ability is shown, we also import QQ user relationship chain, which makes it gain more rapid user growth. In fact, wechat also had a very fierce competition with other competitors, such as michiao, Yixin, etc., and finally got a firm foothold in the field of mobile IM (Intelligent Manufacturing) and got a valuable "ticket"
[5] good internal competition mechanism gives the team the opportunity to try and make mistakes
in fact, this is also the experience we have slowly explored and summed up. Some benign internal competition is very necessary. Only by "beating" ourselves can we work harder and not lose some big strategic opportunities. Because if you don't do it, there will always be people in this instry who will come forward and make a proct to seize the opportunity. Because wechat stands out from the internal competition, it is strong enough to stand up in the external competition
our experience is that we often need some rendancy within the company, tolerate failure, allow moderate waste, and encourage internal competition and trial and error. Innovation often means great uncertainty. Without creating various possibilities, it is difficult to obtain real innovation. Sometimes, innovation for innovation will make the innovation action change
we have also gone through a detour. In the past, we set up a research and development center, and we really said that you would do innovation. As a result, we found that what we did was repetitive proct work, and we didn't do real innovation. When we look back afterwards, many innovative points are not that we set up an innovation department. You can make innovation only by doing innovation. Do other departments not innovate? The reality is not like this. A lot of innovations are often bottom-up and always appear on the edge. For example, wechat was not born in the mature wireless business. Instead, it was born in Guangzhou R & D center, which used to be a mailbox. This year, we have a game that is very popular with users, called "King glory", which is made by Cheng team which is not very popular. If an enterprise is completely top-down and says it is optimistic about which way to go, it is often lifeless and rigid, especially in the instry where the Internet is changing very fast
[6] the combination of top-down and bottom-up, mature business and new business
I like a metaphor called "brothers climb the mountain". We try to see who runs to the top of the mountain first. Because it's a bit like the way we compete internally. In the trial and error stage, in principle, everyone is encouraged to try, as mentioned in the bottom-up approach. There is an objective criterion for judging the trial and error results, that is, users and the market has the final say. Of course, Tencent is often a combination of bottom-up and top-down. For mature businesses, we adopt a more robust management approach, but for emerging fuzzy areas, we need to encourage bottom-up trial and error. Once the emerging business is mature, it can not be completely out of control. We will help the immature business through the mature business. For example, once wechat takes shape, Tencent will support wechat with the strength of the whole company, including the core QQ relationship chain, various marketing resources, and the linkage with other procts and businesses of the company
[7] all things are based on the value of users, and repeatedly emphasize the guidance of usersopen source collaboration: in order to break the internal barriers, Tencent has a very deep thinking on open source collaboration at the group decision-making level; Lu Shan, senior executive vice president of Tencent and President of Technology Engineering Group, said: to propose open source collaboration is to use open source to improve the problems of poor collaboration in the past. Referring to the organization mode of open source community, different technical teams of similar projects are gathered together to build open source. Of course, it's good to be able to cooperate, but it's also good to exchange what you need if you can't. open source is honest with each other and accepts users' natural selection. From the perspective of Tencent technology development, open source collaboration is also a natural result
Open Source: predecessors plant trees, descendants enjoy the cool
in this regard, Tencent said that if a project wants to open source, it must first "test water" in the internal open source, enter the selection mechanism, combine with objective data and expert evaluation, and reach the level of excellent project before it can open source; In addition, we should also consider the factors of the instry. If there are not many similar procts in the instry, open source is more valuable however, not all open source projects need high technology content, because few enterprises or users can reach that level. Therefore, versatility is also a key consideration
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Yafu will not be turned off. But it may lock the mainland IP and force you to play the TX version

