Yao Jinbo 58 city is still in its infancy the next year out of the top 10% managers and managers
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original title: Yao Jinbo: 58 city is still in its infancy, can not be lax, the next year, the elimination of 10% of managers and managers of
this is the 58 city Yao Jinbo in May 22nd after the first quarter earnings report issued by the internal letter. Yao Jinbo in the letter about the following points.
58 city status and strategy
58 city is still at a very early stage of a very long runway, will increase investment, will be in the market, products, especially wireless products, services and other aspects of the network more radical investment. We make this strategy is not to give any chance to the opponent.
58 city’s future: revolution, elimination, incentive
revolution, 58 city will put Chen Xiaohua in the position of chief strategy officer, responsible for new business and investment, hoping that if what we can out of the old revolutionary business, we hope this thing is that we do it.
out, some people relax down. This is a very very dangerous signal, will take a specific action is: the next year we will take the initiative to eliminate 10% of executives and managers.
incentives, the company will continue to expand the incentives for employees, options to these resources to the core of the core staff!
Yao Jinbo believes that Internet business will continue for 10 years, will create a qianyiji "Internet plus" company, 58 city as long as the return to the user, providing excellent products needed by people, you will succeed.
is the internal letter full text
58 of your classmates:
we just released first quarter earnings, we should see the annual growth of our revenue continues to maintain 3 digit years, but more of a surprise is monthly unique users of our site /MUV for the first time exceeded 200 million. But the basic judgment of our management is: 58 the city still in a very early stage of a long runway, based on this judgment, we in the earnings conference call and then clear the company will increase the input signal, we will be in the market, especially for more aggressive investment in wireless products, services and other aspects of the network. From the sharp fluctuations in the stock price over the past few days can be seen, the market has received this signal, these are what we expect will happen. We made this decision by all directors and long-term support of the fund, we can analyze our open market top ten shareholders see, are long-term funds continued holdings, the way they choose to pursue long-term support of our company growth, the pursuit of maximizing the growth of company security and profit the. Another consideration for our strategy is not to give any chance to the opponent.
recently, we have seen the rise of a number of new businesses, in some segments of the industry, we are in the business impact of innovation, >