Hurun 2007 China IT Rich List Top 10

2007 Top　　Name　　Wealth(100 million yuan)　　Companies　　Industry　　

1　　Li Yanhong　　180　　Baidu　　Search engine

2　　Shi Yuzhu　　135　　Giant Investments　　Online games, Pharmaceuticals, finance

3　　Ma Huateng　　120　　Tencent　　Instant messaging, Online games

4　　Chen Tianqiao　　100　　Shanda　　Online games

5　　Ding Lei　　80　　Netease　　Web portal, online games

6　　Dai Weili　　60　　Marvell　　IT

7　　Zhou Guohui　　55　　Eternal Asia　　Supply Chain Management

8　　Ma Yun　　50　　Alibaba　　E-marketplace, online auction

9　　Jiang Xipei　　48　　Jiangsu Far East Group　　Cabling

9　　Pan Zhengmin & wife　　48　　AAC Acoustic Technologies　　Acoustic Technology

Source: hurun.net Oct. 22, 2007

Link:
Li Yanhong: Hurun 2007 China IT Rich List Top
Hurun 2007 China IT Rich List Top 10

Li Yanhong: Hurun 2007 China IT Rich List Top

October 22 afternoon, the Hurun 2007 China IT Rich List officially announced, Li Yanhong to 18 billion yuan into IT's richest man.

List showed that this year 50 IT Regal's total wealth is 180.4 billion yuan, with an average wealth of 3.6 billion yuan. Li Yanhong to Fortune 18 billion yuan into IT's richest man. Last year's richest man Ding Lei IT while wealth 8 billion ranked fifth. IT richest man in 1998 while Chen Tianqiao wealth 10 billion yuan ranked fourth.

It is reported that this year is Hurun China Rich List fifth release "IT rich list." Hurun China Rich List from 2003, starting "Hurun China IT Rich List," the same year, China is the richest man in the IT industry Ding Lei. So far, the IT industry has experienced three basic development climax: In the late 1990's, IT business tycoons have, one after another, representatives include Ding Lei, Zhang Chaoyang, Chen Tianqiao, etc.; 2000, Ding Lei of Netease, Zhang Chaoyang Sohu's Nasdaq listing in the United States has opened the first round of IT development upsurge since May 2004, Chen Tianqiao of Shanda Nasdaq listing in the United States, began a second round of high tide.

Hurun said: "Over the past two years, IT tycoons Although real estate tycoons as eye-catching, but also the wealth of IT tycoons rapid growth. At the same time, IT is the most transparent, scientific and technological contents of the industry."

Source: 北青网 Oct. 22, 2007

Link:
Li Yanhong: Hurun 2007 China IT Rich List Top
Hurun 2007 China IT Rich List Top 10

Sina CEO - "Strong" Cao Guowei: Part 5

"Poison pill Plan" in Cao Guowei

"As a result, the actual reading done and the feeling is totally different." Cao Guowei exposure in the United States a lot of Silicon Valley "crazy" things. But Sina, as a major participant, we have taken some dramatic "story", the most classic case is the "poison pill Plan."

"It was a very complicated one week, a lot of things are very dramatic." Cao Guowei said that with the outside world Shanda described the raid Sina different story, the figures extremely sensitive Cao Guowei prior already guessed what happened. "Because of our transaction volume has never been so great. We were only more than 5,0 million shares, the trading volume reached more than 4,4 million shares, the real change hands more than 20 million. Then I think Chen Tianqiao comrades probably in action." 2005 February 8, Shanda on a large scale in buying Sina shares the same day, Cao Guowei fly to Australia are starting their own holiday of the Spring Festival.

The third day of arrival in Sydney, Cao Guowei received a telephone Chen Tianqiao was formally inform Shanda Sina shares of the acquisition. "At that time no surprise, the first reaction is that the company must take useful action." Shanda on February 18 to the U.S. Securities and Exchange Commission filing submitted to the acquisition, Sina hands has prepared a "poison pill Plan."

Many people feel that Sina three days after the SFC submitted to the United States "poison pill Plan", the action is too slow, even with this inference Sina fierce internal struggle. "In effect on February 19 and on the 20th is no transaction weekend, February 21 is the President of the United States, not the same transaction. Until February 22 is Shanda filing submitted after the first trading day, we can not Shanda prior to the record submitted to the poison pill Plan plan. "Cao Guowei explained.

In Cao Guowei poison pill Plan appears to continue to buy only stop Shanda Sina shares, the board of directors and managers is in place to be at that time needs to be done, what is not said tendentious. "Others have washed your yard. We can negotiate, but the problem is standing in the courtyard of the house, or if he further received 30 percent stake, we will not negotiate on the right poison pill Plan is the fight for equal rights. "

February 19, Cao Guowei return to the Beijing began preparing for negotiations with Shanda. "Shanda Sina acquisition means that there is a chance to do transactions, as a board and management, we must seriously consider this opportunity to make a choice." After the week, Cao Guowei are appearing in the daily China World Hotel, the St. Regis Hotel and Grand Hyatt Beijing, such as the most luxurious hotel, with investors from all over the world and lawyers.

In customary financial point of view to the Cao Guowei view, Shanda had purchased a large scale in a short time has not many Sina shares complex logic. "The reason is very simple, Sina's stock value at that time, was severely underestimated. Shanda Sina stock acquisition was a very safe, if not with Sina is the field of strategic cooperation, Shanda will be financially stable earnings."

After three months, Cao Guowei almost all the major issues in negotiations with Shanda. "In fact, the two sides on a reciprocal basis to make a rational longer negotiations. Most crucial thing is if we combined company, the relative value of the two sides on how to display. Shanda shares at that time are now in peak position, and Sina share prices in the doldrums. technically and operationally there are many difficulties, we have very serious negotiations, but still it is very difficult operation. "

Shanda Sina shares on the acquisition to Cao Guowei experienced a "worthy memorable" experience. "This is the first time in the United States capital market an Asian company of another Asian companies' did not expect 'acquisition. Regardless of the legal profession or the investment banking sector are milestone of things."

Source: 互联网周刊 Li Liang & Dong Xiaochang Jul. 5, 2007

Link:
Sina CEO - "Strong" Cao Guowei: Part 1
Sina CEO - "Strong" Cao Guowei: Part 2
Sina CEO - "Strong" Cao Guowei: Part 3
Sina CEO - "Strong" Cao Guowei: Part 4
Sina CEO - "Strong" Cao Guowei: Part 5

Sina CEO - "Strong" Cao Guowei: Part 4

The strength of bridge

For many in the senior management of Sina, the incumbent CEO, "Laocha" reporting is a "painful" things. Not only because he likes to ask in the end, but also because of his control of the strong figures, many data can be blurted out, and even minor to a channel in a time of the flow data, he is not mistaken to say accurate .

With Wang Zhidong, Wang Yan, and other than several previous CEO, Cao Guowei some less passionate and idealistic colors, greater emphasis on rational and digital management. While Cao Guowei I figure on the very sensitive, the company is operating on the digitized continuously strengthen management.

"Figures speak with company management is a good habit of maturity and training results", Cao Guowei of digital understanding and management of persistent, and obviously he worked for years in Silicon Valley, but also in financial descent, and the establishment of this invisible his communication with investors as a bridge.

In April 2001 Sina landing NASDAQ is the Internet bubble burst during the first week of listing on the Nasdaq down 700 points, but at the end of 2001 all the institutional investors have to withdraw from all of Sina. The second half of 2002, due to the wireless business and advertising rebound, some foreign institutional investors renewed concern Sina, a famous Tiger Fund is invested in Sina's then.

"Because of the time difference, then all of them are in the middle of the night and investors exchanges, and their understanding of China's Internet is very difficult, particularly it is very difficult to explain the wireless business." In Silicon Valley work and life experience, Cao Guowei easily concepts, ideas, positions and so on and offshore investors seamless exchange, it is not just foreign language can do good things.

Especially after Mao Daolin separation, investor relations on all areas of work by Cao Guowei responsible.

Most investors favor or Cao Guowei Sina wireless connection in the two acquisitions. In January 2003 Sina successful acquisition Xunlong, this acquisition is the Internet sector was considered the most successful acquisition cases, the profit contribution Xunlong year than the purchase price, and early in 2004 Sina's shares once even break 40 US dollars.

Cao Guowei think that the timing is very important acquisition, although the acquisition of a second than the first acquisition in negotiation skills, and other aspects of the contract signed more mature, but the overall effect is not the first acquisition as greater efficiency. By the end of 2003, China's wireless market is the most popular, by the end of December acquisition Wangxing all the details have been agreed upon, and even lawyers have been waiting for signing up, but at this time of Cao Guowei has hesitate.

"At that time have already felt the wireless market adjustment could occur, so that Sina contract to a half of idle time." Cao Guowei said that after his stopover in Shenzhen to Hong Kong, one of the founders of the Wangxing Wang Bin (now a senior vice president of Sina) rushed to the Shenzhen airport, a meeting with him to risk-sharing, continue to discuss the possibility of acquisitions.

Cao Guowei recalled that, as consensus has been reached, only spent more than one hour's time, two people set up a very complex structure, not only offer much pressure down on the risk control Sina also have a very good protection. Cao Guowei did not expect that the acquisition Wangxing structure, the industry has become in the case of an acquisition of SP model, after many SP acquisition, as a model.

SP in the two laid the acquisition within a certain period of time Sina's dominant position, let investors see that as a master of acquisitions Cao Guowei, and Sina in advertising revenue continued to climb, let people see a strong, pragmatic Cao Guowei . However, more investors may still expect him to be able to create a new surprise, after all, Sina also owns the accounts up to 380 million US dollars for the acquisition of capital, "The acquisition is the need to" Cao Guowei said.

Link:
Sina CEO - "Strong" Cao Guowei: Part 1
Sina CEO - "Strong" Cao Guowei: Part 2
Sina CEO - "Strong" Cao Guowei: Part 3
Sina CEO - "Strong" Cao Guowei: Part 4
Sina CEO - "Strong" Cao Guowei: Part 5

Sina CEO - "Strong" Cao Guowei: Part 3

Justifiably

In June 2004, Sina sales day become "difficult" together. Prior to this, as in the content of Sina strong, Sina advertising sales staff in the same industry is "most likely" the work, as long as the unit answer the call, customers can receive the completed work. Even in the sales goals issued, the hands of the accumulation of orders can mandate has been completed ahead of schedule.

Now, accustomed to waiting for the advertising sales staff, we must seriously address the issue lightly down to every level of sales targets of several million dollars every day to work overtime to 8, 9:00 bell to them is very normal thing. While these changes are due to Cao Guowei initially started as co-COO.

Cao Guowei said then succeeding to COO post is a "hot potato." As Sina's wireless personnel turbulence, and the business was occupied at that time Sina's revenue over 70 percent, then the CEO Wang Yan will be fully responsible for the wireless business; COO Lin Xinhe responsible for the search and games business; Cao Guowei from the CFO post as co-COO, responsible for the troubled Sina website operators and advertising sales.

Cao Guowei said: "It is not the failure of Sina most business is facing the most difficult business." At that time, Sina's advertising revenues while still growth, but market share is in constant decline, which means that, far more than the growth of competitors Sina.

The first quarter of 2004, Sina advertising revenue for the 13.1 million US dollars, second quarter advertising revenue growth to 15.5 million US dollars while the same period Sohu first quarter advertising revenue for the 11 million US dollars, but rose as high as 146%, while the second quarter of 13.4 million US dollars, an increase of 97%, and Sina only 1.9 million US dollars gap.

Professional background and made news a few years television reporter Cao Guowei believe in the content and Sina strong compared to sales efforts is far from enough to enhance the combat effectiveness of advertising sales team is very important. As Cao Guowei stressed that the figures speak with cold, the original sales team have left many unable to meet staff, and Cao Guowei spent six to 12 months time, to form a new sales team, the establishment of ad sales involving all the systems.

"Sina's advertising system, management system, shown in the same system may be the most complex industry." Cao Guowei said that the Internet advertising, compared to other forms of advertising to put a lot of complexity, and the mode of China's Internet advertising more diverse, more complex, unlike Yahoo, Google can be as relatively standardized.

In 2005, Sina has been advertising in the leading case, the first time in more than three years the growth rate main rival Sohu, lead to further widening. At the same time, Sina wireless business with the industry trend of decline, other new business mostly short-lived attempt, Cao Guowei outshine others in charge of advertising sales, Wang Yan called the "save the situation."

So, Cao Guowei in Sina's position has been constantly strengthened. In September 2005, Wang Yan, president no longer concurrently by Cao Guowei as president. "From COO to president, in fact there is no change, just to talk about the business more convenient." Cao Guowei, who has been CFO since many of his clients or as CFO, talking about cooperation on advertising contracts is not so perfectly justifiable.

In fact, as early as in 2004 as COO, responsible for the content of operating departments, including senior vice president Chen Tong, then vice president and sales director Du Hong and then vice president and marketing director Shen Jianming, and so are a large number of senior Sina Cao Guowei has to report. "Sina, only Wang Yan not in control of the local, of no less than Charles place." A senior Sina joked.

In May 2006, he was promoted to Sina CEO Cao Guowei, although the industry Sina coach "enthusiasm unabated," but because of previous core business by Cao Guowei responsible, Cao Guowei nature of the work as well as working methods, and not because of changes in positions too much change.

Sina 2007 first quarter revenue of 51.3 million US dollars, revenue from online advertising for 31.8 million US dollars, up 43 percent. Cao Guowei that online advertising is the main reason why growth in 2004 lay a foundation. "Without this at the time established a strong combat effectiveness of the sales team, even to the World Cup also no use, and set up such a system were erected in the structure will take time."

In 2006, Sina business in online advertising revenue more than 1 billion yuan. In 2007, a growth of more than 50 percent on sales of over 1.5 billion yuan plan to sell down to every level has been on the staff. Sina many people do not like Cao Guowei "high pressure" and the "digital words," but he had to admit, Cao Guowei, under the leadership of Sina's performance is strong growth.

As Cao Guowei as Sina current president, is the only access to the management members of the Board of Trustees, Sina also did not have a COO candidate, Cao Guowei in Sina company is more important: "The only change is that the greater the pressure, before Wang Yan is with a team that he assume responsibility, greater pressure, I do some sharing, now that all the responsibilities and pressures in their possession. " 　

Link:
Sina CEO - "Strong" Cao Guowei: Part 1
Sina CEO - "Strong" Cao Guowei: Part 2
Sina CEO - "Strong" Cao Guowei: Part 3
Sina CEO - "Strong" Cao Guowei: Part 4
Sina CEO - "Strong" Cao Guowei: Part 5