Reborn multinational giant

Chapter 857 $100 Billion Revenue Breakdown

“Fang Zhe African Entrepreneur Competition!"

Entrepreneurs and aspiring young people from all over the continent flourished when the name spread across the continent through a variety of media!

Over the years since the birth of the Internet, there have been countless competitions for entrepreneurs of various kinds around the world, and most of the time these competitions have been held in places as developed as the United States, China, Europe or where the Internet economy is thriving.

In backward places like Africa, the number of entrepreneurial competitions that have been held has been counted in one hand.

On this occasion, the world's richest Fangzhe, in a public speech at the University of Cape Town, South Africa, solemnly announced $10 million a year to support African entrepreneurs and the Fangzhe African Entrepreneur Competition.

The size of such a huge bonus has impressed countless African entrepreneurs.

You know, the continent's per capita income at this point is less than $500 a year, and the competition is spending $10 million a year supporting these African entrepreneurs.

How can this not be without the emotion and enthusiasm of countless African entrepreneurs!

“Unlimited countries (African continental countries), no age, no gender, no individual or group!"

Such competition rules and slogans make many entrepreneurs and entrepreneurial teams eager to participate in the Fangzhe African Entrepreneur Competition.

In addition to this, many entrepreneurs and start-up teams who lack money also hope to increase their reputation and attract more investors' attention by participating in the competition.

Because, according to the competition's official instructions, the contest will start in three months, when several prominent African television stations will be broadcasting it live!

And even more impressive to countless entrepreneurs, the top 10 finalists of the competition, you will personally serve as the world's richest Fang Zhe will personally serve as a judge, award the top three to kill the siege!

What are you waiting for? Sign up now!

From Cape Town, South Africa, to Cairo, Egypt, from Nairobi, Kenya, to Lagos, Nigeria, countless entrepreneurs and teams of entrepreneurs compete.

Fang Zhe, on his own, stirred the wind and clouds of the African continent!

On 9 May, Fang Zhe, who had travelled in Africa for half a month, finally boarded a plane to return home.

Prior to that, he also attended the inaugural African Ombudsman Awards ceremony in Nairobi.

When Fang Zhe presented the medal symbolizing the $5,000 reward to ten excellent rangers, one of them actually left tears in excitement!

Fang Zhe later learned that the patrol belonged to the 'patrol generation', his father died at the poacher's gun, and he still chose to become a patrol.

A $5,000 bonus would greatly improve his family's conditions and give his younger son the opportunity to receive a better education.

The story of this ranger is a true picture of all these rangers.

Perhaps while many people around the world are enjoying their leisure, these rangers are fighting poachers to protect the rare animals that live on the African prairies.

Fang Zhe increasingly realized that it was very meaningful that he funded the establishment of the African Ombudsman Incentive Fund.

And Fang Zhe also looked forward to seeing the entrepreneurs on the continent show how exciting the entrepreneurial projects will be in the finals of the Fang Zhe African Entrepreneur Competition six months later.

At the same time, he hoped that the competition would inspire more aspiring young Africans to promote Africa's development through various means, including entrepreneurship, so that Africa could quickly emerge from the perception of poverty and backwardness.

After half a month on business trip, Fang Zhe's thoughts on the old woman Feng Xue and Xiao Xueyi were particularly strong. After returning home to reunite with his family, Fang Zhe's life was put back on track.

“President Fang, this is the financial report document of our company for FY2017. The biggest highlight is that the overall revenue of our group exceeds 100 billion USD for the first time as expected!"

Li Wen, secretary of the president's office, put a heavy file on Fang Zhe's desk early in the morning.

Fang Zhe immediately looked at this document carefully. Long before he went on business trip to Africa, he was particularly concerned about the financial results of the 2017 fiscal year. Because according to the previous forecast, the overall revenue of the 2017 fiscal year (from April 1, 2016 to March 31, 2017) will reach the threshold of hundreds of billions of dollars for the first time, becoming one of the world's highest revenue Internet companies, no one!

However, Li Wen gave him a surprise when he didn't want to go back on a business trip.

“The total revenue of Huizhou Entertainment Business is $37.5 billion, a year-on-year growth of 32%, and a net profit of $18.1 billion; the total revenue of Huizhou Cloud Business is $30.2 billion, a year-on-year growth of 45%, and a net profit of $9.664 billion; the total revenue of Mobile and Value-Added Services Business is $35.84 billion, a year-on-year growth of 37%, and a net profit of $10.62 billion..., a total revenue of $118.4 billion in FY2017,

32% YoY Growth, Net Profit $49,728 Billion! "

Fang Zhe looked at a number in the financial report and a faint smile appeared on the corner of his mouth.

There are several data in this financial report that make Fang Zhe very satisfied or even surprised.

For example, the total revenue of Huizhou Cloud business exceeded $30 billion for the first time, and the net profit approached $10 billion. Since defeating Amazon Cloud as the first throne of global cloud computing, Huizhou Cloud has become an important force for the growth of the global cloud computing market.

In addition, for the first time, the net profit of the mobile and value-added services business exceeded $10 billion. This business revenue mainly comes from WeChat information flow advertising, mobile payment services, small program division, etc., accompanied by the thriving development of small programs, and the business's contribution to the revenue and profits of the conglomerates is also increasing.

Compared to the above two strong growth businesses, the Huizhou Entertainment Business, while also not growing slowly, overall, the proportion of the Entertainment Business to the overall revenue and profits of Huizhou has been decreasing, which also enhances the robustness and risk-resistance of the overall business of Huizhou.

The conglomerate has gradually shifted from an early start-up amusement company to a more purely service-oriented internet company in terms of both business and revenue.

“Very well, Li Wen, arrange it. I will personally preside over this financial meeting!"

“Do you want to host it yourself?" Li Wen was surprised to see the thrilling Fang Zhe.

Since the listing of Huizhou, apart from the first two meetings of Fang Zhe to personally chair the financial reporting meeting, later meetings of Huizhou Zheng Siwen, the second leader of Huizhou, did not want to this time, Fang Zhe had the pleasure of personally chairing the meeting.

Fang Zhe looked at Li Wen's surprised expression and nodded again to confirm.

He didn't like hosting financial statements meetings in the past. He was mainly lazy to answer the questions of various investment bank analysts. This time, the crowd's annual revenue exceeded $100 billion. Fang Chue felt that it was necessary to show his face and let the outside world know. Although the crowd was an elephant, it was also an elephant who could dance.

On the morning of May 18, the fourth quarter and full year of the 2017 financial reporting conference was officially held. Hearing that Fang Zhe, one of Huizhong's leaders, who had not chaired the financial reporting conference for a long time, personally chaired the conference, global renowned investment analysts from Morgan Stanley, Goldman Sachs to Nomura Securities and many overseas large and small shareholders competed in the conference room.