58 The month of the same city website independent user/muv first broke through 200 million

58 in the same city this month after the release of a quarterly report, CEO Yiu Jingbo issued an internal mail that 58 of the same city site of the month independent users/MUV first breakthrough 200 million, in the future will be in the market, products, especially wireless products, service network and many other links to more aggressive investment.

Yiu Jingbo said that 9 years after the company was founded, its individuals had not taken the company's options, and promised that the next 9 years would not take even a share of the options, because these resources to the front-line core staff.

The following is the full text of the internal letter:

Each of you 58 students:

We just released our quarterly earnings, and we should see our revenue continue to grow at 3-digit years, while the bigger surprise is that our website's monthly independent user/muv first broke 200 million. But the basic judgment of our management is:

58 The city is still in the very beginning stage of a long runway, based on this judgment, we have clearly communicated in this report and subsequent conference calls that the company will increase the input of the signal, we will be in the market, products, especially wireless products, service network and other links to more aggressive investment. The volatility of stock prices over the past few days shows that the market has received this signal, which is what we expect to happen. We made this decision with the support of all directors and long-term funds, we can look at our open market before the top ten shareholders of the analysis, are basically long-term funds in increasing holdings, they support our choice to pursue the long-term effective growth of this road, the pursuit of safety in the company and a certain profit growth under the maximum. Another consideration we make in this strategy is that we don't give our opponents any chance.

Recently, we have seen the rise of many new businesses, in some segments, we are in the innovation business impact, such as driving, car rental, or even home economics, this wave will occur in the next 5 years, if not action, we will see in many innovative companies will be more mobile, more standard, A more closed-loop approach replaces us with a previously advantageous category. Fear is the only reason for change, and our restructuring has placed Xiaohua in the position of chief strategist, responsible for new business and investment acquisitions. Our goal is simple, if anything can revolutionize our old business, we want this thing to be done by us. Xiaohua took over, we have seen a lot of good progress, our innovative business investment has been guaranteed, every bit of new business progress can reach the company's top level, and throughout the company to disseminate and celebrate. I believe that this adjustment and commitment will ensure that 58 better meet the wave of mobile internet.

Beyond the endless stream of innovators and fast-changing markets, the bigger crisis will come from within us. The efforts of many old employees in the company over the past 9 years, I believe, have been rewarded and even solved their own financial freedom problem. But some of the things I've heard recently: "I've proven myself, they need to struggle", "I was late for work earlier than them", for whatever reason, some people relaxed. This is very very dangerous signal, for such people we will only give a chance to remind, will resolutely clear out the team, if anyone has such a thought, they also think it is difficult to restore passion, please consciously choose to leave. From the moment we got back from the NYSE, we stood at a new starting point--and then, in 58, there was no new staff, no old staff, and all our employees were 58 new employees. We ask everyone to be fully motivated and everyone needs to understand that we still have a long way to go. We will not indulge the meritorious person, what you have done in the next 9 years is the only criterion that evaluates you. A specific action: we will take the initiative to eliminate 10% of executives and managers in the coming year.

At the same time, the company will continue to expand the incentive to employees. In the next quarter, we will invest in management resources to innovate on performance and incentive mechanisms to make more significant changes. Because we want to ensure that 58 can attract the best people in the industry, give employees enough space and always inspire people to continue to grow. We will launch a performance-based assessment and incentive system, the vast majority of incentives will be quantified and agreed in advance, and we need to make sure that we have a mechanism to use the automatically generated options pool every year so that the best 58 people can get a steady stream of returns-a space that is almost limitless as long as we keep growing at a high rate. Since the company was founded 9 years ago, I personally did not take the company's options, I also pledged here, the next 9 years I will not take even a share of options, because these resources to the front-line core staff, you are deciding the future of the company!

Many years ago, we all used to regard the Internet as an industry or an industry, and we are familiar with the real estate, automobile and other industries are the same vertical category of the system, this stage we saw several tens of billions of dollars of companies, they were worshipped. But today the internet is falling, falling sideways and becoming the owner of all industries-from Realtors to restaurant owners, moving cars, car rentals, mobile phones and television sets-they suddenly discover more opponents than they'd ever thought of, and these entrepreneurs are entering their territory with a new approach, And put a lot of the traditional enterprises can not make use of the Internet to cornered, this process I judge will continue for the next 10 years, and will create a dial Chi other "Internet +" company.

The Times have made heroes, I have to say we stand in a very advantageous position, and we stand behind us. 5 million are already using our merchants, and they are equally scared to the internet, and we want to make their business easier, become their closest partner, and make them more competitive, Let them score on the internet rather than lose points. This is our mission, if we do this, I believe we will be a member of hundreds of billions of companies, if we do not do this in the end, all of us will regret and shame, because we missed a best time.

Finally, we can finance the listing, can be the market wind, can grow to look good, but as an internet startup, you succeed only for one reason: it is that you provide excellent people need products. But I see some of our employees are getting far away from the customers, and more and more people are getting used to sitting in the office looking at the reports and starting to do what they look like. So from the two quarter onwards we will be more specific to the product Manager "volume" requirements-such as a monthly visit to several customers, visit several cities. At the same time we will require all employees of the company to use 58 of the site, using 58 of the app, whether you buy or sell second-hand or rent or find a nanny, only really to use, you know where to better, to know what the user's pain. We will also ask the entire research and development department to pay attention to the users in the forum, microblogging and other places of the slot, and their timely interaction, to help them solve the problem. I have been in the guest service, spend at least one hours a day interacting with the user, I believe you will have more time, you can do better. Can't stay away from users and customers, so they need to be the only reason we exist. Many users in the edge scold us, many users use us just because the market does not have a better choice, many users say 58 why not do this innovation, many entrepreneurs have been aiming at our weaknesses try to surpass us. We should be very clear: in the end, everything returns to the user.