Lei: In the next 3-5 years, why do we want all in cloud service?

Today the focus of the content is also our millet, Jinshan strategy is an important part. So what's the first PPT I've prepared? Is the importance of cloud services for millet.

Millet existing amount of data

The number of millet cloud services this year was 7 times times higher than last year and is expected to grow 5 times times next year. So today, to give you a little dry goods, I asked them to sum up the most recent accurate figures:

Millet Cloud User Volume 67.955 million people, almost 68 million people;

Small Mi Yun Total storage 47 PB (no calculation of millet other storage and 10 p);

Total coexistence storage of 24.1 billion photos;

Add about 90 million photos a day, add 1.2 million videos a day;

The highest day added 380 T data;

I expect to add 1 p data a day by this time next year.

Maybe everyone has no idea about a p? The content of a p is stored for one year, and the storage plus bandwidth is almost 2.5 million RMB to 3 million RMB, one year's cost.

Open Architecture Cloud Services

I would like to share with you, small Mi Yun from today's scale, is already one of the largest cloud service providers, new data is not good in the first place. And this data explosion feeling more and more obvious, so millet to cloud service attaches great importance. Two years ago we formed a strategic partnership with Jin Shanyun, certainly not exclusive or exclusive.

Our millet cloud is the cloud service of the application layer, just like Apple, who did the basic cloud service? Is Jin Shanyun, which provides the underlying services for cloud storage and cloud computing. Century interconnection is based on network infrastructure, that is, IDC, bandwidth and then CDN a series of basic services. In fact, we are in different business layer of cloud service.

Small Mi Yun In addition to Jin Shanyun, we are also introducing Amazon, Microsoft and so on, we in the perspective of millet, cloud service window has arrived, and is the most important development direction in the future. Cloud services greatly improved the customer experience of millet users, enhanced the viscosity of millet, so millet is also invested heavily in the cloud services.

Jinshan is how to make the decision to fully into the cloud services?

The second chapter introduces Jinshan software, because I am a dual identity. I was chairman of Jinshan before 3.5. I was in October to run an investor conference to do a three-year work summary with investors, this is my summary will use a picture. I took over when the Jinshan is 4.4 Hong Kong dollar share price, at that time Jinshan already in the downlink channel, I took over half a year fell 2.7 pieces. Then we spent three years, the highest in 33, now stable in 18, 19, this is our three years of a report card.

Many people may see us fall, but forget that the curve is growing fast. Why Fall? Of course I'll tell you about it. The past three years in fact I have been communicating with you, I said that I mainly used three strokes, the whole Jinshan management team with the most ruthless.

The first recruit merge, focus on core business, quit all non-core business. Jinshan to this 26 history, in the past so many years inside, into a lot of very small business, and then focus on the three core business, or focus on security products, online games. The second article household, the implementation subsidiary. Cheetah's first IPO in May this year, the market value of 3 billion U.S. dollars, the other two companies add value also quickly.

The third is called water and fish, all facing the future, mobile internet-oriented. What kind of achievements have you made in the past three years? Cheetah's monthly active 341 million, 2/3 in overseas markets. WPS3 billion mobile phone download, active in the month between 45 million to 50 million. The rapid pace of the West Hill, in our plan there are 10 mobile phone games to be released, it has invested heavily in the West Hill, Jinshan is basically a mobile internet company.

Next 3-5 years

At the beginning of this year, we were discussing the whole group, three years is coming, what will we do in the next three years? So we propose a strategy called all in. I told them, as a big shareholder and chairman of Jinshan Software, I pursue is 10 years, 20 of long-term value, they put this stall to me, I hope 10 years, 20 years later, Jinshan still active in the market line, so we must be full turn offense, do not defend. Today's internet industry is kept, can only go forward, so require all teams in. From the beginning of the second quarter, our various teams increased research and development input, in fact, our research and development investment with last year, more than 100%, all increase investment.

That increased investment, the profit slightly affected, the result of our stock fell to 18, 19, but I really think this is not the key issue, because all in the strategy is to increase investment, for the future long-term enterprise development.

It involves another more specific issue, because Jinshan group after 26 years of hard work, we carry 1.2 billion dollars in cash, I told him that the money exists in the bank interest, this interest is very small, especially people know that the dollar deposit interest is very low. I said that shareholders to give us so much money, is it to take interest? Jinshan software Dividends, I see a lot in the snowball above said can not pay dividends? See this I have a lot of pressure, I say I so much money what exactly? We discussed with Jin Shanyun's management team, Jin Shanyun's board of directors, and we decided to increase our commitment to Jin Shanyun.

But Jin Shanyun, as a subsidiary, has insufficient financial resources, so we August this year, specially convened the Jinshan Group executive Strategy Meeting, Zhanghongjiang said, in fact, we opened a day, 17 hours, mainly in the discussion of all of the business in, spent half the time in the discussion of all in the cloud services. As a result, all of our executives support the company all in cloud service.

Of course, if not in the cloud services, it is impossible to win. So in that meeting put forward 3-5 years to vote 1 billion dollars, the majority of our money out, smashing cloud services. With this decision in mind, October devoted a separate board of directors to the event to discuss the plan for all-in-cloud services, supported unanimously by the board. So we are determined to fully implement the all in cloud service strategy.

Why did the data explode?

Here to talk about some of the content in the investor talks, now the global data explosion, the explosion of the momentum of growth from where? In fact, the core of the mobile phone with the camera, photos, video volume is increasing rapidly.

Another key point is the smart device. These smart devices because of the full network, in the future your hand ring, blood pressure, air-conditioning, refrigerators will be networked. After networking, all of this data is stored in the cloud, we think this data into the era of data explosion, so based on this basic thinking, because the small-meter business, just introduced what we have seen, are Baife figures are growing.

Mobile phones, wearable devices and 4G, bandwidth widened. There are videos, smart homes, online education, and the need for infrastructure is getting higher.

How big is the market for cloud services?

Perhaps everyone said, you said a half-day cloud services, cloud services in the end how much market? When the board asked me, each company spent 5% to 10% of its turnover, investing in cloud services, buying servers, renting rooms, buying bandwidth, including research and development, testing, and operation, all spending 5% to 10% of the turnover, which was a huge scale. Whether you look at Tencent, Ali, Baidu, there are higher spending to 20%, video site spent 20%. So we think that the trend in the future is that third-party independent cloud services companies will rise up and down the steps. Everyone later to use how much to rent, do not have to cover the computer room, rent the computer room, I look at the bat each of the number of the core of the building room, I began to think I would not have to cover the computer room, but I do not know how to cover the computer room.

Am I looking for a place to cover the engine room? This is really painful. A basic point of view in Millet is focusing. Can not do must not do, can you put together the alliance, let others do? Perhaps also because Millet is an emerging company, we do not have the ability to do, we do not understand, do we have a vote for five years, ten years of study, such as Sheng such as building a computer room, to do infrastructure, this is not necessarily necessary.

I think that the future of independent cloud services companies must be the trend, these revenues will be cloud services company's revenue.

Then is this market has just arisen, aliyun a ride of dust, we jinshan strength and they are still very weak, cast 1 billion dollars is not really can win? I said three big reasons. Write an article called "Sleep on the top of the brothers", we have a brother called millet, millet and do not want to do their own, so Jinshan help Jianyun service Ecological circle. So with the business of millet complementary, just I do the application of cloud services, it do the basic services, with the help of millet ecological chain to grow.

The second is not exclusive open cooperation, for example, we also choose Amazon's cloud services abroad. As a general cloud services company, basic cloud services tend to choose between two and three, which is also open.

including Jin Shanyun Services, our peers other mobile phones are willing to use, Jin Shanyun is also very happy to use, I do not know my position, but my position is that each business is relatively independent, the brothers holding regiment, not exclusive, do not occupy the team, the friends make a lot of, the enemy to make less, so as to win, I feel that the peers are not necessarily friends, can cooperate certain cooperation.

The second advantage Jinshan Software is a listed company, so many shareholders look at me, I hope we remain independent, so Jinshan software from the equity structure, from the listed company perspective is an independent company, so it provides independent third-party services, it has an independent brand.

For example, we millet really as the basic cloud services, there may be a lot of people worry about the problem, this is also my own do not want to do cloud services, millet do not want to do their own, and Jinshan do the reason.

The third, two years ago we started to prepare, is 2C business, but we may not win. Finally decided to do a basic thing, turned to cloud storage and cloud computing. Then in a lot of internet services, people always ask, say you can hit the Giants? This cloud service has a huge benefit, it is not a company, must be able to have 三、五家 to live, the key question whether we are the first three, the top five, we not necessarily should be number one, but we must stay in the first three, the top five, this is the second demand.

The third demand, to become the first three, the first five, not to be squeezed out by the Giants, I was in that seminar, told them, this is forced ruthless, you dare, there is a chance to live, dare not, now do not play, if not, do not do cloud services. The market, like the video market, is even worse than the video, either playing or playing or having no middle choice. They say you really want 1 billion dollars? I said the battle would not win without 1 billion dollars ' preparation and determination. This is also a high investment in the industry.

Back over, after 26 years of efforts, after several generations of Jinshan people's savings, we have a little money, we are in the bank feel sorry shareholders, we are ready to dig 90% out of all in. After we put forward this plan, will the stock market feel that we will be issuing new debt? We all have our own money, more than 100 million dollars a year, and that's three core reasons why do we think we can get tickets? This is just the beginning. For three reasons, we think Jin Shanyun have a chance to get tickets.

Jinshan do cloud services have any advantage

What have we done now? Over the past two years, we have a first-class team, Zhanghongjiang, Wang Yu-lin they have formed a number of first-class team.

The second we have experience. The third we already have the basis of the starting amount, so we have some preparation, mainly in two business achieved a certain degree, one is cloud storage, one is the game cloud. There are now more than 200 game customers running on top of our cloud.

So our idea in the future is to be a first-class cloud service provider in the market, and that's our whole goal, is to be a leading provider of basic cloud services in 5-10 years.

With this plan, we immediately involved to do cloud services, and immediately related to the network infrastructure, as just said, we are not building the engine room? How much bandwidth do you rent? There are a lot of things to do. Zhanghongjiang with me said, we this thing again for another three or five years, say can find market cooperation? Later, we talked with Chen General hit, after a few times, to reach a consensus, holding a regiment together.

Of course Chen always told me that this image will give us the impression that we are exclusive? I told Chen, the whole Jinshan and millet stand is not exclusive, open, mutual help, win each other, do not who stand whose team, whose customers do not do, as long as the open door we are welcome, the whole three of the Alliance are open, not exclusive ...

I would like to introduce today is actually so much, I would like to sum up with you.

1th on the strategy of Jinshan, Jinshan in the beginning of this year, all business is discussed in, I think the various subsidiaries of Jinshan are the most active in the market.

To July the core in the discussion was not a subsidiary of all in, which was the group how all in, because the group had no business and finally selected all in cloud service. All in the scale of 1 billion U.S. dollars, all of their own funds, will not issue new shares, will not do debt, rely on our own funds all in. And we feel that there is a certain Cheng, anyway this becomes not to see Zhanghongjiang, afforestation their, I should do the work is over, I persuaded the board and investors, all IN10 billion. This 1 billion dollars, I am in the entrepreneurial dry 25, 26, I this 1 billion dollars will be very cautious and careful.

Two 1 billion

Maybe today everyone looked, said a lot, in fact, our line is very clear, the first is 1 billion is to find Sheng to dry, we just cooperate. This 1 billion dollars is discussed for more than half a year to do the basic cloud services, because our own needs have been very strong, these two lines for everyone to reason. The first 1 billion dollars is the trunk of millet, the second 1 billion dollars is Jinshan backbone.

The second share the actual number of millet, we have close to 68 million of users, we add 90 million photos each day, add 1.1 million photos, we predict the total data volume will increase by 5 times times next year, the daily year-on-year data will increase to 1 p order of magnitude. In this demand, we feel that the era of data explosion is coming, this is a new Typhoon mouth.

The third is based on the needs of Jin Shanyun and Millet Cloud, we decided to reach an alliance partnership with the century interconnection, mutually exclusive, relatively independent. But mutual cooperation and mutual reinforcement, such a model may be the dominant model of the future industry, because do not need a company to do all the things, so that the most professional companies do the most professional things, we trust each other and alliances.

So we do not have a long time to reach Jinshan plus millet, 9.6 billion U.S. dollars, but also based on Chen sum century interconnected high trust and high recognition, reached a strategic partnership.