รู้จัก Yandex บริษัทที่ครองโลกออนไลน์ในรัสเซีย /โดย ลงทุนแมน
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Continue ReadingGet to know Yandex, a company that ruled the world online in Russia / by investing man.
Nowadays most people are familiar with using online platforms.
To meet everyday needs.
We searched for information from Google
We order products from Amazon
We called a car and ordered food via Uber, Grab
We follow videos on YouTube
We listen to favorite songs on Spotify
But believe it or not, people can use these services through a single ′′ Yandex ′′ company.
What business does this company do? Why do they rule Russian over other famous platforms?
Investing man will tell you about it.
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Yandex is Russia's biggest tech company
Founded in 1997 or 23 years ago by a businessman named Arkady Volozh
Yandex stands for Yet Another Indexer
Because the first business of the company is to make a search website.
In the global Search Engine market, Google is undoubtedly leading up to 92 % while Yandex has 5 % user with a 0.5 % share.
But within the Russian country
Yandex can rule the market share at 58 % to be regarded as Russian Google.
However, this is only part of the Yandex Kingdom because of 70 different types of internet-related businesses.
Let's see some interesting examples.
Yandex. Direct Online Advertising Business is like Google Ads. 61 % Russian market share.
Yandex. Market platform to buy products online like Amazon. Currently, there are 19 million users per month.
Yandex. Taxi platform called Uber, but embraced 60 % of domestic users until the end of 2018, Uber competitors have to sell Russian affairs for 36.6 % of Yandex's shareholders. Taxi instead.
Yandex. Eats food delivery service and Yandex Lavka, the new generation's popular grocery delivery service.
Resulting in quarter 1 2020 Transport business group grew 49 % compared to the same period last year.
Yandex. Music platform listening online like Spotify and Yandex. Video platform. Video watching online. Like YouTube. Latest. Total members of 4.3 million accounts.
There are also many other businesses like
Yandex. Flight Platform to book airfare
Yandex. Messenger Chat Apps
Yandex. Disk storage services on cloud
Yandex. Money Payment System and Online Banking
Alisa Smart Assistant like Amazon Alexa
Even during the COVID-19 incident Russia was one of the severe outbreak centers, the company developed a free virus detection kit to the public.
By the proportion of the company's income every 100 baht.
64 baht from advertisement fee
24 baht from car and delivery business.
12 baht from other businesses such as subscription fee, entertainment media.
If you ask what is the reason Yandex has succeeded in occupying online space?
The answer should be not hesitating to grab opportunities in hand.
The company's strategy is to analyze which businesses have potential and foreigners are starting to market. But it doesn't meet local people. Yandex will compete with simple service models and consistent with consumer behavior.
Because the company has a great advantage that it can design platforms to support the usage of Russian language properly and more accurately.
Improving Yandex's performance continuously following the development of internet technology.
But it's undeniable that the weakness of rubble currency from Russia's case of economic sanctions since mid 2014's after Ukraine Crimea land annexation to be part of itself. Assembled with the Expanding businesses, affecting fairly corporate profits.
Year 2013 (1 rubles equals 1.01 baht)
Income 39,900 million baht
Profit of 13,600 million baht.
Year 2017 (1 rubles equals 0.55 baht)
Income 52,000 million baht
Profit of 4,800 million baht.
Year 2018 (1 rubles equals 0.47 baht)
Income 60,000 million baht
Profit of 20,800 million baht.
This year, there is extra profit from separating Yandex business. Market venture out with another company
Year 2019 (1 rubles equals 0.49 baht)
Income 86,000 million baht
Profit of 5,500 million baht.
Yandex is listed on the NASDAQ stock exchange in the USA. Now it's worth 420,000 million baht.
And it is evaluated that Mr Arkady Volozh, who is founder and CEO has private property up to 42,000 million baht.
However, sometimes business-related to a lot of data is often troubled because government concerns about the security of important data that could slip into the hands of dissent countries.
Yandex was recently ordered to restructure the company without a single shareholder over 10 % and limit total expat shareholders to 50 %
Yandex story makes us know
In many countries, strong foreign brands often scare local business owners and dare to do anything.
But really, what those companies can fight with us is understanding the unique characteristics of domestic consumers.
So if you keep opening the door to opportunities.
At the end we may succeed.
Like the case of Yandex that has become everything in Russian life..
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References
-https://en.m.wikipedia.org/wiki/Yandex
-https://www.wired.co.uk/article/russias-search-engineer
-https://www.oberlo.com/statistics/search-engine-market-share
-https://yandex.com/support/all-services/
-https://www.statista.com/statistics/225701/revenue-of-yandex-since-2007/
-https://www.statista.com/statistics/225709/net-income-of-yandex/
-https://ir.yandex/news-releases/news-release-details/yandex-announces-first-quarter-2020-financial-results
-https://ir.yandex/news-releases/news-release-details/yandex-announces-fourth-quarter-and-full-year-2018-financial
-https://www.reuters.com/article/us-yandex-fund-law/russias-yandex-gets-green-light-from-putin-over-new-governance-structure-idUSKBN1Y10WS
-https://en.m.wikipedia.org/wiki/Arkady_VolozhTranslated
space technology examples 在 元毓 Facebook 的精選貼文
根據計算,100萬人遊行隊伍要從維多利亞公園排到廣東;200萬人遊行則要排到泰國。
順道一提香港15~30歲人口約莫100出頭萬人。以照片人群幾乎都是此年齡帶來看,兩個數字都是明顯誇大太多了。
另一個可以參考的是1969年的Woodstock Music & Art Fair,幾天內湧進40萬人次,照片看起來也是滿山滿谷的人。(http://sites.psu.edu/…/upl…/sites/851/2013/01/Woodstock3.jpg)
當年40萬人次引發驚人的大塞車,幾乎花十幾個小時才逐漸清場。
而香港遊行清場速度明顯快得多。
順道一提,因此運動而認定「你的父母不愛你」的白痴論述也如同文化大革命時的「爹親娘親不如毛主席親」般開始出現:
https://www.facebook.com/SaluteToHKPolice/videos/350606498983830/UzpfSTUyNzM2NjA3MzoxMDE1NjMyMTM4NjY3MTA3NA/
EVERY MAJOR NEWS outlet in the world is reporting that two million people, well over a quarter of our population, joined a single protest.
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It’s an astonishing thought that filled an enthusiastic old marcher like me with pride. Unfortunately, it’s almost certainly not true.
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A march of two million people would fill a street that was 58 kilometers long, starting at Victoria Park in Hong Kong and ending in Tanglangshan Country Park in Guangdong, according to one standard crowd estimation technique.
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If the two million of us stood in a queue, we’d stretch 914 kilometers (568 miles), from Victoria Park to Thailand. Even if all of us marched in a regiment 25 people abreast, our troop would stretch towards the Chinese border.
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Yes, there was a very large number of us there. But getting key facts wrong helps nobody. Indeed, it could hurt the protesters more than anyone.
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For math geeks only, here’s a discussion of the actual numbers that I hope will interest you whatever your political views.
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DO NUMBERS MATTER?
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People have repeatedly asked me to find out “the real number” of people at the recent mass rallies in Hong Kong.
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I declined for an obvious reason: There was a huge number of us. What does it matter whether it was hundreds of thousands or a million? That’s not important.
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But my critics pointed out that the word “million” is right at the top of almost every report about the marches. Clearly it IS important.
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FIRST, THE SCIENCE
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In the west, drone photography is analyzed to estimate crowd sizes.
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This reporter apologizes for not having found a comprehensive database of drone images of the Hong Kong protests.
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But we can still use related methods, such as density checks, crowd-flow data and impact assessments. Universities which have gathered Hong Kong protest march data using scientific methods include Hong Kong Polytechnic University, Hong Kong University of Science and Technology, University of Hong Kong, and Hong Kong Baptist University.
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DENSITY CHECKS
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Figures gathered in the past by Hong Kong Polytechnic specialists using satellite photo analysis found a density level of one square meter per marcher. Modern analysis suggests this remains roughly accurate.
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I know from experience that Hong Kong marches feature long periods of normal spacing (one square meter or one and half per person, walking) and shorter periods of tight spacing (half a square meter or less per person, mostly standing).
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JOINERS AND SPEED
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We need to include people who join halfway. In the past, a Hong Kong University analysis using visual counting methods cross-referenced with one-on-one interviews indicated that estimates should be boosted by 12% to accurately reflect late joiners. These days, we’re much more generous in estimating joiners.
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As for speed, a Hong Kong Baptist University survey once found a passing rate of 4,000 marchers every ten minutes.
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Videos of the recent rallies indicates that joiner numbers and stop-start progress were highly erratic and difficult to calculate with any degree of certainty.
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DISTANCE MULTIPLIED BY DENSITY
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But scientists have other tools. We know the walking distance between Victoria Park and Tamar Park is 2.9 kilometers. Although there was overspill, the bulk of the marchers went along Hennessy Road in Wan Chai, which is about 25 meters (or 82 feet) wide, and similar connected roads, some wider, some narrower.
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Steve Doig, a specialist in crowd analysis approached by the Columbia Journalism Review (CJR), analyzed an image of Hong Kong marchers to find a density level of 7,000 people in a 210-meter space. Although he emphasizes that crowd estimates are never an exact science, that figure means one million Hong Kong marchers would need a street 18.6 miles long – which is 29 kilometers.
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Extrapolating these figures for the June 16 claim of two million marchers, you’d need a street 58 kilometers long.
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Could this problem be explained away by the turnover rate of Hong Kong marchers, which likely allowed the main (three kilometer) route to be filled more than once?
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The answer is yes, to some extent. But the crowd would have to be moving very fast to refill the space a great many times over in a single afternoon and evening. It wasn’t. While I can walk the distance from Victoria Park to Tamar in 41 minutes on a quiet holiday afternoon, doing the same thing during a march takes many hours.
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More believable: There was a huge number of us, but not a million, and certainly not two million.
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IMPACT MEASUREMENTS
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A second, parallel way of analyzing the size of the crowd is to seek evidence of the effects of the marchers’ absence from their normal roles in society.
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If we extract two million people out of a population of 7.4 million, many basic services would be severely affected while many others would grind to a complete halt.
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Manpower-intensive sectors of society, such as transport, would be badly affected by mass absenteeism. Industries which do their main business on the weekends, such as retail, restaurants, hotels, tourism, coffee shops and so on would be hard hit. Round-the-clock operations such as hospitals and emergency services would be severely troubled, as would under-the-radar jobs such as infrastructure and utility maintenance.
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There seems to be no evidence that any of that happened in Hong Kong.
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HOW DID WE GET INTO THIS MESS?
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To understand that, a bit of historical context is necessary.
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In 2003, a very large number of us walked from Victoria Park to Central. The next day, newspapers gave several estimates of crowd size.
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The differences were small. Academics said it was 350,000 plus. The police counted 466,000. The organizers, a group called the Civil Rights Front, rounded it up to 500,000.
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No controversy there. But there was trouble ahead.
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THINGS FALL APART
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At a repeat march the following year, it was obvious to all of us that our numbers were far lower that the previous year. The people counting agreed: the academics said 194,000 and the police said 200,000.
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But the Civil Rights Front insisted that there were MORE than the previous year’s march: 530,000 people.
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The organizers lost credibility even with us, their own supporters. To this day, we all quote the 2003 figure as the high point of that period, ignoring their 2004 invention.
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THE TRUTH COUNTS
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The organizers had embarrassed the marchers. The following year several organizations decided to serve us better, with detailed, scientific counts.
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After the 2005 march, the academics said the headcount was between 60,000 and 80,000 and the police said 63,000. Separate accounts by other independent groups agreed that it was below 100,000.
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But the organizers? The Civil Rights Front came out with the awkward claim that it was a quarter of a million. Ouch. (This data is easily confirmed from multiple sources in newspaper archives.)
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AN UNEXPECTED TWIST
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But then came a twist. Some in the Western media chose to present ONLY the organizer’s “outlier” claim.
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“Dressed in black and chanting ‘one man, one vote’, a quarter of a million people marched through Hong Kong yesterday,” said the Times of London in 2005.
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“A quarter of a million protesters marched through Hong Kong yesterday to demand full democracy from their rulers in Beijing,” reported the UK Independent.
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It became obvious that international media outlets were committed to emphasizing whichever claim made the Hong Kong government (and by extension, China) look as bad as possible. Accuracy was nowhere in the equation.
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STRATEGICALLY CHOSEN
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At universities in Hong Kong, there were passionate discussions about the apparent decision to pump up the numbers as a strategy, with the international media in mind. Activists saw two likely positive outcomes.
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First, anyone who actually wanted the truth would choose a middle point as the “real” number: thus it was worth making the organizers’ number as high as possible. (The police could be presented as corrupt puppets of Beijing.)
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Second, international reporters always favored the largest number, since it implicitly criticized China. Once the inflated figure was established in the Western media, it would become the generally accepted figure in all publications.
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Both of the activists’ predictions turned out to be bang on target. In the following years, headcounts by social scientists and police were close or even impressively confirmed the other—but were ignored by the agenda-driven international media, who usually printed only the organizers’ claims.
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SKIP THIS SECTION
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Skip this section unless you want additional examples to reinforce the point.
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In 2011, researchers and police said that between 63,000 and 95,000 of us marched. Our delightfully imaginative organizers multiplied by four to claim there were 400,000 of us.
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In 2012, researchers and police produced headcounts similar to the previous year: between 66,000 and 97,000. But the organizers claimed that it was 430,000. (These data can also be easily confirmed in any newspaper archive.)
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SKIP THIS SECTION TOO
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Unless you’re interested in the police angle. Why are police figures seen as lower than others? On reviewing data, two points emerge.
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First, police estimates rise and fall with those of independent researchers, suggesting that they function correctly: they are not invented. Many are slightly lower, but some match closely and others are slightly higher. This suggests that the police simply have a different counting method.
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Second, police sources explain that live estimates of attendance are used for “effective deployment” of staff. The number of police assigned to work on the scene is a direct reflection of the number of marchers counted. Thus officers have strong motivation to avoid deliberately under-estimating numbers.
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RECENT MASS RALLIES
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Now back to the present: this hot, uncomfortable summer.
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Academics put the 2019 June 9 rally at 199,500, and police at 240,000. Some people said the numbers should be raised or even doubled to reflect late joiners or people walking on parallel roads. Taking the most generous view, this gave us total estimates of 400,000 to 480,000.
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But the organizers, God bless them, claimed that 1.03 million marched: this was four times the researchers’ conservative view and more than double the generous view.
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The addition of the “.03m” caused a bit of mirth among social scientists. Even an academic writing in the rabidly pro-activist Hong Kong Free Press struggled to accept it. “Undoubtedly, the anti-amendment group added the extra .03 onto the exact one million figure in order to give their estimate a veneer of accuracy,” wrote Paul Stapleton.
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MIND-BOGGLING ESTIMATE
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But the vast majority of international media and social media printed ONLY the organizers’ eyebrow-raising claim of a million plus—and their version soon fed back into the system and because the “accepted” number. (Some mentioned other estimates in early reports and then dropped them.)
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The same process was repeated for the following Sunday, June 16, when the organizers’ frankly unbelievable claim of “about two million” was taken as gospel in the majority of international media.
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“Two million people in Hong Kong protest China's growing influence,” reported Fox News.
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“A record two million people – over a quarter of the city’s population” joined the protest, said the Guardian this morning.
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“Hong Kong leader apologizes as TWO MILLION take to the streets,” said the Sun newspaper in the UK.
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Friends, colleagues, fellow journalists—what happened to fact-checking? What happened to healthy skepticism? What happened to attempts at balance?
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CONCLUSIONS?
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I offer none. I prefer that you do your own research and draw your own conclusions. This is just a rough overview of the scientific and historical data by a single old-school citizen-journalist working in a university coffee shop.
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I may well have made errors on individual data points, although the overall message, I hope, is clear.
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Hong Kong people like to march.
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We deserve better data.
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We need better journalism. Easily debunked claims like “more than a quarter of the population hit the streets” help nobody.
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International media, your hostile agendas are showing. Raise your game.
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Organizers, stop working against the scientists and start working with them.
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Hong Kong people value truth.
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We’re not stupid. (And we’re not scared of math!)
space technology examples 在 AppWorks Facebook 的最讚貼文
昨天台灣大哥大發布訊息,自 2019 年 4 月 1 日起將聘任 AppWorks 創辦合夥人 Jamie 林之晨為總經理,長期關心 AppWorks 的朋友,或許會有些疑惑。其實不是 Jamie 換工作,而是 AppWorks 將與台灣大一起,挑戰一個放大 10 倍的計畫。在此跟大家分享 Jamie 的聲明,有更完整的敘述。
#以下是_Jamie_聲明全文
稍早台灣大哥大發布訊息,自 2019 年 4 月 1 日起將聘任為我為總經理,我的朋友們,以及長期關心我與 AppWorks 的媒體,一定會有許多疑惑,請容我在此統一向大家說明。
...Continue Reading
#EnglishBelow 稍早台灣大哥大發布訊息,自 2019 年 4 月 1 日起將聘任為我為總經理,我的朋友們,以及長期關心我與 AppWorks 的媒體,一定會有許多疑惑,請容我在此統一向大家說明。
首先,我不是接下了台灣大總經理的職位,而是接下了整合市值美金 120 億、營收美金 38 億的台灣大與市值美金 36 億、營收美金 25 億的 AppWorks Ecosystem,放大出 10 倍成果的任務。
這得從我的故事說起,如果您還沒聽過的話,我原本已經移民美國,和老婆小孩開心的住在紐約,2008 年,我在美看到 iPhone、Android 相繼問世,Facebook、Twitter 等社群媒體成為主流,意識到軟體的力量將越來越大,而硬體將越來越沒有價值,換言之,台灣的國際經濟地位將受到極大挑戰,因此決定舉家搬遷回台,推動台灣的轉型升級,以免我熱愛的福爾摩沙從世界經濟奇蹟變成失落的遺跡。
這是一個很大的決定,不僅我要放棄自己的美國夢,老婆、小孩都得跟著改變職涯、學涯,因此既然要做,就得發揮最大的 Impact。所以回台之後,我每天思考、決定、努力的,都是最大化我對台灣的貢獻。
因此這些年來我戴了很多帽子,表面看起來沒什麼相關性,但背後都有一個共同的目的,那就是推動台灣的改變。首先,我長期寫網誌、經營 Facebook 等網路社群、在《天下》等期刊寫專欄、出書、演講、接受採訪,心想的是分享新知、新觀念,散播進步需要的養分。
我與夥伴們成立 AppWorks,有系統的幫助年輕人創業,為的是培養千千萬萬帶領台灣前進的下一代生力軍。這也是為什麼 AppWorks 從 2010 年啟動半年一期的創業加速器,至今一直堅持免費提供。目前 AppWorks Accelerator 共畢業的 17 屆、925 位創業者,由他們成立的活躍企業高達 328 家,2018 年產值 760 億,提供 9,500 個工作機會,非常確切的為台灣貢獻一股向上動能。更重要的是,這些創業者們因 AppWorks 而相識相惜,形成一個緊密互助的網路,更是社會的長期資產。
當 AppWorks 在台灣站穩腳步,2014 年我們開始積極走訪東南亞,邀請優秀的東協創業者前來加入,希望透過串連跨國創業者網路,促進台灣的區域化,同時貢獻東協的數位發展。經過 5 年的推動,這個工作也有大幅進展,即將在 3 月進駐 AppWorks 的 33 組 AW#18 團隊,將有高達 19 組來自東南亞,包含他們在內,AppWorks 有 160 家企業在台灣以外的大東南亞市場有據點,形成一個真正區域化的網路。現在,來自台灣、香港、新加坡的 AppWorks 創業者要前往印尼、越南發展,可以很容易的找到 AppWorks 校友帶路,大大降低了區域化的門檻。
除了創業加速器,透過 AppWorks,我們同時努力創造更多台灣改變需要的新典範。以創業投資為例,我們 2012 年成功募集 3.2 億 Fund I,2014 年募得 15 億 Fund II,在 AppWorks 團隊的努力經營下,目前兩支基金的投資績效都是水準以上,其中 Fund II 至今的年化內部報酬率 (IRR) 達 29%,遠高於歐美同期創投基金的 Top Quartile (前四分之一) 指標。透過追求與國際一流基金同等的表現,我們希望促進台灣 LP (創投投資人的簡稱) 更有信心支持本土新興 GP (創投管理公司的簡稱),進而推動台灣創投業的復甦。
2016 年,我們出資成立 AppWorks School,每 4 個月一期,免費幫助年輕人透過實作學習程式、轉職工程師、加入成長中的數位行業,提升他們的職涯的同時,也為台灣貢獻人才。目前 School 已畢業 106 位學生,其中 85% 成功轉職,第一年起薪中位數達 67 萬。雖然杯水車薪,但我們希望拋磚引玉,刺激台灣教育的現代化,幫助年輕人準備好面對 AI 時代。
此外,AppWorks 雖然仍是中小企業,但受到的關注較多,因此也經常以身作則,為台灣業界示範新時代企業可以有的新思維。除了看齊國際優質創投的薪資獎金水準、年假無上限、自由選擇工作時間地點、新年假期長達三、四週外,我們更在日前啟動交棒計畫,讓年僅 30 歲的 Jessica 劉侊縈、40 歲的 Andy 蔡欣翰升任合夥人,希望激發台灣企業勇敢讓年輕人當家。
私部門之外,有機會推動台灣轉型的公領域活動,我也積極參與。2016 年,我從詹宏志先生手上接下 TiEA (台灣網際網路暨電子商務產業發展協會) 理事長,上任後便努力推動網路電商正名運動,成功說服了櫃買中心創立電子商務分類;2017 年起我開始擔任亞洲·矽谷民諮委共同召集人、數位國家諮詢委員、代表台灣參加每年四次的 ABAC (APEC Business Advisory Council) 會議,2018 年又奉總統之命擔任 APEC Vision Group 代表,與其他 20 會員國派出的先進,一起定義 APEC 未來的 20 年願景。這些雖然都是義務工作,但我都當作正職全力以赴,因為都有機會大大影響台灣的命運,以及在經濟領域的國際能見度。
最後,我去年決定再次舉家,準備遷往雅加達,同樣還是以為台灣貢獻出發。我觀察到 2.6 億人口的印尼正在快速崛起,短短 5 年內從有限的新創活動,到 4 隻本土獨角獸加 3 隻外來獨角獸的蓬勃景況,必須要幫助台灣抓住這個成長機會,但印尼商業生態與台灣大不相同,所以我決定進駐雅加達、深耕當地,希望能因此扮演帶領 AppWorks 新創進入印尼的嚮導,縮短我們與世界第四大國、東南亞第一大國的距離。這麼做得犧牲一些我在台灣的工作,但這些工作多半我的夥伴們可以承接,因此我便毅然開始行動。
講了這麼多,我其實只是希望您能了解,我大老遠從紐約搬回來的目的就是改變台灣,所以這些年來我做決定沒什麼懸念,因為不需要考慮自己的利益,只需要考慮在這個時間點,我做這件事情,是不是最能貢獻台灣。
如此我們便可以回到正題,這次的「台灣大 + AppWorks」專案。
不久前,蔡明忠董事長約我談話,詢問我有沒有興趣接下台灣大總經理的職位,一開始我其實是無法答應的,首先我已經決定搬去印尼,再來我也不確定接這個位子,跟貢獻台灣的關係。回去想了兩整天後,我有了答案,我跟蔡董事長說,必須有四個先決條件:
第一,結合台灣大和 AppWorks,用 AppWorks 生態系去幫助台灣大轉型為科技企業,同時以台灣大為平台去加速 AppWorks 新創的成長,因此創造更多成功的企業,為台灣示範成熟企業如何與新創實際合作;
第二,由 AppWorks 帶路,推動台灣大 + AppWorks 走出台灣,成為一個大東南亞科技集團,為台灣企業的區域化寫下典範,同時也成為能加速 AppWorks 新創區域化的大平台;
第三,以建立一個市值 1,000 億美金 (US$ 100B) 的科技集團為目標,創造第一個由台灣出發、真正達到國際級的非代工企業;
第四,所有因為台灣大 + AppWorks 集團未來的價值成長,公司依規定希望給予我個人的獎勵,要能全數由集團捐為公益使用,且專注在推動台灣的教育改革與電影工業上。
我跟蔡董事長說,如果以這四個目標為前提,那就值得我花 10 到 15 年的生命去推動。這基本上是我的夢幻清單,如果這麼做的話,能為台灣創造的貢獻,比 AppWorks 繼續獨立營運還會巨大許多,想不到蔡董事長毫不猶豫的答應。也因此,我回頭與 AppWorks 的夥伴們溝通,得到大家的支持後,我們決定一起接受這個挑戰。所以開頭我說,我不是接下了台灣大總經理的職位,而是接下了整合台灣大與 AppWorks,放大出 10 倍成果的任務。
當然,這不是一件容易的工作,發展新的商業模式,我或許有 20 年的創業、工作經驗作為後盾,但對於管理電信事業,對於領導一個 7,000 人的大集團,我有太多需要學習的地方,所以,我請蔡董事長務必持續扮演我的 Partner,在這個過程中一起確保電信本業的營運,好讓我們有最大的空間與時間,去爭取新事業的發展,為所有「台灣大 + AppWorks」的 Stakeholders,爭取最佳的長期利益。
未來幾年,將是電信業轉型的關鍵時期,去年 499 之亂加速電信用戶 ARPU (平均每戶營收) 的下滑,消費者換機時間拉長導致手機營收停滯,接下來資本支出是 4G 近 4 倍的 5G 即將到來,更讓電信長達 20 年紅利時代難以延續,AI、IoT、Blockchain、Cloud 等巨型典範轉移接連的到來,進一步逼迫電信業者不能繼續防守。
另一方面,電信業已經建立的品牌、長期客戶關係、大量用戶數據,卻是極有價值,可以更全面應用的資產。透過台灣大 + AppWorks 的結合,目前已經產生 760 億年營收的 AppWorks 的 328 家新創,以及未來將持續培養的更多新興企業,都有機會透過與台灣大的合作加速成長,而台灣大也能因此取得新的營收引擎,創造雙贏的局面。
所以,在可預見的未來,AppWorks 的方向不會改變,我們將持續邀請優秀的創業者加入,透過 AppWorks 原有的能量,以及新增的台灣大平台幫助他們。AppWorks 基金的營運也不會改變,事實上,加入了台灣大的能量,我們有信心能為 LP 們創造更好的財務、策略報酬。我的角色,除了新增台灣大總經理以外,也沒有改變,將持續擔任 AppWorks 的董事長、合夥人,戮力確保台灣大 + AppWorks 的整合能順利成功、長長久久,創造多贏。唯一改變的,大概是我的工作時間將會增加,因此要犧牲與家人的相處,在此先跟偉大的老婆、兩個可愛的兒子道歉,感謝他們對這個決定的支持與諒解。
至於搬遷至雅加達、引導更多 AppWorks 新創進軍印尼的計畫,很遺憾必須暫緩,所幸 AppWorks 的新任合夥人 Jessica (劉侊縈),已經承諾會扛起這個責任,相信在她的帶領下,AppWorks 的印尼計畫還是能夠大鳴大放、開花結果。
以上,就是針對此次台灣大 + AppWorks 的重大發展,向各位好友、媒體朋友的報告,懇求你們的支持。無論如何,我會持續為貢獻台灣而努力,希望我們這一輩的小孩們長大後,可以和我們一樣,以做台灣人為榮。
最後,預祝 您
新年快樂 諸凡順遂
助君張目 豬滿福保
Earlier today, Taiwan Mobile published an announcement communicating their intention to appoint me as the company’s general manager as of 4/1/2019. I’m sure this announcement may come as a surprise to many of my friends in the startup community, likely leaving you all with ample questions, concerns, and potentially even doubt. Let me take the opportunity to clarify the situation and explain the reasonings behind my decision for everyone.
Firstly, I must clarify that I am not merely taking over as GM of Taiwan Mobile, but taking on the bigger job of integrating Taiwan Mobile, a $12B market cap & $3.8B revenue company, and AppWorks, a $3.6B valuation & $2.5B revenue ecosystem, to amplify our impact by 10x.
But to adequately understand where we’re going, I think it’s important for everyone to know where we’ve come from. This begins with my story—for those of you that haven’t heard it before—which dates back to my time living in New York. It was around 2008 when I saw the launch of iPhone and Android, as well as the advent of Facebook, Twitter, etc, collectively catapulting social media into mainstream use. It was clear that software was increasingly taking over the world while the value of hardware was becoming more and more commoditized. This posed a dire existential threat to Taiwan, whose global economic contributions had been primarily driven by hardware and semiconductor manufacturing. This eventually prompted my resolve to move back to Taiwan and prevent our country from becoming a relic of the past.
This was by no means an easy decision. Not only did I have to give up my American dream, but my wife and child would have to completely uproot their lives, changing jobs and schools. It was a huge sacrifice on their end, so after moving back I dedicated myself to working hard every day to maximize my contribution to Taiwan and exert the greatest impact possible.
I have worn a lot of hats since, and it may seem that there is no correlation on the surface. But, there is indeed a common purpose behind them, which is to promote change in Taiwan. First of all, I have long written posts and columns in online communities such as my own blog, Facebook, and journals like “The Commonwealth Magazine,” while also giving speeches and interviews for a variety of outlets whenever possible. I see these activities as a way to share new knowledge, new ideas, and disseminate the nutrients needed for progress.
I set up AppWorks with my partners to systematically help young people start their own businesses and cultivate the next generation of business leaders that will steer Taiwan forward. That's why AppWorks started its semi-annual startup accelerator in 2010, and has been offering it for free ever since. With the addition of the latest batch AW#17, the AppWorks Ecosystem encompasses 328 active startups and 925 founders, having collectively generated US$ 2.5 billion in revenues and created 9,586 jobs—not an immaterial contribution to Taiwan’s economy needless to say. More importantly, we’ve created a tight-knit community where founders can form lifelong relationships, while seeking advice from both peers and mentors in good times and bad. I see that as a long-term value to society.
Once AppWorks took a firm foothold in Taiwan, we began targeting Southeast Asia in 2014 to invite outstanding ASEAN entrepreneurs to join us. We hope to promote Taiwan's regionalization through a network of international founders, and in turn, facilitate the development of SEA’s digital economy. We've made significant strides these past five years. AW#18 will kick off in March 2019, and consists of 33 teams, 19 of which hailing from countries across SEA and beyond. Spanning our entire ecosystem, AppWorks encompasses 160 companies currently operating in Southeast Asia, forming a truly regional network. Now, AppWorks founders from Taiwan, Hong Kong, and Singapore are expanding to Indonesia and Vietnam, and it is easy to find local AppWorks alumni to lead the way, greatly reducing the barriers for international expansion.
In addition to AppWorks Accelerator, we have been working hard to create more examples for a modern Taiwan. Taking venture capital as an example, we successfully raised US$ 11 million for Fund I in 2012 and US$ 50 million for Fund II in 2014. Under the efforts of the AppWorks team, the investment performance of the two funds is currently above the industry average, of which Fund II has achieved an annualized internal rate of return (IRR) of 29%. This is much higher than the top quartile of VCs in both Europe and the United States. By pursuing the same performance as international first-class funds, we hope to encourage Taiwanese LPs (short for venture capital investors) to be more confident in supporting local emerging GPs (short for venture capital management companies) and to promote the recovery and ultimate longevity of Taiwan's VC industry.
In 2016, we created AppWorks School with the aim of helping the younger generation pick up new skill sets, enhance their careers, and join the growing tech industry. The school offers four-month free programs and has now graduated 106 students, 85% of whom have secured jobs as software engineers, with a median starting salary of US$ 21,833. Although our scale is still tiny compared to larger institutes, we hope our efforts have inspired others to promote the modernization of Taiwan’s education system and equip young people with the necessary skills to thrive in the AI era.
In addition, although AppWorks is still a small to medium-sized enterprise, it has received a lot of attention. Therefore, it often leads by example and demonstrates how to apply new thinkings to modern corporate management. In addition to internationally-competitive salaries, our colleagues enjoy flexible working hours and locations, unlimited vacation days, and several weeks off around Chinese New Year. AppWorks also recently launched an internal promotion track, promoting two of our very own staff to partners, Jessica Liu (30) and Andy Tsai (40). We hope that this move will also create a ripple effect across traditional Taiwanese industries, inspiring more local enterprises to put their faith in younger leaders.
Alongside the private sector, I am also actively involved in promoting Taiwan’s transformation through public sector activities. In 2016, I took over as chairman of TiEA (Taiwan Internet and E-Commerce Association) from Mr. Hung-Tze Jan (詹宏志). After taking office, I have worked hard to promote our industry and successfully convinced government cabinet members to create a separate category for e-commerce companies, which didn’t previously exist in Taiwan’s stock market. Since 2017, I have been the co-convenor of the Asia-Silicon Valley Development Agency Advisory Committee, advisor of DIGI+ Taiwan, and the country’s member in ABAC (APEC Business Advisory Council). Most recently in 2018, I was appointed by the President to represent Taiwan in the APEC Vision Group, where 21 member states come together to define APEC's vision for the next 20 years. Although these are all voluntary work, I have treated them as full-time jobs because they produce opportunities that can greatly influence Taiwan’s future.
Finally, last year I was prepared to uproot my family again and move to Jakarta. With a population of 260 million people, I observed that Indonesia was a rapidly emerging economy, producing many areas where Taiwan and Taiwanese companies can contribute. In the span of just five years, Indonesia went from a barren startup landscape to producing four local unicorns and attracting the presence of three international unicorns. Although the opportunities are abundant, Indonesia’s ecosystem was much different from Taiwan’s, creating immense cultural, regulatory, and competitive barriers for Taiwanese companies. I had thus planned on relocating to Jakarta in hopes of better leading AppWorks startups into Indonesia and shortening our distance from the world’s fourth most populous country and GSEA’s biggest economy. I would have had to sacrifice some of my roles and responsibilities in my Taiwan, but I put faith in my partners and co-workers to fill the void.
With all that said, I want you to understand that the underlying mission to change Taiwan has never faltered. With this mission in mind, I’ve never hesitated in making decisions over the years because I’ve never needed to consider my own interests—but only the things I can do at the moment to best contribute to Taiwan and generate the most impact. It’s what prompted my resolution to move back from New York, my intent to move to Jakarta, and now my decision to take on this new opportunity with “Taiwan Mobile + AppWorks.”
Not long ago, the Chairman of Taiwan Mobile Daniel Tsai reached out and asked if I was interested in taking over as General Manager of Taiwan Mobile. At first, I was unable to take his offer because I was getting ready to move to Indonesia and I didn’t know how this would contribute to making Taiwan better. After allowing myself a few days to contemplate, I found an answer. I told Chairman Tsai that I would take on the position, but only if I can pursue these 4 ambitions:
First, leverage the AppWorks ecosystem to help transform Taiwan Mobile into a true technology company. At the same time, leverage Taiwan Mobile as a platform to accelerate the growth of AppWorks startups, thereby creating a successful collaboration template for other Taiwan & SEA large corporations to work with startups.
Second, with AppWorks leading the way, establish Taiwan Mobile + AppWorks into a regional technology group across Greater Southeast Asia, in turn, inspiring other Taiwanese companies to explore Southeast Asia as well as becoming a platform for startups to go regional.
Third, build Taiwan Mobile + AppWorks group to a market cap of US$ 100 billion and create the first non-OEM company that originates from Taiwan and truly reaches a global scale.
Fourth, throughout the process, all the bonuses I am entitled to shall be donated by the group to public welfare, focusing specifically on promoting education reform and the film industry in Taiwan.
I told Chairman Tsai if these are the goals, it’s worth dedicating the next 10 - 15 years of my life to achieve. This is basically my dream list. If I do this, the contribution to Taiwan and the GSEA region as a whole from the combined entity will be much greater than the continued independent operation of AppWorks. Chairman Tsai agreed on these four goals and gave me his promise, but it was still not a decision that I could make on my own--after all building AppWorks into what is it today was not something I did alone. Therefore, I went back to communicate with the AppWorks partners and team, and with everyone's support, we decided to accept this challenge together.
Thus, at the beginning of the post, I said, that I am not only taking over the position of Taiwan Mobile’s GM, but undertaking the task of integrating Taiwan Mobile and AppWorks to amplify our impact by 10x. Of course, developing a completely new business model is not an easy job. I may have 20 years of entrepreneurship and work experience under my belt, but I still have much to learn when it comes to managing a massive telecoms operation with over 7,000 people, most of whom are much more familiar with the industry than me. Therefore, I asked Chairman Tsai to act as my partner through the process to ensure the continued operations of the telecoms unit. This will enable more time and space to develop new businesses, benefiting all “Taiwan Mobile + AppWorks” stakeholders in the long run.
The telecoms industry will likely undergo a crucial transformation in the next few years. Last year’s “NT$499 war” accelerated the decline of telecom subscribers’ ARPU (average revenue per household). Longer replacement periods for smartphones have led to the stagnation of mobile phone revenues and the rollout of 5G will cost four times the capex as 4G. These factors all threaten the industry’s ability to maintain the fluid growth it’s experienced for the past 20 years. Furthermore, the arrival of paradigm shifting technologies such as AI, IoT, Blockchain, and Cloud have put all telecom operators on the defensive.
On the other hand, the telecoms industry has established brands, long-term customer relationships, and a massive amount of user data—all valuable assets that can be better maximized. Through the combination of Taiwan Mobile + AppWorks and the 328 startups that AppWorks has cultivated, all emerging startups will be able to look to the combined platform as a strategic engine for cooperation and growth. This is will also enable Taiwan to develop new sources of value creation--a win-win for both sides.
Therefore, in the foreseeable future, AppWorks will not change direction. We will continue to invite outstanding entrepreneurs to join our accelerator, staying true to the original ethos of AppWorks, while leveraging the new Taiwan Mobile platform to help them. The operation of AppWorks Funds will not change. In fact, with the backing of Taiwan Mobile’s resources, we are confident that we can create better financial and strategic rewards for LPs. My role at AppWorks will not change. I will continue to serve as a partner of AppWorks. I will ensure that the integration of Taiwan Mobile + AppWorks will be a successful, long-lasting win-win situation for all stakeholders involved. The only change is probably that my working hours will increase, effectively cutting into my family time. So first, I must apologize to my great wife and two lovely sons, and thank them for their continued support and understanding of this decision.
As for the plan to move to Jakarta and guide more AppWorks startups to enter Indonesia, regrettably it must be suspended. Fortunately, Jessica Liu, AppWorks’ newest partner, has promised to take up this responsibility. I believe that under her leadership, AppWorks' Indonesia initiative will still be able to make a big splash and develop fruitfully.
Hopefully, this post has provided you with all the relevant details regarding the Taiwan Mobile + AppWorks announcement. To friends and media, I sincerely appreciate your continued support. At any rate, I will continue to work hard to contribute to Taiwan. I hope that the children of our generation will grow up and be proud of being Taiwanese.
Finally, I wish everyone all the best. Have a wonderful and prosperous pig year!
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