Friday, October 22, 2010

Lei Jun said Kingsoft feeling lonely after the listing





Lei Jun said Kingsoft's staff in the wealth of 100 million people, tens of millions of people to have a dozen.

Kingsoft CEO Lei Jun actually use the "lonely" to describe the company's most profound feelings after the listing, the company listed in the journey to go hard 8 years, the impact of the three stock markets at home and abroad, in the hope that the suffering of pain and despair wait, but also carried the banner of national software and assume the role of confrontation with Microsoft.

However, the Jinshan finally sought after by investors, the concept is still new online game, Lei Jun does not deny that this confirms the general software industry, China's embarrassment. But he said "WPS will stick," and will not repeat Jinshan Road after previous heavy.

"My experience can do IPO Advisory"

Reporter: Jinshan preparation for the listing of 8 years, few companies through the listing process so not ring true.

Lei Jun: When I saw the stock prices really jump, the first feeling is that eventually can no longer answer when Jinshan listing this rotten problem. To market, we A shares, the Nasdaq and Hong Kong stock market have made several attempts, my experience and even more to be done for other companies IPO consulted.

Reporter: finally listed, you should feel relieved, right?

Lei Jun: As for myself, the feeling after the listing is called lonely, through hope, disappointment, and then hope and finally to despair ... ... finally successful, the feeling of the moment can only be called lonely.

Reporter: How many employees realize in the end the myth of wealth?

Lei Jun: a million to more than 100 people, tens of millions of people can have a dozen. Really want to thank the shareholders, and give employees the option Tandao this year, according to market value of 108 million on the former operator. This is the expected half-year profit ah, shareholders have actually agreed. Would also like to thank the chairman and founder of Cheung Shuen Lung Qiu Bojun, us 16 years, China's IT industry, at least unique in the history of Zhongguancun.

"Gold Peak is like dancing with handcuffs and leg irons"

Reporter: But you do all the things, the evaluation in the industry more of a "hard", "hard", as if no one from the Jinshan's accomplishments regarded as a classic.

Lei Jun: This year has special fire post called "Why did not reach the peak of Jinshan," I have been very silent on this, but decided to respond. Why can not peak, the most difficult times, carrying tens of millions of NT dollars on it, but to have half of the R & D personnel R & D in WPS, the strength of this year 1 billion U.S. dollars, and called Microsoft Office to more than R & D, how to achieve peak.

Q: how do you explain to investors WPS - China's first office software, but without any premium on the company?

Lei Jun: We do back off a heavy burden, in order listed, to maintain good profits every year, not loss, business development can not be free to try. But WPS also insist, with shackled like to dance, how to reach the peak. Moreover, today China is not a universal software company to IPO, may still persist in Jinshan.

Reporter: In contrast, the concept of online games is indeed much more useful to light.

Lei Jun: online games is being sought after, but investors do not underestimate the importance of Kingsoft's software business, road show when there are at least five institutional investors only asked me the software business. And even if the software company's revenues account for only 1 / 3, the absolute number of either. Genuine rates rising, the software, the worst is over.

"The most bitter days of the past"

Reporter: Jinshan threw away the burden of financial stress, will also throw away the burden of the national software, or banner?

Lei Jun: WPS will persist as long as Jinshan Jinshan is also called, we will not change the responsibility of the original, I told staff that this piece of business or can not make money.

Reporter: with investors also say so? If the capital market only recognizes the concept of your online games, the stock fell how do you do?

Lei Jun: First of all, the development of WPS and drug tyrants is not bad, we even have entered the market in Japan and Vietnam, but they need more time. In addition, the most bitter days are gone. The eyes of the stock market is relatively short-term, long senior told me not to stare at the total price.

Reporter: With more money, which will give priority to the development of a business?

Lei Jun: software and game revenues now account for about 1 / 3 and 2 / 3, the next two years under normal circumstances, this ratio should not change. In addition, our staff reserve funds will be used, for example to expand research and development teams. October, no staff assigned to the option will collectively pay.







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