Whether future Chinese companies can cope with the rapid changes in the external and internal environment, adopting the most advanced corporate service concept is not a good or bad problem, but a matter of life and death. The best companies are growing rapidly without borders. On September 6th, Mingshi Capital held the “Special Service for Enterprise Upgrades in the Golden Year of Industry” at The Future Hall in Beijing. As an organization that laid out the enterprise service track at the beginning of its establishment, Ming Ming Capital’s founding partner, Huang Mingming, described the future of the company’s service track with the theme “Cloud Native is restructuring the business organization”. He believes that Cloud Native will empower enterprise organizations in the intelligent era and become an important tool for companies to quickly respond to external changes.
The following is the theme of Huang Mingming’s “Cloud Native is restructuring business organization” topic:
Thank you for the guests coming from afar, and the best friends of Mingshi. Originally, this afternoon we wanted to make a discussion inside Minghui’s own corporate service. Later, I think about my personal OKR this year. The biggest one is to say that the Ming circle of friends is big and hot, so today we not only invite the best entrepreneurs, but also invite industry experts and important partners in various fields, including others. The head entrepreneur in the service, thank you for coming from afar and helping me to complete my OKR.
My speech today wants to start with a “millennial question” in the field of corporate services: Why is there no BAT-level enterprise service company in China?
We pulled a comparison of the market value of China’s TOP5 listed company and the US TOP5 listed company, and it feels a bit tragic. As of August 31 this year, there are only two companies in China with a market capitalization of more than 10 billion US dollars: UF (market value of 79.7 billion yuan) and Keda Xunfei (market value of 72.4 billion yuan). After that, Hang Seng, Straight Flush and deep conviction, the current market value is below 10 billion US dollars. On the other hand, the Top 5 enterprise companies in the United States on the right, Microsoft, Oracle, Adobe, Salesforce, and IBM have a market capitalization of more than $100 billion. Among them, Microsoft’s market value has reached 1.05 trillion US dollars.
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About this day, there are many ways to talk about the industry. Some say that Chinese veteran companies are not willing to pay for business services. There is also a strong demand for customization of large enterprises in China. Customized products, or companies that make system integration, are difficult to standardize or quickly productize; others are from a human perspectiveSpeaking of Chinese tradition, leaders are emphasized, individual heroism is emphasized, and entrepreneurs are only managed by their own talents. Western entrepreneurs are talking about data-driven and driving decision-making and operational management. So summed up, Chinese corporate customers are not strong in demand for enterprise service products.
Enterprise services are the output of advanced enterprise management methods
Before throwing my thoughts on this issue, let us return to the original birth of the enterprise service market, and see how the first batch of enterprise service giants were born.
SAP (with a market capitalization of over $100 billion) is one of the few companies in the US that has a market value of more than $50 billion and is not a US company. It was founded in 1972. At that time, the Top 5 in the world of corporate services, including Microsoft, which we just mentioned, has not yet been established. Why was SAP born in Germany? Everyone who looks at its customers knows that Mercedes-Benz, BMW, Volkswagen, Siemens, Daimler are the world’s top industrial manufacturers. Germany is precisely the most advanced country in industrial manufacturing. SAP has become the best ERP solution by serving these top manufacturing customers by digitizing and onlineizing their supply chain management and production logistics. SAP was nurtured by such a group of top German manufacturing customers, and finally achieved the world’s top enterprise service company, and then SAP solidified the German advanced manufacturing concept through software services to promote the world.
Look at the United States again. American companies are relatively diversified, and there are a number of world-class companies in almost every field, such as Apple, Cisco, Amazon, and Boeing. A group of world-class corporate customers in the United States has spawned a huge market for enterprise services, so they have nurtured a number of world-class enterprise service companies such as IBM, Microsoft, Oracle, Adobe, and Salesforce.
This side confirms the core point of my speech today – enterprise services are the output of advanced enterprise management methods. BAT-class enterprise service companies will only be born on the soil of the world’s top enterprise customers. Because enterprise service companies and the corporate customers they serve are a mutually successful relationship.
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Looking at the background and soil of the birth of these world-class enterprise service companies, we then ask why China has not yet born a BAT-level enterprise service company. On April 13, 1984, New China was born the first private enterprise Guangcai Industry, which was a total of more than 30 years of growth under the modern enterprise management and governance system.