Why are all video websites losing money now? iQiyi, Youku and Tencent are all losing money, why?

Hello, the profit and loss of the video business of major Internet companies is the final result of the overall planning. As a major player in the domestic Internet industry, Tencent’s treatment is very good. However, different business units and positions have different salaries and benefits. Let’s take Tencent Video as an example.

1. They are all members of Tencent. Netizens: Rounding up "I = Liu Yifei"

When asked at the Light-gathering Ceremony about her relationship with Tencent, Liu Yifei said that I am a member, which not only reflects High emotional intelligence reflects the national popularity of Goose Factory products. Many netizens said that Liu Yifei = Tencent member, I = Tencent member, so: I = Liu Yifei.

As a national Internet company, how much money has Goose Factory made?

Tencent’s main business consists of value-added services, online advertising, financial technology and enterprise services, and four other parts.

As a leading company in the domestic Internet industry, Goose Factory is unequivocal in generating revenue. The first quarter financial report shows that Tencent’s value-added business revenue increased by 16% to 72.4 billion yuan in the first quarter, and the average monthly salary of employees was 76,000 yuan.

Tencent Video Membership is a value-added service of Tencent and belongs to Tencent Platform and Content Business Group PCG. After the change in the group's organizational structure, Tencent PCG established a BU under the BG (Business Group) for the first time, consisting of Tencent Video and Weishi.

Tencent Video has a leading position in the field of long videos, but it still needs to find a more benign business model, and user time is being squeezed by short and medium videos; Weishi is Tencent’s main short video APP , attempts in recent years have made breakthroughs and embarked on the path of differentiation.

Tencent’s current multiple business groups have different growth paths.

WeChat Business Group (WXG) and Interactive Entertainment Business Group (IEG) rely on WeChat and games respectively, so they are relatively independent and simple in organizational structure; the predecessor of Cloud and Smart Products Group (CSIG), It is a product for enterprise services, such as Tencent Cloud, smart retail, etc.

The purpose of business integration is to gather the most young users in Goose Factory and explore more new opportunities that can capture young people.

2. How high are the salaries of Tencent employees?

Overall, Tencent is still a money-making machine, comparable to the four major banks.

The first quarter financial report shows that Tencent Video has 125 million paying members, surpassing iQiyi by 20 million. The number of employees is 89,000, and the average monthly salary is 76,000.

So, the money from recharging Tencent Video VIP and QQ Music VIP every month even supports the employees of Goose Factory. Tencent salary structure: generally 12+1+1= 14 salary.

Tencent’s standard salary is 14 salary, but you can usually get 16-20 salary. In fact, you can see from the offers that there is no shortage of teams with 18 salary. The year-end bonus depends on the department's profitability and is generally 3 months.

There is a large salary and stock gap between different business lines within Tencent. Tencent’s game team’s salary and year-end bonus are generally relatively high, while Tencent Cloud’s stock share is higher than that of the game team.

But generally speaking, the technical line employees of Goose Factory are still the highest paid group. After all, they are in charge of the production and maintenance of products. Therefore, it can be seen that in the Internet industry, the salary level of algorithm positions and other positions is nearly 40% higher than that of operation positions.

How much remuneration can Goose Factory employees get in a year? There is a general range based on rank.

Tencent canceled the original rank system design of 6 levels to 18 levels (levels 1.1-6.3) and changed it to 14 levels (levels 4-17). Although the changed professional titles are more reasonable, many people are still accustomed to using the original ranking system.

For example, in the original T3 level, the salary of the T3-3 level is 30-60W/year higher than that of the T3-1 level, and there are almost no stocks at the 3-1 level, so the difference is quite big. After adjustment, the gap becomes more reasonable.

What kind of employee in Goose Factory earns an annual salary of 750,000? Let’s take a look at Tencent Video’s social recruitment. Goose Factory offers a monthly salary of up to 50,000 to big data development engineers with 3-5 years of experience. In the recruitment of other large companies, big data development engineers with 30k-60k only have 1-3 years of work experience. Taken together, this kind of treatment is not uncommon in Goose Factory with an annual salary of 750,000.

I hope my answer will be helpful to you!