When major domestic cloud computing companies were busy laying off employees, the rumored e-Surfing Cloud year-end bonus made many netizens "sour".
A few days ago, an employee of e Cloud anonymously posted that the average performance in 2023 will be 35 months year-end bonus, better employees have 75 months year-end bonus. According to the network, the average monthly salary of e Cloud employees is 220,000 yuan to calculate, 35 months of salary has 770,000 yuan, 7There is also a 5-month salary of 1650,000 yuan.
As far as the year-end bonus is concerned, this amount is definitely at a high level in the system of the three major operators.
And if most employees can get such a level of year-end bonus, it may also mean that e Cloud may perform very well in 2023.
The "100 billion revenue" target may have been very close to or exceeded.
Revenue is growing rapidly
e Cloud is a subsidiary of China Telecom that focuses on cloud computing business. Although as early as 2009, China Telecom put the development of e Cloud on the agenda, but the development of the first few years was not sluggish, and the real development was in recent years.
According to the "China Public Cloud Service Market (First Half of 2023) Tracking" report released by market research institute IDC, in China's public cloud IaaS + PaaS market, e Cloud ranks 10The 2% share rose to the third place in the industry, second only to Alibaba Cloud and Huawei Cloud. Among them, in the public cloud IaaS market, e Cloud's market share is 122%。
According to public information, China Telecom launched the "e Cloud Development Strategy" in 2009In 2012, China Telecom Cloud Computing Branch was establishedIn 2018, the "cloud reform" was fully implementedIn March 2021, "e Cloud Technology became independent, realized the complete transformation of its business model, and positioned itself as a technology-based and platform-based company for cloud business.
In March 2021, when e Cloud became an independent company, China Telecom integrated China Telecom Cloud Computing Branch, Shanghai Information R&D Center, Guangzhou Information R&D Center, Cloud Computing Inner Mongolia Branch and Cloud Computing Guizhou Branch, and all of them were installed into e Cloud.
It is the merger of many branches and subsidiaries that has promoted the continuous improvement of China Telecom's cloud-related revenue.
China Telecom began to publish data on cloud services as early as 2016, but the statistics are inconsistent. But overall, the scale of the cloud business is expanding.
According to China Telecom's annual report:
In 2016 and 2017, the year-on-year growth rate of "cloud and big data business" was 55% and 70% respectively
In 2018, the "cloud business" increased by 85% year-on-year9%；
In 2019, the revenue of "cloud business" reached 7.1 billion yuan, a year-on-year increase of 579%；
In 2020, the revenue of "network-wide cloud business" reached 13.8 billion yuan (network-wide cloud includes industry cloud, home cloud, and cloud-related access services).
In 2021, e Cloud's revenue will be 27.9 billion, a year-on-year increase of 102%;
In 2022, e Cloud's revenue will be 57.9 billion, a year-on-year increase of 1075%；
In the first half of 2023, e Cloud's revenue will be 45.9 billion, a year-on-year increase of 634%。
Ke Ruiwen, chairman of China Telecom, proposed a "small goal" for e Cloud in 2023: the revenue of e Cloud will exceed 100 billion yuan in 2023.
Usually in March, China Telecom will publish its annual report, so we still need to wait for some time to see e Cloud's revenue data.
However, if the news that the year-end bonus of e Cloud employees is rich enough is true, it is likely to indicate that the target completion rate of 100 billion yuan of revenue is okay. Of course, there are also points of view that it is not a small challenge for e Cloud to complete the goal of 100 billion.
The rapid rise of e Cloud and the ability to obtain "wealth and wealth" are of course directly related to China Telecom's emphasis on cloud services after the slowdown of operators' traditional telecom services.
It is undeniable that compared with China Unicom and China Mobile, China Telecom is also the operator with the deepest cultivation in the government and enterprise market.
Judging from the relevant statements in the annual report, cloud business has become an important part of China Telecom's acceleration of the construction of the "second growth curve".
In fact, in addition to merging its cloud-related businesses to form a joint force, China Telecom is also "very concerned" about expanding the revenue scale of e Cloud.
According to the operator's financial network, from the beginning of 2022, China Telecom has required incremental cloud projects, existing cloud projects, and even the sales and signing of ecological customers to be signed to the e-Cloud Provincial Branch as much as possible, in line with the principle of signing as much as possible.
Therefore, it is not difficult to understand that e Cloud's revenue can maintain a growth of more than 100% in 2022.
In addition to their own "efforts", changes in the macro environment have indeed brought opportunities for carrier clouds such as e Cloud to develop cloud services.
First of all, with the construction of digital China and the vigorous development of the digital economy, the computing infrastructure with cloud as the core has become an important carrier of digital technology innovation and the development of the digital economy. Operators such as e Cloud have a wide range of IDC layouts and network advantages, which allows them to deeply participate in the digitalization process in various places and have a good resource base.
Secondly, under the policy of "overall development and security", operator clouds such as e Cloud rely on the identity of state-owned enterprises to have a great advantage in the competition for government and enterprise customers.
Finally, leading cloud vendors such as Alibaba Cloud and Tencent Cloud began to take the initiative to adjust their strategies and give up the pursuit of aggregate projects, while operator cloud took over the baton of aggregate collection.
In fact, according to public channels, looking at the bid-winning projects of e Cloud, they are mainly government and enterprise projects, but there are also many projects that do belong to the general collection of projects.
According to the information disclosed on the official website, e Cloud relies on 5G + industry cloud + AI, focusing on covering social management, public services, ecological environment, economic regulation and other industries to the cloud, which has participated in 1000+ smart city projects, 320+ government cloud platform projects, 260,000+ customers in the education industry and 8,000+ medical institutions have migrated to the cloud, with more than 2 million customers.
It is also necessary to make up for shortcomings and practice internal skills
In order to become a truly "playable" cloud vendor, in addition to identity and customer resources, the more important thing for e Cloud is, of course, to improve product technology, and the core of further is to recruit enough excellent talents.
The industry generally believes that operators have advantages in data centers, backbone networks, 5G networks, etc., and it is easier for state-owned enterprises to get orders in the government and enterprise market. In terms of cloud products and technologies, such as cloud computing operating systems, cloud databases, chips, artificial intelligence models and other core technologies and product fields, there is still a lot behind.
Obviously, in order to make up for the shortcomings of product technology, e Cloud needs to increase investment. According to China Telecom's annual report, China Telecom's investment in e Cloud reached 14 billion yuan based on the cost method, ranking first among China Telecom's subsidiaries in terms of investment amount.
In September 2022, e Cloud also introduced strategic investment from four large state-owned enterprises, including China Electronics Technology, China Electronics, China Chengtong, and China Guoxin. After the completion of the transaction, e Cloud will raise 3674.5 billion yuan, diluted from 100% to 8861%, with a valuation of about 322600 million yuan.
However, according to the latest equity ratio of e Cloud Technology, the equity transferred in this round of financing should be about 16%. If the financing amount is still 36If it is 74.5 billion yuan, the valuation is about 23 billion yuan according to the proportion of this ** right transfer.
After the introduction of strategic investment, e Cloud's identity as a "state-owned cloud" is undoubtedly more successful, and it can also form a certain technical synergy with shareholders. But this money, for cloud computing vendors, is actually not much at all, and building a hyperscale data center is almost gone.
Therefore, in the future, e Cloud is expected to continue to raise funds through equity or public listing, in order to seek more resources to make up for shortcomings and practice internal skills.
At present, from the perspective of domestic operator cloud, e Cloud should be in a leading position. However, in order to become a more powerful cloud vendor and truly catch the "sky-high wealth" that comes with the digital transformation of governments and enterprises, it still needs to work hard at many levels.
ENDS