In addition to promoting the cooperation between Xinxin and Huahong when Zhou Xin returns to China, another very important thing is to participate in the Internet Conference held in Yanjing at the end of each year.
Emerging Investment has been one of the sponsors of the Internet Conference for three consecutive years. At the same time, Emerging Investment is also the original initiator of the Internet Conference.
Coupled with the status of Zhouxin itself, one can imagine the importance of the Internet Conference.
If it were not for Zhou Xin, Jack Ma would organize the West Lake Sword Discussion in Hangzhou, and then the West Lake Sword Discussion would evolve into the later Wuzhen Summit.
Zhou Xin held an Internet conference at the turn of the century. If Jack Ma wanted to hold a West Lake sword discussion, it would not make much sense. Secondly, there would be only a limited number of people who would support it.
After all, if the West Lake Sword Forum is close to the Internet Conference, it will be difficult to invite others to participate. If you want to participate in similar industry summits, you can wait until the Internet Conference. And if the time difference between the West Lake Sword Discussion and the Internet Conference is too big, then Jackma is not sure that he can invite Zhou Xin.
Not inviting Zhou Xin to participate in the West Lake sword debate is like not inviting Wang Chongyang to the Huashan sword debate. Therefore, in this time and space, there is no West Lake sword debate, and Jin Yong was not invited to participate.
This year, because China has successfully joined the WTO, the theme must also be combined with its accession to the WTO, "China's Internet Development under Openness and Sharing"
Like the previous two Internet conferences, there will be a peak dialogue. Last year and the year before last year, big names from Silicon Valley were invited to participate.
The first Internet Conference was attended by Bill Gates, Jerry Yang and Gerald (Time Warner). Last year, I was looking for Bezos and Bill Gates.
This year is different from previous years. Due to the sudden incident of Americen, the entrepreneurial stars of Americen don’t want to fly, let alone leave Americen.
Let me add here that Zhou Xin bought a Bombardier BD-700 private jet in 2000. What came to be known as the Gulfstream family of private jets had not yet launched their signature product.
This Internet conference invited Zhou Xin, Jack Ma and Pony Ma.
Because it fits the theme of joining the WTO, Tencent is thriving in Silicon Valley, and Enterprise QQ has opened up the European and neon markets after Amerikan opened up.
As for Alibaba, as the leader of B2B e-commerce model, it is more in line with this theme.
And both Tencent and Alibaba are companies invested by Zhou Xin, which is also full of talk.
“Every year when I go back to Yanjing to participate in the Summit Dialogue of the Internet Conference, the organizers always ask me if I want to hire a host. I always say that I can do it myself.
I hope this session will be more relaxed and casual, so that everyone can say whatever comes to mind. The most important thing is that there is no communication in advance. I think the content of the conversation will be closer to my true thoughts.
I believe these two people next to me don’t need to be introduced too much. Everyone knows them. The one on my left is Ma Huateng from Tencent, and the one on my right is Ma Yun from Alibaba. They are both named Ma.
Tencent and Alibaba are both well-performing companies in China, and I have expressed my optimism for these two companies through investment.
In addition, this year is the day when China joins the WTO. These two companies themselves have a lot to say in such a big environment. So this year’s peak dialogue specially invited two people. "
After Zhou Xin finished speaking, the two took turns to briefly introduce themselves and what the company they founded did.
Compared with Ma Huateng, Ma Yun was more provocative.
Zhou Xin asked: "Everyone knows that just this month, China has successfully joined the WTO. What kind of changes do you think it will bring to China's Internet industry, and what kind of changes will it bring to your own companies?"
Ma Yun said: "Joining the WTO is undoubtedly a good thing. For Chinese companies, they will have stronger competitiveness and gain access to more markets when going overseas.
I have been in Americen for the past six months, and Alibaba is helping some of Americen’s supermarkets build online supermarkets. I found that in some supermarkets, Chinese companies’ products account for a very small proportion.
There is also a very serious phenomenon in which American’s suppliers purchase products from China and then sell these products to American’s supermarket chains. They only play a connecting role in the middle and want to take away 70% to 300% of the profit from the products.
In other words, the Chinese manufacturer of a product can obtain a profit of US$1, and the intermediary can obtain between US$0.7 and US$3. As an intermediary, they can obtain higher profits than the manufacturer most of the time.
I don’t deny that Alibaba also wants to play the role of a middleman, but as a middleman, we connect foreign merchants and domestic product manufacturers. We uphold low prices and high-quality services, and the proportion we want to take for each product is fixed. M.
Currently, if Alibaba acts as an intermediary to help Chinese companies find foreign merchants, we will take 30% of the product price. It’s the same proportion as Zhou Xin’s virtual goods.
We also think this ratio is relatively reasonable. "
"If China joins the WTO, it means that the price of China's goods will be lower and more competitive, and Alibaba will be able to better sell China's goods. For Alibaba itself, for China's companies, and for Amerikan business is a good thing, it’s a win-win situation for all parties.”
America's middle class collapse began as early as the 1980s, which means that during the industrialization process of Neon and Goryeo, the middle class collapse and industrial transfer were completed.
After we joined the WTO, manufactured goods flooded the global market, and America's presence in America became increasingly high. However, unlike Korea, we are not willing to be controlled by Wall Street.
This will also lead to China later adopting the same strategy as against Neon.
No one can see these risks at the moment, or they won't care if they see them. They don't even have enough to eat, and they have no right to worry about such distant problems.
“Alibaba was very passive before. We just built an intermediary market and sat there waiting for people to come to your door. After they came to your door, we didn’t care what you did or what they did.
Anyway, you all set up stalls in my intermediary market, and then when customers come, you go shopping by yourself. Once you see the right eye, you reach a cooperation. The quality of this kind of service is not high, nor is the efficiency high. To be more specific, it does not play a big role on both sides.
Starting from this year, we have changed our strategy. My requirements for the sales of the Alibaba team have also changed. The previous requirement was that you only need to bring merchants to Alibaba, and let them use Alibaba first.
Now I need the following sales team to understand every customer we have, know what the advantages of this customer are, and then be able to help foreign customers quickly find domestic customers who can meet their needs.
We hope to bring tens of thousands of small and medium-sized enterprises to the world in the next ten years. "
Ma Yun was conservative. In the ten years since China joined the WTO, Alibaba has served at least one million small and medium-sized enterprises.
However, the current Alibaba is different from the original Alibaba. What Ma Yun said is that when Alibaba acts as an intermediary, it can facilitate 10,000 companies to go overseas.
"I believe Alibaba can do it. I have always felt that Alibaba is a company with great potential and the things it does are also very interesting.
There are few Internet companies like Alibaba in China. From the beginning to the present, companies with a particularly clear corporate vision, profit model, and strategic planning. I knew Alibaba at the end of 1999, when Alibaba was first established.
It was also an Internet conference at that time. I wanted to invest in some Internet companies, and then asked everyone to send me emails to introduce your companies. At that time, Alibaba rarely found ways to make money. I remember that it was through collecting membership fees from suppliers and buyers, which impressed me deeply.
Pony, what about you? "
Compared with Ma Yun, Ma Huateng said much less: "I think China's accession to the WTO is a good thing for Internet companies.
My logic is that after China joins the WTO, the economy will develop faster. People will have stronger spending power as the economy develops faster. More and more families will be able to afford computers, and Chinese Internet companies will be able to have More users.
This new batch of Internet users will also generate new demands, and China's own Internet model will be born in the future. "
Regarding China's entry into the WTO, Zhou Xin had nothing to say.
Because of the benefits, various experts and scholars have done enough analysis, and almost all public opinion circles can see how good it is to join the WTO.
Zhou Xin did not want to talk about commonplace topics. He wanted to talk about how the superstructure would rely heavily on bubbles if benefits were not properly distributed after joining the WTO.
History always repeats itself. In the 1990s, real estate bubbles and hyperinflation spread in Shenhai and Qiongdao, leading to technical bankruptcies.
Similar problems will occur again in the future.
In the two decades since the economy took off after joining the WTO, problems could be alleviated through rapid development. However, when economic development stagnates, there is no good allocation before, and massive bubbles are superimposed, the economic problems will cycle back and forth. Of course, China is a huge country, and the specific conditions in different places are different. In the future, there will be a regional economic phenomenon with severe structural differentiation.
Zhou Xin asked: "I know that both of you have been in Silicon Valley for a while. What do you think is the difference between the Internet companies in Zhongguancun and the Internet companies in Amerikan?"
Ma Yun: "There have always been rumors from the outside that we were built on the basis of Silicon Valley. We will follow whatever business model Silicon Valley has.
I often see similar statements in print media. Compared with Silicon Valley, China's Internet industry started later and is in an earlier stage.
Of course this is a very important reason, but this year, I spent more than half of my time in Amerikan. I often go to Silicon Valley to talk to entrepreneurs in Silicon Valley. "
This is the advantage of being good at English. Compared with Ma Yun, Ma Huateng was in Silicon Valley between the company and the apartment. Ma Yun wandered around looking for people to chat with. So much so that you can see sporadic posts discussing him on local forums in Silicon Valley.
"I found that first-mover advantage is one of the reasons. Another important point is financial advantage. The cost and difficulty of starting a business in Silicon Valley are much lower than those in Zhongguancun. Any good idea they have can get investment quickly, and then no matter what Finding office space or finding suitable engineers is much easier than in Zhongguancun.
I’m not saying here that when Internet people in China start their own businesses, investors will always ask if there are any benchmark products in Americen. This is a factor that hinders the innovation of Chinese Internet companies, but it is not that important.
What's more important is the support of finance for technology entrepreneurship. It is much more difficult to find funds for entrepreneurship in Silicon Valley than in China. At the same time, entrepreneurs do not have to bear unlimited joint liability, and financial institutions have a high tolerance for risks. This advantage has ensured Silicon Valley's leading position in technology over the past few decades.
Zhou Xin is an exception. It can develop without investment. This is a very rare case. "
Pony Ma said: "Compared with Silicon Valley, engineers in China have to be more diligent and have a fighting spirit. It is very difficult for you to find an engineer in Silicon Valley who is willing to work overtime. Tencent has been in a period of rapid development in the past year, and we are very It is difficult to guarantee a five-day, eight-hour working mechanism.
We require employees to work a lot of overtime and provide real-time feedback on customer needs and problems, which are difficult for engineers in Silicon Valley to do.
This also resulted in us having to locate the development team locally in China. There are only implementation teams overseas. Moreover, engineers in China are technically no worse than engineers in Silicon Valley, and their salary levels are even lower. Because our development team is located in China, China’s consumption is far from comparable to Amerikan in any aspect. Silicon Valley is one of the most expensive areas in America.
Chinese Internet companies will have certain cost advantages when going overseas.
Of course, Silicon Valley also has its advantages. The advantage of Silicon Valley lies in the industrial cluster effect. Their Internet companies are all clustered in the Bay Area. It is very convenient whether they want to cooperate or find benchmarking companies. Then there are the financial advantages mentioned by Ma Yun just now.
The financial advantage is indeed obvious. After Tencent entered Amerikan through enterprise qq, Amerikan had people doing business similar to enterprise qq. They were able to attract investment when they had no users, no product models, and nothing.
Silicon Valley investment institutions will invest in you as long as your founder team has a good resume.
They will take the initiative to find the shining points of your company and find a rationality for their investment behavior. This was after the Nasdaq bubble burst, and at its peak before the Nasdaq bubble burst. I couldn’t imagine how crazy these investment institutions would be. "
I forgot to set a scheduled release yesterday. . .
(End of chapter)
