"Then ask our young Mr. Li, when you chose to withdraw from Baibao.com, although the return on investment was very amazing, but considering the growth of Baibao.com during this time, your loss was not small, what do you think about this?" Lu Jin's questions were one after another, and the sharpness was very high.

"I think that's pretty normal. And as I said before, it was because I withdrew from Baibao.com at that time and obtained a considerable amount of money that I was able to start my own entrepreneurial project. Now our New Dream Group has three major business clusters, and the overall valuation has exceeded 3 billion, which is in the middle of the same as Mr. Long's Baibao.com. If I didn't have that money, I think I made the right choice because many projects in the group have not yet been born, and the projects that have been born have not been able to grow in great strides. Li Feng said.

Now the new dream group is not inferior to Baibao.com in terms of overall valuation, or even slightly higher than them. The shortcomings of New Dream Group today are that it is big but not strong, and there are too many business areas, unlike Baibao.com, which focuses on e-commerce, so that the power is also dispersed.

Therefore, from the perspective of e-commerce alone, the comprehensive competitiveness of Baibao.com is much stronger than that of New Dream Group.

Due to the dispersion of forces, although the stability of the entire system has been improved, and the ability to resist risks has been enhanced, it has also lost the ability to unify and concentrate resources, after all, all fields need capital and technology, and Li Feng must take into account the relationship between all aspects in order to make the entire group company run smoothly.

Therefore, even at this stage, it is still in the early stage for New Dream Group, and only when the group has sufficient capital and talent reserves to dispatch resources on a larger scale can New Dream Group truly have the ability to lead the market.

At this point, Baibao.com is much stronger, although they have begun to lay out the entire Internet industry, but their focus has always been on the field of e-commerce, so in the field of e-commerce, they have strong financial and technical strength, whether it is in the face of the impact of opponents, or take the initiative to attack, there are enough means.

"I think Li Feng's approach at that time was quite wise, after all, he was not an investor, but an entrepreneur, and the roles of entrepreneurs and investors are completely different, investors are more chasing profits, while entrepreneurs are trying to achieve things and even realize their dreams. Li Changfeng said, "So the purpose of Li Feng's investment is not only to make money, but also to provide a source of funds for his entrepreneurial projects." In fact, it was quite wise for him to withdraw his funds at this time, and I think it was during this time that he seized the early opportunities of the development of the Internet to allow New Dream Group to gain a foothold in China in such a short period of time. ”

Li Changfeng has always supported Li Feng, he is full of confidence in this young man, and he is also very optimistic about the business model of the New Dream Group, and even believes that Li Feng's New Dream Group is a standard model for the future Internet Industry Group.

"It seems that our Professor Li has always been very supportive of Li Feng, and he is worthy of being a member of the old Li family. The host Lu Jin joked, "Now we know that with the rise of the e-commerce industry, everyone has begun to find that things on the Internet are cheaper than physical stores, and many physical stores have begun to be affected by online shopping, and business has declined." Some people believe that the Internet has robbed the business of physical businesses, and too many elements of the virtual economy will affect the development of the entity and make the offline one a depression. This is a kind of general standard worry and doubt in the current market, what do you think about this situation?"

Lu Jin's question, in fact, has been debated for many years.

The guests at the scene were also very interested in this issue, because if online and offline cannot develop in tandem, it will inevitably lead to new market contradictions and make the future economic trend uncertain.

Long Yu took the lead in picking up the microphone: "For this problem, my opinion is that this is the market transformation brought about by technological upgrading, which is actually relatively common in history, and there is no need to worry too much about it." After the advent of the Internet, the way of information exchange has been changed, and traditional industries have recognized this, and transformation is inevitable. For example, our traditional media methods are through newspapers and magazines, but now with the Internet, the sales of newspapers and magazines have begun to decline significantly, and people have learned to use the Internet to browse information and find resources. The impact of this new technology on traditional industries will continue to appear in the future, and e-commerce is one of them. Therefore, replacing the old method with new technology has improved the economic efficiency of the whole society on the whole, and the market will automatically adjust this change, gradually eliminating the traditional way through the cost factor, and gradually rising the new way with better cost. ”

Long Yu's words are based on the logic of replacing old technology with new technology and gradually guiding the development trend of industry through market regulation, and expounded his own views. Although this set of views is correct, in this era, he is still limited by the times and does not see a newer and better way of development in the future.

This is not because Long Yu's level is not enough, but at this stage of development, even a top figure like him, his understanding of e-commerce can only stay at this stage, which is caused by the limitations of the times.

"I very much agree with Mr. Long's view that we are taking the road of market economy, and the market will play a decisive role in the allocation of resources. So what we think of as your shock now is just a market adjustment mechanism. Xu Jinlin didn't have anything to say, he could only say something that everyone was familiar with, and by the way, he would like to stand up to Long Yu.

After the two finished speaking, Li Feng picked up the microphone and said, "I have a different opinion." As I said before, we see online and offline as relatively isolated, and think that they are a competitive relationship, but they are not. At present, online has indeed had an impact on offline physical stores, but this is temporary, and this is the result of the non-integration of the two markets. Objectively speaking, even without the e-commerce economy, offline physical stores will be eliminated in large numbers every year, which is the result of their own poor management capabilities and cost control, and has no direct relationship with e-commerce. It's like backward capacity in the industrial sector, it's a natural process of obsolescence. In the future, what e-commerce needs to do is the integration of online and offline, and physical stores can also develop e-commerce, which is a kind of technological transformation, so the new e-commerce complex in the future will become a new trend in the technology of offline physical stores. ”