Although the group buying market in Europe and the United States is not as exaggerated as that of China, it should not be underestimated, and there are many participants. Every country has followers of Yelp and Groupon, and relatively speaking, there are more followers of Groupon, and it takes too much time to accumulate to evaluate this thing.

"But personnel turmoil of this magnitude will have a great impact on the enterprise, and you are not afraid that if you fail, it will cause you a lot of losses?"

"Of course I'm afraid, but I'm more afraid that the majority of consumers will lose confidence in me, the group buying model is very simple, anyone can do it, but it's not so simple to really do a good job. This requires a very high ethical standard on our team. We strive to make all group purchase discounts the most attentive, an activity that is beneficial to consumers and merchants, rather than simply relying on low prices to attract consumers' attention, but relaxing the review of merchants' qualifications, or taking into account the carrying capacity of merchants, selling too many group purchase discounts!" Zhou Shi

"Then why are you firing these employees?"

"It's not my personal decision, it's our team's decision, and I'm just involved in the discussion about what kind of employees to fire, and who exactly is not my responsibility. Most of the employees we fire are not in line with our corporate values. "Zhou Shi

"YELP's values?" journalist

"Yes, our values are consumers first, merchants second, employees third, and then shareholders. "Zhou Shi

"You put your interests last and are not afraid of great losses?"

"I should say that I am more greedy and pursue long-term interests, and I think that putting consumers first can win the trust of consumers. If we win in the end, this trust will be the foundation for us to maintain our advantage, and it will be difficult for anyone to challenge our superiority in the future. Only by ensuring the interests of merchants, we will have more partners, if they do not make money, or the business is worse, then we have no value and meaning of existence. So Yelp's job is not to buy in groups, but to create something of value between consumers and merchants. As for the employees, I think it's easier to understand that we are dealing with a global market, each market has its own characteristics, and it is difficult for individuals to grasp it, and only a good team can stand tall in a market that changes drastically. Our values need to be maintained by excellent team members, and our values are realized through excellent employees. Almost everything we do needs to be based on great people. If you look at it this way, it should be easy to understand that employees rank third in our company!"

"Aren't you afraid of investor opposition when you do this?"

"I'm afraid, without their support, I wouldn't have the development I have now, but I have my eyes on the future, and I believe that I can bring them greater benefits. "Zhou Shi

"What if they can't understand?"

"I will do my best to convince them that if they are not trying to make a quick buck, they should be able to understand our efforts and goals. "Zhou Shi, Yelp's most important investor is Goldman Sachs, and Frank knows Zhou Shi's ultimate goal, even if he is worried, he believes that Zhou Shi will not mess around and can control the current situation. In addition, there are online and offline media and various water army teams, is it difficult to find a few people who write advertorials and boast? For example, the reporter of this Peanutun Tun Post is his own person, and after the interview, before publishing the article, the necessary polishing must be indispensable. Even if the polishing is more wonderful and idealistic than Zhou Shi's speech, it is understandable. He is not Jack Ma, he can be one of the top ten thinkers in the world.

Each era has its own star enterprises, the personal computer industry that began in the eighties of the last century, the Internet 1.0 era that began in the nineties, the era of social networks that began in this century, and the mobile Internet era that began now, and maybe the era of big data and artificial intelligence will be followed by it. How many enterprises have been established and disappeared in the middle, in the final analysis, the remainder is king, and if you can make money, you can survive, and if you can survive, you can have a future. Domestic enterprises may be too small in the market, so they focus on intensive farming, so they pay more attention to "the winner is king", do not compromise the means of profit, do not compromise the means to defeat all opponents. Different market sizes will give birth to different market strategies and different patterns, and I don't know whether this is the reason for national restrictions or the personal qualities of entrepreneurs. After all, the outflow of funds from domestic enterprises has been very limited until now, and they are suspicious of this and that transfer of assets at every turn, and investing overseas is capital outflow. Of course, this is also to blame for the lack of capital supervision and control ability of the relevant departments in China and the weak ability to collect debts overseas......

Group buying is really not a big business, and it doesn't necessarily make much money, and when the bubble bursts, there will only be two or three companies left in the market. Just like portals, there are not many portals left at home and abroad. It's a pity that the pig's feet of the era are not them. Therefore, whether the rest is king, or the winner is king, keeping up with the changes of the times is the most important thing. Although there is no eternal pig's foot in this era, and all the efforts of some companies will be useless, but some small and medium-sized micro enterprises can exist for hundreds of years, but are they really the same as large enterprises in their ability to resist risks? Not every small country is as strong as Israel, and not every country around Israel has always been weak. Enterprises are inherently expansive, and in the era when Internet high-tech dominates, especially Apple, Microsoft, Google, Amazon and the domestic BAT triumvirate, their expansion path may be very revealing. Almost all Internet companies are unable to escape direct or indirect competition with these enterprises. These enterprises will continue to expand in the future, perhaps breaking through the inherent boundaries of Internet companies, involving all aspects of the whole society, and it is difficult to determine whether this expansion is good or bad for human society. Big business can focus on developing technology and making many changes that contribute to humanity. For example, Google is a typical example, Google Android, driverless cars, hot air balloon Internet plans, and so on. But how much positive influence there is, how many negative effects will appear in the consequences of monopoly, history tells us that as long as there are people, this is inevitable. Even artificial intelligence is biased because of the design of the ape, and if the monopoly company does not have a new source of profits, how can it ensure that it does not do evil in order to chase profits?

Of course, there are still a lot of uncertainties about Yelp's development, and it doesn't really make much sense to say that. However, with Jackma's internal rectification of Alibaba, the conflict between Ali and Yahoo, who unified their minds, has made new progress, and Zhou Shi's opportunity has finally come!