In addition to promoting the cooperation between Xinxin and Huahong, another important thing for Zhou Xin to return to China is to participate in the Internet conference held in Yanjing at the end of each year.

Xinxing Investment has been one of the sponsors of the Internet Conference for three consecutive years, and Xinxing Investment is also the original initiator of the Internet Conference.

Coupled with Zhou Xin's own identity, the importance of the Internet Conference can be imagined.

If it weren't for Zhou Xin, Jack Ma would have organized the West Lake Sword Debate in Hangzhou, and then evolved the West Lake Sword Debate into the later Wuzhen Summit.

Zhou Xin held an Internet conference at the turn of the century, and Jack Ma wanted to hold a West Lake sword discussion again, which was of little significance, and because the number of people who could support the event was limited.

After all, if the time of the West Lake Sword Discussion is close to the Internet Conference, it is difficult to invite others to participate, and if you want to participate in a similar industry summit, you can wait until the Internet Conference. And if the time difference between the West Lake Sword and the Internet Conference is too big, then Jackma is not sure that he will be able to invite Zhou Xin.

The West Lake Sword Debate does not invite Zhou Xin to participate, just like Huashan Debate Sword does not invite Wang Chongyang. So in this time and space, there was no West Lake sword, and Jin Yong was not invited to participate.

This year, because China has successfully joined the WTO, the theme should also be combined with China's accession to the WTO, "China's Internet Development under Openness and Sharing"

As with the previous two Internet conferences, there will be a summit dialogue, which was attended by big names from Silicon Valley last year and the year before that.

At the first Internet Conference, Bill Gates, Yang Zhiyuan and Gerald (Time Warner) were looking for attendance. Last year, I was looking for Bezos and Bill Gates.

This year is different from previous years, this year due to the unexpected events of Ameriliken, Ameriliken's entrepreneurial stars do not want to fly, let alone leave Americacan.

It would be added here that Zhou Xin bought a Bombardier BD-700 private jet in 2000. The Gulfstream family of private jets, which came to be known to the general public, have yet to launch their iconic product.

This Internet conference invited Zhou Xin, Jack Ma and Pony Ma.

Because of the theme of joining the WTO, Tencent has become prosperous in Silicon Valley, and the company QQ has opened up the European and neon markets after Americon opened up the situation.

As for Alibaba, as the leader of the B2B e-commerce model, it is more in line with the theme of this time.

And whether it is Tencent or Alibaba, they are all enterprises 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 organizer asks me if I want to invite a host, and I always say that I can come by myself.

I hope this session is a little more casual and casual, and everyone thinks of what they say. The most important thing is that there is no communication in advance, and I think the content of the conversation will be closer to my real thoughts.

I believe that the two people next to me don't need me to introduce too much, and everyone knows each other. On my left is Tencent's Ma Huateng, and on my right is Alibaba's Ma Yun, both of whom are surnamed Ma.

Tencent and Alibaba are both very good companies in China, and I have also expressed my optimism about these two companies through investment.

In addition, this year is the day of China's accession to the WTO, and the two companies themselves have a lot to say in such a general environment. So this year's Summit 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 said more incendiaryly.

Zhou Xin asked: "Everyone knows that just this month, Huaguo has successfully joined the WTO, what kind of changes do you think will bring to Huaguo's Internet industry, and what kind of changes will they bring to their own enterprises?" ”

Ma Yun said: "Joining the WTO is undoubtedly a good thing, for Chinese enterprises, they have stronger competitiveness in the process of going to sea, and can get more markets.

In the past six months, I have been working at Americacan, and Alibaba has been helping some of Americacan's supermarkets build online supermarkets, and I found that in some supermarkets, the proportion of goods from Chinese companies is very small.

There is also a serious phenomenon in which Ameriken suppliers buy goods from China and then sell them to Ameriticon's supermarket chains. They only play the role of a connecting in the middle, siphoning out 70 to 300 percent of the profits of commodities.

That is to say, the manufacturer of a commodity in China can get a profit of $1, and the intermediary can get between $0.7 and $3, and they can get a higher profit than the manufacturer most of the time.

I don't deny that Ali also wants to play the role of a middleman, but as a middleman, connecting foreign merchants and domestic commodity manufacturers, we uphold low-cost and high-quality services, and how much we want to draw for each product is a fixed and clear price.

At present, if Ali acts as an intermediary and helps Chinese enterprises find foreign merchants, then we will take 30% of the price of the goods. It is the same proportion as Zhou Xin's virtual goods commission.

We also think that this ratio is reasonable. ”

"If China joins the WTO, it means that the price of China's goods is lower and more competitive, and Ali can better sell China's goods. It is a good thing for Ali itself, for the enterprises of China and for the enterprises of Ameriken, which is a win-win situation for all parties. ”

The collapse of the middle class in Ameriken began as early as the eighties of the last century, that is to say, in the process of neon and Goryeo industrialization, the collapse of the middle class and the transfer of industry were completed.

With our accession to the WTO, the global market for manufactured goods has become more and more presence, and our presence in Ameriken has grown, and we are not willing to be controlled by Wall Street like Goryeo.

This will also lead to the later adoption of the same strategy as the Neon Nation.

At the moment, no one can see these risks, or if they see them, they will not care, they can't even eat enough, and they are not qualified to worry about such a distant problem.

"In the past, Alibaba was very passive, we just built an intermediary market, sat in it and waited for people to come to the door, and we didn't care what you did or what he did.

Anyway, you all set up stalls in my intermediary market, and then a customer comes, so you go shopping by yourself, and you reach a cooperation when you see the right eye. This kind of service quality is not high, the efficiency is not high, to be more specific, it does not play a big role on both sides.

Since this year, we have changed our strategy, and my requirements for the sales of the Alibaba team have also changed, and the previous requirement was that you only need to pull merchants to Alibaba, so that they can use Alibaba first.

Now I need the following sales team to understand every customer in your hands, know where the advantages of this one 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 is still conservative, and in the ten years since China's accession to the WTO, Alibaba has served at least one million small and medium-sized enterprises.

However, the current Alibaba is different from the original Alibaba, Ma Yun said that when Ali is the intermediary, it can promote 10,000 companies to go overseas.

"I believe that Ali can do it, and I have always felt that Ali is a company with great potential, and what it does is also very interesting.

There are very few Internet companies like Alibaba in China, and from the beginning of its establishment to the present, the corporate vision, profit model, and strategic planning are particularly clear. I knew about Ali at the end of '99, when Ali was just being founded.

At that time, it was also an Internet conference, and I wanted to invest in some Internet companies, and then ask people to send me an email to introduce your company. At that time, Ali rarely found a way to make a profit, and I remember that at that time, it was through the way of collecting membership fees from suppliers and buyers, which made a deep impression on me.

Pony, how about you? ”

Compared with Ma Yun, Ma Huateng said much less: "I think China's accession to the WTO is a very good thing for Internet companies.

My logic is that after China's accession to the WTO, the economy will develop faster, the economy will develop faster, the people will have stronger spending power, more and more families will be able to afford computers, and China's Internet enterprises will be able to have more users.

This new group of Internet users will also generate new needs, and in the future, Huaguo's own Internet model will also be born. ”

Regarding China's accession to the WTO, Zhou Xin has nothing to say.

Because of the benefits, various experts and scholars have done enough analysis to see how good it is to join the WTO in almost all public opinion fields.

Zhou Xin did not want to talk about the usual topics, he wanted to talk about the fact that if the WTO accession did not do a good job in the distribution of benefits, the superstructure would rely heavily on bubbles.

History repeats itself over and over again, in the 90's when the property bubble and hyperinflation were rampant in Shenhai and Qiongdao, which led to the technical bankruptcy of banks.

Similar problems will erupt again in the future.

In the 20 years since China's accession to the WTO, the problems have been alleviated by rapid development, but when the economic development stagnates, the distribution has not been done well, and the massive bubbles are superimposed, the economic problems will repeat in a cycle. Of course, China is too big, and the specific conditions of different places are also different, and the future will be a structurally seriously differentiated regional economic phenomenon.

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 Zhongguancun's Internet company and Ameriken's Internet company?" ”

Ma Yun: "There has always been a saying from the outside world that we were built on the foundation of Silicon Valley. Whatever business model Silicon Valley has, we will follow it.

I often see similar statements in the print media. Compared with Silicon Valley, Huaguo's Internet industry started later and is in a much earlier stage.

Of course, that's a big reason, but this year, I've spent more than half of my time at Ameriken, and I've been going to Silicon Valley a lot to talk to Silicon Valley entrepreneurs. ”

This is the advantage of good English, compared with Ma Yun, Ma Huateng was a company-apartment when he was in Silicon Valley. Ma Yun sneaked around looking for someone to chat. So much so that you can see sporadic discussions of his posts on local forums in Silicon Valley.

"I found that the first-mover advantage was one of the reasons. Another important point is the financial advantage. The cost and difficulty of starting a business in Silicon Valley are much lower than those in Zhongguancun. Any one of their good ideas can be invested in quickly, and then it is much easier to find office space or find the right engineer than it is in Zhongguancun.

I'm not saying here that in the process of starting a business, investors in China will always ask if there are any benchmark products at Ameriken. This is a factor that hinders the innovation of Chinese Internet companies, but it is not that important.

More importantly, it is more important to rely on the support of finance for technology entrepreneurship, the difficulty of finding funds for entrepreneurship in Silicon Valley is much lower than that in China, and entrepreneurs do not have to bear unlimited joint and several liability, and financial institutions have a high tolerance for risk. This advantage is what has ensured Silicon Valley's technological leadership over the past few decades.

Zhou Xin is an exception and can develop without investment, which is a very rare case. ”

"Compared with Silicon Valley, engineers in Huaguo are more diligent and hardworking, and have a fighting spirit. It's very difficult 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 it is difficult for us to guarantee a five-day, eight-hour working mechanism.

We need a lot of overtime from our employees, real-time feedback on customer needs and issues, which is difficult for engineers in Silicon Valley to do.

This also led to the fact that we had to put our development team in China. Overseas, there is only an implementation team. Moreover, Huaguo's engineers are technically no worse than those in Silicon Valley, and their salaries are even lower. Because our development team is located in Huaguo, Huaguo's consumption is far from comparable to Ameriken's in any way. And Silicon Valley is one of the most expensive areas in the whole of America.

Huaguo's Internet companies will have a certain cost advantage when they go overseas.

Of course, Silicon Valley also has the advantages of Silicon Valley, and the advantage of Silicon Valley lies in the industrial cluster effect, and their Internet companies are gathered in the Bay Area, which is very convenient for cooperation or looking for benchmarking companies. Then there is the financial advantage that Ma Yun just mentioned.

The financial advantage is indeed obvious, after Tencent relied on the enterprise QQ to enter Americacan, Ameriteng has someone to do business similar to the enterprise QQ, they can pull in investment when there are no users, no product model, and nothing.

Investment institutions in Silicon Valley will invest in you as long as they see that your founder's team has a good resume.

They will take the initiative to find the shining point of your company and find a rationality for their investment behavior. This was after the bursting of the Nasdaq bubble, at the peak of the Nasdaq bubble before it burst, and I can't imagine how crazy these investment institutions would be. ”

I forgot to set a schedule yesterday to publish.。。。

(End of chapter)