CEO Lee Colling: Never copy anything from America

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April 11 Afternoon news, Gathering time CEO Lee Colling today at the Stanford Business School sponsored the 2.0 forum, said the gathering era has never copied anything from the United States, so the business model is difficult to let us investors understand.

The following are the main contents of the Lee Colling speech:

We have been on the market since 2012, my English is not particularly good. When I was in the IPO, investors asked us, what are my weaknesses? My answer is that our weakness is that we have never copied anything from the United States, and our business model is very difficult for American investors to understand and read.

I think the difference is that when we go public, we must not live in our own world, we have to attract some American investors and let them know our business model. We hope to promote some of the original ideas.

In recent years we've been training for business, we are not just a technology company, including 70% of our employees are engineers, and when we get into this field of education, we launch education-related models, and we tell investors that we're going to use 1 billion yuan to invest in education, We sometimes worry about what investors think, it is fortunate that the American investors are very clever, they understand the ideas of our entrepreneurs, and he can support the management of the team, as well as related business, I think the company after the listing of a difficulty is how to maintain our original ideas.

I think the company to a certain scale, innovation slowly become more difficult, for us, our core is a technical field, we are mainly on the internet to provide voice and video transmission at all times, we provide a lot of research and development in this field.

When our company is a relatively single company, our main concern is the product, we are smaller, so focus on products, and in our growing and growing, our focus is still products, so we do not need to be in the leadership of too much change.