Dialogue Jerry Yang: Yahoo ten years just take the first step

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Moderator: Your visit to China deliberately arranged a 10 anniversary of the dinner, ten years of entrepreneurship to today's achievements, you must have a lot of feelings?

Jerry Yang: I am really a person who likes to start a business, and I prefer something innovative. But by chance, Yahoo has been here for 10 years. 10 years, the internet market from a nascent industry to today so large an industry, Yahoo from a small campus company to today to become a world-renowned brand, for me all this is very good. But over the past 5 years, the Internet has changed a lot, and new business models have sprung up, and I've always felt that Yahoo can withstand these tests. Yahoo has the status of today, I am very proud.

Moderator: Yahoo success story Everyone is familiar with, on the 10 anniversary of Yahoo, as the founder, do you think there have been any mistakes in the past ten years?

Jerry Yang: My own feeling is not. Because whether it's my decision or the decision of the company, every decision we make is the best decision of the day. We go this way, ten years from empty-handed to the present, there should be no big mistake, the market is up and down we can control. I personally think that the choice I make is mostly right, maybe some small mistakes, for me the most important is the company's long-term development.

Moderator: What is Yahoo's harvest for you? What do you expect from Yahoo?

Jerry Yang: I think in recent years to be able to start a successful business is my great harvest, the other biggest harvest is to be able to work with world-class, like semel such people, is a very rare opportunity. For Yahoo's expectations, I hope that Yahoo has a long-term presence in the world, which is my greatest expectations. The past decade has been just the first step in Yahoo's path.

China: The best market is still in the future

Moderator: How do you judge the environment of the current Chinese internet market? Does this visit mean a new start for Yahoo in China?

Jerry Yang: China's market is a long-term market, in the future will be a big market. However, I think that the market has not been fully mature until the last two years, even now, whether it is the number of netizens or content, technology, is still in development. So I think the best time in the Chinese market is still in the future. For example, the search market is now the beginning, our acquisition of 3721 is a great investment in the Chinese market, but also a big affirmation of the Chinese market.

Moderator: Yahoo entered China almost no progress in the past four years, you have seen the Chinese market, that Yahoo is likely to become China's first internet company?

A: The Chinese market is long running, to see more than 10 years 20 years of market, so we are a long-term investment mentality into these different markets, Yahoo in China can be a good global technology with good local talent, and thus become a very successful internet companies in China.

Moderator: Yahoo has a different strategy around the world, and there are good and bad developments everywhere. What kind of consideration is the only search and online auction business in China?

Jerry Yang: Four years ago we began to invest in China, and last year began to increase investment in China. The search business is a great opportunity for the world, 3721 to join the Yahoo family, in China, we will have a greater role in the search. On the online auction business, we think that online transactions will have a big market, especially in China, I think this market is just beginning, Yahoo has a global brand, there are good technology, in Japan and China's Hong Kong, Taiwan and other regions also have auction platform, plus Sina's brand, we Yahoo in this market will be very successful.

Moderator: What do you think is the biggest challenge for Yahoo to develop in China?

Jerry Yang: As we all know, we always feel that the biggest challenge in China is how to localize our products, so this time we can merge with 3721, not only merging, but also joining so many good people. and the joint venture with Sina, is our localization practice.

Me: Running a marathon

Moderator: Yahoo has been very successful, there are semel such a CEO, you now in Yahoo to assume what role? Will you rest?

Jerry Yang: I think as an entrepreneur, the best time of the decade is to spend the past three years with Semel and these very elite managers, and more importantly, in the last three years we've reformed Yahoo and turned it into the first place on the internet today. If you ask me if I will leave my favorite company to do other things, I think I will continue to work hard. We see the trend of the Internet, in the next 10 years we have been talking about these potential will erupt, so the next 10 years is Yahoo's best ten years, we have been suffering for ten years, for the next 10 years more brilliant I will work hard.

Moderator: You are a lot of Chinese idol, and Yahoo in China is not very successful, you have no regrets?

Yang: Perhaps it is my personality reasons, perhaps my entrepreneurial spirit, I have always looked forward, do not look back, so for the Chinese market, really no regrets. I am still a long career, I hope to be able to make a greater contribution to the Chinese people, the Internet to do a greater contribution.

Moderator: Can you describe your current lifestyle?

Jerry Yang: If I say my lifestyle, I want to emphasize that I'm running a marathon. Based on this long-term consideration, I think more about how to change the Internet in the future. Although it is also working very hard, but also to maintain a balance, to maintain a long-term effort.

Moderator: With the wealth, status changes, your values have not changed?

Jerry Yang: No matter how busy the work, my personal values are unchanged, family, friends, for me are very important.

PostScript: Partner

Author: June, Mao

Let's not say Jerry Yang and Semel work is not the best match, but you can see, two people together is very happy.

Although a lot of their information was read before the interview, the first interview changed a lot about their impressions. These two highly-valued billionaires are not as thick and rigid as they are used to be, in other words, "self mode".

Yang Zhiyuan looks more like an American-made Chinese bad boy. Jerry Yang walked into the release of 200 people, the pace of loose like to participate in a friend party, he is Yahoo twenty or thirty people's team is the only man without tie, facial expression is also unusually rich, as if the side of every reporter is his friend.

From Hollywood came out of the Semel is not more businessman temperament, but more entertainment flavor, he is very much in line with the media photo, and even with Jerry Yang shoulder, give the public an "intimate modelling."

In the interview, there was a reporter Jeancemel talk about "people to middle-aged feeling", Yang Zhiyuan first smiled Shanghua way: "Not so old, I do not like this problem." The whole audience laughed.

This is the pair of partners who are running the world's best-known internet brands.

Jerry Yang "accidentally" founder of Yahoo, and did not experience too many hardships, on the successful listing in 1996, all the way soaring, 2000 followed the concept of the Internet to climb to the top, and then Yahoo's market will also follow the network economy together.

2001, Jerry Yang invited Semel, Yahoo's fate began to change. Mr Yang's decision proved to be correct, and by 2002 Semel had made Yahoo, the six-quarter-quarters-without-profitable company, a comeback. Figures prove that Jerry Yang and Semel is a good partner: Semel two years after taking office, Yahoo profits rose 470%, less than three years in office, at the end of the last quarter, Yahoo turnover is close to 500 million U.S. dollars!

Yahoo in China's internet industry is still backward, Yahoo in China to do two business is not widely bullish, do not know the arrival of Jerry Yang and Semel, can reverse the situation of Yahoo in China, so that the Chinese founder of Yahoo in China can have a place?