Jinsha River Venture Ding: Mobile Internet is far from mature

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Ding, managing director of Jinsha Venture Investment (Tencent Science and Technology)

Tencent Science and Technology (GU) March 28 news, the Jinsha River venture Capital managing director Ding today at the IT leaders Summit site received Tencent technology interview. Ding said: "The internet has just begun, especially the mobile internet has not really to the mature stage of development, not to a later stage of development." ”

"In the area of mobile Internet, there are a lot of new and bigger bricks in the IT sector." This is like the Spring Festival party lottery, the more the future award, so we do not feel that the awards have been taken away by others. Ding so stressed. Ding also revealed that Weibo was his first Internet application that was forced to use in addition to mail.

The following is a transcript of Ding's interview:

Tencent technology: You Tencent netizens, everyone good! Today we are delighted to interview Mr. Ding, managing director of the Jinshajiang venture capital, first of all, please say hello to everyone.

Ding: Dear friends, Hello!

Tencent Technology: We know that the Jinsha River in the past few years, in the domestic internet companies in the investment projects are very many, such as the handle network, how do you look at the current group purchase site development?

Ding: I think the group buying site is definitely a very new field, frankly speaking, this kind of high-speed growth, investors or many industry experts, is also feel stunned. Just joking, I said that when the Internet company listed, the traditional enterprise of the high-speed development of the Internet stunned, today the traditional Internet field of new applications of high-speed development also stunned.

This explains a very important reason, in the Internet field, the year before last and the year before last, someone asked me that you still invest in the Internet? Now the world does not invest in the Internet, why do you still invest in the Internet? I said the internet has just begun, especially the next step of mobile Internet development has not really to the maturity of development, Not to a later stage of development.

Now we look at the words, including three network integration, all kinds of applications, integration of hardware and software, I think in the future development will bring us more surprises. So can also tell netizens, we never give up their confidence, in the Internet field, in the field of mobile Internet, in the whole it field, there are many new, larger BRIC. This is like the Spring Festival party lottery, the more the next award, so we do not feel that the awards have been taken away by others, handle nets is a typical example, we will have more awards in the back, everyone has the opportunity to find it.

Tencent Science and technology: But at that time handles the net to melt 50 million dollar financing, many people all said is a grandiose case, how do you look at then the appraisal?

Ding: In fact you ask this question very well, we never use it alone in each case, but from its absolute number, absolute market value to estimate it. It is also proved that our investment team is very focused on the basic analysis of each company. In the industry, we give the valuation is not so crazy as other people, this is well-known, we are very careful for our investors, for our LP, so that they strive for the most substantial benefits.

But another point of view, we will not simply go to the pursuit of only such a little money, is not such a concept, the real good company in our view, the shot will certainly be shot. So we are not the kind of speculators, we are more concerned about the real value of the company, from its business model to market size, to its team, we will see the probability of its success in the end is what the risk is. So is its valuation, return, and risk proportional? If so, we will go in without hesitation.

Tencent Technology: The recent disclosure of a Jinsha River investment case, is invested in innovation workshop under the Star, you can talk about the Jinsha River in the mobile internet ideas.

Ding: On our website to see, we have all the cases on the Internet, I suddenly remember not very clear, we have a lot of mobile internet investment.

Tencent technology: Mobile Internet is a big category, you can not specifically talk about a few subdivision areas more optimistic?

Ding: This is not the same as my investment philosophy, and my investment philosophy is always to see where the next hot spot isn't found. So now there are hot spots, and the rest of us are going to find a good company from you. Frankly, this is not a difficult situation, the difficulty is like when the handle just came out, only more than 10 people, in the absence of income, so to see it, I think this is the enterprise we hope to find, so we will continue to adhere to such investment philosophy, really become China's best early investment enterprises.

Tencent technology: Now Weibo is very hot, including in the conference site, a lot of netizens have to send micro-blog, how do you look at Weibo?

Ding: I think microblogging is a very good email, I joked with them, I started 20 years ago to do the Internet, using the Internet, unfortunately, in addition to e-mail, I have almost no use of any new Internet tools, because I think probably not to use it, Basically the Mail has been enough for me to deal with all the day-to-day work.

But Weibo was the first Internet application I was forced to use in addition to emails, and it was simple because my friends were on top, even though I didn't want to use Twitter, but I would focus on what my friends were saying, so I could be the diver. But this also illustrates the influence and irresistible nature of Weibo, and I think it will be a very development application in the future and something that will go deep into everyone's future.

Tencent technology: Thank you very much for your interview with Tencent Network.