Kai-fu Lee: The Internet is an inevitable trend

"Can it be replaced by a slowdown in real estate?" Innovation Factory chairman and chief executive Lee Kai-fu, the contribution of the two can not be compared, the real estate like a snowball, promoting a lot of industries, and the Internet revolution and the Industrial Revolution, the subversion of many industries, bringing jobs also brought unemployment, but the long-term impact is enormous.

Lee pointed out that it has overturned the current rules of the game: 1 Traditional industries (decoupled, cheaper, faster) up to three pick two, but it can be both equal, 2 software marginal cost close to 0, 3) internet sales = Market channels, 4 the Internet to eliminate intermediary channels, increase efficiency, 5 to streamline entrepreneurship (lean start-up) era, open source + electronic store + social marketing allows the lowest cost to start a business, verify the idea.

The following is part of the classical quotations of Kai-fu Lee:

1. Q: In the past, the real estate-driven Chinese economy has driven 42 industries and provided a lot of jobs. Can it be replaced by a slowdown in real estate? I believe: After 50, economists will think that the Internet contribution is greater than real estate, but the two can not be compared; real estate like a snowball, pushing a lot of industries, and the Internet revolution and the Industrial Revolution, the subversion of many industries, employment and unemployment, but the long-term impact is enormous.

2. "Q: If the economy slows down, how do you look at the Internet?" A: 1 the essence of the Internet is to eliminate intermediary channels + increase efficiency, so in the economic slowdown, the Internet will be more used (such as the use of Internet advertising to achieve better returns than traditional advertising, see more micro-bo buy newspapers, etc.), 2 regardless of economic growth, mobile, Social, E-commerce is the inevitable trend, but also provide good growth and investment opportunities.

3, China is particularly suitable for it business: 1 Foreign It technology gap is small, 2 the Chinese market is huge, 3 is relatively fair, less latent rules of the entrepreneurial environment, 4 with less involvement with national capital, exit by acquisition or overseas listing, 5 VC/PE system is relatively complete, 6 of China's entrepreneurial and engineering talents, hard work, and low cost, 7 in line with government Twelve-Five planning, Policy Support (Guide fund, Talent introduction).

4, it domain Subversion game rules: 1 traditional industry in (decoupled, cheaper, faster) up to three pick two, but it can be both equal, 2 software marginal cost close to 0, 3) internet sales = Market channels, 4 of the Internet to eliminate intermediary channels, increase efficiency, 5 to streamline entrepreneurship ( Lean start-up era, open source + e-store + social marketing allows the lowest cost to start a business, verify the idea.

5. How do graduates get a choice from a number of companies? 1 each standard that you care about, 2 each standard according to your importance, give a weight, 3 each company according to each standard grade, 4 weighted after each standard rating is the company's score, 5) ask you to trust and objective people to score according to each standard, you can get different points of view, not preconceived.

6, graduates should be considered in a variety of careers: 1 The job whether you are interested and gifted? 2 Do you recognize and respect corporate culture? 3 Do you respect the leadership and think you can learn a lot from him? 4 does the company provide training and learn if you want what you need most? (For example: to a large company to learn entrepreneurship as a start-up company), 5 your job is the core business inside the company? 6) treatment, company brand and so on.

7, "Only the crown and the Battle of Apple": 1 only the Crown has done a product called the ipad, failure cancellation, 2) 8 years later, when Apple named the ipad, the Low-cost acquisition of the only crown of the Greater China region's trademarks, hastily uncovered details, 3 after the crown bankruptcy, looking back on the ipad license, I was pleased to see the authorization in the year of wrong, It started with the right to defend the packaging, to blackmail as a means of the sky-high lawsuit, 4 final settlement: Apple for negligence to pay to deal with but more appropriate price.

8, how the leader to get the trust of the team: 1) Firm and reliable: no matter how challenging the challenge, at the critical moment, the leader to carry the pressure, at any time, for the team to pay, 2, the integrity of the same: leaders to honor their promises and commitments; deeds, never do a set, 3 Trust team: Trust and delegate to the team, To gain the trust of the team.

9, "Speak before the three sieve: true, good intentions, useful" Socrates told the students: before talking to the first three sieve filter, all things to be true, good intentions, useful to say, otherwise than silence is gold. Not true, well-meaning, useful words why say? It only causes trouble. If you listen, you must refrain from spreading. Let us not be the originator, nor be used by others as the disseminator of right and wrong.

10. There is a direct relationship between success and interest. In the face of things that are not interested, may only produce 20% of the effect, if the event of interest, may be able to get 200% effect. To maximize your productivity and influence, find what you really love to do. Interest-driven work will give you the desire, the will, the focus, the self-confidence, the positive attitude to work. Then success is not far from you.

11, "Do not become an urgent slave, the important thing for the first" someone is very laborious in sawing wood, the old did not see the end, the new sent again, piled more, constantly working overtime. The tub friend reminded him: "Your saw is blunt, so the efficiency is very poor, the grinding and then saw!" he said: "There is no time to finish the work. The kind-hearted man still does not give up and asks:" When will you sharpen the saw? "he said," I'll finish sawing all the wood. " ”

12, "to young people's microblog advice" do not just use micro-blog to see gossip, social, game microblogging is a good learning tool, and let you just click on "Attention" can get a teacher. Don't be quiet, don't dive. This is a great opportunity for the silent public to sound. Even a "forwarding" is one of the mechanisms of the wisdom of the masses. It is sacred to learn to write well and to influence others positively.