NET CEO Yang Hao Chung Dialogue CCTV "entrepreneurial Angel"

What are the biggest advantages and core competencies of mobile Internet?

Yang Hao-hu: A lot of people in a large part of the Internet time has been occupied by mobile phones, mobile internet to solve a user anytime and anywhere needs, through the mobile phone can get more knowledge. So I think it is the trend of development, this year is the outbreak of a year, very fast.

Do the opportunities outweigh the challenges or challenges outweigh the opportunities in the mobile internet business?

Yang Hao-hu: Surely the opportunities outweigh the challenges. Now the good product is not enough, in this case you do the product, as long as you can get enough users, such as 10 million people every day in the use of your business, you must be very very good opportunity. So this is a market that has not yet been fully competitive, and certainly the opportunities outweigh the challenges.

How do you handle this degree from a mobile social to a realizable process?

Yang Hao-hu: No matter what kind of products, now consider the change is a little earlier. Now the mobile internet is a bit like 2000, 2001 or later 2002 years of PC Internet, at that time the big portal, such as Sina, NetEase, did not find a good application model, because the whole big ecology is so. This time in fact more should be their own users do well, and so the user volume is very large, or two or three years, these big advertisers, to advertise the possibility of higher, so I think this can not be too hasty.

What is the relationship between investors and entrepreneurs?

Yang Hao-hu: I think a healthy relationship should be a win-lose relationship. Select the investor first to see if he understands your entrepreneurial project. Investors do not understand the situation, cast after the discovery is not the case, the company is not as smooth as expected, and then began to intervene, this time the contradictions on both sides began. Good entrepreneurs need to reach a better consensus with investors, and in the financing of the advantages and potential risks to communicate with investors fully. The most important point, in the election of investors, I will choose to talk to me with investors, his patience is sufficient, he understands this project, I think this is very important.

What do you think of the gambling agreement?

Yang Hao-hu: I am very, very not supportive of the gambling agreement. Because the betting agreement is the same as when you run a company, you hook up a company's performance to the founder's performance. I think any great company is looking at the long-term, the founder of the company must not be for two years of performance, he has a big dream, the company 10 years later is a very great company. So the founder is often able to withstand loneliness, he will sacrifice many short-term benefits. I think the market is also, because our platform also need to do advertising, collect money, then bad business owners, liars, you let him in? It's obvious that the ads do too much at this time and affect the user experience. The agreement on gambling can win, short-term is won, but the long-term is lost, because you hurt the user experience, there must be no good results. So I think it's impossible to sign a bet anyway. Prefer to lower valuations, or less to make some money, not to gamble. I think it's like gambling that you sacrifice your long-term plans for short-term rewards.