Shong: IDG has invested more than 20 mobile internet companies in the past 1 years

August 2 Morning News, Macworld Asia 2012 Digital World Asian Exposition opens today. Shong, the founding partner of IDG Capital, said at the meeting that IDG Capital had invested more than 20 mobile internet companies in the past year.

Shong said that investment needs to see the "River", bet right to make money. "It's important to do the VCS, and be sure to look at the river." Although in the river may encounter bends, the boat capsized and so on condition, but as long as floods can make money. ”

Shong's so-called "river" is the dominant technology that occurs every more than 10 years, such as chips, PCs, and the Internet.

Shong said that IDG Capital had successfully gambled on the Internet ten years ago and is now more bullish on the mobile internet industry. He revealed that IDG had invested more than 20 mobile internet companies in the past year.

Shong pointed out that after the river, but also need to watch the team, to find a good helmsman, because the good helmsman can protect the enterprise not in the river "capsized."

Shong that the domestic 3G users reached the scale of 300 million people, domestic mobile internet companies will usher in big development. He suggested that mobile internet companies "Don't worry, you can burn VC money." ”

For the future of mobile internet business model, Shong is not optimistic about the internet era of advertising mode. He believes that the future of mobile Internet profit should be outside the advertising model, such as content fees.