Udunder: The innovation of product and business model is inseparable

November 26-27th, 2013 venture Capital conference held in Millennium Hotel, Beijing. In the morning of 26th, "to meet the inflection point of 2014, to subvert, to innovate" as the theme of the dialogue, Udunder CEO of the Cattle network, the product innovation is the charge, business model innovation is to become, both inseparable. Through the user's good experience, can greatly reduce the cost of users, to accumulate a very large user base, so that the future business model can be realizable, and have enough to cash out of the business model. The following is Udunder's wonderful words: Udunder: In addition to the physical goods E-commerce, E-commerce service is now a very large market, including rental, recruitment, these are very large services e-commerce industry, and each is a very large industry, I think it should be a very large space for the next few years. How to look at product innovation and business model innovation? I think these two are inseparable, in our words, product innovation is the charge, business model innovation is to cash. In many business models, the charge is basically products, including 360 of safety products, including McDonald's stores these are products, or services. Through the user's good experience, can greatly reduce the cost of users, to accumulate a very large user base, so that the future business model can be realizable, and have enough to cash out of the business model. But there is no business model that is not enough to charge. On the one hand, there is a large number of mergers and acquisitions in the process of charge, or our initial provisions, we can take this model to do, or at the beginning of the confidence to gradually realize, can also play a very large role in promoting. So the innovation of business model, is how to better use product innovation brought products to charge customer base and flow, he really create prices, not only to create the value of users and products, but also to create the value of the company, this is the two legs, less than one. In products and services on the continuous innovation to lower costs, higher efficiency, to give users a better experience, this is the pursuit of all of us. In this process, there are too many mature can be used to use the experience, but still need to be based on our respective markets and face opportunities, and their status quo to improve. But I think there are a lot of things in common, for example, we may spend a lot of time on execution in the early days of our business, and spend a lot of time on products. Every entrepreneur will want to do things well, there will be a lot of time to improve their products, to receive e-mail, feedback, to communicate, to ponder the details of each product, each competitor's details. Most companies do not want to do things well, the key is to do everything well, will consume us a lot of resources, so focus is very important. 2nd, we can spend a whole period of time to think deeply, how can we promote the user experience in a sustainable and long-term way, and we can make consistent and continuous improvement instead of passively being in front of usImpending a little problem interrupted. One is focus, the other is constantly turning around, and the efficiency will be higher.