Whether it is her personal, or create everything, in the electric business is absolutely unique

Conference Moderator: Thank you, Li. Whether it is her personal, or create everything, in the electric business is absolutely unique. Below also enter our last link this morning an interaction, is also send the annual meeting one of the most exciting repertoire, cattle see electricity.

Shenyin: The first question we all know in the past two years, the electric business has been changeable, we see a lot of fun things, everyone here is the Bureau, we look at the future from 2013 2,3 the environment will be better, or worse, what are your reasons?

Li: For me I just never felt so good, how bad. I'm especially happy when people around me scare me. They told me that this will die, I said to do a thing why old want to die, I used to do the media particularly bitter, but listen to the death of a special few, we are very positive energy, I think to do the electrical quotient negative mood is very much, I especially believe that evil is not pressure positive. That day we do the program Shi Yuzhu went, he said a word, my character is I do not accept I have been complaining, I do not do. He said a bunch of smart people do things, do wrong, do the right thing to do. I think 80% analysis of myself, 20% analysis industry, for example, for me, I have a lot of pressure, we have no financial pressure, but we have flow pressure, I have been thinking about how we put a big risk into 3 small risk, for me, I spent 2 years to become a media card is profitable, Le Bee's profits are flat. For me, my free brand, my hardest over the past 3 years has happened too much so I can not stand things, we are about hundreds of people's team, recruit individuals also cheated you, but also take you a lot of things. I am another circle of people, I think how he can do so, people are gone, but more than 200 people's team, I can not say I inseparable from who, at least already started very orderly operation. We should be in next year and after for me this company, my this kind of defense is strong, in last year, the years ago scare us too many people, because I do not understand very much, the person who comes to say you this light make cosmetics estimate dead, I want to say thank I still alive. I think we will be more and more good, we have no money in the media, so difficult, to small broad, each television station how many programs, we only have 2.

Shenyin: Will the competition become more and more intense, you have a big competitor?

Li: We have some verbal warfare with us in fact, you look at the data, all of us are competitors, if such words are also poly-United States competitors, we do cosmetics we will go to Parkson, I feel to make their own personality, make their own way to profit, to make their own a practice of special importance.

Shenyin: Do you think the electricity business environment is better or worse next year? Your reasons.

Gege: I think the electrical business will continue to develop, with the advanced countries in Europe and America know, his internet penetration rate, net purchase penetration is far higher than China, I think the potential is still huge. The second competition will continue, but the competition will be more smooth, not just value, he will be the value of competition, not only value, but also services, systems and so on a complete customer experience.

Shenyin: Many are saying that in the next year or two the Chinese economy is in a downward cycle and the adjustment cycle is not as good as in previous years. Does this affect you?

Gege: For the electric business is the positive data, the price of electricity is better than the traditional, save some costs, to the offline purchase customer expectations better, to the economic downward trend, to the electricity business is not bad feeling.

Shenyin: Domestic large-scale supermarkets, supermarket chains do appear close to the phenomenon, the original shop, the chain of supermarkets now similar to what you know, like family life are promoting, this is a good for you?

Gege: I think this is an irreversible trend, I talk about the Kodak example, every traditional retail, this is an irreversible trend. Line down on the same drop, to give you all the services in place, so that a traditional offline retail is a localized service, localization of the infiltration is towards this distance possibilities.

Shenyin: I know you are in the country all do research people inside you talk about the future of a lot of talk about the trend of a lot of talk, when we talk about the environment, how the future environment, the competitive environment, what is the judgment of the electricity quotient?

Wu Bofan: You just said the downward spiral of the economic cycle, we can not find a common sense of a bright spot, in the next few years we will be able to rise in the economy as the basis could not find, we might as well think he may be down, China E-commerce Real, 99, 2000 began to do, Ali Baba did, really up is 2003, All aspects of the SARS-induced depression of course there is his special reason, forcing us to find that this can also do business, some people say that 2003 is the first year of real E-commerce, which a lot of people online to do business-to-business mode, not too affected by the cycle, or even counter-cyclical, there are many industries, The relatively close industry associated with price/performance is often countercyclical. The 2014 does indeed have some challenges, due to the internal competition in the electricity market, the business model has become very important to explore, starting from the price to the value of the competition this must be a path, on the words of the brand, some pure platform of the electric quotient, They finally found that they always look forward to the goods in and out of the price is never make money. If he's big enough in here to be able to greet other business models out, large data development, through large data, to some extent to sell data, the most important is not to sell, according to his insight, even to do a business model by the retailer and the manufacturer. There are trade finance, supply chain financial business model out. So when life is not easy, it may just force the industry to give up some old industry assumptions and be forced to innovate. 2014 is not a traditional based on the PC end of the electronic business to the mobile operator, the two years just opened a head, we do not know where the serious situation here, the location of the relevant, non-planning type of purchase throughout the purchase accounted for a larger proportion. We used to sit on the computer money to buy something more or less planning, women are impulsive, and then the purchase of the probability of greater. See a person in the street, the girl saw this skirt very good sweep, she immediately purchase the possibility is very big, and the traditional electric dealer is different.

Shenyin: What do you think of these traditional enterprises, the transformation of the electric business 2014 is what kind of situation?

Wu Bofan: As long as it is that kind of thinking, before long write a small article, for example, the mobility of IMM and mobile IMM is completely different, the Internet of the media, and the real mobile Internet is not the same thing, we are not a successful paper media transformation, mobile phone QQ and micro-letter is completely two things, we do not understand the mobile internet, What is the difference between this and mobile phone QQ, our traditional retail, traditional retail transformation to e-commerce, may be a bit controversial is that the traditional e-commerce to mobile e-commerce transformation This is not a morphological change, is a genetic transformation, if not complete this transformation is really difficult. Including Wal-Mart, my impression is that 97, the United States of America's headquarters of a Wal-Mart, he did the site and Amazon about the same time, but he has been doing a bad job, because he always expressed I have a thing, all the traditional retail of this kind of e-commerce has problems. Retail enterprises and traditional retail enterprises often in response to climate change to deal with the transformation of E-commerce is completely not possible.

Shenyin: You are doing foreign trade, internal and external environment is different, you are more to the world's economic situation, China's economic form more sensitive, you judge what kind of?

Wang: Our view on the foreign trade industry, 2013 is a more clear I think the inflection point to come, the foreign trade is facing an unprecedented good development opportunities, I think there are two aspects of the impetus behind. We also talked this morning about China being made from China to the time for China. I think the plight of China's exports in the past few years, very much agree with the 2003-year SARS, he for the emerging innovation and change, in fact, has brought a driving force, otherwise we are doing a good business, it is impossible to think of new channels, I think China wants to preserve our status as a strong nation globally, from the simple goods trade in the past to more service-oriented trade. E-commerce is the best natural channel and integrator, this service, the related industry services to bring in, this is a big impetus, recently saw some very obvious examples, the place began to become more and more pressure, how to help local foreign trade enterprises to transform and upgrade. Yiwu in the financial crisis also did not feel like other coastal cities such a cold atmosphere. 2007 local leadership also profoundly feel the Phoenix Nirvana, how the traditional foreign trade mode has the transformation and upgrade.

2nd, no country in the world can be compared with China has a large number of small and medium-sized enterprises, China, in addition to the year before the release of data 40 million to now 60 million of small and medium-sized enterprises. Domestic trade like Taobao platform, he basically occupies more than 90% of the market share, the most important reason in China has a large number of small and medium-sized micro-enterprises in the Internet to do their business, not second-hand, in the support of the platform they have more and more opportunities to market their own products. China's domestic trade dealers, China may be across many Western developed markets, a certain region to the chain, the electric dealer is a huge chain of channels to compete for market share. China does not have a very strong traditional national, chain of the offline system, which gives domestic manufacturers a very good opportunity for development.

Shenyin: Do you think the foreign trade electric dealer in a big inflection point, for your past years to do foreign trade E-commerce enterprises