Liu Dexian
The rapid progress of China in the field of science and technology is related to all policies of the government. One of the factor that cannot be ignored is that China has rolled 4G from 2011 to 2012.4G has spawned many new technology companies and new operating models in China, allowing China to overtake quickly in the field of science and technology.
There are many unicorn companies in China began to develop around 2012.Alibaba was initially lost for 11 years. It was listed in 2014. It achieved profitability three years before listing, but in fact, the profit was to go public.In the past 11 years, Alibaba has been losing money because with 4G spreading and smartphones, its business will make rapid progress and surpass many other companies.
Traditional enterprises are also possible because of 4G.We talk about data this morning. If you make good use of data, companies can change its business model and compete with opponents. This is also good for traditional enterprises, so I think 4G is very important.
In the few years from 2012 to now, all the changes we feel. After 5G was rolled out in 2020, we will repeat it. There may be many companies that we can't think of.
Low the technology content of Chinese unicorn
As for the business potential of China Science and Technology, Chinese companies are smart and hard, and they will definitely catch up or even surpass the United States, but this takes time and requires a lot of investment.
When we talk about Chinese unicorn companies, we must also see how much water is.The main measure of unicorn is to look at its valuation. American companies have a high scientific and technological content, because its market is small, not as large as China, and the business model value of the enterprise accounts for relatively small in the valuation of the enterprise.However, Chinese companies are in turn. Its great value comes from the business model, and the proportion of scientific and technological content in valuation is very low.Therefore, the value fluctuations of Chinese unicorn companies are far greater than the value fluctuations of American unicorn companies.
In addition, in terms of talents, the American scientific and technological achievements contain the contributions of China and Singapore today. Why do you say that?
Taking Singapore as an example, the Singapore government has cultivated a talent. From elementary school to university education has government subsidies, basically cultivated for 18 years.After he went to the United States to study for a master's degree, he also had to pay at his own expense. After graduation, he stayed in the United States after graduation, such as working at IBM.Therefore, basically IBM has today's achievements, the cultivation of most talents, the previous 18 years was abroad, and in the next two years he paid for the United States for further studies. The United States also made this tuition fee. His last contribution belongs to the United Statesof.From here we can also think that if the liquidity of talents has changed significantly in the future, the competitive advantage of American companies will also weaken.
This article is a lecture record at the closed -door meeting of the new Chinese forum jointly organized by Hiroshima Investment Partners and CEO Liu Dexian on November 6th. After being deleted by the editorial department, the lecturer agreed.
There are many unicorn companies in China began to develop around 2012.Alibaba was initially lost for 11 years. It was listed in 2014. It achieved profitability three years before listing, but in fact, the profit was to go public.In the past 11 years, Alibaba has been losing money because with 4G spreading and smartphones, its business will make rapid progress and surpass many other companies.
