Rebirth of Northland Technology

"The first thing that cannot be done is financial innovation. Anything can be used for innovation, but finance cannot.

Because the game of financial innovation can only be played by the rich and big capital.When financial innovation jumps into any traditional industry, it actually stifles the creativity of the industry itself."

"What is financial innovation? What does financial innovation mean?"

A group of young people in their twenties have heard this term for the first time.Most people are in engineering circles, and the ones who have the most contact with finance are just the stocks in their hands.

"Let me give you an example. Yuan Shuai, you opened a restaurant next to the school. In the face of fierce market competition, you finally decided to adopt a financial innovation method, which is to provide food for free. This method is used to attract people."

"Free food? How is it possible? What am I pictured?"

Yuan Shuai disagrees at all below.Today he was used as an example several times.

"There are two purposes here. The first is that after you free the food, you kill all the surrounding competitors. The second is that you can earn advertising fees from these users."

"Advertising expenses? For whom?"

Everyone did not understand the logic here.Now even advertising on TV and newspapers is a new business.

"Well, in a word, don't use free strategies and loss strategies to grow your business."

"Ok."

A group of young people laughed and agreed.No one understands the money-burning economy that is about to happen.

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When it comes to financial innovation, the first thing everyone thinks of is bike sharing.

But before it, most of the Internet industry, especially China's Internet giants, had its shadow.

Whether it’s Jingdong or Fighting Duoduo, every group and so on will burn money every day.The path to success for these companies was paved by a round of financing.

Their success is not the success of products and technology, but the success of capital.

It is the power of capital that supports them to the top of the pyramid.

The success of the Internet industry, especially China's Internet industry, is a capital carnival.

Many people disagree with this view, thinking that the Internet is a creative world, an innovative world.

However, there is a well-known saying in the investment circle, investment projects, the investment is actually people!

I believe in publicity. Those who rely on good projects, good ideas, good technology, and get investment can wash and sleep.

The Internet circle is much smaller than everyone expected.Without the recommendation of acquaintances, your PPT is simply the life of the trash can.

Traditional industries can also rely on products and technology to win.The Internet industry does not even have this opportunity.Especially in the middle and late stages, this industry is completely dependent on relationships.

Without the support and approval of the big brothers, the poor guys want to come forward, just kidding.

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The Internet industry, with a brand-new business model and a huge amount of capital, enters the traditional industry, bringing traditional enterprises and shops to the end of the disaster.

There will be no problem.

But the only thing that can be accomplished is capital. More money wins. This is a problem.

For example, it is the general trend that online transactions replace traditional commerce.But relying on the direct impact of capital power does not give merchants in traditional industries a chance to transform and change businesses.

Not to mention these emerging models, they also enjoyed a series of special support such as tax exemption and invoice exemption in the early stage.This is similar to the development and growth of the tax-free economy and even the smuggling economy in Shenzhen in the early days.

In the traditional business model, everyone is competing for product quality and service quality.But none of this makes any sense in the face of free or low prices.

The greatest innovation in technological development comes from small and micro enterprises, not from large enterprises and large consortia.

Relying on free and loss-making methods to grab the market will harm the interests of these small and micro enterprises.

The money burning method used by the Internet industry, if placed in a traditional industry, will immediately be blocked by the Unfair Competition Law.Selling products at prices below cost is not dumping. What is dumping?

Product innovation, technological innovation, and service innovation are all vulnerable to financial innovation.

If there are no restrictions, the companies and allies of the Optoelectronics Department, under the jurisdiction of massive funds and the PlanB platform, enter the uncivilized domestic Internet industry, what the world will become in the future is simply unimaginable.

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"The second thing that is not allowed is that wool comes out of pigs."

"What's this talking about again?"

"This is a business model. For example, Yuan Shuai, your restaurant provides a new kind of service. For example, as long as you are a student at school, you can eat a meal or something for free through your student ID information. In this way, everyone’s contact information is collected, and then they can sell other products to these students."

"Is there anything wrong with this? Why should I provide food for free if it's not for promoting products?"

Everyone in the room did not understand the problem here.

"Because of your financial strength, you can afford to attract users through free services. This method is not available to others."

This reason reluctantly convinced the students.

Now everyone's vision is high, and their eyes are on the international advanced level.Back in China, to compete with small businesses and small businesses, and to use these methods, everyone feels a little dismissive.

But in fact, the logic behind this is far more complicated than this.

When wool came out of pigs, a cross-industry synergy problem appeared.For example, by obtaining a monopoly in the pig industry for free, and then gaining income in the sheep industry.

Wool comes out of pigs, this innovation that everyone talks about is not in line with ethics.

First, it killed competitors in the pig industry with a free method.

Second, it destroys the privacy and trust of users.The information provided by the user is provided in the pig industry.But businesses do use it in the sheep industry.

Third, it used its monopoly in the pig industry to enter the sheep industry.

In a society with relatively sound business ethics, the only thing this merchant can do is to advertise for sheep manufacturers in the pig industry instead of entering the sheep industry.

Even if this merchant must enter the sheep industry, it cannot use information about the pig industry from within the company.

Many people in later generations are saying that in the era of big data, data is the new gold mine.

This slogan is dangerous in itself.That is, these companies are ready to make money with the user's joy, sorrow and joy data!

Who gave you this right?

Some time ago, Facebook got into a big trouble, that is, a third party can access Facebook's user data through the interface.FB's last apology, and a divine change and promise, avoided the fate of being split.

But in China, this is not a problem at all!

Many companies are doing these third-party businesses themselves.Direct drainage is enough!How did Pinduoduo get up?

TX has been self-promotion, they have invested in many companies, the value of which is equivalent to reinventing several TXs.But which of these is not using his social platform?

What TX does has never happened in Europe and America.ICQ, MSNmessager, YahooMessager, and even Skype have not achieved TX's achievements, because they always abide by their duties.

Communication tools are communication tools!

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There is a more important logic here, that is, large enterprises need to have the responsibility and responsibility of large enterprises.

No matter Google or FB, when I grow up, I have advertised myself as tall.Don't say right or wrong, don't tell the truth or false, at least put a layer of shackles on your behavior.

In China, no matter how big a company is, it doesn't have this idea.

The Baidu medical advertising incident, etc., is the true manifestation of this situation.In these savagely grown companies, there is only one word in their eyes, money.

This is a clear proof of the capital control industry.Take people's money and eliminate disasters with people.

When a company takes financing, listing, and even performance as its sole goal, its results are predictable.

In the United States, a core criterion for judging whether a company constitutes a monopoly is whether the company hinders the innovation and development of related industries.

In China, it is no longer a problem of blocking industry innovation. It has actually killed all competitors in one industry after another, and how many sub-sectors have died out.

Cheng Yongxing has been engaged in mobile game development and has a certain say in this issue.

Microsoft, just because it integrated a browser into the product, was almost split.

Is this possible in China?

How many functions are integrated in wx and OO, and how many services are split?

Due to the lack of relevant laws, these large companies have been rampant in China.

Nanshan Pizza Hut means that only it is copying others, and there is no possibility of others copying it.

Western society often has the most happiest companies, the most respected companies, and the most desirable companies for job seekers.

What are these things in China?

What Chinese companies are most proud of is the overtime hours of their employees!Military management!

Not only Internet companies, but the Sanlu milk powder business has not been long since.

The rise of great powers must also promote peaceful rise.

But China's upstarts, no one cares about these corporate images.They don't even bother to do propaganda and cover up.

These big companies don't talk about ethics with you at all.No matter what you talk about, they demand that everything be subject to legal judgments.

At the same time, they influence and intervene in the relevant legislative process.

Facebook’s privacy breaches, when do you need to rely on literate lawyers to judge?The FB boss was directly called to the Congress to explain himself.

In a famous Internet war ten years ago, the court ruled that TX monopoly was not established.

Isn't this a joke?

Nanshan Pizza Hut, is the popularity of this term really something to be proud of?

If the current law does stipulate that TX monopoly is not established, is there something wrong with the legal system itself?

Xianggang’s real estate agents kidnapped Xianggang’s laws and policies, and the country paid a huge price.These new economic giants have kidnapped China's legislation.

The reform has indeed changed people's thinking. Everything is based on money, replacing the previous ideals.

But the result is that all people have money in their eyes.

Whether measuring a person or an enterprise, the only criterion is to look at the money.

Evaluating whether a person is successful is how much money he has.

To evaluate the quality of a company is how high its salary is and how many stock options it has.

Professional ethics?

Business ethics?

Winner and loser!

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In this world, due to Cheng Yongxing and the special influence of this speech, many games have begun to have basic moral bottom lines and rules.