Dialogue Cai Wensheng Zeng Li Qing BAT where is the opportunity for entrepreneurs

 

allcomm investment chairman Ceng Liqing (right) and chairman Cai Wensheng (4399 in)

in spring 2014 finals Chinese innovation

this afternoon, China angel in two "after 70" Big Brothers – Cai Wensheng and Ceng Liqing, as the 2014 innovation Chinese spring finals judges mentor, boarded the Show station before the ultimate PK, and accepted the "entrepreneur" magazine executive editor Fang Hao site visit, the following dialogue:

Q: the last two years BAT continued to increase the acquisition and integration of Internet efforts, in this environment, the two look at how the current Internet business? For new entrepreneurs, the competition is not more intense than before, there is no chance of

?

Cai Wensheng: we have always felt that BAT monopoly, but from the other side, ten years ago, the market value of BAT is very small, it is impossible to spend a lot of money to buy the canal. Now they are on the scale of hundreds of billions of dollars, will spend a lot of money to buy, such as 91 wireless. This makes our business more and more worthwhile, we can sell it at a high price.

of course, in this case, you want to become a company like BAT will be very difficult, need at the right time, but we will see more opportunities from the vertical industry, there will be more large, perhaps 3 to 5 years there will be big.

Ceng Liqing: just say BAT, today want to do a BAT or small BAT basically no possibility, but in some areas, vertical or BAT Internet traffic is the role of market segmentation is not too large, such as the recent two years you fire the real estate business and car electricity supplier, we can see some of the development of the company is good.

another point is that the platform formed by BAT, some of the startups do CP will be very helpful.

Q: like O2O has been mentioned in the field, grassroots entrepreneurs can play

?

Ceng Liqing: we have voted before the two electricity supplier O2O, a very do not do a lot of housing is a very grassroots. This must have some experience in the traditional industries, such as the room is a lot of the original CEO is to do real estate agents, another appliance company O2O CEO also as general manager of Real Estate Company. But if it is a very grassroots Internet venture, there may be some problems in this field.

Q: Cai said in a word, a person with only the background of the Internet business, and a traditional industry background and understand the Internet entrepreneurs, in today’s context, the latter is more likely to succeed. Could you say that again,

?

Cai Wensheng: that’s it. One day when we were talking about the angels club. Means to understand the Internet, but do not understand the traditional industry >

 

allcomm investment chairman Ceng Liqing (right) and chairman Cai Wensheng (4399 in)

in spring 2014 finals Chinese innovation

this afternoon, China angel in two "after 70" Big Brothers – Cai Wensheng and Ceng Liqing, as the 2014 innovation Chinese spring finals judges mentor, boarded the Show station before the ultimate PK, and accepted the "entrepreneur" magazine executive editor Fang Hao site visit, the following dialogue:

Q: the last two years BAT continued to increase the acquisition and integration of Internet efforts, in this environment, the two look at how the current Internet business? For new entrepreneurs, the competition is not more intense than before, there is no chance of

?

Cai Wensheng: we have always felt that BAT monopoly, but from the other side, ten years ago, the market value of BAT is very small, it is impossible to spend a lot of money to buy the canal. Now they are on the scale of hundreds of billions of dollars, will spend a lot of money to buy, such as 91 wireless. This makes our business more and more worthwhile, we can sell it at a high price.

of course, in this case, you want to become a company like BAT will be very difficult, need at the right time, but we will see more opportunities from the vertical industry, there will be more large, perhaps 3 to 5 years there will be big.

Ceng Liqing: just say BAT, today want to do a BAT or small BAT basically no possibility, but in some areas, vertical or BAT Internet traffic is the role of market segmentation is not too large, such as the recent two years you fire the real estate business and car electricity supplier, we can see some of the development of the company is good.

another point is that the platform formed by BAT, some of the startups do CP will be very helpful.

Q: like O2O has been mentioned in the field, grassroots entrepreneurs can play

?

Ceng Liqing: we have voted before the two electricity supplier O2O, a very do not do a lot of housing is a very grassroots. This must have some experience in the traditional industries, such as the room is a lot of the original CEO is to do real estate agents, another appliance company O2O CEO also as general manager of Real Estate Company. But if it is a very grassroots Internet venture, there may be some problems in this field.

Q: Cai said in a word, a person with only the background of the Internet business, and a traditional industry background and understand the Internet entrepreneurs, in today’s context, the latter is more likely to succeed. Could you say that again,

?

Cai Wensheng: that’s it. One day when we were talking about the angels club. Means to understand the Internet, but do not understand the traditional industry >

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