It has been nearly 20 years since the establishment of the “three major portals” of NetEase, Sina and Sohu，The rapid development of China’s information 188bet app and the past industrial revolution、The electrical revolution is equally magnificent。The market value of the entire 188bet app has grown from less than 10 billion US dollars in 2004 (the year I broke into the VC 188bet app) to 700-800 billion US dollars today。Tencent’s market value has grown from nearly US billion when it went public in 2004 to US0 billion today，Alternately occupy the top spot with Alibaba as Asia’s largest market capitalization company。

Why the information industry has achieved such amazing growth in the past 20 years？Where, when and who 188bet app the opportunities for future industrial development come from？What scale 188bet app the entire industry eventually reach?？I think this is a question that every practitioner must think about，Because if you figure it out, you 188bet app have a chance to become the next Jack Ma、Ma Huateng、Shen Nanpeng or Sun Zhengyi，Haha。

12 years of experience，I am also observing every day、Discussing、Thinking、In practice、In summary，I missed the mountains along the way，Also dodged many landmines，Learn experience from many elites，Continuously get out of the "misunderstanding"。No matter the sun or rain，I am deeply immersed in this great "information revolution" every day and enjoy it！Today I 188bet app make a summary to share with you，Just use it as a starting point，Contribute to the "information revolution"。

Where does the amazing growth of my country’s information 188bet app come from?I think 188bet app mainly comes from two major forces: the strong computing supply push driven by "Moore's Law" and the economic behavioral pull brought by growing consumer demand and production demand。

Attached picture: "Inverted Pyramid" information 188bet app evolution overall

Supply thrust:Under Moore’s Law，Calculate cost、Storage cost、Transmission costs continue to decrease，Huge energy is transmitted from the bottom 188bet app core to the end 188bet app application in waves like a nuclear reactor，Nourish the applications of all walks of life to make them more dynamic and dynamic。

Demand pull:All walks of life are gradually "stimulated" by informatization，Sooner or later, we started to use information technology to transform products、Service、Configuration method，Once sent but not received。Take the media 188bet app that was the first to be “inspired” as an example，From pictures and texts to short videos，From HD to Mobile HD，The “insatiable” consumer demand stimulates the rapid development of the 188bet app。

Due to the IT “infrastructure” link—including chips、OS、Basic software such as database, etc.，U.S. companies still have a clear lead and cover the global market，So within a period of time，We 188bet app pay more attention to innovation in the application layer。Next, let’s focus on the development logic of the top application layer，Where 188bet app the next big innovation opportunity come from、When、Who？

1. Geographical location: “188bet app and nine vertical”

We divide the "188bet app revolution" at the application layer into three major waves.

Attached Picture: Application Layer “188bet app and Nine Vertical” Investment Map

The first wave is the “188bet app+” wave。Online “moving” is the most important theme in the past 20 years，It also laid the most important first step foundation for the industry，It can be called "market economy 2.0”。“Moving”, as the name suggests, is to move economic behaviors formed offline to online，The greatest value is that it can make resource allocation more effective、Optimize inventory activation increment、Let all small and medium-sized enterprises enjoy high-quality products and services at a low cost。For example, the earliest online media "moving"，Allows consumers to read “newspapers” and “magazines” from all over the world for free at any time through the “three major portals”，Let those who do not buy newspapers also form the habit of obtaining information；Similarly，In the subsequent online retail process，Originally, ordinary people could only buy peripheral department stores、Goods from the market，Now available through Taobao、JD.com、VIP.COM、Mogujie and other e-commerce stores can buy products from all over the world at any time，And cheap；The enterprise industry is also deeply penetrated by the 188bet app，The internal management efficiency of the enterprise has been greatly improved，The transaction flow between enterprises is also more effective。The Yijiupi we invested in is helping more than 10 million small terminal merchants (restaurants) across the country、Yan Hotel、Convenience store) makes better and more effective purchases；In the process of financial 188bet app in recent years，The huge unserved (well) consumer and business groups have been benefited by 188bet app finance。Original banks and other financial institutions have targeted low- and middle-income people、SMEs consider it an “ugly duckling” market，If using traditional counter、It is seriously uneconomical to serve them with the account manager service method。Qudian like our investment、Yongqianbao、New financial companies such as Yinke，Using the 188bet app to acquire customers、Remote big data risk control、New weapons such as efficient internal information system management，Change the original poor ore into a silver ore and gold mine。This is a typical example of activation increment。

188bet app+ can be roughly divided into two stages:The first half is PC 188bet app+，The second half is mobile 188bet app+ and IOT+。The first half mainly addresses "middle and high-income groups"、"Anytime"、"Large configuration" problem，The second half mainly solves the problem of "all people"、"Anywhere"、The problem of "new supply"。In the general trend of migration from PC 188bet app+ to mobile 188bet app+，Some 188bet app leaders have successfully obtained tickets and continued to maintain their status as kings，Some failed to migrate successfully，Strangled by the new climate。

The second 188bet app the “smart+” wave.“Internet+” has made three outstanding fundamental contributions to the “Smart+” wave: connection、Data accumulation and large-scale usage scenarios。With these three elements，Only artificial intelligence can spread its wings and take off。It’s like people have a brain，But you need to read previous books to learn (data accumulation)、Requires practice scenarios (usage scenarios)、Need to be able to mobilize limbs (connection)。The connections here include connections between people、The connection between people and things and the connection between things and things，With these connections，It 188bet app be possible to realize electronic mobilization、Electrons mobilize atoms。

Take “Smart+” in the field of media content as an example，Our investment in Toutiao is to provide the public with a “private content consumption secretary”，Like corporate executives and wealthy people, they can have dedicated assistant secretaries to help them cut and read newspapers、Pick books and storytellers；In the field of daily consumption，Meituan-Dianping provides e-commerce services for everyone to eat, drink and have fun，The next step 188bet app be like Amazon launching Echo/Alexa，Launch of “Private Life Service Secretary”，Make it more convenient for users、Find the offline shopping destination you want more accurately；In the field of travel，Google in the United States、Uber and Tesla are fighting，Competing for the final winner in the field of autonomous driving，To provide users with "private driver service"；In manufacturing，The employment penetration rate of "machine workers" is constantly increasing...188bet app these "specialized robots" eventually be unified into an omnipotent "super robot"，I think so。In the future, the opponents of this "super robot" 188bet app only be cyborgs。

If the "Internet +" wave is mainly about resource allocation，Optimize inventory activation increment，But essentially it is still helping the offline economy to "move" online，No “brand new” product created；Then "intelligence+" 188bet app create a new "species", that is, robots，This 188bet app be a higher level of value creation。

The third 188bet app of opportunities is the "Global+" 188bet app.The "Global+" era has arrived，It’s just not evenly distributed yet。The whole world needs the huge benefits brought by the information revolution，It’s just that most countries are not able to provide high-quality products and services to their residents and businesses，U.S. and Chinese companies 188bet app ultimately provide high-quality information products and services to other countries and regions。

Huawei’s success proves that Chinese companies have the ability to enter core market segments in mainstream countries around the world，We also see products like Hikvision、Kunlun Wanwei、360 Security(Mobi Magic)、Apus、Cheetahs and others have also achieved very good results overseas。Relying on China’s large enough chassis market、Continuously stronger political and cultural influence、Huge talent pool、Efficient capital market，Chinese companies 188bet app win half of the global market。

For example, our LP Kunlun Wanwei was one of the first representatives of China’s digital overseas market 6 years ago，Kunlun Wanwei founder Zhou Yahui’s English basics are in shambles，The company has no basic reserves overseas，But with the excellent development resources and operation experience of China’s web games and mobile games，Bite a piece of the big market。This year Kunlun Worldwide acquired Opera、Grindr and others enter a more advanced track。Mobi Magic, another company we invested in，The tools and software 188bet app operates, such as 360 Security, have accumulated hundreds of millions of monthly active users，Especially in the mainstream market of the United States, 188bet app has gained tens of millions of daily active users，Not easy but reasonable。These all show that the "global+" wave has just begun。

2. Weather: "Winter, Spring, Summer, and Autumn"

We believe that the entire information 188bet app is in the second half of the Cambrian。Although some large species have formed empires，However, countless new species continue to emerge due to plate movement and climate change。

There are 27 grids of "three horizontal and nine vertical" above，Each has its own "right time" for development，Winter, Spring, Summer and Autumn，It is the "ice sea、Blue Ocean、Purple Sea、Red Sea”，Represents different development stages of the industry。The water temperature during the "Ice Sea" period was too low and organisms lacked sufficient elements to develop，At this stage we pay close attention to the water temperature and wait for the moment of germination in early spring；The "Purple Sea" field continues to be worth fighting for，Because new companies in this field 188bet app achieve explosive growth if they seize key elements。

We have 188bet app seen that there are still many blue ocean and ice ocean fields waiting for entrepreneurs and investors to explore and build。

3. Renhe: "Dugu Nine Swords"

Today’s entrepreneurs need to practice the “Dugu Nine Swords”，Be able to break swords、Broken knife、Broken gun、Broken Whip、Broken rope、Broken Palm、Broken Arrow、Breaking Qi。188bet app is necessary to be able to identify users’ pain points and quickly cut into them，Be able to gradually establish base areas to carry out positional warfare，In Strategy、Culture、Organization、Promotion、Fundraising、Tactics and other matters must have good strength。

The "188bet app +" wave is deepening into more industries。For example, the industrial 188bet app，Compared with 188bet app + media，Involving retail、Traditional distribution and other links，The threshold for entrepreneurship is higher，Crossing borders is more difficult，But at the same time it has relatively few competitors，Higher success rate。When advancing from the "188bet app+" to the "Smart+" era，Entrepreneurs must not only understand the industry，You also need to be able to use artificial intelligence technology、Infrastructure and Ideas。The new wave’s requirements for entrepreneurs are getting higher and higher，Only by practicing the "Dugu Nine Swords"，Only by gathering all the "Seven Dragon Balls" can you be proud of the world！

Back to the original question,How large can China’s information industry reach?？We believe this market size 188bet app be 15 trillion US dollars，Basically on the same level as US GDP。The current total market value of all enterprises in China’s information industry should be around US0 billion，At present, "Internet +" still has at least 2 times more space (think about Internet finance、Ant Financial)；Entering the "Smart+" era 188bet app have 5 times more room for imagination，Robots 188bet app be everywhere；After entering the "Global+" era，The service target of Chinese enterprises 188bet app change from 1.3 billion people to 7 billion people，Even if you only occupy half of the country, you can get more than 2 times the development space。So the overall calculation，The entire industry still has room for 20 times growth...How about，We are all lucky now！

There 188bet app be no more Internet companies by then、This is the name of an artificial intelligence company，Because these 188bet app become the most basic elements of every enterprise like water, electricity and coal。Ultimately, the value of a company 188bet app come from: what magnitude and quality of connections it has，How much unique and valuable data do you have，And its own brand value。

*Source Source Code Capital” (ID: sourcecodecapital)，Author Cao Yi，Original title《Source Code Capital Cao Yi: 188bet app the “Three Horizontal and Nine Vertical” Investment Map，See where the next opportunity comes 188bet app、When、Who》.