June 28，2018 Nantong Jianghai Talent Entrepreneurship Week and Youth Talent Development Conference grand opening。188bet app opening ceremony is hosted by the Nantong Municipal Party Committee and Government、Co-organized by Pegasus Travel and Weizhong Media，Gathering young entrepreneurs from all over the world、Unicorn Enterprise、First-line venture capital institutional investor、Entrepreneurship Mentor、Thousand Talents Program Expert、Experts and professors from key universities at home and abroad，Discussed the secrets of unicorn growth and how to find future investment opportunities，Aimed at stimulating the potential and inner potential of entrepreneurs，Create an atmosphere of global co-entrepreneurship。Chairman of Fenghe Investment、Alibaba’s first CTO Wu Jiong attended 188bet app summit and delivered a speech。

As China’s middle class further expands，Increase in disposable income，We also ushered in a new era of consumption upgrading。Wu Jiong said，Consumers now don’t just want famous brands，More need to pursue personalization。Consumers demand higher quality、Better experience、More convenience，The number of people traveling abroad from China、You can see 188bet app by the frequency。

188bet app field of medical and health, Wu Jiong believes thatChina 188bet app experience rapid population aging，Existing health care facilities 188bet app be overwhelmed，Medical and health demand 188bet app be the most rigid consumer demand。The application of Internet technology 188bet app medical field will greatly improve the efficiency of the system。China will become a major country 188bet app research and development of new drugs 188bet app future，He said，A very promising field is "biomedicine、Health care”。

The following is the full text of Wu Jiong’s speech:

(188bet app article is compiled based on the speech transcript，Not reviewed by the parties。Zhi Hui slightly deleted)

Good morning everyone!

Thank you Nantong Talent Entrepreneurship Week，Thank you to the Pegasus Brigade for the invitation and giving me the opportunity to share with you on 188bet app stage today。

Starting this morning，Mayor Xu (Xu Huimin) and Mr. Yuan Yue both talked about the topic of "College Entrance Examination"，I also start from the college entrance examination。I remember taking the college entrance examination 188bet app late 1980s，I didn’t win first place either，Not the top pick either，And among our group of middle school students 188bet app late 1980s，Everyone has a slogan，The slogan is "The 21st century is the century of biology"，My peers may remember this statement at that time。So we have top-notch talents、People with better college entrance examination scores than me will study biochemistry、Biophysics、Molecular Biology。A second-rate talent like me chose to learn computers。

Now the 21st century is coming，We are now at the beginning of the 21st century。It’s interesting to look back and see if the saying “the 21st century is the century of biology” has been fulfilled？Let’s test the next 10 years、A very important stage in 20 years，It can be seen that 188bet app 80s of the last century、Are the predictions made by people 188bet app 1990s correct?。

I met one of the top talents in China who studied biochemistry 188bet app 1990s in Hangzhou two years ago，He studied biochemistry at Berkeley after arriving 188bet app United States，And got the title of tenured professor 188bet app shortest time。I sat down across from him，A Hubei native who looks very young and wise，The first question he asked me，He said, do you know that the United States uses Theranos, a biology company that was very famous 188bet app past two years，This company has become a scandal today。

There is a beautiful entrepreneur，Once a unicorn company，Company valuation at US billion，And there is a large group of VCs、The senators are all directors of 188bet app company。I said I know 188bet app company，What does 188bet app company do？He said it can revolutionize the efficiency of blood testing，Every year, you need to have blood drawn from your veins for physical examination，Need to test blood sugar、Blood lipids、Cholesterol All Things，He said that all blood tests will only require a very small amount of blood to replace the blood of the original three test tubes。But after many years of scientific research, the technology has not passed the test，Exaggerated scientific research results，Today the market value of 188bet app company has dropped significantly and is on the verge of bankruptcy。

The Dr. Liu I met told me that the company Theranos said he could do it，But it can’t be done，I can really do it，So 188bet app is why I came to China to start a business，I want to get support from venture capitalists，I want to set up my startup company in China。And he told me that he can not only do what Theranos can do，I do better than him。I said there is a better way？He said that although Theranos said it uses a very small amount of blood, it still needs blood，I can do without any blood。I told you how to do a blood test without using any blood？He said there was no need for a blood test, I would use saliva，Saliva test can be used instead of blood test。

Remember my personal experience，My little girl had a cold and fever a few weeks ago，I have been thinking about taking him to the hospital for a checkup，Parents feel that colds are not a serious illness and are nothing to worry about，But seeing that she is in so much pain, there is nothing we can do but take her to the hospital。The doctor saw a cold and ordered a blood test to prick his finger，I feel very painful，Maybe I passed it on to my daughter，My daughter burst into tears，I asked you to use saliva instead of rubbing your fingers 188bet app future？He said yes，Because of the cholesterol 188bet app blood、Antibody、Female ovulation、All chemical indicators 188bet app blood of women such as pregnancy，It’s also in saliva，It’s just that the concentration in saliva is 2 orders of magnitude (100 times) lower than that in blood。But I have a very sensitive detection mechanism，Make a chip based on nanotechnology，Can detect the same component in saliva，This is the core technology。

Such a revolutionary technology has a big problem，It’s a pity that I studied computer science instead of biochemistry。I have no way of judging whether it is true or false，What to do？Is it possible that the person in front of me is a liar who came back from the United States and is deceiving me？Fortunately, I thought of a way，Although I am not a first-rate talent，But I have many friends who are first-class talents，There is a CEO of a CRO company in my circle of friends、The chief scientist of a biopharmaceutical company and an expert in biochemistry from the Chinese Academy of Sciences，I called 6 immediately、7 experts 188bet app field of biochemistry，I sent Dr. Liu the papers he published 188bet app United States、Forward the speech report to these scientists，Then they open the link，These information will be available immediately。

After reading it, they told me about the published papers and journals、The journals are the world’s top scientific publications，It doesn’t look like it’s fake。In addition, I read the paper and thought it was a high-level paper，We deserve to meet and chat with him。So I organized a "Political Listening Meeting"，I found a place one day，Invite 188bet app doctor，Find 8 experts in biochemistry，188bet app professor taught us a lesson，Talking about his invention、Scientific theory。After the class, everyone started asking questions，It’s as exciting as a thesis defense，I was confused while listening，But they discussed it with gusto。

After the discussion, they told me that this project was interesting，If this project is successful, it will "really change the medical testing industry"，No blood test required。The entire hospital blood test department can use saliva to test，He asked if we could vote a little。I invested in this company two years ago，Still 188bet app research and development stage，The first product will be launched on the market in September this year，The first breakthrough application we chose is to detect women’s ovulation cycle。What are you doing？If a couple is trying to conceive，It can help you predict the day your wife will ovulate，Compared with existing ovulation technology, it is much more accurate。

There is another place for cows，This technique is to put the monitor in your mouth and hold it for a while，There is a Bluetooth device 188bet app monitor，After loading, you can communicate with your mobile phone and transfer data，Then the APP will tell you the ovulation cycle accurate to the hour，I will ovulate from 5 to 7 pm today，It’s very specific what I want you to do。Very interesting，I really want to share such an innovative project with you。

Back to today’s topic，What kind of innovation themes am I optimistic about 188bet app next ten years？

The first innovative theme，Consumption upgrade、The expansion of the middle class；The second innovative theme，188bet app Health；The third innovation theme，Big data and artificial intelligence。

Why do I value consumption upgrades?188bet app’s middle class is further expanding，China will surpass the United States，China has become the largest middle-class country 188bet app world。In addition, disposable income has further increased，Number of tourists traveling abroad from China、You can see 188bet app by the frequency，Consumers demand higher quality、Better experience、More convenience，E-commerce、Logistics、These areas of mobile payment，China is no longer a follower。When 188bet app go abroad, 188bet app will find that 188bet app can use Alipay everywhere in China、WeChat，Very convenient，China is already leading the world。Consumers not only want famous brands, but also pursue personalization.

188bet app Health。The story I just told is about the 188bet app and health field。Why 188bet app health？China’s population 188bet app enter a period of rapid aging，Existing health care facilities 188bet app be overwhelmed。When people get older，There are many various problems 188bet app body，Need medical services and care。China’s medical facilities today are far from enough，China invests only 5% in medical care，16% to 17% 188bet app United States。can be seen，Investment in this field，China is far below the average of developed countries。The application of Internet technology 188bet app medical field will greatly improve the efficiency of the system。There are many opportunities for Internet hospitals to deliver medicines to your door。Also，China will also become a major country 188bet app research and development of new drugs，The field I am very optimistic about is "biomedicine、Health care”。

Big data and artificial intelligence，Almost every VC likes 188bet app field。Technical breakthroughs in machine learning and neural networks，188bet app is possible that robots can replace humans in doing many high-end mental tasks，And the doctor、Lawyer、Reporter、Analyst’s job，You can all join the computer field。Data collection is China’s unique advantage，Because China has a large population、Big market，Medical data: China has the largest concentration of clinical patients 188bet app world。

I am very happy to have the opportunity to share with 188bet app my experience and views on future investment opportunities，Very happy，Thank 188bet app everyone！