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Industrial Investment Author of this article: Chuangye Bang 2016-01-13
How to create a unicorn company among these 900 million users,We can no longer limit ourselves to solving users’ 188bet sports betting app download “pain points”,Solving users’ “pain points” was the way to success for BAT at that time,In this era, if you want to become a BAT-level company, you must not only solve the "pain points",We must also solve the "nice points" of users,Let users be happy。
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January 8~9,The "Entrepreneurship 100 Future Leaders Summit and 2015 Entrepreneurship State Annual Meeting" hosted by Entrepreneurship State was grandly held at the Beijing International Hotel Conference Center。

In the closing award ceremony on the afternoon of the 9th,Xiong Xiaoge, founding partner of IDG Capital, delivered a keynote speech on "The Next BAT is Being Born"。Xiong Xiaoge thinks,Now we are talking about unicorns in the Chinese market,Everyone will naturally think of BAT,But he believes in the current technological innovation、The era of rapid industry development,It’s only a matter of time before the next BAT appears。

There are currently more than 900 million mobile Internet users in China,This is the basis for the birth of China’s next BAT。How to create a unicorn company among these 900 million users,We can no longer limit ourselves to solving users’ 188bet sports betting app download “pain points”,Solving users’ “pain points” was the way to success for BAT at that time,In this era, if you want to become a BAT-level company, you must not only solve the "pain points",We must also solve the "nice points" of users,Let users be happy。

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The theme of this year’s Entrepreneurship State Annual Conference is Looking for the Next Unicorn,Unicorns are relatively well-known abroad,But in China unicorn refers to BAT。

IDG Capital has established the Post-90s Fund since 2014,Invested in a batch of projects。IDG has also invested in Baidu before、Tencent。Many people asked me whether the next BAT can appear in China today,I think the answer is yes。

Technological innovation in today’s industry、An era of rapid development,It’s only a matter of time before the next BAT appears。

900 million mobile Internet users are the basis for the birth of the next BAT

China’s best opportunity lies in the development of mobile Internet,Latest report says smartphone users have exceeded 900 million,That’s 3 times the total population of the United States。On such a platform,Why BAT cannot appear?

Microsoft’s Bill Gates has led the way over the past many years,Now with Apple、Google、Companies like facebook,These companies were born with the emergence of the PC platform,The era when their founders Gates and Steve Jobs started their business,Also in his early 20s,Very similar to the mobile Internet era that post-90s entrepreneurs are living in now。

Mobile Internet Era,You can discover entrepreneurship in China,Our market is very large。Robin Li who founded BAT、Jack Ma、Ma Huateng,They are all born in the 60s,is a generation of entrepreneurial heroes who emerged with the rise of the PC Internet 188bet Online Sports Betting and Casino era in China。When the technology platform emerged for entrepreneurs born in the 1990s,It is entirely possible to create the next company that can surpass BAT。

The next BAT must solve the “pain points” + cool points”

When discussing business in the market, you must talk about “pain points”。Look carefully at BAT’s business model,To see which service Baidu and Tencent users actually pay for,This is the market that can be tapped。Alibaba is e-commerce,It is different from the other two,But there are also many things in common。

When they start a business, they are nothing more than finding the "pain points" of users and the best solution to the "pain points",At the same time, there is one person with strong execution ability、A team with strong adaptability,Add a good incentive mechanism,Making the team stronger and stronger。Continuously evolving in the process of running a business,Having formed a very competitive product in the market。

What are the current “pain points”?In fact, there are many "pain points" now,But after too much, it becomes numb,It’s hard to tell which is the real “pain point”。

In the era of mobile Internet,Technology brings people closer to each other,Future entrepreneurship must not only find the best solution to “pain points”,You also need to add "cooling points" to the "pain points",The next generation of BAT is a business model that combines “pain points” with pleasure points,People are more willing to pursue “nicer points”。Not only must find the best solution,At the same time, we must make users happy while solving "pain points"。

Entrepreneurs and BAT face the same challenges and opportunities

I attended the conference of Legend Holdings going public a few months ago,Liu Chuanzhi Mr. Liu said that his dream is to build Lenovo into a century-old store,Jack Ma also said that it took him 16 years to build Alibaba into what it is today。In fact, it is very difficult to build a century-old store。

I have been investing in China for 23 years,I remember that BP machines were popular when I first returned to China,Later, Nokia mobile phones appeared。The best in the United States at that time was AT&T、IBM and other companies like this,But many of these companies are gone now。This shows that in this industry,It is not easy to achieve a large scale,Competition is fierce。

There was once a person who ran three companies,All listed within ten years,His name is Ji Qi。I said that at that time,You are amazing,You actually created 3 companies that were listed on NASDAQ in 10 years。It is very rare for every company to exceed 1 billion。But building a billion-dollar company now is not as difficult as imagined back then。The 100 future unicorns announced in this Entrepreneurship 100 list,BAT in the future,There are many opportunities for everyone。

In fact, IDG Capital is also developing,Not just an early post-90s fund,Also a growth fund、PE Fund、RMB Fund。The day before yesterday, Wanda announced the US$4 billion acquisition of Legendary Pictures,We have also invested in this company,Legendary Pictures has produced "Tomb Raider" in the past、"Interstellar", etc.。China’s box office grew by 60% in 2014,This speed can basically be 188bet Online Sports Betting and Casino reached in 2015,This is the fastest growing market in the world,means a lot of opportunities。

Via mobile platform,We can find a lot of cool things。Content must be king in the future、Service is king,Solving users’ “fun points + pain points” is the way for companies to stand out in the fierce competition。

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