Once again, Chen Tianqiao and his grandbsorh will be in this way, with Chen Tianqiao's own words, we are not going to fight, who is growing, who is very fast, no one will live, it should be today grand Real portrayal. But living is a future that is ignorant in front of them.
Chairman and CEO of Chen Tianqiao Shanghai Shanda Network Development Co., Ltd.
Vice President Lu Benfu Institute of Sciences Graduate School School of Management
He Li, "Economic Observation News" editor
Cow Wen Wen "China Entrepreneur Journal"
Yu Yuwang Joint President
Moderator: Everyone in the audience is good, here is the CCTV economic channel, welcome everyone to watch our "dialog" program. Today, we are pleased with this dialogue. He is only 31 years old. He thinks that 99% of China has a similar life experience, but in his five-year entrepreneurial time, he makes yourself The wealth has soared 30,000 times, so he is also called the first person in China's wealth accumulation. Why is the god of life behind him? Why is the god of life behind him? Is there any qualities in his body that makes the door to open again and again. Today, "Dialogue" is started to let us know the legend of this Chinese youth.
Small piece
This is a Zhejiang who is born in 1973. He is Chen Tianqiao. If you use a verb to describe his life, I am afraid that jump is quite suitable. In 1993, he graduated from Fudan University to enter a state-owned enterprise in advance. After five years, he joined a securities company and became its office director. In the winter of 1999, he raised $ 500,000 to create a grand network and started his online gold journey. In May 2004, the company was listed in Nasdaq, USA, with the latest stock prices, in five years, the individual wealth in five years has been close to RMB 15 billion, some people say Chen Tianqiao has created a new wealth legend in China's new economic era. . A young man led a young company, life and death were Chen Tianqiao and his grand memories, the crisis and opportunity of the crisis and opportunity were the inevitable choice of grand development, so someone summed up Dead, Shanda has a lot of governments should die; grand should be alive, there are countless reasons why they should live.
Moderator: Next, let us use applause, please go out today's dialogue guest Chen Tianqiao, let us pay attention to grand life and death. Applause has been invited.
Chen Tianqiao: Hello.
Moderator: Hello, Mr. Chen. I am very happy to be a "conversation".
Chen Tianqiao: Thank you.
Moderator: Just in the short film, we said that many people use a verb to describe your life experience, but now I want to tell you a adjective, this is what I saw in many media, the most commonly used adjective It is lucky. Everyone feels that it is fortunate to achieve today's Chen Tianqiao. What do you think?
Chen Tianqiao: When I go back, I really feel very lucky, because a person can't all decisive a hundred percent, but at least when you are satisfied with the status quo, you can say that any decisions you have made are correct. I am afraid that the mistakes you should be committed, so I think I should be very lucky.
Moderator: Just now I quote a sentence is your own original words. You said that you and 99% of Chinese youth have the same life experience, but we have clearly seen that behind this 99% of the road, there are many different, You can't tell you about the beginning of the "Dialogue" program today, do you think you are the biggest difference?
Chen Tianqiao: May I want to grow more older than the same age, this may be different from them.
Moderator: But you smile, I found a different, and Mr. Chen Tianqiao's wine nest is only one side.
Chen Tianqiao: Yes.
Moderator: Different from both sides. So this is a difference I I found.
Chen Tianqiao: Yes, this is a different, right.
Moderator: Thank you for your affirmation, in fact, this is a joke. I found that the difference between most people is the fact that I want to state, because the Chinese have an old saying that a young woman does not ask for life and death, but I have seen a lot of many interviews for your interview. Every time you interview, you will talk about life and death. , Talk about risks and talk about the crisis. Chen Tianqiao: Yes.
Moderator: I think it is no exception today. In this way, we sit down and talk slowly, and then look back at the road you walked.
Chen Tianqiao: Good.
Moderator: Thank you, please take it. Speaking of grand life and death, I think you have said, you said that it is possible to die almost every day before 2001, and in 2002, it is possible to die every month, and enter 2003 grand. It is possible to die in the quarter. After reading this, the feeling given to me is grand to travel to the edge of life and death.
Chen Tianqiao: right.
Moderator: I have experienced so many life and death tests, which time you feel about yourself?
Chen Tianqiao: In fact, I remember that Bill Gates said a word, he said that Microsoft is only 14 days, then there is no time to say that you can only say when I can say it is the impression of me.
Moderator: Many people think that the moment of China's net withdrawal may make you feel the breath of the dead. I don't know if you are sitting here today, is it alive in the moment?
Chen Tianqiao: I look back in my head, I don't know why I don't think it is very terrible at the time. Many people walk at night or walk in the mountain, you will take a sweat. But at the time, you didn't have so much feeling. I remember that we decided to lay off offices, first cut all 50 people into 20 people. The earliest thing is all left, takes 20% off.
I am actually working, because China.com is already holding a controlle, so I said that I will take all the money, and I am cut off the original work. Second, we will take all the rest of the money, we say that we are willing to do this industry, many people can cut, a lot of layoff, but cut the only resources in the future. Unified planning, then take it back or alone, let's do some breakthroughs again, this I believe is something courage, but when we take all the courage to take it out, we will be very happy to get it. We said that this is a very good one (commercial area), we think that the end of the year can not only make money, but also make big money. But at that time, our investors felt that we were talking about a myth, so he said that you can walk alone, but we don't stay with you. In fact, we may say a little money at the time.
Moderator: How much is it?
Chen Tianqiao: There are probably one or two million, which is two- or thousands of dollars. Because that is a very few part of the sale of the old stocks when it is the original investment, because the company's money has been all there, it is equivalent to the first entrepreneur in this work. I all take it all.
Moderator: Is this probably?
Chen Tianqiao: It should be two or three months.
Moderator: It can be supported for two or three months.
Chen Tianqiao: It's almost two or three months.
Moderator: Then you have thought of saying, how should I go these two or three months? Is it going to consider such a problem in that day?
Chen Tianqiao: I didn't think about how to take it at that time, but consider the problem that I want to go, because I have a temptation, I always say that I want to take this insurance, we know how we should go That is to say how to operate, how to manage it, but in fact, the constant difficulties will make you always have a retreat idea, which is actually the most terrible. I remember that when I got home with my wife, I had a very worldwide, because the day just suffered a biggest problem, that is our server, was broken by a hacker. He took our information all, and In order to let the grand closes are all in the Internet, he downloaded it, saying that you have been over. Of course, everyone may know how we responded. But when I went back that night, I said to my wife, I finally know what is like Zhang Ruimin, what is the great place like Liu Chuanzhi? In fact, China is much smart than they are smart, but many people have been a year two years, he thinks that I have been very successful or I am going to enjoy the family's happiness, or my value of life, I think I feel It should be a comfortable life, but he can stick to it when he faces difficulties, step by step, this is the place where he is different from others, not, how much is smarter than others, So I think we have come over at that time, I also practiced such an ideal or verifying that I can do this if I want to be a new generation of entrepreneurs. Moderator: The process of speaking in that paragraph with your own words, is the company not doing a special thing? I heard that in addition to buying the copyright of the black cat sheriff, you also help a lot of international brands to do some online animation advertisements do almost everything.
Chen Tianqiao: That is actually there before it.
Moderator: earlier.
Chen Tianqiao: Yes, the three before we did what we did, we have our own animation studio, we have our own magazine, we develop games themselves, and surrounding products. Total 50 people, four business units. why? Because I firmly believe that Disney is using the movie industry for sixty years, even longer, using interactive and entertainment, use the Internet, spending six to seven years should be able to go, so, but When we were too rushing. A entrepreneurial enterprise often is your own inspiration and your own direction, I believe they should be confident in the future, but I think they are the most probably wrong, that is, the mistakes I made, the so-called one-called whole tactics When executed, diversification or swing is not enough, he is not enough to make a breakthrough at a certain point, we have been educating a breakthrough full of prosperity. However, many of us will be at the same time, I feel that I don't say it to a website. I finally said that I can do this website. I can do this thing again. I can do that thing, but I can be proud of him.
Moderator: Very many temptations waiting for him.
Chen Tianqiao: He is proud to say that you can see what I can do this site, but I can't do anything, we don't do anything, we do the game again and do an animation and make a comic. Product, this is the most important reason for our failure. But we will cut off the three departments, all people say that I remember our earliest virtual community, we called Silicon Valley, and a complete puppy. Everyone is in such a way, just like the game. When I finally decided to do it, I gave me a command. I said to turn it off, and then I have already 100 million profits for one year after two years. I said Chen Zong, and I will look back. What kind of decision for two years of development is correct, only I don't understand why you have to turn off such a virtual community that we have been created. Later, I said that I actually had this, when you earn the first profit, you always want to save it, but in fact, you should be brave, this is Your direction. And that is your tuition for this direction. You have no reason to continue to stop the footsteps for this tuition, so I think that in the entire entrepreneurial enterprise, I have read many companies to write to ask me, I The advice to them is that when you look for a direction, you will go all your best. Only a focus can be successful, and diversified companies can survive but it is difficult to succeed. Dangdang: I very much agreed with this view of Mr. Chen Tianqiao, because I remember that Dangdang got the first money of US $ 6.2 million in 2000. In May 2000, we held the first strategic meeting, called Xiangshan Conference inside the net, and we rented a room in Xiangshan, and a nest in the room.
Moderator: Have a significant meeting.
Dangdang: Yes, then our dream is all kinds, we have to do a portal, do we have a knowledge website? We are selling books, do we want to be a community, then Dangdang is burning in the first year The money is more than the money burned in three years, because we have to do a variety of dreams in the Internet, from the people from investors to the company their respective dreams, every dream Need to spend money. Later, I would like to understand, we are a selling thing, so when I am in the job now, I said that those who think of the network company don't go to Dangdang, come to Dangdang is not a network company, not a Technical companies, Dangdang is a shopping mall, is a retail hypermarket, but its store is not open on the street, so I want to make retail to here. So the first year is very deep, that is, you find the direction after you get the money, focus on focus, because of whether as managers and entrepreneurs, his inspiration is good, and then to implement steps. It is limited money, limited resources. So I think you cut off the virtual communities, you cut off three in the four undertakings, hacking, no cut, there is no today.
Chen Tianqiao: Yes.
Moderator: Shanda has caused many guests of our lives yesterday. If it is said that in the moment of initiating, Shanda has spanned to life and death, then in the future development process, it is actually the test of life and death. We will continue to talk, in fact, after weaken, we know that there is such difficulties, the legendary game is sent to the door. What kind of conditions did they have to work with you?
Chen Tianqiao: At that time, we called (guaranteed) of $ 300,000 is the prepaid money of the guarantee, plus 20% of your income, and now it seems that this figure is very small. Of course, we have not broken this because we are now negotiating, our status is more and more strong, but all our competitors have all broken through a million US dollars (guarantee), but I took three at the time. When 100,000 dollars, everyone said that Chen Tianqiao stupid why it took millions to do a visible thing. Moderator: What do you think of the company?
Chen Tianqiao: In fact, I believe in the failure of our front, the failure of entrepreneurship is the market survey to me, because we do is a virtual community, and online games are a virtual community under the new technology background. So I think we have signed it, I have been with my employees that we have been saying that every decision is very bold, but in each of the decisions, we are all conservative to parallelism. So we signed the game in the whole contract process, I didn't worry that I think it will succeed.
Moderator: But I am more willing to identify the two words that some people say, although on all publicly published these media articles, you will never use gambling or gambling like this word to describe you. At that moment, we will care about it. 300,000 is your whole home, even if you take this agent right, but in order to make this game you can operate, you also need a server, including the network, Including personnel, there is a big payment waiting for you to pay for you?
Chen Tianqiao: At that time, we actually had a gambling component, but I think a decision is only different from the degree of extent. Any one of them has a gambling component, because we have already said that we must focus. If you say that you put the egg inside a different basket, you don't call gambling, but I said that you can survive, but you can't succeed that you want to do success. You have to focus, but not a person knowing that this direction will be successful, so I think a great strategist or military home. He actually finally after careful analysis, finally gambling, gambling him there.
Moderator: When many people think that Chen Tianqiao uses 300,000 to gamble in the future, there is a lot of such traps in front of him. What is the trap? Can you help us see?
Cow Wen Wen: I think that I have a second entrepreneurial for Mr. Chen. I feel that he is a bet. I think it is largely that he may not be a gambling. He should be bet () A gambling, I also use a person who is one other person, people who do the business are gamblers, and there is a professor to say that the so-called strategy is a big gambling to win. In fact, I feel that the biggest risk for Mr. Chen is not to say. You gambling here, there is no gambling, and the key is that when you find this, after you gamble you gamble, you found a kind of understanding of the local market that did not find a uniqueness of your entrepreneurial temperament. Is your entrepreneurial impulse and the most critical password of your market segment, we always say that the password is grasp, when you gamble, you often have different gamblers in the casino, some The person is very like an old gentleman when she shoots.
Moderator: Don't worry.
Mr. Niu: No urgent slow. But you can't feel that he is gambling. He is doing something he should do at that time. Many people are not prepared, then they will go, then he will lose later, he has this information. It will also be lost, so I think it is a large extent, this gambling is to find a password. One of the temperament, I don't think he is a gambling, although many companies are gambling. Moderator: So Mr. Niu said that you must find a password. What kind of password you have found let you make this decision?
Chen Tianqiao: Now I have come to see if I have a summary of this password, I just think that I think two words will be rhythm, very important. It is always a time error in what the Americans say () or what the world is not doing. The entire grand development, in fact, we have a lot of roads, it is more exciting than the first time, I clearly know that I have only one road, then you don't want something, you. It's just that it is simply like that time, but this time is complicated. But it has so many ways, as long as your direction is correct, you won't do real estate. Because I want to interact, but in order to make interactive entertainment, you can also have a variety of ways. But in these few roads, which one is going to leave, when you are going, when is it? I think this thing is very important for the development of a company. It can make your efficiency to improve, I will give an example, I don't mean that we have experience in this area, I just share it. For example, when we were listed on May 13, we met an external reason when we were listed. At that time, 13 US dollars became 11 dollars, and the company lost $ 20 million. They say that you still don't do it? I said that you have to do it at this time. After we got on the city, we have grown more than 20% each quarter. After investors know you, we have done it once in the highest peak, we are in one Worship, of course I started publishing on October 8th, I will call me Shi Yaofu and Goldman Sachs. I said that you have to complete this mover. I haven't had a week in the world, and I said that this Goldman Sachs that we didn't finish said that we will not hire.
Moderator: This responsibility is in you.
Chen Tianqiao: You will go back, right, you go back to find a job. One week is completed within a month, we use this money in our controlled the continent above, so we are listed, year-on, financing, acquisition, we are in the half year. Within half a year, we have completed it, I think you have a grasp of the rhythm in this, if you have no steps, you or miss the money or say that you will be missing, you also see you. How do you talk to you without money? So in this, I feel that the first stage focus, the second phase rhythm, this is our essence of my essence on different stages of the whole company.
Moderator: Talking about such a very heavy problem, my mind has emerged in my mind. In fact, we talk about you, that is, grand may die every day before 2001, 2002 grand probably per month can die every month. And 2003 grand per quarter may die. However, in 2004, we saw that in May in Nasdaq, many people said such a sentence, and the listed companies were less likely to die. So if you also pay you according to the sentence of just now, is it getting farther and farther away from the death in 2004?
Chen Tianqiao: When you go to your market, you have actually changed the definition of death. Maybe you die at that time, the company disperse, and the employee will go away. Of course, in the current death in our eyes, it is actually a matter you can't meet our capital market investors, including our users' needs, you cannot sustainable development, your entire high-speed growth can maintain many problems. If this company is not able to keep this speed in the fast-competitive market, it is pulled down, which returns to the state of unhading. But I said that it is more painful than death, so I feel that now, if I have used it just now Bill Gates, I actually only one or two times of death every time. Moderator: Maybe this crisis will become more and more strong, but in the eyes of outsiders, I feel that this year is the most smooth and smooth for you, listed, now the most upset of the company The problem also solved, and Mr. Chen Tianqiao himself also got a step, and it was a father.
Chen Tianqiao: It is degraded at home.
Moderator: It is degraded at home. There is a female event, and then have money, you can make the company a better sustainable development. Now what do you want to do if you are not lacking?
Chen Tianqiao: We are now simply from the market value, it can be said that Shanda has already stood above a very new step, but we now have been joking in our interior, we have more than 100% a year in the previous five years, if we re- Keeping a hundred percent growth in five years, so grand is a company, which is a company such as Disney, but where is our 50% of the next five years? This problem is actually what we have been thinking now. Online games At present, this industry has passed Shanda and our largest group of competitors. Cooperatively, this market has already occupied this market, I think it is relatively saturated, 20 years old Didn't play a game? The proportion of online games in the Internet cafe has been more than 60%, where can you still go to the future? If you follow the development of the industry, according to the IDC's measurement should be about 40% of the growth rate next year, the grand will be developed according to the industrial development next year, and you have to keep 40 in such a high large base. 40 %, So this problem we have been thinking.
Moderator: Indeed, everyone can actually be a variety of efforts in the next year's goals in the future.
Chen Tianqiao: This is our efforts, not promise. We can't talk about it now.
Moderator: This is your hard work, so you are a very cautious person, you can't boast a sea level here. Then what we see is that there is a grand lot of money, and further accelerate the pace of M & A, except for the actions such as Japan and the United States, in China like the edge of the front, Haofang, Number Red, all of which Your flag. So many people say that the things that Chen Tianqiao want to do is to kill his competitors inside the cradle. Do you think they have reason?
Chen Tianqiao: I don't think it should be called, it should be a kind of cooperation we have been saying that the biggest competitor is a grand competitor, I am welcome here, I am frankly, it is absolutely not what we can see. People seeing, because those who are visible, he is behind you, you can know how they run, what are they doing, I think the biggest competitor is grand 5 years ago, there is a group, just said A group of united teams grabbed a correct direction, focusing on the development of the whole efforts, when you found him, you have no choice but. So we have always focused on the new technologies and new industries that can be involved in online games, which may happen. Moderator: We have seen Mr. Chen Tianqiao's confidence in his own and grand confidence. In fact, after the Nasdaq is listed, everyone has said that Shanda has entered a fast lane, so on this highway today, you see a warning sign from you nearest? What is written above?
Chen Tianqiao: temptation.
Moderator: Temptation, there is temptation at this time.
Chen Tianqiao: Too much.
Moderator: From the beginning of development, it is more and more temptation.
Chen Tianqiao: Yes, temptation is increasingly tempting when you start, because you, not called dead road, sorry. There is only one road to go forward.
Moderator: Don't choose.
Chen Tianqiao: Don't choose. But until now, I want to be grand, there are many companies, but there are not many companies that have been calculated by this hand of billion dollars, and all are all bank loans, liabilities, payment, receivables, I want this. The company is very healthy in China. We can receive a different partner almost every month. He is invested in your invitation, I will do this. But in fact, it is difficult to resist the temptation, but what is better than doing? I didn't think because of his office, he took so many cash in his hand, he didn't make one, did not buy the New York City to become New York City, he didn't do real estate, this is his great place, He focused on his own office. So grand in the future, I couldn't resist myself, I realized that temptation is a biggest mistake who may commit, but I still can't tell me here, I can resist temptation, because this company is too Young.
Moderator: As mentioned earlier, there are many traps on the road of grand development. You have been surpassing. Live, what is the reason for the future of the future grand most likely?
Chen Tianqiao: I think grandbsorough the most likely to live in the future, not our so-called very large channels we now, a lot of funds, thousands of gold, and our money has a day. In fact, I feel that we are, the higher it, and our sense of responsibility, what do you think is, many people as me, I use this to say that I have said more than saying more than one, they some people say he said, You speak empty words, this is nonsense. But actually when you stand like I have such a position, I have never pursued money to money, and now there is no pursuit. Personal wealth is in this business. We have already done this step now. I can complete my body. But you assume that this is the only one that can compete with the giants around the world, and we will develop on the same starting line. This is now this is the only chance I can see. Our movies we compete with Times Warner? Animation, are we competing with Japan? Music, how do we go to the world? But online games are the only one in the cultural industry now and the world is now in the world. If I don't reach out, I will no longer go forward, I think I will definitely be more than sixty years old. I regret that Chen Tianqiao, you have made the biggest mistake. Moderator: Such a powerful reason will support the grand turn, and will support Mr. Chen Tianqiao continues his career. I just talked about what kind of warning sign in the fast lane in this development. Mr. Chen saw the temptation to write above. In fact, I still want to ask several times in the teaching platform, can't see what you see on our topic, other audience in our live audience can also think about it, what kind of danger is awaiting The grand development is good. We saw that Mr. He has finished writing. He Mr. He alwayss there is a god. He Mr. He brightened your answer? You are two words, heroes. It seems that it is not very like a word written on a warning card.
Chen Tianqiao: I have a little understanding what you mean.
Moderator: Yes?
Chen Tianqiao: You said.
Mr. He: Obviously Chen Tianqiao not only created grand, but also saved grand. Therefore, Chen Tianqiao is a grand hero. The status of Chen Tianqiao in this hero in Shandong, in fact, Mr. Chen himself may also realize, and Mr. Chen also took some actions, such as Tang Jun or such professional managers To participate in the future of the enterprise, I think this is still a test, or it is still a trap, because it is a distance that I can realize this should have a distance, as if Peter is also Say this, that is, an entrepreneur of a hero that he can truly constrain his vision into the blood of the organization. How can a hero leader think about such a passion or rationality of the company, and can be cultivated into the rational thinking of each employee. I think this may be one of the tests of the future, thank you.
Chen Tianqiao: I just said that this temptation is a very likely mistake to make a mistake. So you wrote this question. I am very sad.
Moderator: This is a complex.
Chen Tianqiao: This is a hero. This kind of self-hero's kind of Zhang Yang will be in front of temptation, you will not consider a lot of things. So we have intermittently in the company, including you have also seen, including Tang Jun join. In fact, we have more professional managers in joining, but this is like you say like I just said, I am still not the same, even if I am clearly realizing that I can't achieve temptation, it is still different. Then I took some small measures here, I said that I am asking for the interview with many media as much as possible, because I don't say that because the media is many times, he will treat you as a hero to see me. Sometimes I said to a few more than a good media, I said that you don't want to praise me, a boast of arrogance, Chen Tianqiao really feels that he is nothing, really as heroes. Moderator: It was thrown up.
Chen Tianqiao: It will be thrown up, so everyone will actually have a very low key to the media, almost unreasonable. A very important reason is also within the scope of our ability, as much as possible to curb your so-called personal heroism, I am very grateful to your advice.
Moderator: Ok, Mr. Niu's answer is that it is crazy.
Mr. Niu: I heard Mr. Chen said that when he was proud of the growth rate of 100%, I often feel a little worried that Mr. Chen is too fast, and five years will be ten billions, but we found Many companies we have reported that most people's industrial companies are about 10 billion, so this speed sometimes makes people dizziness, it is indeed difficult to grasp. We see that there are many bosss that have often had a lot of violent, we sometimes use this concept, I know that in other ports of other handheld communication equipment, it is not good to say who he is. I quickly discovered the segmentation industry, and then made a boss in the time of two years and three years, and there was no time. Then there is this in other industries. That is to say, I often feel that you can catch up, because China is often a post-developing country, it has to chase the Japanese American or how to chase, but this time this year is can't compress, that is, you are five years It's so fast, it will definitely have a lot of trouble, I think so. So I think about that there is an entrepreneur who said that more than 25% of the profits did not dare to chase, profit margins. But 100% speed, if I can last five years, I have been very unexpected. I can't catch your trajectory, wait for me to see it, you have led. This is my biggest concern, and many violent boss will also have inevitles.
Moderator: Specially worried about the development of this speed lacks certain temperance on success.
Chen Tianqiao: Yes, this problem is actually the question I just said.
Mr. Niu: right.
Chen Tianqiao: An entrepreneur I feel very high, and his control of the rhythm should be very good.
Mr. Niu: I am very happy that you have already said the rhythm now.
Chen Tianqiao: Thank you, but we are just a kind of vision that we use Disney to make a metaphor is a vision, which is how far you can see you from your own goals. Because I am actually crazy when I am in college. At that time, I rode to Suzhou within a day of Suzhou, what did you do after Suzhou? I am not, when I came back, I went to Jiaxing. At that time, many people told me that how far I said Shanghai? At that time, it was just blowing big winds. They said, Shanghai, you are still riding to Shanghai in this day. Later, I said that I ride from Suzhou. He said that it is very close to it. So we are actually the same now, where is we riding? We are riding from a 50,000 business, we use a big idea to encourage everyone. But now, although we are in the big wind, we have 30 kilometers from Jiaxing to Shanghai, but I have to tell everyone, it is very close, because our ideals are tentacles. But when we did it, we just said that the words of temptation, whether it is a high-speed growth, or other issues are a temptation to us. I have recently been reflective, and we have a bigger project. Everyone may see us for 100 million US dollars to acquire it. It has already felt very great. In fact, we still have a bigger project, but we are on the plane yesterday, I also refused to think about it again, I think we should re-think about our board of directors should stop such a development speed, and more stably Grand Can be consolidated to develop. Moderator: Mr. Chen's heart hopes that every footsteps you have taken are more solid, and we will come to see who the answer. Ok, Mr. Lu's answer.
Mr. Lu: I wrote this called the turning point.
Moderator: How to understand the repetition of the turning point?
Mr. Lu: For more mouth, I am worried that Mr. Niu is worried about the madness. I am worried that Mr. Chen's company encounters four turning points. These four turning sites are just more together, and it may be the disaster of the top of the top. The first inflection point is the inflection point of the industry. The industry is impossible to grow rapidly. What should I do when I turn to a flat speed? This is an inflection point. Second, the company's products cannot be run forever, and the reform of the product is also a turning point. The entrepreneur's mentality is also a turning point, with you within five years, everyone should enjoy, the entrepreneur's mentality has been playing the world now, this is a turning point. Coupled with the fourth social environment, because the entertainment industry, the interactive game industry is not accepted in Chinese traditional culture, and the diligence has no job. If the four turning points are repeated together on the head of Mr. Chen, this thing I estimate that this wine is coming out. So I am worried that the conflict between the turning point of the turning point.
Moderator: This is much more powerful than hitting the table in the table.
Chen Tianqiao: It is fortunate enough if you only have a slender.
Mr. Lu: And I also said that some turning sites are rigidity is not internal to your company.
Chen Tianqiao: Yes, right.
Moderator: It is not yourself to control.
Mr. Lu: For the right, if you have a good operation, just said that Mr. Chen will grasp the rhythm. The company encounters an abduction. It can be overcome. The second may also overcome, I am worried that the four turning points hit together.
Chen Tianqiao: Yes, very good. I have benefited a lot of experts today to mention a lot of good opinions. We didn't have this clearly, but we have been thinking about the four risks in this, we are called professional risks, vicious competition Risk, social risks and policy risks, these four risks we basically, why I said that I was one month in 2003 because the four risks of the rhythm of each rhythm were once every risks, but assume that it appeared at the same time? So we now consider the grand development strategy, we have clearly proposed a family strategy. The so-called family strategy is actually the first to make our user's more wide, people aged secents to seventies can become our users. In this way, the game or interactive entertainment has become the mainstream entertainment culture, then there is this later. We actually have more mainstream companies to participate in our partners. Once we have more partners, if you are playing down, everyone may be knocked out anyway, but not for this purpose, our anti-risk ability, shoulders are more powerful, our users are more basic. And shoulders are more strengthened, and this is why we have to go public. Listed to us in mechanisms and systems, give us a certain guarantee, to take this risk of a turning point, but in the future, it is not true that all of them are preparing for all the four turning points, can you withstand ? I think this may be a very important test of the grand future, thank you for your reminder. Moderator: Well, there is still no answer yet. Let's take a look at what you think.
Dangang: This warning sign is never throwing, innovative. Shanda has today, Chen Tianqiao has today, it is you grasping customer needs, you use an innovation, you have to grasp the customer's sensitivity, create a miracle business. When you go down today, you should think that a company wants to develop whether it is 27 billion or 270 billion, this spirit of innovation is very important.
Moderator: I think in addition to our four guests today, the audience of our lives may live better for grand how to live better, and we can listen to their opinions.
Audience A: Mr. Chen, I am a student of the School of Sciences Institute, the School of Sciences, and just mentioned that you have just doing Dad soon, first of all, congratulations. I also saw some of your related reports online in CEO, Rich, Father, and many other characters, you most valued, then I would like to ask you a question. If your daughter will grow up in the future, do you also Allow her to play online games like the legend? Thank you.
Chen Tianqiao: I am giving birth to my child's entire change, not me, everyone is joke. After this child, this kind of feelings who have their own care for her heart, I think there is no way to go to fake or talk to forgery. But when I played our own new game in the top of my own new game called the heroic era, I was sincerely, saying that such a fun game, unfortunately my baby can't play now, wait until she When I can play, I will let her play. Because I want to relax myself to let the whole game, go to lift the burden of everyone in life. This is the fundamental purpose of the game, including why there are football soccer and football hooligans will also make trouble, why there are many basketballs. In fact, it has its positive significance, but a very important purpose of grand development, it is actually how to make this positive significance gradually dominate the negative meaning of it. I want to be when my baby can play games, I believe that the game has become the mainstream culture that everyone can accept, must be on the TV, on the phone, can play on the computer Going to your favorite game, you must make him live more and more colorful, this is my ideal. Moderator: So if China has a game master competition, if it is a daughter of Chen Tianqiao, you don't have any accidents.
Chen Tianqiao: Yes Yes.
Moderator: In the age of education, there should be put it with a game to relax yourself. Ok, let's listen to the problem of the next audience.
Audience B: Mr. Chen, I am MBA of Tsinghua University, and then I want to be very admired with me today, you are in wealth and in business achievements. But I think that this admire may come from you very young and have this achievements so fast in this fast time. I remember that when we were in secondary school, we have learned an article called "hurting Zhong Yong". I want to tell the reason is very simple. If you have achieved your achievements in this fast time, you may not It is a good thing. I want to ask you what is your opinion on this story, thank you.
Chen Tianqiao: When many people arrive in my office, I saw a Chen's family training on my wall. This doesn't mean that I am a very conservative person. In fact, my parents are most worried about, in fact, there is too much wealth of young people. He needs him to think about it and correctly face it. We are in this question, I feel my own Be alert, or it is still thinking, but it is not necessarily to do, just like the personal heroicism just, if Chen Tianqiao itself has problems on the problem of the entire wealth, then Chen Tianqiao should leave grand. Even if you hurt, it should hurt you. I can't guarantee that I will never hurt, but hurt it is your personal problem, but the entire grand company, because this or even some paranoid ideals and perfection, I believe that it will not affect the grand development.
Moderator: Mr. Chen In fact, in today's "dialogue" program, our thoughts on grand life and death have continued to now, will you think that today's dialogue is a bit heavy?
Chen Tianqiao: This issue we usually talk more, but it is true for the first time like this to discuss this. I think it is only a heavy and only a kind of happy, because today everyone's suggestion, some are what I am thinking, some is not so deep, some is the problem that I don't think about it. I think everyone is a grand company, I want to see you to think about this company in a fair, fair and cherish perspective, China can have a company really too easy.
Moderator: We are very happy with Mr. Chen Tianqiao with a calm attitude, with us to face our grand and future life and death test. In fact, through today's dialogue, everyone will have a lot of feelings. Everyone will find that the game can create wealth, but create wealth has not been a half-game mentality. Let's give the applause to Mr. Chen Tianqiao. Maybe we can see the two words from every successful person, but I believe that there is no success, just go to the words of these two words. The end of success. Therefore, before the end of the show, we have to have a lucky one again, and it is still going to go through Chen Tianqiao, which is constantly being awesome, laughs to the end. thank you. Chen Tianqiao: Thank you.
Moderator: Thank you, good, thank you all our friends, thank you for watching the viewer friend before the TV, see you next week.
Chen Tianqiao: Thank you.
