In the age of the Internet of Things, smartconnected hardware will be the next big thing, using technology to change the way people live and solve problems the public faces. Qihoo 360 has started to make steps in the smart devices market. We have produced smart security cameras, smart watches for kids and driving recorders to help tackle safety problems at home and on the road.
In addition, we have developed environmental safety and information security products. These are the key focus for Qihoo 360.
For a startup, the standard for success is not the amount of financing. A successful company should keep making products that meet customers’ requirements.
China has great engineering schools and many great engineers. Some of the Chinese Internet entrepreneurship has been worldleading — whether it’s WeChat as a communications platform, a truly global marketplace with Alibaba, or the massive number of startups in offline to online. China’s culture of working fast and trying many options will create great companies here. I believe readiness to embrace the new era is vital, including individuals and companies.
Every once in a while, a great opportunity comes along that might help you leapfrog up the career ladder. Such breakout opportunities may seem like blind luck, but a talent can always develop thinking and behaviors that help you recognize when such “luck” appears. One habit is to remain curious about events that happen in your everyday life. Stay focused, keep self-developing and be vigilant to opportunities.
I definitely see crossborder e-commerce.
I also see the intersection of hardware and Internet services doing very well, for example Xiaomi or other companies that combine hardware with digital services. I also think that some of the experiments on business models for software, both in games and in security, will teach great things to entrepreneurs around the world.
Given the volume of competition in China, it may be very useful to start with an idea that initially seems crazy then once you get to scale is very valuable. Linkedin was one of these ideas.
Not many countries have an agenda as clear as China’s when it comes to leveraging technology. The new growth model and Internet Plus initiative aimed at economic transformation presents an enormous opportunity for IT to be a key enabler of productivity, efficiency, innovation and prosperity across the broadest set of industries and services.
I think China needs to encourage industries to make maximum the use of what they have by deploying hybrid solutions. Microsoft is the only company that offers a worldclass enterprise cloud spanning private, public and hybrid solutions, with contractual uptime guarantees and access to advanced data platforms.
I think China’s manufacturing sector will see the most transformation because of Internet Plus. With the proliferation of IoT devices and sensors that are broadly applicable, there is enormous opportunity for data collection and to derive actionable insight from manufacturing processes.
The next big trend empowered by Internet infrastructure will be about getting insight from data, and particularly around the Internet of Things. It is fairly widely understood that cloud computing can help lower transformation costs for traditional industries and create new windows for regional economic restructuring, but how IoT can help businesses convert data into new opportunities and enable them to change their business models is still a relatively new idea.
I would tell entrepreneurs to take risks and pursue their passions first and foremost. But I would encourage them to really think about the true value they bring to market as they do so. Maintaining China’s momentum in this area depends on encouraging the next wave of innovation in emerging sectors. As the Chinese economy has entered its new normal phase, the government has lifted its Internet Plus concept to a national policy, encouraging grassroots entrepreneurship and innovation.
Innovation- driven development and expanding the space of the network economy have been listed as a key direction during the 13th Five-Year Plan (2016-20) to promote the integrated development of the Internet, economy and society. This is good news for vip.com, an innovative e-commerce enterprise which relies on Internet Plus.
Opportunities: I always believe that innovation is the main theme of the Internet industry and the core competence of Internet enterprises’ long-term development. We should not only continue to innovate in the technology area, but also have an open mind in business model and organizational management.
Challenges: When the Internet economy takes a greater proportion of national economic development, network security also plays an increasingly role.
What we need do is to pay attention to network security and improve the defense ability of network security using core technology, talent cultivation, management coordination and improvement of related law knowledge.
Financial services. In 2015, the Internet consumer finance market is in a new node. In an era of the experience economy, businesses make use of Internet technology to co-create an experiential earning model with specific consumers at a specific time, place and situation, so the consumer finance field will be a “blue sea” that Internet finance enterprise can dive into.
The Internet Plus and innovation strategies launched by the government have provided e-commerce companies with a historic opportunity of going global and connecting with international supply chains. That is, overseas goods of high quality could be introduced into China through cross- border e-commerce platforms, and excellent Chinese brands and products could be taken to the world.
Stay low-profile and do solid work. There is no shortcut for entrepreneurship, all you can do is to hold on until the end.