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China Daily (Canada) - - CHINA -

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.

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