Top of the Great Era

Chapter 3230 Development Stagnation
I don’t know when Zhou Buqi became the darling of Wall Street.

Unless the news is not released, the outside world will not know.

As soon as the outside world knew that Boss Zhou was in New York, all kinds of applications for visiting appointments floated in like snowflakes, so many that it was dizzying. There were financiers and investors from Wall Street, entrepreneurial teams in New York, and some executives of Zhou Buqi's own company. They had finally caught the Boss's figure and had to seize the opportunity.

However, for a direct descendant like Tang Binchen, there is no need to make an appointment.

Hearing that the big boss was in New York, he took a private plane and rushed over, made a phone call when he arrived. In the evening, he went directly to the big boss's house and met the real boss.

Zhou Buqi had been talking to the guys on Wall Street for the whole day and his throat was a little sore. In addition, he had not gotten enough rest due to jet lag. He had originally planned to call Ning Yaxian and Zhang Zetian, two top secretaries spanning three generations, to take a shower, do some exercise and go to bed early.

But I have to see Tang Binchen since he is here.

"Is everything okay with Banmi?"

Zhou Buqi, wearing a long white pajamas and unkempt, met him in the reception room. He was not a stranger, so there was no need to be too restrained.

Tang Binchen smiled and said, "It's OK. The impact has been contained. About a hundred Chinese employees have been fired or punished. This incident is also a reminder to everyone not to easily copy the domestic practices to the United States."

"We still need to try more. Since we are trying, mistakes are inevitable." Zhou Buqi gave Fu Sheng face and let Ban Mi go. "In the field of 'Internet +', these domestic Internet companies can be said to be at the forefront of the world, far surpassing Silicon Valley."

Tang Binchen nodded, "That's true. Silicon Valley...is not very enthusiastic about 'Internet+'. The mainstream entrepreneurial direction of the Internet industry is smart hardware. Just like the AsterPods you made, Americans seem to prefer this. 3D printers, multi-axis unmanned aerial vehicles, driverless cars, wearable devices, smart robot donkeys, robot chefs, it seems that these are not the direction of the Internet, but the direction of Apple."

“Silicon Valley is not always right!”

With the development of the times, Zhou Buqi has become more and more confident in the domestic Internet industry.

This is a completely different mindset from when I first started my business.

More than a decade ago, the gap between China's Internet and Silicon Valley giants was visible to the naked eye. There was a disadvantage in terms of magnitude and dimension. It can be said that one is in heaven and the other is in hell. Today, China's Internet industry has become a global leader.

Especially the emerging field of "Internet +" based on mobile Internet, it truly dominates the world.

Silicon Valley simply cannot keep up with China's pace.

Countries outside the United States, such as South Korea, Japan, Europe, Russia, Australia... are not worthy of appearing in this comparison sequence.

Tang Binchen has been working in Europe and the United States over the past few years, and his understanding of European and American culture is deeper than Zhou Buqi's. He smiled and said, "In fact, there is an economic theory called developed stagnation."

Zhou Buqi asked: "What is development stagnation?"

Tang Binchen said: "If you want to develop quickly, you must work together. But for many developed countries, they already have everything. The economy is resilient, the society is secure, and everything is quite satisfactory. If you don't have desires, there is no need to work so hard, and you will enter the phenomenon of stagnant development after development."

"The United States is not doing so well. The Republicans still shout the slogan of the American Dream and call for people to get rich through hard work." "Well, the social welfare in the United States is not as good as that in Europe. But Silicon Valley is different. Silicon Valley is at the forefront of the world and is the most developed place in the world. Now we can see that Silicon Valley has already experienced this kind of development stagnation in the general trend. Whether in terms of flexibility, innovation, or the degree of hard work and the concept of getting rich through hard work, it has been left behind by the domestic Internet industry."

"So we must seize this opportunity. This is the most fundamental advantage of Ziweixing International. With the support of the International Department of Shanghai, the domestic team can help Ziweixing International break out of the stagnant environment of developed countries."

This is a strategic advantage that Zhou Buqi had established long ago.

Now many big Silicon Valley companies have withdrawn from China or are reducing the size of their domestic teams. After the withdrawal, they all regretted it. This includes Google. When they withdrew from the domestic market, they were full of vigor and energy, like heroes. Now they want to go back, but find that the door has been blocked.

Without the best domestic Internet team, relying on engineers from the United States, Europe, India and Latin America, it is impossible to show any competitiveness.

Tang Binchen smiled and said, "This is the same logic as the company. I heard you mentioned it in your internal speech. Baidu Nuomi and Alibaba's Taodiandian can't be the opponent of Fantuan. Because Fantuan is not a department of Ziweixing, but an independently operated startup company."

Zhou Buqi nodded, "Yes, it's the same logic. Big companies like Ziweixing, Baidu, and Alibaba are already sufficiently developed, but they have shown signs of stagnation in terms of efficiency, structure, and corporate philosophy. This is probably the underlying logic of big company disease, and it really cannot be overcome."

Tang Binchen said: "It's the same with Ziweixing International."

"Ok?"

Zhou Buqi knew that the main topic was coming.

Tang Binchen is a senior executive of Ziweixing International.

6◇9◇Book◇Bar

According to the established plan, next month, Lu Qi will officially "retire", and Kurian will become the CEO of Ziweixing International.

Tang Binchen's position is still senior vice president, but it is equivalent to executive vice president. He will be the second-in-command of Ziweixing International, in charge of all C-end mobile businesses in the company, including Yahoo, Helo, Snapchat, Ucgram, Reddit, Steam, Twitch, etc.

He is running over here in a hurry now, it must be related to C-end business.

Tang Binchen said: "Ziweixing International's current market value is 2600 billion US dollars, second only to Google among global Internet companies. Even with the support of a strong domestic team, it is in Silicon Valley and will inevitably be affected by the state of stagnation in the developed world. It is not as serious as Google, Facebook, Microsoft, and Amazon, but this trend is inevitable."

Zhou Buqi nodded. "There's nothing we can do about it. This is force majeure. The environment can change a person, and it can naturally change a company."

Tang Binchen said: "So we must be cautious about new businesses, especially those that you think may dominate the entire Internet industry in the future!"

"Huh?" Zhou Buqi immediately responded, "You mean short videos?"

Tang Binchen said in a deep voice: "Liu Qing and Fu Hongliang have communicated with me before. They said that the time is ripe now and we can try to enter the short video field. They also said that the short video startup Musical.ly in the United States is actually backed by a domestic team."

Zhou Buqi said: "Well, it's a startup company headquartered in Shanghai."

Tang Binchen said: "I have been communicating with Liu Qing during this period. She means to take control of Musical.ly. She thinks Ziweixing has the ability to make this happen. I think it is still immature. It is better to keep Musical.ly in its entrepreneurial state and not break it easily. Whether it is Ziweixing or Ziweixing International, there is a certain degree of stagnation in development. As you said, this is force majeure."