Entertainment: Starting With A Net Worth Of One Trillion, I Chose To Lie Flat

Wang Sicong was naturally responsible for registering the company, but Chen Mo had no such idea.

After Chen Mo finished his breakfast, he looked at his apprentice and asked, "What investment are you interested in?"

"ah?"

Wang Sicong was a little surprised.

Then he asked in confusion: "Shouldn't you let me analyze which industry is the most profitable to invest in at this stage?"

"What's the point of analyzing that?"

Chen Mo looked at him with a puzzled expression and said, "If you can make money by analyzing this kind of thing, do those Wall Street elites still need to work for a consortium?"

"…………"

Wang Sicong was stunned and speechless.

But thinking about it carefully, it seems that Chen Mo is right.

If things like making money could be solved by analysis, then there would probably be too many rich people in the world.

"In fact, investing is not as mysterious as outsiders think."

Chen Mo poured himself a cup of coffee and said calmly: "Sometimes doing venture capital is, to put it bluntly, gambling. Analysis of various situations is nothing more than adding some chips to the gamble. But in the final analysis, mathematics is too mysterious, and simply If you believe in data analysis, you will never make big money in your life.”

Wang Sicong nodded slightly and had to admit that what Chen Mo said made sense. It was indeed the case.

He studied finance in college and knows this truth well.

Really successful investments often rely on investors' intuition rather than so-called data analysis.

It seems that no one knows that Son has invested in more than 800 projects, but only 5% of them are truly successful.

But it was Yahoo among these five percent that made him the richest man in the world, defeating Bill Gates, who was at the height of his power.

"That's the first lesson I'm going to tell you."

Chen Mo said calmly: "Sometimes, investors don't necessarily believe in data, but you have to believe in your own feelings."

After hearing his words, Wang Sicong was silent for a long time, and finally said: "Actually, I am very interested in live broadcasting. I think this industry may be a hot spot in the future."

There was a pause.

He added: "In addition, I think e-sports is actually very promising."

Chen Mo glanced at Wang Sicong in surprise, but he didn't expect that he would be interested in live broadcasting and e-sports at this time.

But it's normal when you think about it. After all, this guy is known as the godfather of China's e-sports industry.

Moreover, he even invested in a live broadcast platform when the live broadcast industry was at its peak.

It's a pity that although he stood on the cusp of the storm, he was unable to ride the wave and finally left the market sadly.

"In these two industries, you can consider starting to expand, and if you have the opportunity, invest in them."

Chen Mo said calmly: "You can also have someone conduct market research first. If appropriate, we can be the first to eat the crab."

One thing to say.

Whether it is live broadcasting or e-sports, it will indeed be a profitable industry in future generations. Wang Sicong can realize this. Chen Mo is very satisfied and does not mind helping him.

Wang Sicong looked surprised. He didn't expect that he just said it casually and got Chen Mo's approval.

No wonder he can become as rich as the richest man. His keen business sense is something that ordinary people don't have.

"In addition, you should investigate domestic group buying websites."

Chen Mo said calmly: "Give me an analysis report within three days."

"Group buying website?"

Wang Sicong was a little surprised.

"Yes."

Chen Mo nodded: "Go and do your work, you have a lot of work these days."

Although Wang Sicong was a little confused, he nodded and agreed, and soon left.

But looking at his back, Chen Mo laughed.

Wang Sicong probably doesn't know how many business opportunities there are in the field of group buying websites.

In fact.

Since the first group buying website in China was launched at the beginning of last year, by August this year, the number of domestic group buying websites has exceeded 5,000.

Among them, many major portal websites have joined, as well as new group-buying websites. Platform-based Internet companies such as Sina, Penguin, Kaixin, and Renren have also entered the group-buying field. Group-buying has almost become a standard feature of Internet companies.

The entire Internet industry is looking forward to the high-profit myth created by Groupon being replicated in China.

In order to compete for the domestic group buying market, various group buying websites have begun to compete in disguised forms.

Currently well-known domestic group buying websites such as LaShou, Meituan, Wowotuan, Ershijuan, Manzuotuan, and Gaopeng.com have started rounds of financing competitions.

Advertising wars, tug-of-war, positional warfare and other overwhelming advertisements have been integrated into the daily lives of all people.

The low entry threshold has undoubtedly accelerated the development of the group buying industry, but it has also inevitably caused vicious competition and rapid reshuffle in this industry.

The initial group-buying websites required a large number of salespeople to popularize group-buying knowledge to merchants. Soon, almost every merchant would receive salespeople from several or dozens of group-buying websites.

Merchants used website promotion to quickly reverse their position, and began to evaluate and compare which group buying website to cooperate with would be more beneficial to them.

In order to compete for customers, some group buying websites have to lower the bottom line of merchants again and again.

In this kind of game, both parties must ensure their own profit margins.

As a result, consumers have become the final payers in this battle for profits.

However, consumers who are dissatisfied with the single consumption experience are likely to no longer buy into the group purchasing model.

As a result, the development of the industry has entered a bottleneck, and venture capital has begun to move to other fields. The consequences of the break in the capital chain are self-evident.

Although some people in the industry are not optimistic about the future of group buying websites, others say that after fierce competition, 99% of the thousands of group buying websites today may die in the future, leaving only four or five. Websites that reach a certain size will eventually become leaders.

So, how to survive in this fierce competition has become a problem that more than 5,000 group buying websites need to face.

Actually.

Except Chen Mo,

No one knows who will win this game.

This is also his biggest trump card!

Although Chen Mo has now chosen to retire and lie down, he has never refused to earn some pocket money.

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