Source: CCTV Finance "Dialogue" column video screenshot Five entrepreneurs reviewed the development of private enterprises and shared some of their anxious moments and difficult experiences. On the morning of November 1, President Xi Jinping hosted a private enterprise symposium in Beijing and delivered an important speech. He pointed out that the private economy is an intrinsic element of China's economic system, and private enterprises and private entrepreneurs are our own people. He also stressed that all private enterprises and private entrepreneurs can completely eat their hearts and seek peace of mind. On the evening of November 4th, CCTV's "Dialogue" column was specially planned, and invited 10 directors and CEO of Tencent, Ma Huateng, chairman of Hangzhou Wahaha Group, Zong Qinghou, and TCL Group Chairman Li Dongsheng, to talk about private economic operations. course. Some people say that the 40-year history of reform and opening up is, in a sense, a history in which the state has continuously innovated the theory and policies of the private economy, the laws and regulations of the private economy have been continuously improved, and the business environment of the private economy has been increasingly optimized. Therefore, we can only see the essence of the existence of the private economy if we are fully integrated into the long history of reform and opening up for forty years. For the development of private enterprises, we can use the "challenge limit" to describe. They will certainly go through the process of overcoming mountains and overcoming difficulties. The three most obvious difficulties are the icebergs of the market, the mountain of financing, the volcanoes that are transformed, and the most difficult time for private entrepreneurs to cross the mountain. Coincidentally, Chairman of the Board of Directors and CEO of Tencent, Ma Huateng, and Chairman and CEO of TCL Corporation, Li Dongsheng, admit that the most difficult thing is the transformation of the company. Ma Huateng believes that enterprises have to experience different difficulties at different stages. In the early days, in order to fight for the market, the initial financing and financing of follow-up development are all issues that determine the life and death of the company. However, looking back, the hardest part is still transforming. Li Dongsheng also believes that the most sad thing is transformation. "We are a traditional industry. The development of traditional industries must be realized in the last 20 years. How can we embrace the Internet and embrace artificial intelligence technology? How to introduce smart manufacturing and industrial 4.0 technology in traditional industries is actually industrial transformation. This transformation is a huge challenge for enterprises and for business leaders. It can't be done by hard work." Chen Dongsheng, chairman and CEO of Taikang Insurance Group Co., Ltd., believes that the biggest difficulty is that he does not know if he can succeed. Regarding the embarrassment and suffering in the early days of entrepreneurship, he said that "the heart is sweating." Zong Qinghou, chairman of Hangzhou Wahaha Group Co., Ltd., said that the market has been very hard. It is not an easy task for a hundred individual factories to quickly open the national market. Wang Junjin, chairman of Shanghai Junyao (Group) Co., Ltd., said that he had experienced the "three mountains". National sales channels, brands, the construction of aviation logistics and the grasp of quality control, he believes that these are the places to work hard after entering the market. Zhuang Congsheng, the former vice chairman of the former Federation of Industry and Commerce, said that from the perspective of the enterprises he contacted, the core problem of turning over the "three mountains" must follow the path of innovation-driven development. Therefore, private enterprises must develop under the new normal, and there is no other way. First, we must transform and upgrade, improve quality and efficiency. To increase the intensity of innovation in technology, we must be willing to invest in research and development, and use product innovation to lead the innovation of consumption in order to occupy more markets. Second, we must increase the upgrading of traditional industries. The key technologies, core technologies and key processes and processes must be upgraded as soon as possible, and continue to move toward the high end of the industry chain. Third, we must pay attention to strengthening brand building. Brands are the brand of enterprises, such as Tencent, Wahaha, Lucky, TCL and Taikang Life Insurance. These brands have tens of billions of intangible assets, so private enterprises must pay attention to strengthening brands. Construction. In short, from the enterprise itself is to change the extensive development path of the past and become an innovation drive, only this way can make enterprises cross the "three mountains." The following is a special plan for the CCTV "Dialogue" (slightly deleted): Moderator: Thank you, thank you. Welcome everyone to watch our Dialogue on time. This year we ushered in the fortieth anniversary of China's reform and opening up. These forty years are the forty years of China's earth-shaking changes, and it is also an incredible forty years. Some people say that in the past 40 years, one of the greatest achievements of reform and opening up has been to arouse the vitality of Chinese folk, and the biggest beneficiary in this process is undoubtedly China's private economy. Commentary: Forty years ago, the Third Plenary Session of the Eleventh Central Committee of the Party unveiled the prelude to reform and opening up. For forty years we have come out of closed ignorance, breaking through social barriers and creating an incredible 40 years of brilliant achievements. In this unprecedented and magnificent reform, the non-public economy dominated by private enterprises has broken through all kinds of constraints and wrote a magnificent historical picture with the spirit of being the first to be the best in the world. In these four decades, the private economy has experienced everything from scratch, from small to large, from weak to strong, from China to the world. In these four decades, the private economy has also experienced a process from being hit, to restrictions, to acquiescence, to recognition, and then to being encouraged. Their political status and legal status have been continuously improved. In today's China, the private economy contributes more than 50% of the tax revenue in the entire economic system, more than 60% of GDP, more than 70% of technological innovation, and more than 80%. Labor employment in urban areas, more than 90% of new jobs and the number of enterprises. It can be said that today's private economy has become an important part of the socialist market economy, an important subject for stabilizing employment and promoting technological innovation, an important source of national taxation, an important force for sustained and healthy economic development, and the growth of entrepreneurs. An important platform. The history of reform and opening up for forty years proves that without the development and growth of the private economy, it may not be possible for China's economy to develop today. Moderator: The development of the private economy has made China's economy today. During the 40 years of reform and opening up, there are many moments that touch us, and there are many figures worthy of our admiration. This is a group of entrepreneurs who admire everyone. With Deng Xiaoping's first South Tour speech, they have opened up the barbaric growth of China's private economy from nothing, and today they are old and eager to live a thousand miles. They were called the 92nd School. With Deng Xiaoping’s second South Tour speech, they resigned and went to the sea, opening a golden age for China’s private economy. Today, they are full of enthusiasm and enthusiasm. This is a group of entrepreneurs accompanying the rise of the Internet. Among them are returnees and entrepreneurs, and local entrepreneurship, they have brought together the era of China's Internet. Today they are full of enthusiasm and enthusiasm. The familiar faces we have just seen together form the vivid expression of the Chinese economy for forty years. At the scene of the "Dialogue" program, we also invited five entrepreneurs who were involved in the flood of reform and opening up for 40 years in different time periods. Who are they, what kind of sentiments they come with, they will Looking back at what time we are with us, what kind of future will we take with us? Next will be their debut, and today they will meet you in a special way. Let us have the first entrepreneur. Ma Huateng: Today I brought a text message to everyone, the name is called the future. China's Internet should be reformed and opened up. Ten years ago, Tencent was born in Shenzhen, the hot spot of reform. Looking back at the development of the Internet in China, the most important thing to thank is that reform and opening up has given us a huge space for tolerance and innovation. Tencent has benefited from reforms and has also helped reform. The Internet is becoming a new kinetic energy for China's economic development and a soft power for cultural development. As a builder of network powers, we are actively responding to the Digital China strategy and are committed to becoming digital assistants in all walks of life. Standing now to see the future, we must invest in basic research for a long time, encourage scientific exploration, and lay out cutting-edge technology. We have the confidence and determination to fight hard in the wave of the information revolution. Strive for the forefront in global competition. Standing in the future, the digital economy will surely become the key to China's leading global, the first to open the door of the fourth industrial revolution. This is an industry that is related to national rejuvenation and a deepening of the great cause of reform. This is also my Chinese dream. Thank you! Moderator: Thank you, Mr. Ma Huateng. In the torrent of reform, his entrepreneurial pace allows the Chinese to complete deep links between people and people, people and the world earlier and better. Let us look forward to the next entrepreneur together. Wang Junjin: In the 40 years of reform and opening up, China has undergone tremendous changes. I personally have undergone changes, thanks to reforms, and to pay tribute to the times. From the original fishermen who had nothing at all, they grew up to be the top 500 employees of private enterprises, from an entrepreneur who aims to improve their lives to an entrepreneur who is committed to revitalizing national enterprises. From an ordinary person, he grew up as a member of the National Committee of the Chinese People's Political Consultative Conference and a representative of the National People's Congress and participated in national affairs. I often think, what made my life have a chance to shine, and achieved this career? It is the trend of the times of reform and opening up, awakening the entrepreneurial dreams that exist in me; it is a good policy of the party and the country to promote the development of enterprises. And my personal growth. From the daring in 1991 to the establishment of Jixiang Airlines, we realized the aviation dream. In 2005, we participated in the Shanghai education reform and realized the educational dream. From the lead to form the first batch of private banks in the country, we realized the financial dream. The realization of one dream has further strengthened my belief in China's development path, and I have no intention of doing business. I am committed to building a century-old shop with a long-term foundation and contributing all my power to realize the Chinese dream. Thank you! Moderator: Thank you, Mr. Wang Junjin. At the beginning of reform and opening up, people referred to their entrepreneurship as daring, and today, 40 years later, people finally discovered that they actually used their own breakthroughs to provide another comment for their daring. Next let us ask the next entrepreneur. Li Dongsheng: Paying tribute to the great times. China’s 40 years of reform and opening up is a forty years of bringing about a historic change to China, and the world has been amazed by it. It is also China’s spurt to catch up with the world’s forward trend and usher in the great rejuvenation of the nation. year. In 1982, after graduating from university, I participated in the creation of China's first batch of Sino-foreign joint ventures and founded TCL. From a ignorant youth to a leader in controlling a 100 billion company, I experienced a decade of reform and opening up. It has witnessed the weakening and strengthening of China's economy, the rapid improvement of industrial and technological strength, and the country's transition from a closed state to full openness. During this period, TCL also developed from a small local small-scale enterprise to an internationally competitive multinational company. TCL's nearly 40 years of growth has been in sync with the country's reform and opening up. I am deeply grateful to this era. The era has made Li Dongsheng, and the times have created TCL. Looking back over the past forty years, it has created a large number of well-known enterprises that have been in the limelight, with the times rising and falling, big waves, economic transformation, and technological iteration. While nurturing the younger generation of enterprises, they also eliminated the laggards. I realized that the homeopathic person is strong, the innovator is strong, and the hard-working, hard-working person wins. The current situation will create a hero, and it will certainly create a great enterprise. I hope that in the process of realizing the second century goal of our country, I can participate in and witness this process, and make my own contribution to the country's powerful and national revival, and live up to this era. Moderator: Thank you, Mr. Li Dongsheng. His entrepreneurship and his persistence have enabled Chinese brands to have their own high-light moments on the world stage. Let us look forward to the next entrepreneur. Chen Dongsheng: Entrepreneurs on the road of entrepreneurial innovation, this year is the fortieth anniversary of China's reform and opening up. The fortieth anniversary is magnificent, and China has undergone earth-shaking changes. The most important thing is the rise of private enterprises and the growth of entrepreneurial groups. In this fertile land of China, the reality is greater than the ideal. The Chinese entrepreneurial group grew up along with the great rejuvenation of the Chinese nation. Since the reform and opening up, Chinese entrepreneurs have experienced entrepreneurship in the 1980s, the tide of the sea in 1992, the formation of entrepreneurs in the returnees, and the entrepreneurial wave of the post-WTO. In fact, this is the great historical greatness of Chinese entrepreneurship. process. Recently, General Secretary Xi once again stressed that the two unwaveringly gave the private economy a huge affirmation and encouragement. Encourage private entrepreneurs to grasp the general trend of the times, strengthen the confidence of development, and make new and greater contributions to the realization of the Chinese nation's great rejuvenation of the Chinese dream. To realize the Chinese dream, we must carry forward and carry forward the entrepreneurial spirit. Entrepreneurship is the spirit of adventure, dare to be the first, the first to eat crabs, the driving force of efficiency and innovation. Entrepreneurship is the spirit of optimism, looking at the goals, persevering, and welcoming opportunities and challenges without hesitation. Entrepreneurship is the model spirit, taking the road of entrepreneurship, marketization and standardization, following the "pro-" and "clear" new political-business relationship and becoming the positive energy of this society. Entrepreneurship also needs to continue to be passed down. There must be one set of one, one wave and one wave of entrepreneurs who are obsessed with innovation and entrepreneurship, and continue to be on the stage of history, so that our country and society will keep their youthful vitality. Paying tribute to the 40 years of reform and opening up, paying tribute to the Chinese entrepreneurs and Chinese entrepreneurs on the road to entrepreneurial innovation, paying tribute to this great era. Moderator: Thank you Mr. Chen Dongsheng. In that letter, we heard a long-lost name. The 92nd faction is an entrepreneur like Chen Dongsheng. They bravely left the system of the year and jumped into the depths of the time. Unpredictable sea, but with its own entrepreneurship and achievements, let us see the value of life in fact there is another way of presentation. Next let us have the next entrepreneur. Zong Qinghou: Dear friends of private entrepreneurs, General Secretary Xi Jinping pointed out during the inspection of the three northeastern provinces some time ago that it is necessary to rely on innovation to make the real economy a reality, stronger and better, which makes me in the real economy for decades. Feeling, I have always said that the real economy is an economy that creates wealth. How to make the real economy rich and strengthen the country and maintain steady development requires the innovation emphasized by General Secretary Xi Jinping. The current international environment is complex and severe, and the number of external challenges has increased significantly. Many companies feel bad about it, saying that winter is coming. I think that any great enterprise will encounter difficulties and setbacks in the development process, and it will never be smooth sailing. I believe that we must stick to the main business, we must run small steps and steadily. For so many years, the company has achieved good benefits and abundant accumulation of raw materials. It is precisely what we can't do without doing what we can, and it quickly catches up and develops rapidly once opportunities arise. In this way, the risk of the company will be reduced. Reform and opening up also provide unlimited possibilities for the development of private enterprises, but to achieve this may require every entrepreneur to practice, one step at a time, I think that our private enterprises are the main force of enriching the people. At the same time, we are also the beneficiaries of the party's reform and opening up policy. We must first enrich some people and have the responsibility to help the rich and achieve common prosperity. After 40 years of reform and opening up, I believe that China's economic prospects are optimistic. How can the party and the state pay attention to the development of private enterprises? Chinese private enterprises have much to offer. Moderator: Thank you, Mr. Zong Qinghou, the big wave of sand, we will always see a figure that never goes with the flow, thank you for using his own persistence, interpreting a force and moving. We are also particularly grateful to every entrepreneur who brought his letter to our site today and applauded to welcome them to the stage of Dialogue. We welcome five entrepreneurs. At this moment, we are reunited on the stage. The moment when every entrepreneur stood up and read the letter, it really brought our thoughts back to the wave of the 40 years of reform and opening up. Ups and downs, every moment, every moment, every experience, every move, in fact, in your heart, also in front of our eyes, just the letter of thought is actually the process of seeing their beliefs. I think everyone will have their own unique feelings about a certain point in the other party's letter. We can come and talk, in your opinion, just five letters, who read the most appealing. Chen Dongsheng: Huateng. Moderator: Ma Huateng got a vote, and did you agree? Please raise your hand. Wang Junjin: Huateng and Zong Zong are very infectious. Moderator: From what angle do you judge that the two people's appeal is the strongest. Chen Dongsheng: The gas field is the strongest. Li Dongsheng: In the process of Huateng Nian's letter, you can feel that a new industry, the younger generation of entrepreneurs, and our traditional industries have to catch up with the global leading level, we spent almost forty years. But in some emerging fields, the younger generation of entrepreneurs, they have reached the industry's leading industry in this industry in ten years. This process is very emotional and I feel very proud. Moderator: The order of reading letters just came out in order of age, so Mr. Ma Huateng took the lead because he was the youngest, the youngest entrepreneur, an entrepreneur, and the entire reform and opening up. Will the feelings be different from the oldest? The two of you just sat together, and we asked the youngest and oldest representatives to give a speech. Zong Qinghou: After listening to the speech just made, I feel that we are stronger than the first generation, so I feel that the Chinese entrepreneurs are better than the first generation. After the waves of the Yangtze River, the country will be more prosperous and strong. Moderator: I think Zong has always had such a humble virtue, the youngest of the five, Mr. Ma Huateng. Ma Huateng: I don't think my qualifications are enough, because although we have been in business for 20 years, they are 30 years, 40 years, or even longer, a pioneering experience, and historical precipitation. It is much richer than me. Moderator: Both modest people are sitting together. Just after reading the letter of Mr. Li Dongsheng, Mr. Chen Dongsheng read the letter. A viewer from the audience said that they are CP combinations. Chen Dongsheng: We are all in the 1950s. He studied engineering and I studied liberal arts. He is manufacturing, and I am doing the service industry. They are the same and different. Li Dongsheng: I am very similar to Dongsheng. We graduated from high school and went to the countryside to go to college. However, there is a difference. He stayed in the system for a while, and I went straight to the business. But Dongsheng is in a big stage in Beijing, so his vision was very high at the beginning. I am in a small city in Guangdong, so I started to work as a butt, and I have different growth experiences. Moderator: Mr. Wang Junjin's initial entrepreneurship was also in a small place. People said that they were daring and daring. In fact, in that era, it was not a derogatory term. Wang Junjin: In 1991, it was indeed very early. But if you don't speak in the South, you may not be able to do it. So we are still catching up with reform and opening up, so we have grown up to the present day. You see how many dreams of ours are round, that is, continuous reform, continuous opening, and continuous work, so it is the happiest in China, this is me. Feelings. Zhuang Congsheng: Just five entrepreneurs, they read the letter of tribute to reform and opening up, I am very touched. Today we have 30 million private enterprises, with 69 million individual households. Our private economy has nearly one market subject. Billion, then they are the representatives of this one billion. Our private enterprises have created “five six seven eight nine†with less than 40% of the resources (the private economy has contributed more than 50% of the tax in the entire economic system, more than 60% of GDP, and more than 70% of technological innovation, The historical contributions of more than 80% of urban labor employment, more than 90% of new jobs and the number of enterprises, the central leading comrades have fully affirmed. Today our private economy can be said to be a strong country's economy, a rich economy, an innovative economy, an open economy, a dynamic economy and a responsible economy. Moderator: More and more people today will say that China's private enterprises, including private entrepreneurs, have always been a process of overstepping the mountains during the development process. There are three mountains in front of them, that is, the icebergs of the market, the mountains of financing, and the volcanoes that have transformed. I especially want to ask the five guests on the scene. When you cross a mountain, have you experienced the hardest and most difficult time? Li Dongsheng: I feel that the most sad thing is the transformed volcano. We are a traditional industry. In the past two decades, the traditional industry must achieve a transformation, how to embrace it. This transformation is a huge challenge for business leaders. Ma Huateng: I am a little close to General Li’s opinion. It is true that these three mountains have been experienced at different stages of the enterprise. Including early, hard work for the market, including initial financing, including financing for subsequent development, is a question that determines the life and death of the company. But looking back, the hardest is transformation. At the beginning of Tencent, we were in the sea. In fact, we are developing software. We did not expect to be a service operator. Because it was impossible to find a business model at the time. If there is no business model, it is impossible for the company to continue. However, the QQ software we developed was found to be unsuccessful, and the result was forced to become a service provider. Moderator: At that time, I was struggling too. I want to sell the company. Ma Huateng: It’s not to be, it’s always selling. Moderator: Always looking for, no one took over. Ma Huateng: I found four or five. Moderator: How many people in the world have regretted the intestines. Ma Huateng: So the most difficult thing at that time was that I could only find money and find financing, especially in Shenzhen. At that time, there were no VCs or venture capital concepts, so I was very fortunate. Until the eve of the Internet bubble, I just got 250. Wanmeijin relies on this to become a foundation for development. But a big transformation by seven or eight years ago was the shift of the PC Internet to the mobile Internet, which was another major transformation. You look back now, if we can't turn it over, then we will die. We can also see that all Internet companies at that time did not actively embrace the mobile Internet and would fall behind. So at that time it was a big opportunity. Moderator: I remember that we had a conversation on this issue at the time. (playing VCR content) Moderator: In fact, this ship sailing in the sea of ​​mobile Internet, he will not wait for people, many people think that Tencent is sure to get the ticket now, because WeChat is now the best testimony, then What kind of feeling do you have with this ticket now? Ma Huateng: Yes, this is a ticket issued by the outside world. We feel that we are still very worried, because it is just a platform ticket, I feel it is. Can you sit at the end and don't know, one of you went up, or a team, don't know. And many people are squeezing up, that is whether they are getting along with each other or not, I don’t know. Ma Huateng: Yes, we still moved earlier and jumped on the ship faster, so we developed WeChat and then competed with our own QQ and self-subverted. We think that it is better to subvert us than others, and it is better to do it ourselves. It is also a relatively rapid transformation that has saved many of the developments behind us. I think it is very important. But today we are facing a new transformation, that is, from the first half of the Internet, that is, the consumption of the Internet, to the second half of the industry Internet, we hope to combine Internet technology with the industry of everyone present. Therefore, Li Dong said that you want to be Internet-oriented. In fact, we want to industrialize technology. Li Dongsheng: We will communicate more after that. Question: I am Tang Bin who paid for Epro. I came back to China to create Epro payment more than ten years ago. I want to ask two entrepreneurs a question. One is Chen Zong and the other is Ma Zong. These two areas are now at the forefront. Finance is now undergoing transformation, and the Internet has many challenges. What are you most worried about at this time, what are you looking forward to in the future? Ma Huateng: It is true that the Internet has now entered the deep water area, and it is still a no-man's land. The platformized economy has reached a certain scale. It turns out that some small enterprises have now grown into some large platforms of society, and its supervision and policies are actually What has not kept up, including public opinion, how people treat such things happening on this platform is very different. This is a big challenge. Everyone has to see that its objective environment is like this. From the government, from the public opinion, including the industry, including emerging industries and traditional industries, we must work together to solve such a big problem. Chen Dongsheng: The question of finance is very good, because the financial industry has developed rapidly in recent years, especially the innovation of Internet finance, and the deregulation of financial supervision. The insurance industry has also made some things in the past two years, so the risk of financial prevention It is the top priority of the current economy and finance, the prudent principle of finance, and the principle of financial stability should be the philosophy that all financial enterprises adhere to. Question: Distinguished guests are well-known entrepreneurs of our private enterprises, and this industry giant, how do small and medium-sized private enterprises share symbiosis with everyone? Chen Dongsheng: I often take me as a Guardian auction. In fact, the art auction is a very small group, and it is also a top-tower business. After you do it, you will be very successful. So I always talk about it and stick to it in the market segment. Sticking to the top three of this market segment will definitely be a very valuable company. Another is that you see us here, just like Huateng is doing the Internet, and it has been twenty years. I have twenty-five years, you have thirty years, forty years of business, you think about it, in the quarter century, you have to have this enthusiasm. So I said that if I persist, I will make flowers. Moderator: This is probably the experience that every entrepreneur has had. What should I do if I can't go on? Ma Huateng: That is to change, to transform. Or the frontal attack can't be done, we must find another way out, so I just had a suggestion that you want to find this cross-crossing place to innovate, that is, the blue ocean. The same was true of our experience in the past, because I used to be a paging system. It was the BP machine of the year. Many people may not know the concept now. So from the BP machine to the Internet, the communication between the Internet and the Internet was actually cross-border at the time. People who engage in traditional communication did not understand the Internet. In fact, the Internet did not understand the protocols and interfaces of communication, so I found this. Opportunity to develop a system. Then it happens to be cross-border and can be merged. Therefore, the first bucket of gold at that time was actually a BP machine, and then it became a QQ for mobile phone text messages and the Internet. That was our first business, the first large-scale business. At that time, we opened five yuan for each user. Basically, it was an exclusive business, and then no one did, but I don’t know how to do it. Because the charging channel is very difficult, at that time, it was charged with the operator, and the wallet was used for 5 yuan. It was collected from the (user) phone bill. This is a very segmented market. When we were in the content industry, our shareholders, our foreign directors, they also opposed it. Our South African shareholder said that how can a technology company like Silicon Valley do something like Hollywood, movies, games, music, they think it is cross-border, completely impossible. Moderator: It’s too far. Ma Huateng: It’s too far, but I said, yes, it’s really hard, but we’ve found that we can use technology to do content, and what can be used to make our strengths so that we can do the same with other things, or Other companies that do the same technology, the key is to find their own location and find a blue ocean. Moderator: This key word, I think it is very valuable. Chen Dongsheng: There is another waiting time. I am doing a jiade art auction. This experience is very deep, because just entering this field is equal to China's business model of learning foreign countries, and getting China to get it. Moderator: It is equivalent to an icebreaker. Chen Dongsheng: Yes, there is no market at all. Artwork, especially antique auctions, at that time, the concept of (human) in the entire cultural relics was not acceptable. They think that taking (selling) cultural relics is to shoot (sell) ancestors, shoot (sell) ancestors disrespect, is to sell the country, so this hat is so overwhelmed. In fact, our (previous) ten years is basically meager profit, that is, the art market every year I auction two auctions from spring to autumn, about 70 million to 80 million, and basically no growth in ten years. So after the SARS epidemic, the Chinese economy grew up. At this time, the art market grew rapidly. Now in the art market, you see that twenty years ago, I shot 150 million transactions a year. Now, when I am high, I have 12 billion a year. So I often say that I must insist that one day God will touch you. The head of the head, so be sure to wait that day. Dear guests: I came from Guangzhou. Ten days ago, General Secretary Xi visited Guangzhou and inspected five high-tech and manufacturing companies represented by our company. As just two said, the market segment is I have a lot to do. I spent eight years studying in Harvard and found a market segment. This is the biolab consumables market. It spans two boundaries, one is biomedicine, then the polymer industry, no one does. How big is this market? 40 billion US dollars, more than 100 million large-scale enterprises worldwide. There is no industry in China. The biggest difficulty is the technical bottleneck. The Chinese will not do it. I don’t know how to do it. Then, six years to overcome the technical bottleneck, and then return to Guangzhou to start a business. We have been married for 18 years, I believe that I can come out, thank you. Moderator: Next, I have prepared five letters, which is different from the way five entrepreneurs read the letter. Today, my five letters may only have questions, and the answer should be left to five entrepreneurs to help us answer. I saw that Mr. Ma Huateng’s this is... Ma Huateng: In the past 40 years, the most memorable moments have been made, and the span is very large. Moderator: The span is very large, and I found the youngest person on our site. Ma Huateng: Then I will start with the farthest memories and the most recent memories. Moderator: Good. Ma Huateng: I was in 1984. When I was 13 years old, I immigrated from Hainan Island to my parents in Shenzhen. I just moved to Shenzhen. When I moved to Shenzhen, we were next to the famous International Trade Building, which was under construction. Everyone knows that the three-day floor is the speed of Shenzhen. The term was originally known at the beginning of the reform and opening up, and it is also very exciting. Then I remember that we also saw a slogan that time is money, and efficiency is life. Moderator: That is a slogan that resounds throughout the country. Ma Huateng: Yes, everyone may feel that it is not good now, but the environment at that time should be a very big excitement for the people of the whole country, and especially it can be said that this time is money, it is very difficult to talk about money. Moderator: At that time, everyone would not talk about money in such a clear-cut manner. Ma Huateng: The heart of all people, the raging fire, the fire of entrepreneurship, the fire of development, the fire of reform, just burned up. Then, the most recent moment is this morning. I have a symposium with private entrepreneurs hosted by General Secretary Zong. I am more impressed by the fact that General Secretary Xi said that some private capital exits are now outside. The public-private partnership theory is very wrong. He further encourages our private entrepreneurs to do their own thing and develop their own business. We systematically analyzed some of the various reasons for the problems we encountered, and encouraged many of our companies to think that this is a problem in development and an annoyance in growth. Don’t worry too much, be confident in your heart. To be confident, this is my last moment of moving. Thank you. Moderator: Actually, when Mr. Ma Huateng mentioned such a small age in junior high school, he was exposed to such slogans and slogans. Many of the guests on the spot were nodding in the sense that the years were actually in our hearts. Very deep, Mr. Dong Sheng was still in the system, right. Chen Dongsheng: Yes, within the system. Moderator: Mr. Li Dongsheng, where are you? Li Dongsheng: I just graduated from college. My own impression is that when I signed a merger agreement in Paris, France and France, when I signed a merger agreement, President Hu Jintao and President of France. Standing behind, it was a Chinese company that went to acquire the business of a large French company. This pride is born. When I came out, I saw the whole, the Eiffel Tower in Paris, the moment I became Chinese Red, my own tears flowed down. That scene, that kind of moving, is very shocking. 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