IDG Shong: I hope next BAT can be listed in China today held IDG \u0026 ldquo; shared economic and O2O the C2C \u0026 rdquo; the summit, IDG Capital founding partner Shong said that the current valuation is too high start-up company, which entrepreneurs, not a good thing. At the same time, he said he expects China's stock market listing of the threshold can be reduced in the future could have a similar giant BAT listed companies to the stock market in China. Overvalued at present unfavorable for entrepreneurs in the venture capital market, many start-up companies valued at more than million dollars, the amount of financing beyond the times compared to two or three years ago. Shong said this for entrepreneurs, in fact, not a good thing, which could lead to entrepreneurs only satisfied heroes do media, ignoring the customer and product experience. \u0026 Ldquo; the money does not mean success in 2007--2008 years of the Internet bubble, many of the valuation is relatively high start-up companies do not have a lot of final success.
For startups managers, always it was intended to determined the client, when a company's business model is not the final shape at any time are likely to fall short. In fact, the high valuation of the investment bubble or the relationship between supply and demand in the investment industry caused by uneven, this is no big deal, it male wigs does not mean success. Entrepreneurs do not become obsessed with financing experts rather than management experts, do not become the players' capital. \u0026 Ldquo; a lot of the industry winners, losers and more. \u0026 Rdquo; Shong said that one reason for the current overheating of foreign venture capital fund for the good of the mobile Internet start-up projects pursued, and second, a lot of PC Internet giant to the layout of the mobile Internet, spared no expense to buy in addition to the start-up mobile Internet company. Speaking in the capital overheating IDG's investment Cosplay Costumes strategy, said
Hugo Shong, \u0026 ldquo; still see a big market direction and growth of the project, the team's ability lolita dresses to expand and pattern innovation. \u0026 Rdquo; hope next BAT can be listed on the Chinese stock market when it comes to the current mobile Internet investment trends, Shong said the mobile Internet sector is possible the birth of the future of the Internet industry giants similar to BAT. \u0026 Ldquo; Alibaba listing in the United States, in fact, the climax of the Internet means that PC has passed, the next round of capital investment boom and boom should focus on the mobile Internet. Capital capacity of the entire mobile Internet continues to expand, Shong example in PC Internet era, IDG charge of funds in about 100 million dollars, but now the figure is 5 billion dollars. Turning to emerging startups way: it is acquired by BAT or market. Shong said that the two ways the essence of the difference is not large, listed or merger is to obtain funds to enable enterprises to continue.
China's market in the BAT spree startups phenomenon, it is because the domestic capital market exit channels, little. Shong said he was very looking forward to the domestic stock market Nasdaq has mechanisms to emerging start-ups, even in the case of non-profit can also have the chance to market. \u0026 Ldquo; I very much hope that we can reduce the threshold of the stock market, but also very much looking forward to the next BAT listed locations in the country. \u0026 Rdquo;