There was a buzzing sound from the audience. In fact, many people in the industry also knew the essence of the Internet, but it was a bit too shameful to be said just by being said like this. However, Zhou Yujie and his headlines were also included, so it was hard for everyone to say anything.

Li Jiwen asked with a embarrassed smile: "Mr. Zhou, the essence of the Internet is links, and it seems that there is nothing wrong with focusing on the service industry?"

Zhou Yujie nodded and said, "There are high-tech in the service industry, but if this direction is always set as the ultimate goal, I cannot say no, but no matter how many such Internet companies exist, they have no actual value. The real value should be to create wealth, not just to compete for wealth from the stock market."

Li Jiwen asked: "Will Mr. Zhou investing in car manufacturing mean that Toutiao will enter the physical manufacturing industry?"

Zhou Yujie smiled and said: "We will continue to do our best to operate Toutiao's existing business, but at the same time we will use Toutiao's power to enter the high-tech manufacturing field. Car manufacturing is only a small part of it. We may involve other manufacturing industries, or we may not participate in manufacturing in certain industries, but will participate in R&D.

This is also what I want to make. Many Internet companies have light asset operation models. It may be too risky to build cars or enter the manufacturing industry, but participating in scientific and technological research and development is another matter.

Let me give you an example. In the 20th century, there were three major projects in human history, namely the Manhattan Atomic Project, the Apollo Moon Landing Project and the Human Genome Project.

The first two have been achieved, but the last one is very difficult, because there are almost 200 million human genomes, while the R&D team can only study dozens, and at most hundreds at the same time. This efficiency may not be possible in a thousand years to complete this project.

But Google has proposed a solution using high technology. Using existing data, Google makes data predictions. Although it cannot be said to be 100% accurate, it has improved efficiency by hundreds of times. If this project is really successful, then biologists can use this data to develop more anti-cancer drugs.

There are also information that you may know, such as Go master AlphaGo, driverless driving, AI robot technology, VR technology, etc. Similarly, other American technology companies are also taking the same path, and even Amazon is developing rocket technology.

Of course, American Internet companies also invest a lot of resources in the service industry, but in terms of proportion, they are still not as good as domestic Internet companies. At least they are testing how to innovate in technology and make new products. Domestic companies are trying every means to focus on the consumption habits of domestic people. I can only say that this is not the case. Since they are so rich and have enough resources, why not innovate in the field of technology, but focus on the people's wallets?"

"Okay..." I don't know who screamed at the bottom of the podium, and then the applause was rumbling. Without thinking, there must be many reporters and ordinary consumers. The Internet tycoons on the scene would probably not be so excited.

After applause, Ma Huateng raised the microphone and said, "Mr. Zhou said it very well, but at present, the most powerful thing in the domestic Internet service industry is headlines, right?"

As for the service industry, the most well-known restaurant system with takeaway as the core, the travel system with online car-hailing as the main one, and the shopping system with online shopping as the main one. Toutiao's share in these three fields cannot be underestimated. It is not an exaggeration to say that Toutiao is the largest Internet service group in China.

Zhou Yujie nodded and admitted happily: "Yes, I don't deny this. We will still develop our best in the future, but these results are all the achievements of Toutiao in the past. When Toutiao was just starting out and still weak, we naturally had to choose the best and fastest route to achieve results. Now with the results, it is time to make a choice.

In the future, Toutiao, and my personal industry, will use high-tech research and development or focus on investing in new companies with potential. It is the strategic direction of Toutiao in the next ten years."

"Get out of the virtual and into the real?" Many people at the scene began to whisper and buzz.

Li Jiwen asked: "What industries will Mr. Zhou enter? In addition to making cars?"

Zhou Yujie said: "In simple terms, car manufacturing is actually just a small part of the layout of investing in the new energy industry. In the future, I will deploy charging stations nationwide. The investment in this area will reach tens of billions. My goal is to cover charging stations in most cities within 5-10 years. Each city has enough charging stations to allow new energy vehicle owners in cities to quickly find corresponding parking spaces, so as to reduce the battery life of new energy vehicle owners.

At the same time, the power generation field will also be our research and development direction, mainly solar photovoltaics."

After listening to it, Li Jiwen said: "Mr. Zhou, your layout in the electric vehicle field is indeed very grand, which is very similar to Musk. Musk has also come to Wuzhen. If you are interested, we will try to arrange a conversation with Musk. What do you think?"

"Yes." Zhou Yujie nodded and said. Although he has different nationalities, Musk's madness towards technology ideas is really admirable. What's stronger is his strong execution ability, which can really achieve those incredible goals one by one.

Just talking about the electric vehicle field, Zhou Yujie dared to enter, because he knew the future direction, and the second is because the huge cash flow brought by the Internet industry allows him to toss at will. If he only had 10 billion yuan, he would not dare to enter the automotive field. When Musk had only a few hundred million US dollars in his hand, he dared to play SpaceX and Tesla at the same time, which is admirable.

Li Jiwen continued: "Mr. Zhou, in the past one or two years, the country has also begun to gradually reduce subsidies for solar photovoltaics. Is it too late for you to enter at this time?"

Zhou Yujie said: "Photovoltaic power generation itself is clean and pollution-free. This is a good point, but the disadvantage is that the cost is too high. It is difficult to recover the cost based on the current electricity bill. Therefore, the country initiated subsidies 10 years ago, but at that time the subsidies were too high, far exceeding the cost of photovoltaic itself. As a result, too much capital entered this field, which caused the price of photovoltaic raw materials to soar. The country's subsidies were cheaper to raw material manufacturers, so the subsidies gradually lowered the subsidy prices and restored the market to normal. The reason why the market was not good was because of too much production capacity in the early stage. Many people invested too much and naturally suffered losses.
Chapter completed!