1. Entrepreneurship in the Internet industry is often hard work. You must be mentally prepared for failure at any time. Talent and funds are problems that all entrepreneurial companies will face.

2. The Internet is like this. The basis for success is that you must understand it.

3. Except for platform companies, e-commerce is the company with the lowest technical content in the Internet industry. Marginal costs do not decrease significantly with the expansion of scale. The cost of opening a physical store is covered by advertising and logistics costs. Super, the bigger it gets, the more it loses, and it keeps losing money for a long time. I wonder why venture capital investors invest so much money at the premium of Internet companies? The stock market cannot accommodate so many listed e-commerce companies. To make money by using e-commerce, you don’t necessarily have to go public on a scale.

4. I am a veteran of the Internet. I must remain vigilant at all times. After a long time, will I continue to maintain the curiosity I once had for a period of time because Sohu has a long history and my life is comfortable? Mind, this kind of curiosity leads you to see something forward-looking.

5. The Internet has actually gone through three stages. The first stage is that access is king. The second stage is that content is king. The third stage has quietly begun in the past few years. We call it application is king.

6. My feeling about Internet products is that it is better to cut off one finger than to hurt ten of them. In terms of product direction, we must first learn to do subtraction, not addition. You must first find the right point and make it perfect, otherwise you will do all the functions, and in the end it will not stand out and have no clear selling point.