My 1999

Chapter 727 New technology + original industry = new industry

"Haha, this problem is difficult for others, but for a business genius like you, I'm afraid you have already figured out how to solve it."

"Reed, you are too complimentary. I am not God."

"A lot of people call you 'Son of God' now, especially those guys on Wall Street." Reed Hastings laughed.

Xu Liang shrugged, "Everyone knows that those guys on Wall Street are young men. As long as they make money, they can show their butts to anyone."

"Haha, you're right."

Xu Liang said after seeing someone else coming in.

"Reed, excuse me."

"OK, you are the protagonist today."

After smiling and patting his shoulder, Xu Liang stepped forward to greet him.

"Brother Yang, you are a little late."

Yang Zhiyuan smiled and stretched out his hand.

"I remember that the time set on your invitation was half past nine. It should be less than nine now."

After giving him a simple hug, Xu Liang said enthusiastically.

"The relationship between us is that you should come at eight o'clock and entertain the guests for me."

"Okay, my bad. Be sure to come earlier next time."

"That's right."

"Xu Liang, congratulations." Yang Zhiyuan blinked, "Father is a great character."

Xu Liang suddenly said, "Thank you. When the child is a hundred days old, I will definitely invite you to the banquet."

"Then I'll just wait. ...Okay, you are the protagonist today, so I won't delay you. Let's have dinner together when you are free."

Xu Liang nodded, "I'll go and entertain the guests first. See you later."

Welcome new arrivals again.

"Bill, Jeff, why are you here together?"

"Our planes landed at Newark Airport at the same time by coincidence, so we came together." Old Gates smiled.

Newark Airport is a well-known private airport near Silicon Valley, specifically serving the private jets of some wealthy people.

Xu Liang's Kunpeng was also parked there.

"Xu, this should be the first time we meet." Bezos smiled.

Xu Liangdao: "I went to Seattle in a hurry several times and didn't have time to visit the Amazon."

"Haha, there are not many shareholders like you in the United States."

"Investing means investing in people. The reason why I invest in Amazon is because I value your leadership. So, as long as you are the CEO of Amazon for one day, I don't have to worry about it experiencing major losses."

Bezos was stunned for a moment, then smiled.

"I am deeply honored to receive such praise as the 'Golden Caesar'."

Whether true or false, Xu Liang's words made him happy.

"Xu, I heard that you became a father?" Old Gates interrupted.

"That's right."

"Can I go take a look?"

"Of course. We're good friends."

"Can you bring me one?" Bezos smiled.

He loves children.

"no problem."

The three of them didn’t chat for long, because they were followed by eBay CEO Meg Whitman, Google founders Sergey Brin and Larry Page, and Don Valve, founder of Sequoia Capital and the father of Silicon Valley venture capital. Lundin, and now Sequoia Capital helmsman Michael Moretz.

As well as three of the four venture capital giants who are as famous as Valentine, Arthur Locke, John Doerr and Vinod Khosla.

There are even more founders of other small and medium-sized Internet companies, as well as some well-known investors.

It can be said that today’s gathering brought together almost all the top investors and Internet company giants in the United States.

Xu Liang's appeal surprised everyone who attended the investment reception.

Of course, the reason why so many people come here.

It also has something to do with the fact that Xu Liang rarely participates in social situations and his image in the outside world is relatively mysterious.

Everyone wants to see what this world-famous financial investor and technology giant is like.

The time slowly reached half past nine.

Almost everyone invited has arrived.

Nearly 500 people were crowded into the specially prepared conference room in the park, which seemed a bit crowded.

Under the gaze of everyone, Xu Liang stepped onto the podium.

Holding the painting tube, he looked at the figures below who had great influence in the outside world. Bill Gates, Jeff Bezos, Yang Zhiyuan, Larry Page, etc. sat quietly, waiting for him to speak.

An indescribable sense of great accomplishment lingered in my chest.

After taking a long breath, the thoughts in his mind became clear.

"Good morning, gentlemen and ladies, you are most welcome to attend the investment reception held by Hanhua today despite your busy schedule."

Wow….

Ceremonial applause broke out.

"Just now our senior partner of Hanhua and President of North American Company Lin Junrui came to me and said: Mr. Xu, why are so many people here today?

I glanced at him: Didn't you send the invitation?

He replied: I sent it, but I thought it would be great if I could come only half of the time, but now it’s all here, which makes me very nervous.

I said: It's okay, just look at me later.

As a result, after walking up to see everyone, I found that I was indeed a little nervous.

So if there is anything wrong with what I said later, please forgive me.

I'm only 24, so it's normal to make mistakes.

Are you young? "

The people who were PUA helplessly applauded this shameless guy again.

"Okay, let's get back to the topic, or you should beat me up."

There was a pause.

“Everyone knows one thing: the development of science and technology is not uniform.

Major scientific and technological breakthroughs take a long time to brew. During this period, technological progress is a slow accumulation of quantity. Some people call it a relative standstill.

Because all development at this stage is balanced.

But when these quantities accumulate to a certain level, technology achieves a single breakthrough in a short period of time, and then new technologies burst out. This is what everyone often calls the 'inflection point'.

There are many key turning points in history. For example, Newton invented calculus in 1666, discovered the three laws of mechanics and the law of universal gravitation, and completed optical analysis. From then on, the world entered a scientific modern society.

Therefore, this year is regarded as a turning point in the history of science.

By 1905, Einstein completed the molecular theory, discovered the photoelectric effect, and proposed the special theory of relativity. This opened up the modern scientific society, and subsequently all fields of physics flourished.

In 1965, Dr. Moore proposed Moore's Law, and at the same time large-scale integrated circuits appeared in the industrial world. This began the rapid development of the information industry that lasted for half a century.

So we ushered in the third turning point - the Internet.

The emergence of each turning point will trigger profound social changes, and they usually follow a pattern.

That is: new technology + original industry = new industry.

Those entrepreneurs who accept this law intentionally or unintentionally often stand on the top of the wave in the new era.

The first technology in modern times that brought changes to the entire society was the power revolution with the steam engine as its core.

After Watt invented the universal steam engine, many ancient industries with thousands of years of history were transformed into new industries after using steam engines.

The most famous example is the textile industry.

The industry has been a one-family cottage industry for thousands of years.

The British textile industry had developed greatly before the emergence of the steam engine. Various textile machinery driven by water energy were high-tech products before the 19th century.

Their production efficiency is much higher than that of purely handmade looms in the East.

But at that time, Britain did not produce enough textiles to be dumped around the world.

When steam engines were used in the textile industry, the situation was different.

The UK needs to open up the Eastern market to absorb all its production capacity.

When those foreign cloths were finally sold to China and India, the local traditional household textile industry that had existed for thousands of years disappeared in less than a hundred years.

Since then, the textile industry around the world has been redefined, and countries moving towards industrialization have begun to build yarn mills and weaving mills.

For a time, the textile industry became a brand new industry in the industrial process.

The same example is the transportation industry. On the ocean, the transportation efficiency and speed of ships have been greatly improved, making the world smaller and more closely connected around the world.

In land transportation, trains replaced horse-drawn carriages and became the main means of transporting passengers and freight.

A new transportation industry was born.

Humanity has ushered in the first scientific and technological revolution.

The world has developed for half a century, and the same pattern has been born again.

Existing industry + electricity = equals new industry.

The foundation for the communications industry, centered on telegraph and telephone, was laid during that period, and today it is one of the largest industries in the world.

Lamps, electric motors, and various home appliances have profoundly changed human life and production methods.

This is what we know as the Second Industrial Revolution.

After World War II, information technology brought about a new industrial revolution.

This includes two aspects.

First, a number of industries related to the generation, transmission and processing of information have been created, such as television, media, satellites, etc.

On the other hand, many industries in crude oil have undergone essential changes after using computers, such as the financial industry and agriculture.

Banking is a very old industry.

But in the past few hundred years, it has not changed essentially. You have to go to the bank to deposit, withdraw money and borrow money. Therefore, the size of the bank depends on the number of its business outlets.

This is true from the Medici family, the pioneers of the European Renaissance banking industry, to the Rothschild family, the later representatives of Jewish bankers, to Rockefeller and Citibank, the later representatives of the American banking industry.

It took them several generations to travel around the world.

But even so, 99% of the people in the world it knows are still unable to use their financial services.

Transaction costs across banks are very high and cumbersome, so people have to carry cash or travelers checks when traveling.

But the advent of computers revolutionized the industry.

The development of computer networks and the use of automatic teller machines have made it easy to deploy bank branches all over the world.

Since the 1970s, industrialized countries have gradually realized inter-bank deposits and withdrawals in different regions, and even cross-bank withdrawals, thus giving rise to a series of world-class banking giants such as Morgan Stanley, Citigroup, and HSBC.