The World Internet Conference has recently concluded, but the energy of innovation and entrepreneurship continues to resonate. On December 9, the 16th Annual Meeting of Chinese Business Leaders, organized by China Entrepreneurs Magazine, gathered over 200 industry leaders to discuss the future of business. Among the notable speakers were Zhang Yong, CEO of Alibaba Group; Dong Mingzhu, Chairman of Gree Electric Appliances; Liu Yonghao, Chairman of New Hope Group; and Li Huaiyu, CEO of Micro Whale Technology. They all shared their insights on the theme “I Believe in the Future and Activate Entrepreneurship.â€
At the opening ceremony, the event set a tone of optimism and ambition. Zhang Yong, the CEO of Alibaba, reflected on the journey of the Tmall Double 11 Shopping Festival, which has now entered its ninth year. Despite being abroad during the event, he emphasized how deeply the team was committed to making it a success. “Even when we had no clear path, we believed we had to make it happen,†he said. The idea was to create a unique holiday for China, similar to Black Friday in the West.
Zhang also acknowledged the challenges faced along the way. In 2011, the platform experienced a system crash that led to widespread overselling. “The road to the future is painful, but we have to keep going,†he added. His message was one of perseverance and belief in the power of innovation.
Meanwhile, Dong Mingzhu, Chairman of Gree Electric Appliances, took the stage with a bold statement about her company’s mobile phone division. “Many people wanted to take a photo with me, but I noticed most of them were using non-Gree phones. That made me a little upset,†she joked. She encouraged attendees to try out Gree products, emphasizing the importance of core technology and the entrepreneurial spirit behind “Made in China.â€
Dong highlighted that true entrepreneurship means doing what others are not willing to do. “It's about creating value for others, not just making money,†she said. Her vision includes expanding Gree’s global presence and diversifying beyond air conditioners.
Li Huaiyu, CEO of Micro Whale Technology, spoke about the challenges of building a heavy-asset business in an era dominated by lightweight internet startups. He compared his experience to that of Tesla, which faced skepticism from investors like Goldman Sachs and Morgan Stanley. “Doing heavy work is tough, but that’s where real entrepreneurship lies,†he said. He believes that by focusing on quality and user experience, young consumers will eventually recognize and support such efforts.
Throughout the event, the common thread among the speakers was the importance of resilience, innovation, and a deep belief in the future. As the business landscape continues to evolve, these leaders remind us that the path to success is not easy—but it’s worth every challenge.
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