Internet+ is presenting a "Great Leap Forward"

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As an Internet user, there is no novelty for fund managers to integrate the "interests" of the Internet and traditional industries, and it may be too much to look at all the way. As early as in 2010, I wrote a book of integration (Mechanical Industry Press). It was mentioned at the beginning that "the Internet is a catalyst for industrial integration." After a long period of observation, my new understanding of the “Internet+” includes three aspects: it is a catalyst for the upgrading of some traditional industries, a nightmare for practitioners in the traditional service industry, and a serious bubble for the Internet+.


Internet+ to help upgrade some traditional industries

In fact, not all industries will benefit from the “Internet Plus,” and only the traditional enterprises that have the technology, resources, and platforms that are difficult to subvert can use the strength of the Internet to be upgraded. For example, home appliances, medical care, and manufacturing industries.

The home appliance industry can rely on the Internet for networking and intelligent control; the medical industry can realize smart medical care; and the manufacturing industry can realize robot production and lean production. But what we should also see is whether the upgrading of smart appliances can bring about the increase in revenue of traditional home appliance companies? Xiaomi said that mobile phone hardware can be low-profit and rely on value-added services to make money. So, after home appliances networking, can rely on value-added services to make money? For the time being, we do not see the opportunity for profit, but only increase the cost.

These relatively "heavy" industries are the pillar industries of the economy. Whether the Internet can effectively increase the productivity, profitability, and employment of these pillar industries will become a decisive factor in the success of economic transformation. From the current point of view, the impact of the Internet on pillar-based traditional industries is minimal.

Because the upgrading of the pillar industry cannot rely on the Internet, it depends on breakthroughs in core technologies. However, we have found that the current developments in communications technology, chip technology, software technology, energy, and artificial intelligence are all slowly advancing, and even have spent years of “old books”. For example, the 4G and 5G core patents are still in the 1990s. technology.

Internet+ is a nightmare for traditional service providers

The industry that is most easily overwhelmed by the Internet + is the service industry because the industry is an "intermediary" industry, and the nature of the Internet is to mediate. As a result, we saw that Wanda Department Store had begun to close down on a large scale. Major department stores were depressed, and a large number of shops along the road began to close. The arrival of e-commerce directly eliminated these “intermediaries”.

At the same time, various types of O2O services, such as on-site car washing, on-site massage, and palm housekeeping, are completely replacing the family management companies under the line, and they directly connect users and service personnel through the Internet platform instead of home-based companies. As a result, a large number of domestic-government companies have closed down. Land boss, simply can not achieve the transformation. In addition, O2O entrepreneurship is the industry where VCs are most keen to invest. Under the power of capital, it has accelerated the speed of subverting traditional service industries.

Tencent, Baidu, the market for used cars to invest in used cars, 58 cities to enter the home industry, millet into home improvement, which means that a large number of line services will not be spared, and this time is no longer an upgrade, but instead. Similarly, in the taxi industry, taxi software is to become another rental company, and is a nationwide one. At present, it is only the policy to resist their invasion. However, they have already "played a behind-the-scenes". The Internet taxi with the same price as the taxi has already Mass posts.

The service industry is a major part of the employment of low-income groups, and it is also the most non-core competitiveness. Therefore, it is most vulnerable to subversion, which means that a large number of low-income groups will face unemployment. The new service industry will provide more job opportunities for young rural laborers and college students, and the overall service industry level will thus be greatly enhanced, which can be described as a blessing.

Internet+, there is also a serious bubble

The first Internet bubble took place in 2000. In 1997, the Federal Reserve Greenspan shattered the vigilance bubble. Internet + there is no bubble? Whether there is a bubble or not, we cannot obtain it from the speeches of some fund managers. The stock market and capital are bloodthirsty in nature. Stocks do not want to be speculated as shareholders. Moreover, this madness means pushing up the risk means blowing a big bubble.

If we say that the Internet bubble in 2000 was due to the fact that the Internet did not affect traditional economic growth, many Internet start-up companies would not be able to generate cash flow after attracting large amounts of investment, leading to an outbreak of investment risks. So, the current Internet+ has also attracted hundreds of millions of investments. The era of national entrepreneurship is like a "great leap forward." Everyone can use mud to build a stove and throw iron pots and chops to practice "steel."

The only difference between the current Internet+ and the Internet in 2000 is that many Internet start-ups are combined with traditional industries, which means that many startup companies may have cash flow, which does not make any false valuations have no basis. However, the act of speculation and money laundering with the Internet + as its enthusiasm has been happening. For example, the acquisition of the Hunan-European Union sentiment, Tianrun Holdings’ acquisition of Shanghai Xuyou, Dadongfang’s acquisition of Youtang Network, and Guan Peng’s footwear acquisition of Letao.

Of course, some Internet companies are clamoring to enter the automobile manufacturing industry. These have drastically pushed up the company's share price. Behind this madly long stock price is a huge bubble. Because the practices of these speculation themes cannot be fulfilled in the end. In the investment industry, due to the introduction of the equity crowdfunding rules, the large-scale opening of the new three boards has made it easier for many startup companies to list and trade. However, many of these small companies invested by venture capital are difficult to survive, and the industry has a series of C dead claims. , but the new three boards will undoubtedly let the venture capital find the picker.

The Internet bubble in 2000 took place on the premise that the Internet concept stocks were soaring, the index was soaring, and the market interest rate was greatly reduced. Today, we seem to have seen the year 2000 again. This is worthy of caution for all investors!