Its revenue is higher than Tencent's annual revenue, not to mention its profit.
A comparison of the full-year revenues of LV and Tencent in 2021.
Even though all industries were in dire straits in 2022 and Tencent's stock price plummeted, LV's net profit, revenue, and operating profit margin all grew by double-digit percentages.
It's an industry that's purely extremely profitable.
However, the number of jobs that an ecosystem like LV can provide and the extent to which it can drive the development of upstream and downstream industries are limited.
Louis Vuitton is an isolated ecosystem, operating on its own. It's unlikely that a luxury brand of this caliber would engage in collaborations.
Even if collaborations are organized, the scale of such collaborations is very limited.
The luxury goods industry is profitable, but its contribution to the vitality of the overall economy is extremely limited.
The capital behind the scenes makes money, but it can neither provide enough jobs nor drive the development of the industrial chain.
Tencent is capable. Whether looking at the jobs it provides or the ecosystem it has built for upstream and downstream industries, the economic impact it has leveraged far exceeds that of Louis Vuitton.
More importantly, in the virtual age, many traditional industries are at risk of being disrupted.
For example, in the virtual reality world, where everyone lives in a virtual world, will the value of luxury brands still be recognized?
This is just one industry; many others will be severely affected. For the Europa League, they need to get involved in the virtual reality world.
Whether from a national strategic perspective or from other aspects.
The single-player world of Kechuang Bio is a fantasy world with a variety of professions, which draws on the historical background of a real planet.
In the world where the internet is available, Zheng Li uses a planet that has been transformed by the Mage Alliance as its background.
Everyone who enters the virtual world is born with a magical mind, enabling them to learn and use magic within the virtual world.
In terms of fun, it's very difficult to get started, and the difficulty is comparable to the real world.
However, the upper limit is even higher.
Fantasy worlds are purely for entertainment, and some of the martial arts techniques within them have relevance to the real world.
Apart from that, superpowers from other professions cannot be brought into the real world.
Although fantasy worlds are also based on real planets, the biological structures of the controlled life forms differ greatly from those of Earthlings.
Just because Homo sapiens on other planets possess superpowers doesn't mean that people on Earth can have them.
However, Zheng Li is able to grant humans the ability to cast spells through the Demon Brain.
"I can't wait to experience the virtual reality equipment at Kechuang Bio!"
"Just in terms of the breadth of the world, it's already enough to satisfy me."
The only regret is that the whole world is not set against a classical Chinese backdrop, which makes me a little disappointed.
I initially thought that after acquiring Chihu Interactive Entertainment, Kechuang Bio would likely be developing virtual worlds based on a Chinese background, given Chihu Interactive Entertainment's past games.
It's not that I think fantasy worlds are bad, it's just that quote from when Black Myth: Monkey King was popular:
In the game world, you can be the hero who saves Hyrule; you can be a demon who roams the magical world; you can be a Japanese samurai with superb swordsmanship; you can be the famous V of the future world. What more could you want?
But I still want to be the Monkey King for once!
Fantasy worlds are great, but I still want to play games with a Chinese setting.
I have absolutely no opinion that Sci-Tech Biotech is bad, and I can fully understand that as a global giant, Sci-Tech Biotech needs to consider the opinions of other countries.
That's the only slight disappointment I have.
Because of Kechuang Bio's strong performance over the years, the number of its followers on various social media platforms is staggering.
Imagine a Chinese company that possesses technology that is unique in the world, and all the multinational giants you've heard about since childhood have to adopt this Chinese company's technology.
It's not just in one field, but in many fields; the number of supporters and die-hard fans of such companies is astonishing.
This is far more exaggerated than pollen and rice noodles back then.
Therefore, any criticism of Kechuang Biotechnology on the Chinese internet must at least be based on reason and evidence.
"After watching the anime CG, I only have one thought: When will it be released? My wallet is ready, Kechuang Bio, hurry up and empty my wallet!"
“I have a friend whose uncle’s classmate works at Kechuang Biotechnology. Apparently, virtual reality devices can only be connected to the internet in the Suzhou area, while virtual reality devices in other places can only be used offline.”
The news that virtual reality devices can only connect to the internet in the Suzhou area has already been circulating.
After all, once the three major telecom network operators know about this kind of information, it's basically impossible to keep it a secret.
Not to mention that the bio-communication tree jointly operated by Kechuang Bio and China Mobile has already begun to be planted in the streets and alleys of Suzhou.
"I haven't watched Apple's fall product launches in the past few years, but this fall's launch event by Kechuang Bio gave me the same thrill I felt many years ago when the latest consumer electronics were released."
This feeling was something only the earliest iPhone 4 and later, the first-generation brain-computer interface VR from Kechuang Biotechnology could give me.
"I just want to ask, can Kechuang Bio please open up a demo unit for everyone to try out? I'm really getting anxious right now."
That won't work, because virtual connection devices are living entities and can only be bound to the brainwaves of an intelligent being.
It's impossible to try it out at all.
The trial option was not even included in the internal plans of Kechuang Biotechnology.
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