We reached agreements on many projects with the Ministry of Finance.
I'm overwhelmed with work, and with GuoF Communications on board, it's hard not to make money.
Xing Baohua talked a lot about the future development of the internet, but most of it was just an overview. If he were to go into more detail, it would take three to five days to finish.
The future network will not only be about technological advancements, but also about interconnection. Initially, it will be about message transmission, then audio-visual entertainment, and finally, the Internet of Things.
In the future, those who run websites will make more money than those who play with hardware.
Regardless of software or hardware, once the internet reaches its initial stage, it starts burning money—not just hundreds of millions or billions, but trillions or hundreds of billions.
Companies don't have that much money. The first source is venture capital. The ABCDEFG rounds of financing burn through investors' money. Many of the better ones probably went public during the ABC stage, burning through shareholders' money.
In short, it will burn through its resources until it goes bankrupt or is acquired by another company.
Can you make money online?
That's a valid point. Why would so many people invest if it weren't profitable? The problem is that monetization is difficult in the early stages and requires a certain amount of time.
Once the initial click-through rate is reached, a formula will be used to calculate a reference value for monetization.
Advertising is one of the biggest sources of revenue, with registered users and clicks, and retention rate being the only standard for measuring advertising costs.
It's like television ratings.
The rest is up to each website to figure things out on their own. Those that can't find the right path, run out of money, and can't find new investors will simply fail.
Back then, that rich man named Ma said that in the early 1990s, when he attended online conferences, among all the experts and scholars, he was the only one who didn't have a professional background.
The meeting discussed the matter, especially the experts who seemed to have decades of experience. At the time, Ma Jufu quipped, "The internet has only been around for a few years! And there are already experts?"
We held meetings for several days, discussing all the concerns about the future of the internet. In the end, none of the things we worried about happened, while the things we shouldn't have discussed all did.
This shows that there were many charlatans in the early stages, which caused us to take many detours. They were labeled as experts, and we had to listen to them.
Even if it's wrong, what he's saying is still right.
Perhaps when you encounter failure, you can sum it up by saying that failure is the mother of success. We are learning as we go, and we are not afraid of failure. What we should be afraid of is not learning from our failures.
To avoid taking unnecessary detours, Xing Baohua patiently offered many suggestions to these advocates for building the internet.
Many problems arise online. In the information age, there are many people who talk nonsense, and public opinion must be properly regulated.
Those who have access to the internet are generally highly educated and knowledgeable individuals.
Sometimes expressing certain opinions can influence them.
Therefore, the government and public security departments should either separate or combine to form a new regulatory body to prevent certain things from happening.
Another thing is to establish your own internet order, block everything you can think of, and shut down every single case you discover.
What's with all this pornography and gambling? This website, that website... We need to try our best to eliminate unhealthy content.
Xing Baohua emphasized that supervision should be made stricter from the beginning. The loopholes cannot be relaxed, nor can a "one-sided" approach be adopted. Each city should set a checkpoint for screening.
As for accessing foreign servers, block it if possible. This will directly prevent those who want to host their domains on external internet services.
Normal access to the external network requires application and verification.
This resulted in a large amount of preliminary work and a significant financial investment.
Xing Baohua patted his chest and told Minister Yu that he should grit his teeth and get through this, and that he would earn back this money in less than ten years.
Even Xing Baohua told these people that the food delivery website and logistics he set up in Hong Kong were designed to make things convenient for people and help them become lazy. If they don't want to go out to eat, they can just make a phone call.
This is just one example; there are many alternative methods, depending on how convenient the payment method is...
At this point, Xing Baohua suddenly realized that there didn't seem to be any digital payment licenses being issued in China yet. He figured they wouldn't understand the application form anyway, so he'd ask them how to do it later.
Convenient payment methods can greatly improve people's lives, expand market consumption, and create more jobs.
Of course, Xing Baohua didn't mention the impact on the real economy. There is an impact, but it's not a big problem. If he had mentioned it at this time, it would have put these people in a dilemma.
The real economy is the mainstream right now, and the internet hasn't even been built yet, so why are you talking about it in such flowery and unrealistic terms?
Online shopping can boost the economy in various regions. However, if some intellectuals are laid off, it would be embarrassing to make them set up street stalls.
Many people are too embarrassed to do it, so why not let them run their own businesses, especially online businesses?
Xing Baohua said, "Minister Yu, this is what I'm thinking. Look, our higher-ups have introduced a policy to support laid-off workers, providing them with free computer training and teaching them how to open online stores."
Yu Bu tilted his head to look at Xing Baohua, nodded, then shook his head, and asked, "You should know better than me how many computer users there are. Besides, do those laid-off workers have the money to buy computers?"
"I thought about this a few years ago. Relying on natural development will always be much slower. It will take ten or twenty years. But if we give it a push, it's not forcing growth, it's stimulating the market and stimulating its vitality. I'm trying to find ways to reduce the cost of computers and mobile phones so that ordinary families can use them."
What about you? We could implement a subsidy policy where laid-off workers can apply for partial subsidies, and internet installation fees could be waived. Those still short of funds could apply for installment loans from local banks; Huahong Bank's Luzhong branch could provide guarantees.
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