Probably Most Of O2O Will Die? Will VR Fire?

Recently, Yan Yan, chief partner of SAF Asia Fund, said in an interview recently.

Most of them will probably die, because in the past, Internet is a wave, and pigs must be able to fly.

Yan Yan also said that after a round of tossing, it will be better to survive.

After O2O, a number of funds have flooded into new areas -- VR and AR.

Yan Yan believes that there is a false fire in the industry.

"Actually 20 years ago, there was AR, but now the computer processing speed is greatly improved, and the image is clearer."

Yan Yan said that VR and AR will have an impact on people, but they will not be so great and will not be as influential as the Internet.

The following is an interview with Yan Yan, chief partner of Sai Fu Asia Fund.

Reporter: 2015 China

There are a lot of mergers and acquisitions. How can we merge the merger, the merger of us group and the Ctrip? Do you think that this integration will happen in 2016?

Yan Yan: many mergers and acquisitions in the industry are also normal. Especially now that the Internet industry does not make money, they burn money. If everyone is together, the amount of money burning will be reduced. This is normal. Even if it is not for burning money, there will be a scale effect.

Reporter: we see that the integration of the industry, especially the O2O, is very obvious. In the past, it has been burning money for a long time. What kind of changes do you expect the O2O industry to take this year?

Yan Yan: probably most of them will die, because in the past, doing Internet is a wave, and we must make pigs that can fly.

But the Internet itself is to reduce paction steps and bring convenience to the common people.

After a round of ups and down, I believe that it will be better to survive.

Because the industry can not all live well, there will always be winners, there will be a lot of competition.

Reporter: there is a new craze after O2O, which is the field of AR and VR. What do you think of the current situation of AR and VR in China? Besides, what do you think of Google?

AlphaGo beat world Weiqi champion Li Shishi?

Yan Yan: AlphaGo defeats go champion is not VR and AR, that is artificial intelligence, it is AI.

I think VR and AR are a trend, but it won't be so hot. In fact, there was AR 20 years ago. When we trained as an analyst, it was a simulated AR.

This is very early, but now the computer processing speed is greatly improved, the image is clearer, it will bring us influence, but it will not affect so much, it will not be as big as the Internet.

Reporter: now there is a clear trend, like 360, a large number of Chinese stock companies are returning, and we also see that the strategic emerging board has been suspended. This will have a great impact on the return of overseas listed companies. How do you view this trend?

Yan Yan: indeed, there is such a problem in China. For a while, in a short time, this story in China, especially the whole regulatory policy, will turn left and right to the right, so that the credibility of the capital market will become very low.

Everyone is short term behavior. In the long run, the launch of emerging market has great benefits to China. Now, postponing it is a suspension for China's entrepreneurial innovation.

It is hoped that regulators will launch the emerging board as soon as possible. The Chinese government is now trying to maintain the stability of the stock market and fear that the people will lose money. As a result, the time will not come out, so now the stock investors are going to form a habit to criticize the government as long as they lose money.

But shareholders should first consider yourself, everyone making decisions, your choice is yours. If you keep thinking about losing money, when you make money, why don't you want to divide the government a little bit? You scolded the government if you lost money?

If the government keeps up with such a mentality, it will have problems with the government and the market.

Reporter: after the suspension of strategic emerging board, the new three board is a relatively good positive, many funds have invested in the new three boards.

Another aspect is the registration system will have a positive impact.

Yan Yan: China is always saying that the only one is

It is stratified system, the key is the hierarchical system, it will be able to do pactions, or to pfer to other stock market up, at present is not very clear.

But in any case, even if China has a registration system, it will not be like Hongkong or the United States, because China's accounting supervision system can not be completely liberalized at once, and there are too many Chinese people who can not cope with the regulation.

In general, the capital market must go in the right direction.

Can't see the people lose money, the government is afraid, this is to change, investment is to lose money to make money, can not say a loss of money to find the government to give you money back, this mentality is wrong.

Reporter: we see that after the stock market decline, housing prices are rising sharply, especially in Shenzhen, which has caused a huge surge. Do you think the soaring housing prices in Shenzhen will inhibit the innovation and entrepreneurship environment in Shenzhen?

Yan Yan: Yes, it should be. The skyrocketing housing prices will have an impact on everything, because your labor costs will rise substantially and your rent will rise substantially, so it will be very difficult for enterprises to survive, especially the early ones, which have not yet made profits or are very weak in profitability.

This is also a policy issue, because China's land is owned by the government, the government restricts land supply, Shenzhen's land itself is limited, and Beijing's air pollution is serious, so many people may buy their houses in the south, causing Shenzhen's housing prices to skyrocket.

But for the purchase restriction, this is actually the best way, and it may have to go on.

The government may be in the housing policy, including the supply of land, such as Shenzhen, such a good place, such a good external conditions should be less in China. If China has 100 Shenzhen, Shenzhen's housing prices will not be so high.