Technology Gives Huge Imagination To Capital Market?

According to the world clothing shoes and hats net, this Monday came out.

Dug us electric giant

Ren Xiaofeng, a Chinese scientist with the highest ranking, was the chief scientist of Amazon Go, an uninhabited retail store in in -2017.

Now, Ren Xiaofeng will be the chief scientist and vice president of Alibaba iDST, and set up a world-class computer vision team in Seattle.

The competition for top technical talents is a microcosm of the technological layout of the giants.

From the NASA plan unveiled by Ali this year, to Amazon's continuous patent disclosure and new product launches, Jingdong announced this year's "technology" theme for the next 12 years.

"Technology" has entered from a very hot keyword to the long-term action of landing.

Which is the best talent reserves?

Jobs, founder of apple, once said that he used his half life experience to realize that a good person can not only top 2 mediocre talents, but 50.

The competition for top talent should be a weathervane of a trade or a company's competitive barrier and whether there is a long-term explosive force.

Since its foundation,

The giant Amazon is a top notch talent. Its first CIO came from WAL-MART, which is famous for its IT technology. It has made great contributions to Amazon's early technological layout.

For more than 20 years, it has been an important task that Bezos has never stopped to continue to compete for top technical talents in Silicon Valley technology companies.

Ren Xiaofeng is not the first time that Ali has excavated technology talents from the United States. Before the IEEE academician Hua Sheng Sheng and former Microsoft R & D partner Zhou Jing people successively joined Alibaba.

As one of the founders of iDST, the current president, Kim Jung, is a lifelong professor at Michigan State University, and is acknowledged to be the top bull in the circle.

As another founder of iDST, lacquer has also been awarded the NSF Career Award of the National Science Foundation, Massachusetts Institute of Technology, and is a postdoctoral fellow at the Massachusetts Institute of Technology. She was selected as professor of computer science and Statistics Department of Purdue University at the age of 39.

A friend who worked in Ali said that he had participated in a data brain project of Alibaba. He spoke highly of Jin Rong, President of Ali iDST. He believed that his intelligence quotient was super high, and he had deep knowledge and understanding of interdisciplinary knowledge such as electricity, advertising and economics.

IDST is the AI Research Institute established by Alibaba group at the end of 2014.

So far, iDST has recruited a large number of top scientists in the world. These scientists set up special scientific teams in Seattle, Silicon Valley, Beijing, Hangzhou and other places to promote the forward-looking research and application of Alibaba group.

At the beginning of March this year, Ma also announced the launching of an internal code named "NASA" action plan at Alibaba Technology Conference: to set up an independent R & D department for the next 20 years, establish a new mechanism system, and reserve core technology.

Ren Xiaofeng's accession shows that Alibaba is rapidly promoting the NASA plan.

In addition to the layout of the technology team aiming at the future, it is said that at present, there are more than 20 thousand engineers and over 500 doctors in the Alibaba, and 9 of the 36 partners have engineers background.

Big promotion, payment finance, cloud computing, logistics...

Provide technical services and support for these business scenarios.

For Jingdong, Liu Qiangdong, chairman of the board of directors of Jingdong, pointed out that technology is the most important keyword for Jingdong in the next 12 years.

Therefore, from the second half of last year, Jingdong has been distributing logistics and artificial intelligence, and set up relevant R & D teams.

However, the recruitment of top technical talents by Jingdong has not been disclosed at present.

Which is strong in technology input?

So, Alibaba, to Amazon and Jingdong, the three domestic and foreign electricity giants, how much investment in R & D and technology, we through nearly 5 years annual report to simple analysis.

Ali: R & D costs continue to grow

From the 2013 earnings report, in addition to wages and other labor costs, Alibaba's R & D expenses also include infrastructure construction, maintenance and enhancement.

And various applications, operating systems, software, mobile terminal products and service platforms.

Since its listing in 2014, the R & D expenses of Alibaba have been growing steadily.

DonG Dong Ge collate according to the annual financial reports

Driven by R & D costs, Alibaba's cloud computing and innovative business revenue has maintained strong growth.

Especially in the cloud computing business, by the end of March 2017, it has maintained an increase of more than 100% for 8 consecutive quarters.

Amazon: Black technology to enhance valuation

Whether absolute or percentage, Amazon has invested more in R & D than Alibaba, Jingdong and other peers.

The R & D cost is mainly composed of staff's participation in the development, maintenance and operation of wages and related expenses.

In addition, the infrastructure cost involved in AWS is also categorized into technology costs.

Amazon has many products, such as Kindle, Fire TV, Echo and other electronic products, aiming at AWS of B client and subversive offline bookstore.

They not only brought a lot of revenue to Amazon, but also improved the valuation of Amazon. The Wall Street's infinite reverie for Amazon valuation is definitely a high-tech company, not an electricity supplier company.

{page_break}

Jingdong: logistics is the main form.

From the disclosure of financial reports since 2012, the R & D expenses of Jingdong are mainly in developing and maintaining the depreciation, bandwidth, data center cost and wages of related personnel of platforms, websites, servers and other devices.

Because of the smaller base, the growth rate of R & D expenses of Jingdong is faster than that of Ali and Amazon.

According to the financial report, Jingdong's R & D investment is mainly aimed at enhancing customer experience and better serving suppliers and sellers of third parties.

Combined with the extensive layout of Jingdong in the field of logistics, we can imagine that this is mainly about logistics and the specific retail operation technology.

In May 13, 2016, Jingdong announced the establishment of X division, focusing on the forward-looking research and application of intelligent logistics.

X has launched the development and landing of UAVs, unmanned warehouses and unmanned vehicles, enabling Jingdong to take the lead in intelligent logistics.

Then, in November last year, Jingdong set up the Y division, plans to fully develop the supply chain intelligence collaboration platform, open up the AI technology capability of the Jingdong self supply chain, work out joint business plans with suppliers, collaborate in forecasting and replenishment, reduce the overall cost of the retail business, and improve the efficiency of the business flow.

X division and Y division are Jingdong's new R & D departments.

It means that the technological layout of Jingdong has changed from the "armory model" followed by business to the forward-looking mode of leading the business development since 2016.

Technology gives huge imagination to capital market?

By comparing Alibaba, Amazon and Jingdong in recent years, we can see that investment in research has already generated revenues, such as cloud computing or hardware devices, though some of them are still losing money.

Jingdong's R & D investment in intelligent logistics and AI has not generated direct revenue or income is still under observation.

Of course, a more efficient logistics service is the core competitiveness of Jingdong. With the development of logistics, the future may not exclude the possibility of generating a large amount of revenue, but at present, logistics investment is more burden on Jingdong.

We feel that from the perspective of enhancing company valuation, Jingdong's investment in intelligent logistics is not necessarily the best factor.

Because this part of the imagination space is limited.

Even now, the three black technologies that are being developed, such as UAVs, unmanned warehouses and delivery robots, can be put into operation on a large scale. The effect is only to replace the existing tens of thousands of distribution workers, improve the efficiency of warehouse allocation, and the cost of saving can be estimated.

In contrast, Amazon, smart speakers, supermarkets and other products are revolutionary, bringing people unlimited imagination.

And Ali layout AI technology, is to focus on the next 20 years, Alibaba's' NASA 'for machine learning, chip, IoT, operation system, biometrics these core technologies, the formation of a new team, the establishment of new mechanisms and methods, aiming at 10 years, 20 years later.

Focus on business or focus on the future.

This is the essential difference between an electric company and a high-tech company.

It will also create different expectations for you in the capital market.

Amazon has been on the market for more than 20 years, with a total profit of only $5 billion 600 million, mostly in the last two years.

But its market value is as high as about 400000000000 US dollars, far exceeding that of WAL-MART, the world's largest retail companies.

The expectation of the capital market for Amazon is an important consideration for the long-term explosive force of its layout technology.

Comparatively speaking, at present, public information shows that Jingdong's technology network has more layout of logistics and retail technology, and Jingdong, who has vowed to reinvent technology in the next 12 years, seems to lack the leader and team of technological geek temperament.

Or we can guess the secret weapon of Jingdong.

In his famous "innovator's dilemma", Clayton, Christensen, a management guru, mentioned that some seemingly perfect commercial actions -- precise investment and technological development of products that are needed and profitable by mainstream customers -- may eventually destroy an excellent company.

If the enterprise pays too much attention to the current needs of customers, it will lead to the decline of innovation capability and thus the development of new markets.

However, it can also be said that many enterprises succeed in doing something right at a certain time.

Every ten years, there will be a new wave of technology to replace the old pattern.

But without a clear trend, no matter how much resources are invested, how high the market value and how smart people are.

More interesting reports, please pay attention to the world clothing shoes and hats net.