"Shuangchuang" began with capital empowerment, and then with management empowerment. So what do entrepreneurs need today? How to develop? What should an enterprise do when deciding the product and business route at the beginning?

Today we are going to talk about Alibaba's business judgments on what to do.

Acceleration, integration and rationality are the general trend of "double creation"

Acceleration, integration and rationality. This is our overall trend judgment in the field of "Double Creation". Innovation and entrepreneurship was put forward by Premier Li Keqiang in 2015, and the whole country has made great progress in the past three years. In the past year, from the perspective of 2017, the whole enterprise accelerated, whether listed companies. In the process of encouraging many unlisted enterprises to go public more quickly, the transformation of their business and their own is also accelerating.

The second is integration. We see a very big trend of "double-venture" in the whole country. How can we combine it with the local industries? We don't mean that our own start-ups innovate in the business model. For example, how to better integrate industry and machine intelligence, such integration is also a great space for development.

The third is reason. In the first half of 2018, the scale of investment increased. In the first half of the year, the amount of investment in venture capital countrywide was about 380 billion, a little more than in 2017, about 40 billion more. But it is more concentrated after Round A, so capital will gradually choose some relatively rational and logical investment areas. But the focus is not accurate. When any financial institution looks at an enterprise, there are thousands or even tens of thousands. In fact, this is not enough to grasp the data of a start-up enterprise. Therefore, Alibaba as a financial institution helps many enterprises to analyze what kind of enterprises are more suitable for investment. So now we are doing this with dozens of enterprises in the country, trying to get more venture capital from pioneers, so this is something we did earlier.

Supporting Innovation and Entrepreneurship with Internet Platform

Alibaba is the first national demonstration base of double-creation. Over the past period, we have basically done a model of large platform, multi-mode and eco-rich.  We now have 52 innovation centers across the country. Over the past few years, we have incubated more than 800 enterprises and invested resources, many of which are not just cash. Mainly focus on our seven major sectors of business, including logistics, finance and so on, these sectors gather more traffic, there are commercial, product-oriented ways. Many entrepreneurs come here hoping to get support in this area, where we also invested some funds, and now the growth of radiation is about 30 times, about 60 billion.

We have built a "Cloud Machine Town" which is the first double-creation center in China. It is a creative center with the theme of intelligent hardware. At present, the output value is 24 billion, among which nearly half are innovative entrepreneurs, and 9 billion are innovative entrepreneurs in 2017. I believe that innovative entrepreneurs will surpass traditional industries in 2018. More than 80 companies with over $100 million valuation and about 20 companies with over $100 million valuation have also grown a lot of unicorns. Enterprises that grow very fast and grow explosively.

We are a state-level demonstration base of double-creation. We have a very big goal for the country in 2015. We hope to have 100 companies in the country by the end of 2019, and we also hope to make continuous efforts. We also hope to cooperate with the Shenzhen Bay Forum to cover more entrepreneurs here.

We have recently launched the Five New Strategies

We have seven business sectors, and soon Alibaba's current strategy is five new ones, new retail, new finance, new manufacturing, new technology and new energy. New energy, we do not refer to electricity, wind energy, we are indicators.  We believe that data will be the basic material for production in the new social organization model. Productivity should be the ability of machine intelligence, based on which, we will focus on the five new strategies to invest in several tracks.  Over the past few years, we have been working on new retail, smart hardware tracks. In 2018, we will add machine intelligence, artificial intelligence and 5G. The reason why we are investing in this field (AI) in 2018 is that we don't think it is suitable to do it before 2018. Perhaps not as well understood by other institutions.  Because of the huge amount of data accumulated in Aliyun this year, we find that in the most basic needs of AI, we believe that the industry will bring explosive growth, especially in the computational requirements of computation and data. If the previous year was 100% higher, this year will bring a blowout growth.

5G, we think it is subversive network technology, and it will even pose a great threat to Alibaba, Tencent and so on.

Now we have online and offline two platforms, online is to open up the entrepreneurial chain, so that you can find the desired resources and cooperation objects, including incubation, venture capital, government, large enterprises, universities and so on. We now have an Aliyun website, which can find the resources you want.

In addition, offline is based on the creative center, which is just how to serve and entrepreneurs. Today entrepreneurs find Alibaba, the first feeling is that they need money, capital and flow support, but the most important thing is that we can give him data.

Using Big Data to Help Enterprises Decision-making Execution

Here I share a case. For example, nowadays there are no retailers and no shelves. These enterprises are facing the problem.