Sina CEO Charles Chao: good results at the expense of micro-Bo products

Sina CEO Charles Chao: good results at the expense of micro-Bo products

With the outstanding performance of micro-Bo, Sina shares soaring last week, Sina's stock has exceeded $ 103, setting a new high since the IPO, within the past six months, double the growth achieved Sina shares.

As leaders in Sina, Chao summit yesterday in IT space to this reporter's interview, said the scale of Internet services to build barriers to competition by the user, can bring about large-scale income.

Putting aside the money to do micro-Bo products

Sina reported a just released recently, microblogging users have billions of dollars households. Sina said that this year will continue to focus on enhancing the user experience and product microblogging function, does not take commercial focus of the work as a micro-blog, for Sina will be a lot of money for micro-Bo product, even at the expense of performance and price . In this regard, Chao believes that the Internet service to do short-term quick profit if not difficult, the key is to do long-term, large-scale profits. Internet companies to profit, first of all be able to attract users to use the product, in this based on a strong user base, create a platform or call the ecosystem around the platform, we can really build barriers to competition and large-scale commercial model, bringing large-scale income. "At this stage we do not focus on size, but we will study the large-scale revenue model." Chao said. Sina has just completed a 29% stake Mecoxlane acquisition appears in Charles Chao,

Sina's point of view this acquisition is an investment in the current act, he said: "The investment is mainly Mecoxlane optimistic about e-commerce overall development and the opportunity to see the two sides can take advantage of each platform for better integration, resulting in a number of synergy opportunities, the future will do with other e-commerce company. "

Consider investing in mobile Internet company in Shenzhen

Turning to IT industry development in Shenzhen proposal Chao said Shenzhen's "Twelfth Five-Year Plan" is in great lengths about the content of the information industry, which is very far-sighted. Development of the Internet, there are unique advantages of Shenzhen, Shenzhen, gathered a large number of Internet professionals, but also introduced a number of policies to encourage development of the Internet, while the Shenzhen there are Huawei, ZTE, Tencent such a large company. He believes that the Internet industry in Shenzhen to develop, to think carefully about how to create a soft environment for the development of Internet companies. He said that the Shenzhen to attract talent, we should pay attention to create an environment for talent development, in addition, laws and regulations should establish a sound, "if I can not protect innovation, there is no company willing to invest and do long-term arrangement. The market simply is not short of money, lack of competition is a fair legal system and protection of innovation, if they can do this, the development of the Internet industry in Shenzhen will be very beneficial. " Finally, Chao said Sina will enhance the investment in Shenzhen, Shenzhen has the potential to be concerned about the company, "there is no specific projects in particular, but in the mobile Internet and pay special attention to communications."

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