Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 795 The Richest Man's Declaration (Part 2)

What is the 'replication economy'?
That is, as long as an industry is profitable, countless capital and companies will flock in. Everyone competes on price, on public opinion, uses involution to exchange for growth, and uses overtime to exchange for valuation. They fight and compete, and the survivor is king.

This ultimately led to vicious competition within the industry, leaving behind only a mess.

Of course, this isn't just true for the internet industry; it's even more so for traditional industries like real estate, but I won't go into detail here.
Market competition is acceptable, but it cannot be disorderly, let alone characterized by low prices and inferior quality. Platforms like Taobao, which lower prices to make consumers think they are buying cheap goods, are actually exploiting the entire industry chain to the extreme.

If this continues, will the bad drive out the good, and will the quality of goods decline in a spiral, ultimately costing the platform dearly?

No! The burden will simply be passed on to consumers and suppliers.

When everyone is unable to make money, the domestic economy will fall into a slump.

"Some might say, 'Chen Mo, isn't it the same on the other side? Every time you enter a new market, you stir up a bloodbath, burning money, subsidies, and waging a media war, it's all very intense.'"

He paused slightly, his tone firm:

"But I want to say—we are on the other side, and we are different!"
Internally, we strictly enforce labor laws, eliminate meaningless overtime, cut unnecessary meetings, refuse to sacrifice employee health for KPIs, and significantly improve employee benefits.
Externally, our WeChat is convenient, user-friendly, and uncluttered; our games are of high quality and don't involve pay-to-win elements; our video website has transparent advertising and no hidden fees for memberships.
Even in our cash-burning wars, we're burning through capital, not user profits. Instead, we're offering discounts to merchants to protect product value and to consumers to ensure quality service.

Therefore, I emphasize here that "anti-involution" is very necessary and imperative.

Goods have prices, businesses have profits, and employees have wages; let prices and consumption rebound.

This is what a normal and healthy economic cycle should be like.

This is the essence of our spirit: we adhere to long-termism, we insist on technological innovation, and we are committed to being user-centric and serving our users.

That's why users hold us in such high regard.

How can this be proven?
I am the richest man in the world, and that is the best proof!

Your ever-increasing year-end bonuses are the best proof!

The fact that the other side is developing exponentially every year is the best proof!

Chen Mo's three pieces of evidence drew enthusiastic applause from the audience.

Someone yelled, "The richest man!"

This shout was not a big deal; afterwards, shouts of "Richest Man!" rose and fell, spreading like waves throughout the venue, causing the entire audience to cheer and creating a resonance.

Given public opinion, Chen Mo didn't mind playing along, placing his hand behind his ear as if listening intently. "What?"

"The richest man!" The voice boomed like thunder throughout the Bird's Nest.

The drumbeats were coming from who-knows-where.
"The richest man!" *Knock knock knock*
"The richest man!" *Knock knock knock*
The thunderous shouts and the resounding drumbeats echoed throughout the stadium, pushing the atmosphere to a fever pitch with the enthusiasm of nearly 100,000 people.

Chen Mo's tall and upright figure shone brightly under the spotlight. He spread his arms as if to embrace all the recognition and glory.

At this moment, all the effort and sweat transformed into an unparalleled sense of accomplishment. The peak experience in his life filled him with excitement, something more precious than money.

The next moment, Chen Mo bowed deeply to the audience and remained there for a long time.
Because he clearly knows in his heart that his status as the richest man is a gift from the thousands of employees below the stage and from countless users in China.
Chen Mo enjoys the glory of this moment, but also shoulders an even greater responsibility.
"Turn this off and take it away. Don't show it to me again!"

Frustrated, he ripped off his headphones. The shrill cheers made Old Wang of Wanda frown.

The title of the richest man, which should have belonged to him, has now been easily taken by this young man.

All signs indicate that the golden age of real estate is fading, while the wave of the internet is becoming increasingly powerful.

Sunac took the opportunity to acquire LeEco
Every real estate giant wants a piece of the internet pie, but Wanda's heavily invested e-commerce platform is struggling and showing little promise. As the second richest man in China today, Old Wang is considering for the first time whether or not to meet this young man surnamed Chen.
Seeing his assistant preparing to turn off the projector, Wang Jianlin suddenly raised his hand to stop him: "Never mind, let it continue."

When the video played again, Chen Mo's voice rang out from inside the room. Old Wan frowned as he listened. He admitted the young man was capable, but why was his speech so unpleasant?
As the saying goes, "The tallest tree in the forest is the first to be felled by the wind." The title of the richest person is indeed a hot potato, and some businessmen may try to keep a low profile once they become the richest person.

As I mentioned before, the other side has forged an extraordinary path. I am just an ordinary person, having come from humble beginnings, enduring thunder and rain, wind and frost, and I have also seen rainbows.
If you sit upright, you will naturally sit straight, so why should you be afraid of it!

Companies like Beyond should continue to thrive!

A boss like me should be the richest person in the world!

Chen Mo paused for a moment, then a confident smile appeared on his lips. "I think the title of 'richest man' is pretty good. What do you guys think?"

"That's great!"

"Domineering!"

"That's how it should be!"

The audience responded enthusiastically.

"I want to continue in this role. Do you all support me?"

"support!!!"

Seeing that the time was right, Chen Mo's passive aura began to take effect—adding value.

"The success of the other shore is inseparable from the efforts of every person on the other shore."

The success on the other side proves that commercial success and social progress are not contradictory, and that strict enforcement of labor laws can also create enormous value; this path is viable.

Xiaomi, JD.com, SF Express, DJI, Ele.me, ride-hailing services, and Pang Donglai are all examples of the sustainability of this positive model.

Even Baidu and Tencent have seen encouraging changes.

The true ceiling for entrepreneurs is never their wealth ranking, but rather the value they contribute to society and the changes they can make to the world.

Since he's the richest man in China, I think he should do things befitting his status.

For the first ten years, China's internet industry was in a constant state of "involution." For the next ten years, I want to take the lead in changing the "involution method": focusing on value rather than efficiency, and focusing on responsibility rather than scale.

Going forward, Beyond will help some companies that want to improve to make changes and achieve better development.

As for the rest, I'd like to conclude with a classic quote from Mr. Lei.

Our competitors are **!

The truth of this statement will continue to be proven in the future.

Right now, I know that many other lovely competitors are watching this live stream.
So"

The camera suddenly zooms in, and a close-up of a sharply defined profile fills the entire frame.

Chen Mo had a faint, cold smile on his lips, his eyes looking down at everyone with the powerful aura of a billionaire, as if he were scrutinizing ants.

A cool, clear voice echoed throughout the venue.
Are you all ready?

(End of this chapter)