William Ding Lei
By stlplace on Jan 22, 2008 in Stocks, China
William Ding Lei is the founder, and Chairman of NetEase. He talked a little on the bubble in the stock markets during an interview lately (link here).
I shared Ding Lei’s insights because he has been through the full cycle of the stock market: right after NetEase (NTES) came to Nasdaq in 2000, the dot com crashed and his company’s stock traded under $1.00 for a few years, during that time he worked hard on the online gaming projects. Eventually the stock bounced back, went up as high as $100 (before split) because he made his company profitable.
股市本来虚高 暴跌回归本位
丁磊：这是回归本位，股市本来就虚高。
记者：如果当时有足够的钱，你是不是就不上市了？
丁磊：是。上市最主要为了融资，有足够多的钱，企业盈利能力很强的话，干嘛还要融资？一个企业不是有钱就能发展的。
记者：但中国的企业似乎都追求把规模做大？
记者：中国很多企业在发展中，把摊子铺得很大，但是不够专注。这跟中国人的浮躁和评估标准有一定关系，当媒体在谈论谁谁谁很大，大家都认为那个才是好的，忘记了做专注很重要。
你看，王老吉这个品牌，50年了，但它只做凉茶，没有王老吉啤酒、王老吉红酒、王老吉药酒、王老吉冻疮膏，但是你看茅台，它有啤酒还有红酒，中国企业什么一个心态？这就不对了，这么珍贵的一个品牌，却去做一些自己不擅长的事情。
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