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William Ding Lei

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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

  记者:前昨两日股市暴跌,你怎么看?

  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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