The 3rd Venture Capital Summit of Fudan University School of Management has been held under the theme "No Future without Technological Innovation". In his opening speech, Professor Lu Xiongwen, Dean of School of Management, emphasized the importance of technological innovation and its long-term impact for an enterprise. Then four tycoons from the fields of investment and business delivered their keynote speeches.
1. Conduct value-oriented, genuine technological innovation
“We should not aim for money, but for technological innovation. Technological innovation is a revolution, so it’s only natural that it takes long time.”
—— Cai Hongping, Chairman of AGIC Capital
Mr. Cai Hongping, Chairman of AGIC Capital, shared his insights on investment and technological innovation in the post-epidemic era. He pointed out that in recent months, violations of economic laws are happening globally. For example, some countries are attempting to pump prime the economy, causing a growing bubble in the capital market. In this chaos, investors must hold on to the core of economic and industrial development, leveraging the power of capital to actually promote technological innovation so as to build a better future for mankind, instead of just chasing capital.
2. Environmental protection is a promising industry
“The first thing for making a successful investment is to choose a growing industry and to invest in its initial stage of growth. Environmental protection is not only beneficial for the society, but also a very promising growing industry.”
—— Guo Jingbin, Chairman of China Conch Venture Holdings Co., Ltd.
Mr. Guo Jingbin, Chairman of China Conch Venture Holdings Co., Ltd., talked about keys of investment based on the success of Conch Cement. He emphasized his faith in the huge possibilities brought about by scientific innovation and technological application to the development of the environmental protection industry.
3. Enterprise innovation leads the society towards the good
“Money is not hard to find in the huge capital market. Therefore entrepreneurs don't need to worry about the lack of money. Their only concern should be how to innovate, how to build up the core capabilities of the company and stand at the forefront of the time.
—— Wang Jiafen, Former Chairman of Bright Dairy & Food Co., Ltd
Ms. Wang Jiafen, the former chairwoman of Bright Dairy & Food Co., Ltd., analyzed the essentials of quality investment from the perspective of corporate innovations and capital joint forces. Endowed with a profound understanding of the relationship between enterprises and capital, also with the diversity of her professional experiences as an entrepreneur and an investor, she believes that both companies and capitals should believe in long-termism and values, so as to guide the society upwards through continuous innovation.
4. Venture capital and technological innovation go hand in hand
“Meituan-Dianping started from receiving venture capital investments and now it’s a listed internet company. I myself have invested in some promising start-ups. I hope they can become the next Dianping or Meituan, and hope that venture capitals and technology companies can move forward hand in hand.”
—— Long Wei, Co-founder of Dianping and Founding Partner of Dianliang Capitals
Mr. Long Wei, Co-founder of Dianping and Founding Partner of Dianliang Capitals, made a brief retrospective of the development of Meituan-Dianping in the capital market and introduced its investment philosophy concerning technology start-ups.
