Zhang Yiming’s Last Speech: Part II

A lot of knowledge is unstructured and excessive use of abstract concepts is actually not helpful for understanding.  Avoiding excessive abstraction is also a kind of ordinary mind.

I really like watching videos on Douyin of sailing in the ocean. I'm not saying that people's work or life is always really difficult, like crashing ocean waves. I just want to use it as an analogy for a state of mind: no matter what challenges and difficulties there are in work or personal life, these are external. What each of us can do is w

Of course, we should also keep in mind "do not compete for the sake of competition". Sometimes, after a prolonged period of competition, the only goal becomes simply beating the competitor. For example, in the Microsoft-Google competition, Microsoft for a long time saw defeating Google as its goal, and invested heavily in search. It wasn't until a

I'm posting here three products that are doing very well. One is Google Earth - I often use it to learn geography. This product is great but not profitable. Scratch -- programming for children. I don’t know whether it makes money or not, but it’s also really great. Roblox, a kind of UGC sandbox game, which is very different from games that we usual

I think the first point of treating competitors with an ordinary mind is to see competition as the norm. Don't try to escape the competition, it's a good thing. I don't even think that competition should be ended by doing M&A.  We see a lot of companies that eliminate their rivals through M&A becoming complacent and end up sl

All-in is sometimes a type of mental laziness. If you have thought very clearly about the strategy, then there is no problem. But my feeling is that in many cases, it's just "I don't want to think about it anymore, let's just do it, let's just go all-in, let's just gamble."