As early as 1975, Kodak built a huge digital camera that looked like a machine tool in the laboratory. This huge camera could only take 100*100 pixel black and white photos. By 1981, Sony produced the first true digital camera, the Mavica. Like an ordinary SLR camera, the lens could be replaced and the sensor could take 280,000-pixel photos. But until 1998, a digital camera was still a bulky toy that offered no advantages over film cameras. But the situation changed this year. Kodak and Canon teamed up to create Canon's first digital SLR camera, the D2000. Nikon launched the D1, which increased the pixels of digital cameras to more than 2 million. Excellent products have made the market gradually accept this New camera. Starting this year, the sales of digital cameras have begun to increase rapidly. If by 2000, even though the sales of digital cameras have almost doubled compared with this year, the sales of traditional cameras have not declined much, then by 2001, this market will It began to shrink, and in just four or five years, film cameras almost disappeared without a trace. By around 2005, film cameras had basically withdrawn from the stage of history, and digital cameras dominated the world with unlimited glory. At that time, digital cameras probably would not have thought that their good days would only last for five or six years. Five years later, in 2010, digital camera sales reached a record high, and then began a cliff-like decline. Only two or three years later, by 2013, sales were less than half of 2010. A few years later, portable digital cameras were almost completely eliminated by smartphones, and only those digital cameras with interchangeable lenses were active in those markets. Hands on photos of relatively high quality. The changes in the mobile phone industry also reflect this change. The initial pager, then the large analog signal mobile phone, and now the digital feature phone. In a few years, the Apple IPhone came out, and smart phones quickly replaced the functions. Basically, within ten years or so, a fundamental change will occur if the machine becomes mainstream. In the development process of smartphones, there are some very important technological upgrades almost every year. "Looking at the development of electronic products, it is basically the process of electronicizing everything around us" Bao Feiyang said: "In the beginning, computers could only process calculations, that is, electronicizing numbers. Later, text information could be processed Electronic storage, this is the electronicization of text, then CCD appeared, optical information can be stored digitally, then sound digitization, MP3 appeared, image digitization, digital camera appeared, image digitization, DVD replaced the video recorder; communication digitization, digital Computers have replaced analog machines. In the past, digitization meant that it could be stored and processed through electronic media. Now with the Internet, it means that all this can be transmitted through the Internet" "Then the future trend, I think there will be more Digitization and the resulting networking" Bao Feiyang said: "We can look at the things around us that have not been digitized. I think they will be digitized sooner or later, and this should be the trend of technological development, and This development will be very fast, and we must seize this trend." Tang Tian'er looked around and looked around: "What you said seems to make sense, but I can't see anything around us that can be used. Digital!" Bao Feiyang smiled and said, "Of course, before the advent of CCD, no one thought that light signals could be recorded by electronic media!" Bao Feiyang pointed to Tang Mi'er's clothes and said, "Actually, There is an electronic trend now." Tang Mi'er looked down at her clothes: "You, you don't want to talk about my clothes, right?" Bao Feiyang smiled and shook his head: "Clothes. Of course, this kind of entity cannot be digitized, but the purchase behavior related to clothes can be digitized. "Are you talking about eBay?" Tang Mier asked excitedly. eBay was first established in 1995 and was renamed eBay in 1997. It mainly operates online auctions. By the end of 1997, eBay's total merchandise transaction volume reached nearly 100 million U.S. dollars, with more than 300,000 registered users. It was listed on Nasdaq in 1998, with an issue price of US$18, but it rose 162% on the day of issuance, reaching US$47. Seven months ago, when eBay issued new shares, its new share price was already as high as US$170. , and in the middle of the two issuances, eBay also conducted a 1-for-3 stock split. This means that seven months later, the value of eBay's initially issued shares increased thirty-fold. eBay is still the star on the Nasdaq stock market, and eBay's online trading scale is also expanding rapidly. This development speed even makes eBay unable to keep up. In order to limit traffic, eBay even increased the cost of product registration. , increased from 10 cents to 25 cents per item, and limited to 10,000 items logged in per day. From 98?At the beginning, eBay's revenue began to grow rapidly. In 1998, the total revenue was only 47 million US dollars, and in 1999 it reached 224 million US dollars. Then it continued to grow at a rate of almost doubling every year. Bao Feiyang nodded and said: "Yes, although there are still some problems in online transactions, there is no doubt that online transactions will become the mainstream. Maybe for a long time, online transactions will not be able to completely replace offline transactions, but it will soon It will soon be able to share the world with offline transactions. This is a very potential investment field." Bao Feiyang said: "In the future, transactions of goods and even services may increasingly shift to online. This will be a trend. , and this trend represents countless investment opportunities!¡± Tang Tianer has no objection to the prospect of online trading, because she is an eBay user. This trading method does have many problems, but it also has its own attractions. Bao Feiyang continued: "Everything we see and hear is becoming digital, what we use will become networked, and people's communication will also become networked. Social networks such as MSN, ICQ, Facebook, and Twitter The prospects will also be very good. " "Our work will also be networked, and email has become a must, as well as OA software, Office software, and of course various image processing software, financial software, system integration software, software, etc. Networking will be everywhere! " "Including our lives, household appliances will also become networked and intelligent" "Online education will become popular" "And eventually, artificial intelligence technology will replace our own Many activities, such as self-driving, writing financial reports, etc" Bao Feiyang looked forward to the development of future science and technology, focusing on the Internet, communications, electronics, new materials and new energy. Although the Nasdaq stock market crash is about to break out, the future of the Internet is undoubtedly bright. In the future society, all walks of life, and all aspects will be related to the Internet, ranging from chatting in life to work, interviews, meetings, and buying a house. Nothing and everything is inseparable from the Internet. Whoever can use the Internet to bring convenience to life and work can create new products and services and achieve success. The success of the Internet cannot be separated from the progress of hardware. The progress of electronic technology and communication technology is the key. In the future, electronic chip products will continue to evolve rapidly in accordance with the rules revealed by Moore's Law. The development of communication technology will allow broadband to enter thousands of homes. Thousands of households, the tide of mobile Internet is coming even more fiercely. While the Internet is changing the world, humans are beginning to pursue sustainable development and the harmonious development of man and nature. New energy is the field that humans have been pursuing in recent years and most want to make breakthroughs. This field will be in the next twenty years. The year will also see explosive growth. From photovoltaic power generation, to wind power generation, nuclear power generation, and the practical use of electric vehicles, a more profound change is about to occur. This change may not be as obvious as electronic products and the Internet, but the impact is equally great. "Yes, compared to a few decades ago, the world today has indeed changed too much and too fast!" Mr. Tang said with a smile. In the past few years, the Tang family has gradually concentrated its efforts in traditional industries, focusing on the development of industries such as petroleum, mining, shipbuilding, shipping, and high-end home furnishings. Giant, but it is in a leading position in terms of technology and operational efficiency. On the other hand, through cooperation with Fang Xia, the Tang family has begun to enter the high-tech field, and this business is currently basically handled by Charlie Tang, the third generation of the Tang family. This was beyond Bao Feiyang's expectation. Charlie Tang had studied architecture and history before and was not interested in business management. No one knew how he suddenly became interested in venture capital, and he had a very accurate vision. , took over the Tang family's venture capital fund as early as 1996, and often cooperated with Tangtang Investment to invest in start-ups in Silicon Valley. They also looked for opportunities in the Asia-Pacific region. Now they have become a well-known venture investor in Silicon Valley. . Charlie Tang is currently mainly responsible for the venture capital investment of the Tang family. In addition, he also runs several blog websites, a blog network, a Twitter network, and a friend network. These websites were originally acquired by Fangtang Investment. Bao Feiyang originally proposed a plan for the development of the blog website and asked Fangtang Investment to send it to the website team for implementation. However, Charlie Tang found out about it. This guy was very interested in blogging. Wang was very interested and clamored to work for Bao Feiyang. In the end, Bao Feiyang had no choice but to let him become a shareholder and serve as the CEO of Blog.com. At present, these websites are not very popular, but Charlie Tang is very interested and he is also very capable. According to Bao Feiyang's plan, he has established three forms: blog, Weibo and circle of acquaintances. Bao Feiyang is not in a hurry to build a comprehensive product, because Twitter and FacebookThe emergence of Facebook is something that will happen in the future. He is not sure whether Facebook will be successful if he launches it now. If Charlie Tang¡¯s performance in the Internet and venture capital fields surprised Bao Feiyang, then Tang Tianer¡¯s performance surprised him.