Why are there no bats in Shanghai?

In the first wave of Internet economy development in China, Shanghai actually led the trend. When BAT was still in the founder's mind or unknown, Tang Yi was the highest-pitched and most expensive in Shanghai at that time, followed by Yi Bei, the pioneer of e-commerce, then the video game giants Jiucheng and Shanda, followed by Ctrip, which focused on online travel booking and blackboard writing on online literature.

However, in a few years, Shanghai's drama was quickly overshadowed by BAT. If you look at the market value alone, the sum of the market values of Ctrip, Home Inns, Shanda and Focus is not as good as the fraction of one of BAT. Then, many people want to ask, why did the Shanghai Internet company, which was in the limelight a few years ago, miss the opportunity to produce BAT in Shanghai or leave BAT in Shanghai when the new round of mobile Internet arrived?

When the new round of mobile Internet comes, what Shanghai calls loudest is to build a world financial center and the headquarters of the world's top 500 enterprises. It pays attention to state-owned enterprises and large enterprises, and pays little attention to private enterprises and emerging enterprises. I don't know that the world's top 500 companies they are obsessed with are essentially just a group with diminishing innovation boundaries. Private enterprises such as the emerging Internet have high operating costs and difficult financing in Shanghai, which makes it difficult for these enterprises to stand out and grow in Shanghai. It is said that Ma Yun's Alibaba first wanted to develop in Shanghai, but because of the high business cost in Shanghai, it had to retreat to Hangzhou.

Because the new round of mobile Internet war is not a "big fish eat small fish", but a "fast fish says slow fish", and it can obviously lead the trend. Emerging Internet companies can finally become "unicorns" only by constantly raising funds and launching a merger and acquisition war. Shanghai's local business culture, which is "timid and afraid of things, obsessing over foreign things and obsessing over foreign things", is doomed to be unable to get strong support if BAT develops in Shanghai at the initial stage.

In other places, it is effective to tell stories and draw cake clouds for employees, but in Shanghai, it is estimated that he will ask employees to take a little less first, and get the highest salary in the industry after three to five years. The employees scold him for "not being able to carry it clearly" and then hand in a paper and leave. We can even imagine that the real reason why Ma Yun returned to Hangzhou from Shanghai may not be because the business cost here is too high, but because there are no "stupid employees" who can grow up with the company and share joys and sorrows.

Therefore, as long as Shanghai's pragmatic and calculating civic culture remains unchanged, we don't have to wonder why there is no such problem as BAT in Shanghai.