Special interview
Written by: Kwong Yueting
2020-11-02 07:01
Last update date: 2020-11-02 07:01
It is the dream of many people to enjoy a high-paying job. However, Zhao Lang, the son of "Lou Shen" Zhao Guoxiong, is not content with the status quo. He is the investment director and head of Hong Kong of the CLSA Real Estate Fund. He resolutely turned to start a startup with his friend Ye Jiaxing Atalon Ventures, after developing the Pong Sports system and becoming famous, recently developed a business system and has attracted more than 100 orders during the test period.
Although he is the son of Lou God, the road to entrepreneurship has to be done by himself, and it is never easy: I once had a video conference with the US branch at 5 am, and Typhoon Signal 8 was also a working day.
After starting a full-time business for more than two years, Zhao Lang has a lot of insights: "When you and your team conceive a product together, solve the obstacles encountered in the middle, and then go to the product launch, if the product is easy to use and easy to use, I think it is an achievement. The feeling is that the real estate has made hundreds of millions of dollars!"
8 Russell Street, Causeway Bay is now the Emperor Watch and Jewellery Centre. It was planned and sold by Zhao Lang in 2014.
(Profile picture)
The so-called "tiger father has no dog son", Zhao Lang joined CLSA in 2010 and was only an analyst at the beginning, but at the age of 28 in 2015, he was promoted to the Hong Kong area of CLSA's real estate fund. He became famous in early 2014. He bought a serviced apartment at No. 8 Russell Street, Causeway Bay for 1.8 billion yuan, and then split it into multiple shops for sale. In just two months, the fund made a net profit of 1.6 billion yuan. After this battle, he was called the "Russell Street Werewolf" by the market. He was promoted to become the youngest director of CLSA.
However, he was proud of his career, but he chose to switch the track to start a full-time business in 2018. "Russell Street Werewolf" became an entrepreneurial expert and founded the startup Atalon Ventures with his friend Ye Jiaxing.
"Life is short. Suppose I have been in business for 40 years. I don’t want to devote myself to real estate for 40 years. Real estate is an industry that I can jump back to at any time, and the future is in the age of the Internet. So I want to challenge myself. "With a few words, Zhao Lang talked about the origin of his entrepreneurship.
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Atalon Ventures initially started with the development of the digital pitching cup system PONGConnect. In 2019, it was selected as the game machine for the Cup Pitching World Championship 2019. It currently operates in 16 countries.
Recently, the company plans to launch the "iSaleConnect Business System", which will allow stores to integrate sales records, purchase processes, inventory management and membership systems on the same platform, which will help small and medium-sized enterprises transform in the epidemic. The system is still in the testing stage and has been accepted. It has received more than 100 orders and is scheduled to be officially launched early next year.
Zhao Lang believes that Hong Kong people turn data faster and young people are very creative.
(Photo by Huang Baoying)
The company has been in business for more than two years. Recently, the company has been invested by venture capital fund Huike Technology Venture Capital and Innovation Technology Venture Capital Fund (ITVF) under the Innovation and Technology Agency. At the same time, it completed the first round of financing in the third quarter with a valuation of 300 million yuan. Few, but compared to the previous "bricks and mortar" transaction, it is not as profound.
Zhao Lang admits that entrepreneurship has changed his values. In the past, he would use money to measure the success of a person. "In the past, I thought that how much money you made would have a lot of money, but when people reach a certain age, they think that money is only one. Digital, money does not change your life and your values.” Now he hopes to develop products that help others, especially in the new normal under the epidemic, people’s consumption patterns have changed, and many retail companies have noticed intelligent, digital Because of the importance of transformation, he hopes that "iSaleConnect Business System" can save costs for SMEs and make business easier.
Dream house needs to be a smart home
Although his career is successful, Zhao Lang, who is 32 years old, has not yet "getted into the car". He laughed and said that because he was too busy, he "has not had time to buy a house", and his "dream house" is the most The most important thing is to equip smart home products. The useful area and location are second. "I would rather buy a large Loft (loft), according to Jiaxing Home Office (work at home), so I can be loud and educate. It saves a lot of travel time, and it won’t be a problem if I ask my colleagues to go to the meeting in my house!"
Regarding future property price trends, Zhao Lang feels that every asset will rise and fall. It is difficult to accurately predict the highest and lowest price levels of property prices. However, if the public buys a property for self-occupation, he can only do what he can and afford to pay. Lou, "Whenever you buy, there is no problem."
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