Although the name Li Yingqiao is not a household name, his family background is "satisfactory." His father Li Zhaolin is the third brother of the founder of Henderson (0012) and the "fourth uncle" Li Zhaoji. Both of them started from the real estate industry, Li Zhaolin The Siu On Group, which was founded, began to operate real estate development and investment business in the 1970s. According to its official website, it currently has two major properties, including Siu On Center and Siu On Plaza in Wan Chai.
There are a lot of people who invest in real estate in Hong Kong to get rich. Li Yingqiao also invests in luxury homes, but in the end he chooses to start a business, bluntly saying that he wants to "create value" for the society. He also pointed out that to succeed in the innovation and technology industry, he must have at least four major advantages!
Li Yingqiao believes that doing business is primarily to "create value" for society.
(Photo by Liang Pengwei)
Owning more than 45 patents to create NFT companies "subverting" the auction industry
With his family's fortune in real estate, Li Yingqiao naturally dabbled in "bricks."
He once invested in luxury real estate around 1997. "If you speculate about one or two items, the market will be terrible!" When asked if he had unfortunately become a "negative equity," he laughed and said, "Go away."
He did not continue to roll in the real estate industry. After completing his doctorate, he decided to start a business in 2009 and established Wanwei Digital Group to develop naked-eye 3D technology and industrialize scientific research results to provide complete 3D auto-stereoscopic technology solutions for various industries; at present; He has more than 45 registered patents and more than 800 authorized patents worldwide.
Li Yingqiao, who has passed his sixtieth birthday, still has a strong interest in technology. In recent years, he founded the "Fusion NFT" company Coinllectibles, which uses artificial intelligence and NFT (Non-Fungible Token) technology to combine physical art such as antiques and artworks with collectibles To “securitize” art and collectibles so that investors can trade on major NFT platforms, hoping to “subvert” the auction industry.
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In recent years, Li Yingqiao founded the "Fusion NFT" company Coinllectibles, using NFT technology to "securitize" art and collections (photographed by Liang Pengwei)
"With the ability, one mosquito will become 100 mosquitoes in three years."
For him, the development of innovation and technology has only one purpose, which is to "create value" for society. "Property speculation does not create value. The philosophy of life is to create value. If speculation does not make you earn it, you will lose it. Degree, return to the canal again!"
He also said that in addition to creating value by investing in innovation and technology, if your product can reach the level of disrupting the industry, or even change the society, "you can lose ten or one 100 when you are doing technology. You have the ability to take three years. After 1 mosquito becomes 100 mosquitoes, it can change the society, not necessarily a disruptive technology, it can be a disruptive business model.” With his own Fusion NFT, he also subverted the auction industry's business model.
Innovation and technology relies on the government to open "water pipes"
However, everyone says they want to "subvert" and "innovate technology", but among the hundreds of start-ups, only a few can run out and develop into "unicorns."
There is a saying in the market that the survival rate of start-up companies within five years is only 1%, and entering this business seems to be a "high-risk investment."
Li Yingqiao said with a smile, asking himself the four major advantages of "vision", "creative", "courage" and "funds" in order to be successful.
"Creativity must be innate; vision will watch you cultivate it; if you have the courage, but you can't be stupid, it's better to have a hose behind you, so it's very important for the government to support you."
Talking about the relationship with the "fourth uncle": little business contact
In recent years, the government has vigorously promoted the development of innovation and technology. The Mainland’s "14th Five-Year Plan" stated that it supports Hong Kong’s construction of an international innovation and technology center. Of angel investors are willing to invest, and the Hong Kong Stock Exchange (0388) has also reformed the listing system to allow companies with different rights on the same shares and unprofitable biotech companies to be listed.
The “supply” of funds seems to be increasing, but Li Yingqiao pointed out that although the environment has improved, most of the start-ups that can benefit from it are the start-ups that have “run out”. Hong Kong investors are less likely to think like foreign (innovation and technology investors) and call capital (seeking investment) in the United States."
He has mentioned many times that one of the biggest problems in the innovation and technology industry is funding. "A small number of innovation and technology companies have to bear all the expenses after the incubation (incubation stage), but you have to pay for 100 companies first. You can run out of a few rooms, and continue to do it before you run out. (Lack of funds) You will have difficulties."
Li Yingqiao said frankly that although the support has increased, "I always hope that the government can provide more support." The reporter asked Li Yingqiao where his venture capital came from. He laughed and said, "How much did you get for working? He didn’t want to mention more about the relationship between Uncle Si, and he just said with a smile, “I don’t have much contact in business. My mother may not even know that I am a baa!”
