Core Viewpoint - The conference emphasizes the emergence of a new era in investment and entrepreneurship, driven by the rise of younger generations and their potential to disrupt established industries [3][6]. Group 1: Conference Overview - The 36Kr WAVES New Wave 2025 conference was held in Hangzhou, focusing on themes such as AI innovation, globalization, and value reassessment [2]. - The event gathered top investors, emerging entrepreneurs, and scholars to discuss the future of China's venture capital landscape [2]. Group 2: Key Insights from Speakers - 36Kr CEO Feng Dagang highlighted that the new cycle starting in 2025 centers around the "rise of new generational power," suggesting that young entrepreneurs can break through barriers set by industry giants [3][6]. - Li Wei, founder of Songhe Capital, called for government support for technology and innovation, advocating for a market-driven approach where both profits and losses are accepted [3][9]. - Notable investors from firms like ZhenFund, Zhongding Capital, and Sequoia China shared their insights on industry trends and the importance of supporting innovative startups [3]. Group 3: Investment Philosophy - Investors emphasized the need to look beyond single technology points and consider industry ecosystems, competitive landscapes, and changing demands [3][14]. - The importance of patience in investment strategies was highlighted, especially in the face of market volatility [3][19]. - The necessity for entrepreneurs to focus on product strength and long-term planning was stressed, with a belief that consumers will ultimately pay for quality [3][18]. Group 4: Market Trends and Opportunities - There are signs of market recovery, with some investors noting a resurgence in certain projects [3][23]. - The AI wave is seen as a significant opportunity, with many believing that the best is yet to come in terms of innovation and market potential [3][51]. - The need for a practical approach to entrepreneurship was emphasized, with a focus on real-world applications and user needs [3][80]. Group 5: Globalization and Market Expansion - The conference discussed the importance of globalization in investment, with a belief that resilient entrepreneurs will drive international success [3][106]. - The necessity for companies to adapt their products to local markets rather than imposing pre-existing solutions was highlighted [3][107]. - The future of cross-border e-commerce was discussed, emphasizing the need for efficiency and cost-effectiveness in operations [3][129]. Group 6: AI and Technological Advancements - The potential of AI to revolutionize various industries was a recurring theme, with many speakers discussing its transformative impact [3][86]. - The importance of understanding user scenarios and providing continuous support for AI and hardware companies was emphasized [3][66]. - The need for a deep understanding of technology and its applications in real-world scenarios was highlighted as crucial for success in the AI era [3][71].

Group 1 - The 36Kr WAVES New Wave 2025 conference was held in Hangzhou, focusing on the theme of "New Era" and discussing topics such as AI technology innovation and globalization [2][3] - The conference featured top investors, emerging entrepreneurs, and scholars, aiming to explore the future of China's venture capital landscape [2][3] Group 2 - 36Kr CEO Feng Dagang emphasized that 2025 marks the beginning of a new cycle, driven by the rise of new generational forces, where young entrepreneurs have the potential to disrupt industry giants [6][3] - Li Wei, founder of Songhe Capital, called for government support for technology and innovation, advocating for a market-driven approach to foster economic growth [9][3] Group 3 - Notable insights from various investment leaders highlighted the importance of understanding industry dynamics beyond just technology, focusing on market demands and competitive landscapes [15][3][16] - The need for patience in investment strategies was stressed, particularly in the face of market fluctuations [21][3] Group 4 - The conference showcased a positive outlook on the market, with some investors noting signs of recovery and a potential bull market [25][3] - The emphasis was placed on the importance of real-world observations and understanding consumer needs in product development [26][3]