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China Central Television (CCTV) – Alibaba Group Holding Executive Chairman Jack Ma and Facebook co-founder, CEO Mark Zuckerberg were talking innovation at the China Development Forum held in Beijing on Saturday.
Innovation is an effective way to solve problems with technology, according to Ma. “You do it not because this thing is going to make money. You do it just because no matter what. ‘I’m gonna sell my house. I’m going to give up everything to do this.’ If you have this determination, just go do it,” said Ma.
Zuckerberg said innovation is helpful in solving problems in the coming 10 years or more, emphasizing that Facebook is embracing the tech trend by using the Virtual Reality(VR devices) as an example.
“2016 is going to be a year that really good consumer VR starts to ship. So we started to ship this product with Samsung last year. And this year, we are about to ship the headset we called ‘Oculus’ which can plunge with the computer to give you the best experience,” Zuckerberg said.
The two successful business leaders also offered their advice for young people who want to start their own career.
“You do it not because this thing is going to make money. You do it just because no matter what. ‘I’m gonna sell my house. I’m going to give up everything to do this.’ If you have this determination, just go do it,” said Ma.
“You should focus on solve the problem rather than starting a company. There it’s weird cultural thing in Silicon Valley where it’s really cool to have a company. A lot of people have a goal: I want to start a company. They know they want start a company before they even know what problem they want to solve. I think that it’s crazy,” said Zuckerberg.
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Chinese students are increasingly heading into the private sector upon graduation, disenchanted at their prospects in the public sector opening up cafes and running other “lower value” businesses than pursuing the path of high-flying entrepreneurs.