Chen Mian

“I don't think application-layer players in the early stage, especially within the first year of launch, should have high gross margins. Storage has 80-90% margins. Chips have 80-90% margins. SOTA models also have 70-80% margins. I don't think applications should. So I've always set our target: don't have very high gross margins in the early stage.”

“The globally most profitable creative tool product in the previous era was Adobe. But Adobe had the fewest users. Something wrong — why does it have the fewest users but earn the most? Because in the productivity track, it's not whoever has the most users who wins, but whoever controls the highest-value production.”