The sentence of "dare to be the first to succeed" put forward by Yin An is actually the same as Tencent's concept in the brutal expansion stage in those years. This sentence is counter intuitive in the field of business competition, because everyone will assume that innovation must be the first to be the first to succeed, but the first person who eats crabs is also more likely to eat the spider poisoned, and finally become the cannon fodder to help others find their way. For small companies with no resources and no background, they have to rely on the curve to overtake to fight to death, to gain some first mover advantage in time, but for large companies with huge funds and traffic, they can use space to trade time. I will let you run 300 meters forward first, until The dead, the wounded and the wounded. I will charge again when the situation is almost clear. But in fact, it is understandable for large companies to do so. After all, there are more than ten new directions emerging every day, and large companies must have their own main line, which can affect the whole body. They must have their own strategic determination, and every action must be monitored by the entire industry. They cannot move, cannot stay still, and cannot move around. They can only move after seeing clearly. So this is the soul torture that most Internet entrepreneurs would face when financing ten years ago: What if Tencent did? In fact, Tencent has been daring to dominate the world, from social networking to gaming, from email to cloud services, everything is up to me to give you 300 meters first. When you figure it out and I see it clearly, bring it to you. But profit and loss come from the same source, and Tencent's biggest crisis in history also came from this. How many people still remember that famous article "Tencent on Dog Day"? Older people probably have seen it. Tencent's take it you model has led to no one in the entire Internet circle to dare to innovate, and everyone in large and small companies is worried about themselves. Finally, the Chinese Internet epic 3Q war broke out, which has also become a turning point for Tencent from closed to open, from acquisition to investment. Tencent back then and Binance now look very similar, including their behavior and daring to take the lead in everything from wallets to Dex.