As early as 1975, Kodak had a huge digital camera that looked like a machine tool in the laboratory. This huge camera could only take 100*100 pixel black and white photos.

By 1981, Sony produced the first truly digital camera, Mavica. Like ordinary SLR cameras, it could change the lens and the sensor could take 280,000 pixels of photos.

However, until 1998, a digital camera was still a bulky toy and had no advantage compared to a film camera. But the situation changed this year. Kodak and Canon jointly created Canon's first digital SLR camera D2000, and Nikon launched the D1, which increased the pixels of the digital camera to more than 2 million. Excellent products made the market gradually accept this new camera.

Starting this year, the sales of digital cameras have begun to increase rapidly. If by 2000, even if the sales of digital cameras have almost doubled compared to this year, but the sales of traditional cameras have not yet decreased much, then by 2001, the market began to shrink, and in just four or five years, film cameras have almost disappeared without a trace.

By around 2005, film cameras had basically withdrawn from the stage of history, and digital cameras dominated the world and were incredible. At that time, digital cameras probably wouldn't have thought that their good days were only five or six years left. Five years later, the sales of digital cameras in 2010 reached a historical high, and then they began a cliff-like decline. After only two or three years, by 2013, sales were less than half of those in 2010. In a few years, portable digital cameras were almost eliminated by smartphones, and only those digital cameras with interchangeable lenses were active in the hands of those with higher quality photos.

The changes in the mobile phone industry also reflect this change. In the first pager, later the large analog signal mobile phone, to the current digital feature phone, in a few years, the Apple IPhone was launched, and smartphones quickly replaced feature phones and became the mainstream. Basically, a fundamental change will take place in about ten years. In the development of smartphones, there will be some very important technology upgrades almost every year.

"Looking at the development of electronic products, it is basically a process of electronicizing everything around us..."

Bao Feiyang said: "At the beginning, computers could only process computing, that is, electronic digitalization. Later, text information could be stored electronically, which is text electronicization. Later, CCD appeared, optical information could be stored with numbers, and then sound digitization, MP3 appeared, image digitization, digital cameras appeared, image digitization, DVD replaced video recorders; communication digitization, digital machines replaced analog machines, digitalization used to mean storage and processing through electronic media, but now with a network, it means that all this can be spread through the network..."

"Then I think there will be more digitalization and the resulting networking trends..."

Bao Feiyang said: "We can see that there are still things around us that have not been digitized. I think they will be digitized sooner or later, and this should be the trend of technological development, and this development will be very fast. We must seize this trend."

Tang Tianer looked around and looked again and again: "What you said seems to make sense, but... I can't see anything around us that can be digitalized!"

Bao Feiyang smiled and said, "Of course, before the CCD appeared, no one thought that the light signal could be recorded by electronic media!"

Bao Feiyang pointed to Tang Mier's clothes and said, "Actually, there is a trend of electronicization now."

Tang Mier looked down at her clothes: "You, you won't talk about the clothes on me, are you?"

Bao Feiyang smiled and shook his head: "Of course, there is no way to electronicize the entity like clothes, but purchasing behaviors related to clothes may be electronicized."

"Are you talking about ebay?" Tang Mier asked excitedly.

ebay was first established in 1995 and was renamed ebay in 1997. It mainly operates online auction business. By the end of 1997, the total volume of ebay's commodity transactions reached nearly 100 million US dollars, and it has more than 300,000 registered users.

It was listed on Nasdaq in 1998 with an issue price of US$18, but it rose 162% on the day of the issuance, reaching US$47. When ebay issued additional new shares in seven months, its new shares had been issued as high as US$170. In the middle of the two issuances, ebay also conducted a 1-to-3 share split. This means that seven months later, the value of the initial shares issued by ebay increased by thirty times.

Currently, ebay is still a star in the Nasdaq stock market, and ebay's online transaction scale is also expanding rapidly. This development speed even makes ebay unable to keep up. In order to limit traffic, ebay has even increased the cost of product login, from 10 cents per piece to 25 cents, and a limit on logging in 10,000 items per day.

Since 1998, ebay's revenue has begun to grow rapidly. In 1998, the total revenue was only US$47 million, and in 1999 it reached US$224 million, and then it has been growing at a rate of nearly doubling each year.

Bao Feiyang nodded and said, "Yes, although there are still some problems with online trading, there is no doubt that online trading will become the mainstream. Perhaps for a long time, online trading cannot completely replace offline trading, but it will soon be able to share the world with offline trading. This is a very potential investment field."

Bao Feiyang said: "In the future, the transactions of goods and even services may shift more and more online. This will be a trend, and this trend represents countless investment opportunities!"

Tang Tianer has no objection to the prospect of online transactions because she is an eBay user. There are indeed many problems with this trading method, but it also has something that fascinates her.

Bao Feiyang continued: "What we see and hear are digital, what we use will be networked, and people's communication will be networked, and social networks such as MSN, ICQ, Facebook, and Twitter will have a very good prospect."

"Our work will also be networked, and email has become a must-have, as well as OA software, Office software, and of course various image processing software, financial software, system integration software, softwareization, networking will be everywhere!"

"Including our lives, household appliances will also be networked and intelligent..."

“Online education will become popular…”

"In the end, artificial intelligence technology will replace many of our human behaviors, such as autonomous driving, writing financial reports, etc...."

Bao Feiyang made a prospect for the development of future technology, focusing on the Internet, communications, electronics, new materials and new energy.

Although the Nasdaq stock market crash is about to break out, the prospects of the Internet are undoubtedly bright. In the future, society, all walks of life, all aspects will be related to the Internet. From chatting and speaking in life, to work, interviews, meetings, buying a house, anything, everything is inseparable from the Internet. Whoever can use the Internet to bring convenience to life and work can create new products and services and achieve success.

The success of the Internet is inseparable from the progress of hardware. The progress of electronic technology and communication technology is the key. In the future, electronic chip products will continue to evolve rapidly according to the laws revealed by Moore's Law. The development of communication technology has allowed broadband to enter thousands of households, and the tide of mobile Internet is even more surging.

While the Internet is changing the world, human beings begin to pursue sustainable development and the harmonious development of man and nature. New energy is the field that humans have been pursuing and wanting to make breakthroughs most in recent years. This field will usher in explosive growth in the next twenty years. From photovoltaic power generation, to wind power generation, nuclear power generation, and the practicality of electric vehicles, a more profound change is about to happen. This change may not be as obvious as electronic products and the Internet, but the impact is also great.

"Yes, compared to decades ago, the world now has changed too much and too fast!" Mr. Tang said with a smile.

In recent years, the Tang family has gradually concentrated its efforts in the field of traditional industries, focusing on the development of industries such as oil, minerals, shipbuilding, shipping and high-end home furnishings, and formed several powerful enterprises. Although they are not considered giants in related industries, they are in a leading position in technology and operational efficiency.

On the other hand, through cooperation with Fang Xia, the Tang family began to enter the high-tech field, and the business in this area is basically handled by Tang Charlie, the third generation of the Tang family. This is far beyond Bao Feiyang's expectations. Tang Charlie used to study architecture and history, and was not interested in the operation of the company. No one knows why he suddenly became interested in venture capital, and his vision was very accurate. As early as 1996, he took over the venture capital fund under the Tang family, and often operated in joint operations with sugar cube investment. Start-ups investing in Silicon Valley are also looking for opportunities in the Asia-Pacific region. Now he has become a well-known venture capitalist in Silicon Valley.

Charlie Tang is currently mainly responsible for the venture capital of the Tang family. In addition, he also runs several blog websites himself, one blog website, one Twitter website, and one friend website. These websites were originally acquired by Sugar Quartz. Bao Feiyang originally proposed a plan for the development of the blog website and asked Sugar Quartz to send it to the website team for execution. Charlie Tang found out that this guy was very interested in the blog website and was clamoring to work for Bao Feiyang. Bao Feiyang finally had to make him invest in the shares and serve as the CEO of the blog website.

At present, these websites are not very popular, but Charlie Tang is very interested and has strong abilities. According to Bao Feiyang's plan, he has built three forms: blog, Weibo and acquaintances circle of friends. Bao Feiyang is not in a hurry to create a comprehensive product, because the emergence of Twitter and Facebook is a matter for the future of the blog. He is not sure if he launches Facebook now, it will definitely be successful.
Chapter completed!