Summary of Luo Zhenyu’s 2018 New Year Speech

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8 Overall

8 Applicability

8 Innovation

8 Style


Luo Zhenyu, one of the most influential media personalities in China and the founder of paid-content app Dedao (iGet), has promised to deliver a New Year’s speech every year for 20 years. In 2018, for his third annual new year speech in this “Friend of Time” series, Luo talked about “Chinese-style opportunity.” The speech got more than 11 million views online. In this article from the tech media website Ifanr, operating editor Shen Xingyou highlights the main points of the four-hour speech. getAbstract recommends Luo's insights to entrepreneurs, global investors, economists, as well as start-up enthusiasts. 

In this summary, you will learn

  • What entrepreneurs can do to seize the business opportunities in China,
  • Why Luo Zhenyu is optimistic about the Chinese economy and
  • How Luo plans to grow his paid-content app Dedao (iGet). 

About the Author

Shen Xingyou is the operating editor at Ifanr, a tech media website in China that focuses on consumer goods, technology and innovation. Shen writes about business, products and lifestyle.



In his four-hour speech, influential media personality Luo Zhenyu focused on “China-style opportunity.” He structured the speech by asking six questions. His first three questions dealt with business opportunities in China and how entrepreneurs can seize them:  

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