In Zhou’s opinion, failure is an inevitable destiny for entrepreneurship. “Some people believe that I hold a pessimistic view towards failure, and asked me subtly if Yidao has been a failure. To be frank, it’s a very shallow opinion,” Zhou said.

　　“There is no a set definition or standard for an enterprise’s success,” he added, saying that innovations are also trial-and-error for an innovation-oriented enterprise, and that trial-and-error attempts are supposed to lead to failure.

　　“In China, most of the time innovations are valued when they succeed. Only when we can change this mindset and really value innovation itself, can we make actual innovation. There is no point of driving innovation with success,” Zhou concluded.

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　　Translated by Garrett Lee (Senior Translator at PAGE TO PAGE), working for TMTpost.