Internet should keep pace
The Cross-Straits andHong Kong, Macao Internet Development Forum
bring more benefits to local people and lift companies’ competitiveness, participants at the forum agreed.
Three key issues which were discussed were: cross-Straits e-commerce cooperation, development of wearable smart devices and challenges faced by print media, radio and television in the era of the mobile Internet.
Internet finance requires a large customer base. China’s BAT (Baidu, Alibaba and Tencent) started with inclusive financing and there’s little doubt that they will develop into very strong financial platforms in 10 to 20 years. However mid-sized Internet companies prefer to focus on a specific group of consumers or offer specific products, like student loans.
Chen Yizhou, CEOofRenrenCompany