In­ter­net should keep pace

China Daily (Canada) - - CHINA -

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

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