2019 Smart China Expo: Quotable quotes

Pony Ma Huateng, chairman and CEO of Tencent

Today, at a time when variables such as informatization, the most important one, begin to be integrated into all walks of life, industrial competition is changing. Rather than have a rivalry within a single industry, the vertical entity economy has combined with the horizontal information industry, to form a new pair of "crisscrossed partners" for competition.

5G is not a single technique, but a series of technological innovations requiring combined efforts to succeed. No country in the world today can fully possess all the needed resources, technologies and capabilities for a new round of technology and industrial development. Industrial fragmentation and technology decoupling will hurt the long-term interests of mankind.