Business / Technology

Executives share views on China's Web future

(China Daily) Updated: 2015-12-17 10:21

Executives share views on China's Web future

Jia Yueting, chairman and CEO of LeTV Holdings Co Ltd, speaks atan event in Beijing, May 7, 2013. [Photo/IC]

A1 China's 13th Five-Year Plan (2016-20) says that the nation will be well prepared for the next generation of the Internet. We believe the next generation of the Internet will be led by ecosystem innovation that breaks boundaries. Empowered by technological and business model innovation, the first generation of the Internet no longer meets the demands of the coming era. Only when the industrial chain is vertically reconstructed and traditional industrial boundaries are removed, can we build a complete ecosystem and realize the biggest innovation.

A2 China has already become a big nation in Internet application, with three to four times more people online than the United States, whereas Japan and South Korea are still industrial-driven economies. Only China has the world's largest scale of Internet, strongest manufacturing and electronics consumption capacity, and a long-standing history. China also has a great environment for cross-boundary collaboration. Despite strong resistance in this process, we believe that the global Internet ecosystem era will be spearheaded by Chinese enterprises.

A3 The auto industry. I envision three major Internet user scenarios. The first mobile Internet scenario was cellphones. The second is the big screen Internet scenario-TVs. And the third should be a transportation Internet scenario-cars. Phones and TVs have all been fully connected to the Internet but the car is still merely a tool to move you from point A to point B.

The Internet vehicle era will see a new scenario where mobility is well connected to the Internet, enabling an amazing in-car experience.

A4 I believe that in 2016 the opportunity window will be in sports. Incorporating the Internet with sports and other traditional industries is exactly LeTV's model. In particular, the integration of the Internet, sports and smart devices will be a huge opportunity window in 2016.

A5 The companies that really change the industry and the world will never be those who wait around for opportunities, but those that are like eagles, breaking the status quo and exploring possibilities freely. We should become eagles and create the future for ourselves, for China.

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