The Internet has played a vital role in spurring innovation and fostering industrial upgrading in Zhejiang province, top officials said on Tuesday.
China's market for enterprise IT is huge, but the share that goes to cloud computing is still comparatively small. Sales of cloud computing hardware and services amounted to about $4 billion in 2014, about 5 percent of China's total IT market. That's much lower than the 11 percent of global IT spending on the cloud.
No business or government leader today would question that the Internet of Things drives growth, productivity and innovation. Like the industrial revolutions before it, the Internet of Things is becoming a new driving force in the global economy.
Jiang Meifeng stayed up late on the eve of Nov 11, China's largest online shopping festival, trying to snap up some goods in the 24-hour event during which retailers often offer cut-to-the-bone discounts.
Xiao Man, a human resources officer in Beijing, was on a mini shopping spree during a recent subway trip to the office.
Sam's Club, the premium and membership retail format of the world largest retailer Wal-Mart Stores Inc, joined forces in November with its sister company Yihaodian, one of China's leading e-commerce platforms for fast-moving consumer goods.
Wang Xiaoting, 29-year-old nurse in Shanghai, was surprised to find out that an online brand she shops with frequently had opened a bricks-and-mortar store in the city.
Editor's note: The second World Internet Conference, also known as the Wuzhen Summit, is taking place in Wuzhen, Zhejiang province. China Daily reporters interviewed a group of senior information technology business executives to learn their views.
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Raymond Zhou
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