Digital commerce is rapidly growing in the Asia-Pacific region, but market development is uneven across countries and vendor capabilities are still evolving.
A founder's mentality can be vital for Chinese technology groups to win out in the marketplace, according to the president of consultancy firm Bain & Co's China branch.
A world where every citizen is connected to the internet needs to happen. In today's digital economy, connectivity is crucial for equality and sustainable development. The positive news is the world is off to a good start in its commitment to broadband. Mobile broadband is now the fastest-growing technology in human history and recognized as a key driver of growth and an important catalyst. The total number of mobile-broadband subscriptions will reach 3.6 billion worldwide by the end of 2016, almost half of which are broadband-enabled.
The worldwide consumer electronics market will be worth around $686 billion worldwide this year, but will only have marginal growth of 1.5 percent.
As internet-enabled business accounted for an increasing share of China's economy, it was of great importance for Chinese internet startups to be able to deal with the information and grasp the opportunity to use the internet to transform traditional industry, said Haim Mendelson, professor at the Stanford Graduate School of Business.
Collection unveils a community's daily life and colorful times
It all started eight years ago, when 24-year-old Qian Huaili was reading "father of Japanese folk arts and craft" Sooetsu Yanagi's book Culture of Industrial Craft and Handicrafts. Qian was a sophomore studying industrial design at Zhejiang University of Science and Technology. Earlier he had been reading a thick book about the history of industrial design in the West - a text that did not interest him.
A young woman is sprawled against a wooden doorway in Wuzhen's West Scenic Area, surrounded by beat-up old suitcases.
While the internet has transformed Wuzhen from a once tranquil water town to a magnet for technology tycoons, it has also helped to upgrade and transform the traditional industries in the city.
More than 1,000 volunteers are working at the third World Internet Conference in Wuzhen, Zhejiang province, which continues through Friday.
After enjoying cupping, an acupressure technique of traditional Chinese medicine, at Wuzhen Chunxitang Seniors Service Center, Qiu Xiuying went to the dining hall for her supper.
Huang Lyuqiang sits at a table in the public area of a hotel based in a house on Ciyun Road in Wuzhen.
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