Quotable

"Chinese tourists now have better jobs and know how to share information, especially those born in the 1980s and the 1990s. Driven by life quality decisions, more people will choose independent travel instead of traditional package tours."

CHEN GANG, co-founder and chief executive officer of Mafengwo

"Unlike China's car-hailing and group-buying sector, where two front-runners have merged, the bike-sharing sector features asset-heavy business models and there is no point in merging or acquiring others."

HU WEIWEI,

"The Fourth Industrial Revolution will eventually make people richer, and when people become more affluent they have a greater need for culture and the arts. In a traditional society, you may think you have to go and work in a factory or a company. With robots, manufacturing will take care of itself."

XU JINGHONG, chairman of Tsinghua Holdings, the technology investment arm of China's Tsinghua University

(China Daily European Weekly 06/30/2017 page24)