OFweek Smart Home Network News Summer 2017 Davos Forum was held in Dalian from June 27th to 29th. During the conference, the “Davos Phoenix Financial Breakfast Club†sponsored by Phoenix.com was held on June 28th. Business elites from all walks of life gathered together to take the theme of “New Pattern of Transformation in Manufacturing in China†as the theme. share it.
Closed-door breakfasts will discuss around issues such as consumption upgrades and quality economics, smart manufacturing and investment opportunities, how financial and internet support Chinese manufacturing, and how Chinese manufacturing should transform in the age of organic living.
FT Chinese Editor Wang Feng
Wang Feng, editor-in-chief of FT Chinese Network, said that the key to consumer upgrades is whether Chinese companies can seize business opportunities. As long as there are markets and demands, China will be able to make this matter. It is only a matter of time and problems. In addition, there is the issue of China's supervision. It is difficult for the government to get through, but Chinese Internet companies and governments have bargaining power.
It is expected that after the second half of this year, China’s macro-environment will make some breakthroughs. There may be some thawing and some opportunities for liberalization when the upper class wants to act. We are also very much looking forward to this because it will indeed create a huge business opportunity to drive future development.
The following is the full text of the speech:
I am not an expert in any field. Just now I heard that academics and industry leaders are very interesting to talk about. I feel that today's discussion is a little bit of a debate about artificial intelligence threatening human society. Teacher Li Kaifu published an article in the New York Times. The doctor of Ctrip also sent an article to me last night. They have some different views on the threat of artificial intelligence to human society, but overall, they all share the same goal. The more happy business investors are, the more worried politicians and sociologists should be.
Kai-fu Lee
In addition to the related employment mentioned by Li Kaifu in the education increase service industry, there is also a universal basic welfare guarantee system that covers all human basic welfare protection systems and collects a poll tax for high-tech enterprises that are engaged in smart manufacturing and artificial intelligence because Your job has left tens of millions of people around the world unemployed, so you have to pay for them. Our most intelligent mind probably only came up with these methods, and we need to think further.
Specifically, regarding consumption upgrades and related investment opportunities, I have a feeling in recent years that our technology companies, especially those who are now ahead of technological innovation and financial innovation, are very good at tapping all customer needs and opportunities with special focus. If it is exhausted, such as a mobile phone, the smartest mind may not be able to think of any new tricks. However, Huawei has made a revolutionary and disruptive mobile phone, and it is said that it can completely subvert the Apple or Android system. We spend more and more time on our mobile phones every day. We have already invested more in our investments. But we spend more time at home, and the investment and evolution of smart homes seem to have made little progress over the years. At present, it still only stays in the perspective of dialogues with smart speakers, such as remote start up of cars and air conditioning only. What are our entrepreneurs, technology companies, and investors doing? You dig out your small cell phone, but for the Chinese middle class, China’s public services and legal systems related to family and community are extremely backward. What is the difference between home and other people, in addition to the magnificent installation? Who wakes you up every morning? Is a babysitter or an alarm clock? I think it is strange that some tech giants have not made progress in this area. This is an obvious area. There are countless huge business opportunities here.
This is my perplexity. The plan that I can see is also precisely in China. In October last year, a large-scale Internet disconnection occurred in the western region. Some of the most influential companies were cut off from the Internet. Some of the simple household appliances and gadgets connected to the Internet were heavily attacked. At that time, many foreign media reported that some hijacked households are very simple to produce from China. This is not surprising, because cheap, simple technology, and can be copied in large quantities, which is also the characteristics of traditional Chinese manufacturing.
Since we have such a foundation, there is a huge demand for the middle class in China. What are our investors doing? What does our company do? Chinese people can produce the best Internet devices in the world and can manufacture the world's best refrigerators and smart sweeping robots. In these very vertical areas, the Chinese can be unique in the world. At least we are not technologically backward, and there is no advanced technology in the world. Perhaps we have a connection that is the ability of system integration. Now our mobile phone can solve a lot of work and daily life problems, but it will be ridiculous to use different remote controllers after going home. Why do I have a full-range remote control after I go home? What are our investors solving? These companies are all Chinese. One solution that I can see, whether it is BAT or other well-known companies, is now a global giant. It has a lot of resources in hand and has established many investment relations and alliances in the field of smart manufacturing. Relationships, I think this may be something that the Western giants do not possess. China’s Internet giants have ample opportunities.
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