Forum seeks to develop and integrate internet and new economy

BY :Molly Wong,Louis Berney

UPDATED :June 27, 2019


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The 2019 China (Guangzhou) Internet + New Economy Forum was held on June 26 at Four Seasons Hotel, attracting some 1,200 attendees.
Entrepreneurs, venture capitalists, university scholars and industry experts from the Internet field participated in various forms of in-depth exchanges, such as keynote speeches, closed-door meetings, high-level dialogues, and seminars, exploring new trends and the future of the industry.
The forum sought to promote in-depth exchanges and multi-party integration of the internet industry. It also tried to actively build a resource aggregation platform for talented individuals, capital and technology in the Internet field. Another goal of the forum was to aid the development of the Guangdong-Hong Kong-Macao Greater Bay Area and to spur the high-quality development of Guangzhou's economy and society.
Organizers of the summit released the 2018 Guangzhou Internet Development Report and staged an Internet Enterprise Billboard Awards Ceremony to honor a group of outstanding Internet companies.
With its strong business environment, Guangzhou has provided fertile ground for the development of Internet companies. With the advent of the 5G and artificial intelligence eras, the Internet industry is welcoming another critical period of development. Speakers focused on the theme of “Internet + New Economy” and offered opinions and ideas on the topic. 
Six participants in a panel discussion exchanged ideas on the theme of “the ‘Guangzhou Power’ in the Digital Economy of the Guangdong-Hong Kong-Macao Greater Bay Area.”
Huang Luchuan, CMO of the iRootech Technology Co., Ltd., said that the digital economy is deeply needed in the industrial field, because the digital economy can revitalize the real economy, and the industrial internet is an industry itself. “It is necessary to combine the digital transformation of industrial clusters with the application of the digital economy in the pan-industrial field, so as to build a good ecology of the digital economy,” Huang suggested.
Zhang Guangnan, dean of the Institute of Guangdong, Hong Kong and Macao Development Studies, Sun Yat-sen University, stated that the Greater Bay Area has adopted a mode for managing China's negative list (which places restrictions on certain foreign investments) in a way that brings more opportunities for the digital economy.
During the forum, Huawei, ZTE and the Guangzhou Internet Association jointly issued a 5G strategic cooperation agreement. The companies said they will allocate talents, technologies, markets and other resources for live video broadcasts and for application scenarios in the areas of medicine, education, the industrial internet, and entertainment, among other fields. They also will carry out extensive strategic cooperation to promote the development of the internet industry in Guangzhou.

The forum was hosted by the Guangzhou Internet Society.