Latest Buzz word from China “Internet+”

   

internet

China is abuzz with the term “internet+” which was coined by Tencent’s Pony Ma in 2013 and discussed again recently with Chinese Premier Li Keqiang. The term is a call to action to leverage internet technologies to advance China’s development across the “real” economy.

Example includes Alibaba’s Ant Financial group as “Internet+ financial services” or Xiaomi’s smart home efforts or recent support around ride sharing apps. Maybe it is not really anything new but expect more companies to promote their telemetric or M2M solutions as being aligned with China’s goals of Internet+ [insert word].

Related links: link 1; link 2; link 3 

About The Author

Chris DeAngelis is a Partner and the General Manager of Alliance Development Group (ADG). Chris is considered a leading expert on the Chinese technology scene and is regularly cited in leading media including The Wall Street Journal, The Financial Times, Forbes, TechNode, MSNBC, Digital Trends, China Economic Review, International Business Times, Thomson Reuters and others. He has BS in Accounting from Lehigh University and an MBA from Columbia Business School. He has two daughters and has been living in Beijing since 2005.