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On the morning of August 6, CIDE, together with AAMA Silicon Valley and Pearl River Delta Branch, brought the audience the latest interpretation of China Internet Report 2020.

 

The activity took the form of global live broadcast and the total number of online viewers exceeded 851 thousand. Hundreds of thousands of people were online at the same time to listen to Edith Yeung's speech about the latest update on the most important statistics and technology trends in China in 2020.

 

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Guest Sharing

 

The speaker of this activity is Edith Yeung, the partner of Race Capital and the consultant of more than 500 entrepreneur companies. This lecture gave the audience a detailed overview of the most important statistics and the latest technology trends in China in 2020, which helped the audience to have a deeper understanding of the global Internet community.

 

Ms. Edith Yeung first introduced the current state of the Internet in China. China has 904 million Internet users, which is two to three times the number in America. China's three Internet giants are Baidu, Alibaba and Tencent, with businesses covering short video, shopping, online payment, online education and so on.

 

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Then Ms. Edith Yeung talked about the growing trend of Internet companies under the pandemic. She believed the pandemic actually accelerated the development of the Internet. During the pandemic, people stayed at home, so the demand for online services increased greatly. For example, many new users joined the recording and browsing of short videos. Therefore, the pandemic has a long-term influence on China's technology. The government has strengthened the support for digital construction to let IT help people work normally during the pandemic.

 

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In the end, Ms. Edith Yeung analyzed the Internet prospect under the China-US relationship. She thought the current relationship stimulated the development of Chinese technology companies. Many Chinese companies go back to China to list and bring their capital back to China. For example, Huawei listed in Shanghai and its share price rose in Hong Kong. At the same time, the government supports the technology industry and aims at reducing the dependence of semiconductors and chips on the U.S.

 

Panel Discussion

 

Q1: What changes do you think technology has brought to users in second- and third-tier cities?

Those cities pay more attention to the development of agriculture, energy and manufacturing. With the development of WiFi and 5G, the connection between factories and cities has become more convenient.

 

Q2How's the development of electronic money in China?

The Chinese government supports the development of electronic money. Electronic money requires the establishment of an infrastructure system, including media and digital banks. This can be achieved by cooperating with Internet giants such as Tencent and Alibaba in China. So the electronic money can be more popular among users, which is also the result of the rapid development of block chain.

 

Playback of the Lecture

 

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Edit:赵悦茗 CUHK (SZ) HSS Shaw College