This timely follow up to China's Mobile Economy - Opportunities in the Largest and Fastest Information Consumption Boom provides insights into the second phase of China's digital economy. After rapid economic expansion led by consumers, Chinese companies are actively embracing the potential of new technologies - the Internet of Things, artificial intelligence (AI), blockchain, cloud computing, and data analytics (iABCD) - to unlock value from nontraditional angles. China's Data Economy: How its Innovation Power is Shaping the Future of AI, Media, and the Global Order will analyze China's digital transformation in recent years, assess the value creation through digitization of industries, and address question such as: * How can Chinese apps, such as those for food delivery, online lending, and mobile payments expand so quickly that they surpass the scale of their original US model in merely a few years? * How do China's young netizens participate in and contribute to the digital economy, as online consumers, content creators, and startup entrepreneurs? * Why is Online/ Office integration (referred to as OMO, Online-merge with- Offline) viewed as the natural next step to the O2O (Online-to-Offline) model in the rest of the world? And why, after an overall e-commerce boom, are China's online businesses putting the emphasis onto their related offline businesses * How are the traditional industries in China, such as retail, banking and insurance transforming themselves to stay competitive? How do they embrace AI (artificial intelligence), cloud and other new digital technologies to position themselves in the future 'smart economy'? * Emerging markets will skip over the age of personal computers and leapfrog into an economy which is 'mobile first' then 'digital first'; what lessons can they learn from China's experience in order to build up their own digital ecosystem? * How will China compete with the US for leadership in the next phase of digital innovation? Is it possible for the two centers of excellence to collaborate, or will there be an AI arms race and a fragmented tech world In China's Data Economy, Winston Ma offers investors, governments, entrepreneurs, corporate executives and all players in international business an essential guide to China's new data-driven economy and its profound global implications....Mehr
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