Executives share views on China's Web future

Shen Ya, CEO of vip.com.[file photo]

A1 As the Chinese economy has entered its new normal phase, the government has lifted its Internet Plus concept to a national policy, encouraging grassroots entrepreneurship and innovation.

Innovation-driven development and expanding the space of the network economy have been listed as a key direction during the 13th Five-Year Plan (2016-20) to promote the integrated development of the Internet, economy and society. This is good news for vip.com, an innovative e-commerce enterprise which relies on Internet Plus.

A2 Opportunities: I always believe that innovation is the main theme of the Internet industry and the core competence of Internet enterprises' long-term development. We should not only continue to innovate in the technology area, but also have an open mind in business model and organizational management.

Challenges: When the Internet economy takes a greater proportion of national economic development, network security also plays an increasingly role.

What we need do is to pay attention to network security and improve the defense ability of network security using core technology, talent cultivation, management coordination and improvement of related law knowledge.

A3 Financial services. In 2015, the Internet consumer finance market is in a new node. In an era of the experience economy, businesses make use of Internet technology to co-create an experiential earning model with specific consumers at a specific time, place and situation, so the consumer finance field will be a "blue sea" that Internet finance enterprise can dive into.

A4 The Internet Plus and innovation strategies launched by the government have provided e-commerce companies with a historic opportunity of going global and connecting with international supply chains. That is, overseas goods of high quality could be introduced into China through cross-border e-commerce platforms, and excellent Chinese brands and products could be taken to the world.

A5 Stay low-profile and do solid work. There is no shortcut for entrepreneurship, all you can do is to hold on until the end.