Xi's speech shows China bullish on Internet growth: Tonga

Andrew To'imoana

A World Internet Conference guest from Tonga said the most interesting part of President Xi's speech is the bright prospect the country looks forward to in 2020.

In his keynote speech at the opening ceremony of the 2nd World Internet Conference, Xi said that it is estimated that by 2020 broadband in China will basically cover all the villages thanks to the strategy, and more people will have access to the Internet.

"If that’s going to happen, it will be a very unique thing for China to accomplish," said Andrew To'imoana, director for Information Department of Tonga, who is attending the World Internet Conference that is being held in Wuzhen, Zhejiang province.

"It’s very unique for the conference to be held here in Wuzhen. You talk about the technology and advancing stuff, while you see a traditional way of living," he said.

Didi's CEO praises Xi's 'sharing economy' speech

Chen Wei [Photo/IC]

Cheng Wei, chief executive officer of Didi Kuaidi, China's largest car-on-demand service provider, said he is excited to find the term "sharing economy" was mentioned by President Xi Jinping in his keynote speech at the Second World Internet Conference in East China's Wuzhen on Wednesday.

"President Xi said at the opening ceremony that sharing economy and Internet-enabled innovation will be highly supported and promoted," said Cheng.

Cheng said Didi is a typical example of how sharing economy can thrive in China. According to him, the company, which was founded in 2012 with an initial investment of 800,000 yuan ($123,760), has grown into the largest mobile-based transportation platform in the world with an estimated value of 100 billion yuan.

Youku to promote Chinese culture worldwide: CEO

Gu Yongqiang [Photo/IC]

Youku Tudou Inc, the Chinese online streaming site, will take advantage of Internet platform to let people better know Chinese culture by sharing stories filled with happiness and wisdom in China, said its CEO Gu Yongqiang after hearing President Xi Jinping's speech.

Gu said that in response to Xi's statement to "build an online platform to exchange different cultures and promote the exchanges among people around the world" at the Second World Internet Conference in East China's Wuzhen on Wednesday.

Since Internet plays an important role in spreading culture, Youku Tudou Inc will develop more channels to accelerate the spread of online culture and promote the development of human civilization, said Gu.

"In the era of Internet plus full of innovation, I believe we can tell good China stories and our company will become world-class to showcase a more beautiful China," said Gu, "though the company is just 10 years old."

Youku Tudou Inc is investing 10 billion yuan ($1.6 billion) to stream more and better user-generated content over the next three years.