Quotable quotes from the 1st Digital China Summit

With the theme "Let Informatization Drive Modernization, Speed Up the Construction of Digital China", the first Digital China Summit ran from April 22 to 24 in Fuzhou, East China's Fujian province.

Let's take a look at what business leaders said at the summit.

Ma Yun

The standard by which to judge a big company is not how large its market share is, but how many key technologies it obtains. Developing key technologies is an unshirkable responsibility for big companies. It is not nearly enough to have internet companies such as Baidu, Alibaba, and Tencent - or BAT, as they are collectively known. China needs a large number of big and super companies that surpass BAT, with key technologies to make the country great.

China also needs a digital economy law as an upgrade of e-commerce law, which is under discussion. The direct result of the internet of things is a data explosion, so we are in great need of a digital economy law to not only monitor but also provide guidance for development of a digital economy with global vision. This is not merely an institutional innovation of digital economy, but also China's contribution and responsibility to the world economy.