Zhou Hongyi, chief executive officer of Qihoo 360 Technology Co Ltd, speaks at a forum on building a community of common future in cyberspace during the 2015 World Internet Conference in Wuzhen, East China's Zhejiang Province, Dec 17, 2015. [Photo/IC]

Zhou Hongyi, chief executive officer of Qihoo 360 Technology Co Ltd, said that by connecting more than 1 billion people via smartphones, many innovative business models have been mushrooming and drastically changing people's lives in China.

"But in the future — be it cars or wearable devices — all things can be connected to each other via the Internet. The more people we have, the more devices can be connected to the Internet, and the stronger and more powerful our Internet industry will be," he said.