SHANGHAI :
USD10.7 Billion of Deals Emerge From World Internet Conference, Topping Last Year
Dou Shicong
DATE:  Oct 23 2019
/ SOURCE:  yicai
USD10.7 Billion of Deals Emerge From World Internet Conference, Topping Last Year USD10.7 Billion of Deals Emerge From World Internet Conference, Topping Last Year

(Yicai Global) Oct. 22 -- Business deals worth CNY75.5 billion (USD10.7 billion) were agreed at this year's World Internet Conference in China's Zhejiang province, which ended today. The amount exceeded last year's CNY40.6 billion, according to the event's website.

Some 601 companies from 38 countries and regions, including 107 overseas firms and organizations, attended the five-day Light of the Internet Expo, a key part of the WIC, Gao Xingfu, deputy governor of Zhejiang, said at the closing press conference. That was a 30 percent gain on last year's gathering. Visitor numbers totaled more than 100,000, the highest in the event's six-year history, Gao said.

Some 117 launch events for new products and technologies were held in fields such as artificial intelligence, fifth-generation applications, industrial internet, network security, cloud computing and Big Data. Fifteen world-leading technologies had their global debut, inducing Huawei Technologies' central processing unit Kunpeng 920.

The Digital Economy Industrial Cooperation Conference at the WIC, jointly organized by the Zhejiang government and the China Electronic Technology Group, not only facilitated deals but also hosted a seminar to match capital with projects, a fair to recruit digital economy professionals and 10 special match-making sessions to make full use of the WIC's advantages to spur the real economy.

The WIC, which has been held annually in Wuzhen since 2014, aims to push the development and governance of the global internet industry. Between 2014 and 2018, Zhejiang's digital economy more than doubled to CNY2.3 trillion (USD324.8 billion), or 41.5 percent of the province's gross domestic product, from CNY1.1 trillion, or 27.3 percent of its GDP.

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Keywords:   World Internet Conference,Wuzhen