Opinion: China Tech Hits Stride, Set for High Gear Next Year
For tech in China, 2017 was a banner year. Not only did key industry leaders unveil groundbreaking initiatives centered on big data, artificial intelligence (AI), and machine learning, but capital markets sounded a roaring approval, sending shares of well-known stocks significantly higher, in some cases more than doubling from the start of the year.
Notable developments from the “BAT” — Baidu Inc., Alibaba Group Holding Ltd., and Tencent Holdings Ltd. — included the launch of an autonomous driving platform from Baidu called Apollo; Alibaba’s further blurring the line between online and offline shopping with the launch of its “New Retail” initiative; and the dominance of Tencent’s WeChat instant messaging app continuing to grow as the total number of users rose to nearly 1 billion, while its online games revenue staged enviable double-digit growth.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas