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BUSINESS & TECH

Microsoft, Exxon on Board as Bloomberg Launches New-Economy Forum

Justin Smith, CEO of Bloomberg Media, speaks during the Bloomberg Business of Equality conference in New York on May 8. Photo: VCG
Justin Smith, CEO of Bloomberg Media, speaks during the Bloomberg Business of Equality conference in New York on May 8. Photo: VCG

Financial news and information provider Bloomberg LP will stage a new-economy forum hosted by major CEOs in China this fall, representing the main initiative for its consumer arm in a media market that is at once filled with potential but also tricky due to tight government oversight.

At the same time, Bloomberg Media CEO Justin Smith also told Caixin in an interview that China’s wildly popular WeChat social networking service could provide a model that Western media might try to copy in their search for business models capable of challenging the current dominance of Google and Facebook.

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