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Wuzhen, home of World Internet Conference/Summit

--As there are no shortcuts to achieving success in the high-tech sector, authorities should continue to encourage investment in research and development as well as innovation, Li said.

wholly agree.
 
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Wuzhen gets upgraded for WIC
2016-11-11Source: ezhejiang.gov.cn

Wuzhen, the permanent site for the World Internet Conference (WIC), is getting upgraded again for this year's big event which is scheduled from Nov 16 to 18.

The technical intelligence of this ancient town is evident in the application of the Internet to all sectors of its daily life.

For example, a newly-built indoor garage near the gate of Xizha scenery zone has aroused visitors' high praise.

A smart parking system developed by HIKVISION is applied at the garage. Drivers are able to see clearly how much parking space is available from a big screen with real-time numbers.

With the help of smart displayers and the parking system, parkers drive into the interaction area to get codes for car selection. Robots then transport the cars to designated parking places. Code scanning triggers robots to bring the cars back to their owners on demand.

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A driver proceeds to the interaction area with the guidance of the parking system. [Photo/HIKVISION WeChat]

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A robot platform then transports the car to the arranged parking slot. [Photo/ HIKVISION WeChat]

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When the driver scans a code, the robot is triggered to transport the car back to the interaction area. [Photo/ HIKVISION WeChat]

Meanwhile, Wuzhen has been informationalized by setting 3,000 keepers to look around the area. The Wuzhen keepers are mainly members of the general public. They collect all kinds of information and submit it through WeChat for timely solutions.

New-energy cars can be rented through Apps on the phone in Wuzhen, and even plants are better taken care of: they are maintained through a smart monitoring system. GPS is also installed on sightseeing vehicles and boats in the scenic area to make Wuzhen as smart for tourists as it is for locals.

The 3rd WIC attendees to enjoy ‘turbo Wi-Fi’ in Wuzhen
2016-11-12Source: ezhejiang.gov.cn

It is now less than one week until representatives from the world's biggest tech companies arrive in Wuzhen for the 3rd World Internet Conference, and the ancient water town in Zhejiang province has stepped up its preparations by ensuring all conference delegates enjoy superfast Internet connections during their stay.

Wuzhen's Internet network is run by China Telecom, one of China's three main State-owned telecommunications operators, and the company has gone to great lengths to make sure the town enjoys world-class Internet coverage throughout the conference.

China Telecom has set aside a significant budget this year to further improve the telecommunications network in Wuzhen, which already benefitted from an advanced Wi-Fi, 4G and optical network built for the previous two conferences in 2014 and 2015.

Everywhere in the Xizha scenic area, where the WIC will take place, is covered by free Wi-Fi, enabling delegates, residents and tourists to get online anytime using the "i-zhejiang-awifi" network.

One female tourist from Hangzhou said the free Wi-Fi is even faster than her connection at home, and the strong signal makes it possible to social network sites within seconds.

Average download speeds for 4G in Tongxiang, the city where Wuzhen is located, and the city's high-speed railways and main traffic lines now exceeds 50 megabytes per second.

A 240 Mbps 4G+ service has also been installed in Xizha scenic area, giving visitors access to superfast mobile Internet.

China Telecom has also strengthened cybersecurity measures ahead of this year's WIC. The company has established a support team of more than 500 experts to ensure the network and information security during the conference.

A strong defense system will be used to fight against any attacks on the WIC website and its associated online platforms.

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Engineers from China Telecom check the network status in Wuzhen to ensure the town enjoys safe and stable Internet access during the 3rd WIC.[Photo/zjol.com.cn]
This can really minimise terrible accidents in the parking lot.

And how about this?
 
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Baidu unveils self-driving truck with Foton
By Liu Zheng in Wuzhen | chinadaily.com.cn | Updated: 2016-11-16 10:15
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Baidu worked with Foton Motor Group to unveil a driverless truck. [Photo provided to chinadaily.com.cn]

Autonomous commercial vehicles may overtake traditional cars in the near future.

"The mass deployment and implementation of driverless commercial cars may witness a boom as strong demand is projected for non-price sensitive buyers, usually company buyers," said Gu Weihao, general manager of Baidu Intelligent Vehicle, known as the L3 Division of the internet company.

Established in September at the Baidu World Conference 2016, the L3 Division aims to help automakers in automating and upgrading their products for autonomous implementations.

Gu said that although the country's development of self-driving commercial vehicles lagged behind other countries, the market scale has huge potential.

According to Gu, driverless commercial cars have many advantages, such as higher safety, energy savings, management and operation cost savings.

The company recently jointly worked with Foton Motor Group to unveil a driverless truck, which uses the latest connected-cars technologies developed by the two companies.

Named as "super truck", the car is powered by both Baidu's limited self-driving automation and Foton's driverless technologies and big data of commercial vehicles.

The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) defined vehicle automation into five levels, the higher the level the more automated the vehicle is.

L3, or Level 3, refers to the Limited Self-Driving Automation, which is expected to be available for occasional control, but with sufficiently comfortable transition time.

Vehicles with level 4 in automation may be referred to autonomous vehicles.

According to the NHTSA's standard, both occupied and unoccupied vehicles who are qualified for L4 or Full Self-Driving Automation, are designed to perform all safety-critical driving functions and monitor roadway conditions without human control for an entire trip.

The latest generation Google car and Baidu's newly tested driverless vehicles are examples of the L4 cars.

Baidu has gradually become a software solution provider for both auto manufacturers and semiconductor makers in the industry.

The statistics polymerized by Baidu's Learning Map platform and in-car telematics and entertaining applications, such as CarLife and CoDriver, will help drivers have a safer, more convenient and more cost-effective driving experience.

Currently, there are overall more than 60 automobile manufactures working closely with Baidu to hit the market and more than 150 cars are fitted with the firm's intelligent vehicle software.

"We'll further collaborate with commercial vehicle OEMs to develop self-driving solutions and build typical application scenarios," said Gu. "On the other hand, being one of pioneers in the industry, we'd like to introduce more self-driving technology providers to participate and grab a piece of the market share."

During the ongoing 3rd World Internet Conference in Wuzhen, Baidu showcased the L4 driverless cars developed by its autonomous driving arm and automakers of Chery, BYD and Shou Qi Group.

Wang Jin, senior vice-president of Baidu and general manager of the company's Autonomous Driving Unit, said the cameras on the vehicles have an accuracy of 90.13 percent to judge objects, the highest level in the world.

For judgment of pedestrians the accuracy level reaches 95 percent and for traffic lights it is 99.9 percent. But the accuracy still needs to improve, Wang added.

In the third quarter, Baidu set up two funds, Baidu Venture and Baidu Capital, to invest in projects in artificial intelligence (AI) and other internet sub-sectors.

Li Yanhong, known as Robin Li, the CEO of the company said that Baidu would offer more artificial-intelligence-based innovative products such as a Siri-like smart secretary and driverless cars for further expansion.

The company's US subsidiary has been lately issued a permit to test self-drive vehicles in California.

Since it joined the race with Google and Tesla Motors for R&D on autonomous cars in 2013, Baidu's driverless car has already completed trail runs in mixed road conditions.

More road tests in various weather, road and traffic conditions will be conducted in 10 cities across the country.

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What did the big names say during the 3rd WIC?

China Daily, November 18, 2016



Jack Ma, chairman of Alibaba Group, delivers a speech during the opening ceremony of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Xinhua]


Jack Ma: The next three decades belong to people who can ‘make good use of the internet technology'

Jack Ma, chairman of Alibaba Group Holding Ltd, said in his speech at the opening ceremony of the third World Internet Conference (WIC) Wednesday that in the future, data will be the means of production and computing is productivity.

"The next three decades are the most critical years that should be seized by people. As new technologies will be integrated into every aspect of traditional industries, wherever you are, and whoever you are, every one of us will be a part of this great change," Ma said.

He said the next three decades will not be dominated by internet companies, but by enterprises, countries and young people that can "make good use of the internet technology.

"Only by making internet technology and resources available to everyone, we can make benefit significantly to human welfare."



Robin Li, chairman and CEO of Baidu, delivers a speech at the Internet+ Forum of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 17, 2016. [CRI]

Robin Li: The era of mobile internet has ended and AI is the new opportunity

Robin Li, chairman and CEO of Baidu Inc, delivered a speech at the plenary session of the third WIC Wednesday, saying it is no longer possible for a unicorn to appear in mobile internet market.

"As the penetration rate of internet has exceeded 50 percent, the market's development has entered a relative stable stage," Li said.

Li, mentioning artificial intelligence (AI)'s application in Baidu's driverless vehicle, internet of things (IoT), and automatic translation service, said he is excited every time when he thinks about the possibilities that AI may bring to everyone, every industry and every country.

"The era of AI will bring great changes, which means we need to re-imagine everything, every industry and every market," he said.



Pony Ma, chairman and CEO of Tencent, attends the 2016 China Unicom Partners Conference in Qingdao, East China´s Shandong province, Nov 3, 2016. [Zjol.com.cn]

Pony Ma: Internet companies should further cultivate Chinese market

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said to media during the third WIC that Chinese internet industry's development has distinct Chinese characteristics.

"In the long march to build China into an internet power, Chinese internet companies should not just be a spectator but have the responsibility to contribute their powers," he said.

"There are many Chinese mobile internet products and services leading in the world. As recent media reports, even Silicon Valley has begun to learn from innovations in Chinese internet."

Ma said Chinese market is large and deep enough for internet companies to focus on and he is confident that Chinese companies are competitive players in international mobile internet market.



Lei Jun at the 3rd World Internet Conference [Xinhua]

Lei Jun: AI will be the next technological tipping point of internet economy

Lei Jun, founder and CEO of Xiaomi Corp, has predicted that artificial intelligence (AI) will be the next technological turning point of the internet economy.

"AI is leading innovations in a variety of fields and all directions. One or two years later, there will be successful AI products emerging in the Chinese market," he said.

Speaking at the third World Internet Conference, Lei said smartphones would need to integrate a large number of AI technologies.

"The smartphone is a high tech product, which is why there are only a few companies in the world that can do well making smartphones," he said.

Lei said China's internet development had been world-class and it was now leading the world in many fields, especially in mobile internet innovation.



Zhou Hongyi at the 3rd World Internet Conference [Xinhua]

Zhou Hongyi: Cybersecurity will become an important support for building a community of common future in cyberspace

Zhou Hongyi, chairman and CEO of Qihoo 360 Technology Co, said to media during the third WIC Wednesday that with the popularity of internet of things (IoT) and internet of everything, internet has become the basis of the whole social operation.

"Paying no attention to the cybersecurity in the era of internet of everything means not only the key infrastructures even social management, business operations and urban operations will suffer catastrophic consequences," Zhou said.

He said internet attacks in the era of IoT, whether in the degree or scope of damage, can be bigger. "As IoT connect internet, virtual and real world together, the original virtual attack on internet will cause real damage in the physical world."

Zhou said no countries can be a spectator or survivor in front of internet attacks and everyone is a victim. "Cybersecurity will become an important support for building a community of common future in cyberspace."



Victor Koo [Zjol.com.cn]

Victor Koo: The next decade is the golden age of entertainment industry

Victor Koo, chairman of Alibaba Digital Media and Entertainment Strategy and Investment Committee, said to media at the sideline of the third WIC that the next decade is the golden age of entertainment industry, in which content and users will see revolutionary changes.

"As the third decade of internet is kicking off, I have to take the initiative to change and begin the layout one or two years ahead of the change," he said.

He said disputes and mergence among internet companies are inevitable for some time.



Zhang Chaoyang [Xinhua]

Zhang Chaoyang: Social networking and AI will be the future

Zhang Chaoyang, chairman and CEO of Sohu.com, said at the sideline of the Third WIC that great changes have happened to the internet industry in recent years, of which the biggest is the emergence of the mobile internet.

He said social networking and artificial intelligence will be the future for his company.

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Guo Taiming [File photo]

Guo Taiming: Internet can empower manufacturing giants

Guo Taiming, also known as Terry Gou, president of Taiwan's Hon Hai Group, which trades as electronics manufacturer Foxconn, said to media at the sideline of the Third WIC that manufacturing giants with internet technologies have more advantages than internet companies without manufacturing experience.

He said internet technologies can help established industry's giants to double their growth, but it is difficult for an internet company having no experience to find feet in the manufacturing industry

***

Amazingly pragmatically, China's scientific and long-memory historical-conscious government protected its nascent internet and tech industry from foreign competition at the beginning of internet development in China.

This enables us today to talk about the BIG names of the internet. And they all hail from the Greater China.

This is very different from a brand of people who proud themselves of being able to us (in English!!) foreign internet and mobile company products.
 
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No bigshot from SMIC? I have to say I have been left rather sourly disappointed.:cry::D
 
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Ha ha.

Everyone is pushing their own agenda and strengths.

I can't blame them, they are the chief salesmen of their companies.

So, just read with an open mind.

However, they have my admiration and respect for growing their companies and industry so rapidly to become giants in Greater China (and the world). This is a great achievement.
 
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President Xi also spoke to the conference via video. Although his speech is just 2 minutes long, the President gives important clues to the development of a global internet governance and China's way of contribution to it.

Can watch here:

http://china.org.cn/video/2016-11/16/content_39716144.htm

@ahojunk , perhaps this thread can be merged with @long_ 's since his thread predates this one almost a week.

Regards.
 
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The same speech but the following is from youtube.

It has English subtitles.


President Xi Jinping delivers a speech via video at the opening ceremony of the 3rd WIC
CCTV News
88,000

645 views

Published on 15 Nov 2016

President Xi Jinping on Wednesday delivered a speech via video at the opening ceremony of the 3rd World Internet Conference in Wuzhen, east China’s Zhejiang Province. China will work with the international community to ensure the common well-being of humanity, uphold cyber sovereignty, promote more fair and equitable global Internet governance and bring about an open, inclusive and secure cyberspace that features equality, mutual respect, innovation and orderly development, said Xi.
 
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What did the big names say during the 3rd WIC?
2016-11-18Source: chinadaily.com.cn

Jack Ma: The next three decades belong to people who can ‘make good use of the internet technology'

1479433670648093310.jpg


Jack Ma, chairman of Alibaba Group, delivers a speech during the opening ceremony of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Photo/IC]

Jack Ma, chairman of Alibaba Group Holding Ltd, said in his speech at the opening ceremony of the third World Internet Conference (WIC) Wednesday that in the future, data will be the means of production and computing is productivity.

"The next three decades are the most critical years that should be seized by people. As new technologies will be integrated into every aspect of traditional industries, wherever you are, and whoever you are, every one of us will be a part of this great change," Ma said.

He said the next three decades will not be dominated by internet companies, but by enterprises, countries and young people that can "make good use of the internet technology.

"Only by making internet technology and resources available to everyone, we can make benefit significantly to human welfare."

Robin Li: The era of mobile internet has ended and AI is the new opportunity

1479433933010049834.jpg


Robin Li, chairman and CEO of Baidu, delivers a speech at the Internet+ Forum of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 17, 2016. [Photo/IC]

Robin Li, chairman and CEO of Baidu Inc, delivered a speech at the plenary session of the third WIC Wednesday, saying it is no longer possible for a unicorn to appear in mobile internet market.

"As the penetration rate of internet has exceeded 50 percent, the market's development has entered a relative stable stage," Li said.

Li, mentioning artificial intelligence (AI)'s application in Baidu's driverless vehicle, internet of things (IoT), and automatic translation service, said he is excited every time when he thinks about the possibilities that AI may bring to everyone, every industry and every country.

"The era of AI will bring great changes, which means we need to re-imagine everything, every industry and every market," he said.

Pony Ma: Internet companies should further cultivate Chinese market

1479434079403098322.jpg


Pony Ma, chairman and CEO of Tencent, attends the 2016 China Unicom Partners Conference in Qingdao, East China's Shandong province, Nov 3, 2016. [Photo/IC]

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said to media during the third WIC that Chinese internet industry's development has distinct Chinese characteristics.

"In the long march to build China into an internet power, Chinese internet companies should not just be a spectator but have the responsibility to contribute their powers," he said.

"There are many Chinese mobile internet products and services leading in the world. As recent media reports, even Silicon Valley has begun to learn from innovations in Chinese internet."

Ma said Chinese market is large and deep enough for internet companies to focus on and he is confident that Chinese companies are competitive players in international mobile internet market.

Lei Jun: AI will be the next technological tipping point of internet economy

1479434150643095044.jpg


Lei Jun, founder and CEO of Xiaomi Corp, is interviewed before the opening ceremony of the 3rd World Internet Conference (WIC) at the Wuzhen Internet International Convention Center in Wuzhen, East China's Zhejiang province, on November 16, 2016. [Photo/IC]

Lei Jun, founder and CEO of Xiaomi Corp, has predicted that artificial intelligence (AI) will be the next technological turning point of the internet economy.

"AI is leading innovations in a variety of fields and all directions. One or two years later, there will be successful AI products emerging in the Chinese market," he said.

Speaking at the third World Internet Conference, Lei said smartphones would need to integrate a large number of AI technologies.

"The smartphone is a high tech product, which is why there are only a few companies in the world that can do well making smartphones," he said.

Lei said China's internet development had been world-class and it was now leading the world in many fields, especially in mobile internet innovation.

Zhou Hongyi: Cybersecurity will become an important support for building a community of common future in cyberspace

1479434196468063476.jpg


Zhou Hongyi, chairman and CEO of Qihoo 360 Technology, is interviewed before the opening ceremony of the third World Internet Conference (WIC), in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Photo/IC]

Zhou Hongyi, chairman and CEO of Qihoo 360 Technology Co, said to media during the third WIC Wednesday that with the popularity of internet of things (IoT) and internet of everything, internet has become the basis of the whole social operation.

"Paying no attention to the cybersecurity in the era of internet of everything means not only the key infrastructures even social management, business operations and urban operations will suffer catastrophic consequences," Zhou said.

He said internet attacks in the era of IoT, whether in the degree or scope of damage, can be bigger. "As IoT connect internet, virtual and real world together, the original virtual attack on internet will cause real damage in the physical world."

Zhou said no countries can be a spectator or survivor in front of internet attacks and everyone is a victim. "Cybersecurity will become an important support for building a community of common future in cyberspace."

Victor Koo: The next decade is the golden age of entertainment industry

1479434241513066692.jpg


Victor Koo, chairman of Alibaba Digital Media and Entertainment Strategy and Investment Committee, is interviewed before the opening ceremony of the third World Internet Conference (WIC), in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Photo/IC]

Victor Koo, chairman of Alibaba Digital Media and Entertainment Strategy and Investment Committee, said to media at the sideline of the third WIC that the next decade is the golden age of entertainment industry, in which content and users will see revolutionary changes.

"As the third decade of internet is kicking off, I have to take the initiative to change and begin the layout one or two years ahead of the change," he said.

He said disputes and mergence among internet companies are inevitable for some time.

Zhang Chaoyang: Social networking and AI will be the future

1479434293149020758.jpg


Zhang Chaoyang, chairman and CEO of Sohu.com, is interviewed before the opening ceremony of the third World Internet Conference (WIC), in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Photo/IC]

Zhang Chaoyang, chairman and CEO of Sohu.com, said at the sideline of the Third WIC that great changes have happened to the internet industry in recent years, of which the biggest is the emergence of the mobile internet.

He said social networking and artificial intelligence will be the future for his company.

Guo Taiming: Internet can empower manufacturing giants

1479434346777029357.jpg


Guo Taiming, president of Taiwan's Hon Hai Group, delivers a speech at the Digital Economy Forum: Dialogue between Chinese and Foreign Officials and Entrepreneurs, of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 17, 2016. [Photo/IC]

Guo Taiming, also known as Terry Gou, president of Taiwan's Hon Hai Group, which trades as electronics manufacturer Foxconn, said to media at the sideline of the Third WIC that manufacturing giants with internet technologies have more advantages than internet companies without manufacturing experience.

He said internet technologies can help established industry's giants to double their growth, but it is difficult for an internet company having no experience to find feet in the manufacturing industry.
 
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Wuzhen homestay hotel welcomes special guests
2016-11-17Source: chinadaily.com.cn


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A homestay hotel in Wuzhen's Xizha Scenic Area hosted a rather special group of diners on Wednesday night: the CEOs of some of China's biggest Internet companies![Photo/Qianjiang Evening News]

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Yu Chengdong, CEO of Huawei Device, with the company's Mate 9 smartphone, take photos of the CEOs after the diner. [Photo/Qianjiang Evening News]

A homestay hotel in Wuzhen's Xizha Scenic Area hosted a rather special group of diners on Wednesday night: the CEOs of some of China's biggest Internet companies!

The dinner was organized by Ding Lei, the founder of the huge Chinese tech firm NetEase, and he invited a number of high-powered friends including the CEO of Lenovo Yang Yuanqing, Xiaomi chief Leijun, and Cao Guowei, the CEO of Chinese online media giant Sina.

The group, who are all in Wuzhen to attend the 3rdWorld Internet Conference, put on quite a party, and they posted a lot of photos of the dinner online. This included one taken by Yu Chengdong, CEO of Huawei Device, with the company's Mate 9 smartphone.
 
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Baidu unveils self-driving truck with Foton
By Liu Zheng in Wuzhen | chinadaily.com.cn | Updated: 2016-11-16 10:15
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w_art.gif
in_art.gif
more_art.gif


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Baidu worked with Foton Motor Group to unveil a driverless truck. [Photo provided to chinadaily.com.cn]

Autonomous commercial vehicles may overtake traditional cars in the near future.

"The mass deployment and implementation of driverless commercial cars may witness a boom as strong demand is projected for non-price sensitive buyers, usually company buyers," said Gu Weihao, general manager of Baidu Intelligent Vehicle, known as the L3 Division of the internet company.

Established in September at the Baidu World Conference 2016, the L3 Division aims to help automakers in automating and upgrading their products for autonomous implementations.

Gu said that although the country's development of self-driving commercial vehicles lagged behind other countries, the market scale has huge potential.

According to Gu, driverless commercial cars have many advantages, such as higher safety, energy savings, management and operation cost savings.

The company recently jointly worked with Foton Motor Group to unveil a driverless truck, which uses the latest connected-cars technologies developed by the two companies.

Named as "super truck", the car is powered by both Baidu's limited self-driving automation and Foton's driverless technologies and big data of commercial vehicles.

The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) defined vehicle automation into five levels, the higher the level the more automated the vehicle is.

L3, or Level 3, refers to the Limited Self-Driving Automation, which is expected to be available for occasional control, but with sufficiently comfortable transition time.

Vehicles with level 4 in automation may be referred to autonomous vehicles.

According to the NHTSA's standard, both occupied and unoccupied vehicles who are qualified for L4 or Full Self-Driving Automation, are designed to perform all safety-critical driving functions and monitor roadway conditions without human control for an entire trip.

The latest generation Google car and Baidu's newly tested driverless vehicles are examples of the L4 cars.

Baidu has gradually become a software solution provider for both auto manufacturers and semiconductor makers in the industry.

The statistics polymerized by Baidu's Learning Map platform and in-car telematics and entertaining applications, such as CarLife and CoDriver, will help drivers have a safer, more convenient and more cost-effective driving experience.

Currently, there are overall more than 60 automobile manufactures working closely with Baidu to hit the market and more than 150 cars are fitted with the firm's intelligent vehicle software.

"We'll further collaborate with commercial vehicle OEMs to develop self-driving solutions and build typical application scenarios," said Gu. "On the other hand, being one of pioneers in the industry, we'd like to introduce more self-driving technology providers to participate and grab a piece of the market share."

During the ongoing 3rd World Internet Conference in Wuzhen, Baidu showcased the L4 driverless cars developed by its autonomous driving arm and automakers of Chery, BYD and Shou Qi Group.

Wang Jin, senior vice-president of Baidu and general manager of the company's Autonomous Driving Unit, said the cameras on the vehicles have an accuracy of 90.13 percent to judge objects, the highest level in the world.

For judgment of pedestrians the accuracy level reaches 95 percent and for traffic lights it is 99.9 percent. But the accuracy still needs to improve, Wang added.

In the third quarter, Baidu set up two funds, Baidu Venture and Baidu Capital, to invest in projects in artificial intelligence (AI) and other internet sub-sectors.

Li Yanhong, known as Robin Li, the CEO of the company said that Baidu would offer more artificial-intelligence-based innovative products such as a Siri-like smart secretary and driverless cars for further expansion.

The company's US subsidiary has been lately issued a permit to test self-drive vehicles in California.

Since it joined the race with Google and Tesla Motors for R&D on autonomous cars in 2013, Baidu's driverless car has already completed trail runs in mixed road conditions.

More road tests in various weather, road and traffic conditions will be conducted in 10 cities across the country.

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lol, the market share of amazon.cn is really abysmal.
But they do have quite quick delivery, same-day in Wuhan.
 
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The reason why Amazon.cn is small is because they are partnering with JD.com.

"Walmart sells Yihaodian, its Chinese e-commerce marketplace, to Alibaba rival JD.com"
Posted Jun 20, 2016 | Jon Russell

Walmart is partnering with China’s second largest e-commerce firm, JD.com, as it aims to take a larger bite out of the world’s most populous country.

In a wide-ranging alliance announced Monday, the U.S. retail giant said it has sold Yihaodian, its online commerce marketplace, to JD.com. Walmart will retain the Yihaodian direct sales business, but rather than operate its own online store entirely, it will become a retailer inside Yihaodian. It is also bringing its Sam’s Club membership service to JD.com, while Walmart’s physical stores will be listed on JD.com’s O2O JV Dada delivery platform.

On the financial side of things, Walmart is buying a five-percent stake in NASDAQ-listed JD.com, which is slowly increasing its marketshare and closing the gap on Alibaba. That investment is worth around $1.5 billion right now based on JD.com’s share price.

Walmart first invested in Yihaodian, which specializes in grocery and items focused on affluent female consumers — in 2011 and it bought the B2C service its entirety last summer: so why is it cutting a deal to get out of the business less than a year later?

The U.S. giant seems to have fully realized that the Chinese market is dominated by two major players, and it is seriously cutthroat.

Data from iResearch suggests that Yihaodian accounts for less than two percent of China’s e-commerce spending — Alibaba and JD.com are collectively over 80 percent — although Walmart claims the service is strongest in eastern and southern China. Based on that, it makes sense to lean on JD.com as the distribution partner to help grow its business in China.

The Wall Street Journal reported that one-third of the $482.1 billion in annual sales that Walmart makes outside the U.S. market comes from China, so the country is clearly still hugely important. It’ll certainly be interesting to see how it fares with JD.com, which differentiates itself from Alibaba by owning its own logistics and specializing in fast delivery and fresh goods.

It isn’t uncommon to see e-commerce players sell on rival platforms. Amazon opened a store on Alibaba’s Taobao mall last year, for example.

“JD.com shares similar values in making the lives of customers better. It also has a very complementary business and is an ideal partner that will help us offer compelling new experiences that can reach significantly more customers,” Doug McMillon, president and CEO of Walmart, said in a statement.
 
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