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Coming out tops in China's digital economy

Published Sun, Jul 19, 2015 · 09:50 PM

IN the face of intensifying competition, Singapore companies now need to make digital strategies their priority if they want to grow in China. There are two facets to Chinese Premier Li Keqiang's "Internet Plus" strategy - one focusing on internet-powered firms, the other on applying technology to traditional sectors. This strategy will have a long-term impact on China's economic transformation.

Disruptions are changing the business landscape

As the Internet creates markets for digital goods and services, it also causes massive "creative destruction", changing how businesses are conducted. As technology cycles shorten, disruptions will become more prevalent.

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