Highlights of East Tech West 2020

18 November 2020, WED View in Browser | Forward to a Friend Back for its third edition, East Tech West 2020 focused on the new opportunities designed to help businesses navigate the rapidly evolving tech landscape, and also ways to succeed in the new world. With the increasing need to respond and transform, we heard from pioneers of the digital economy, rising stars and tech giants sharing their immediate response, while chartering a course towards a better future. Here are just some of the highlights.  Ant Group is still capable of securing the world's biggest IPO, says Chinese investor The vice president of Fosun Technology and Financial Group, Liu Qiang, told CNBC that Ant Group's underlying technology and expansive ecosystem remains a strong investment proposition. BNP Paribas says 2 things must happen for the yuan to go global China's push to internationalize the yuan will be driven by two things — funds flowing into the country and a relaxation of rules that restrict the currency from moving abroad, according to CG Lai, CEO of BNP Paribas China. Tech investments in China are focused on 3 trends, says venture capital firm Tech investments in China are headed into three broad areas, Hongye Wang, a partner at Antler, said at CNBC's annual East Tech West conference in the Nansha district of Guangzhou, China. Chinese shoppers are willing to spend more money, says CEO of Alibaba's InTime department store chain China's consumers want to spend more money but they have cut down the time spent on the shopping journey, Chen Xiaodong, CEO of Alibaba-owned InTime said. Don't expect business travel to bounce back anytime soon, start-up founders say While the travel industry is predicted to take several years to recover, PKFare's Jason Song, founder and president, said the process of digitization for the travel industry will be sped up SOME OF THE MEMORABLE MOMENTS FROM 2020: For more news from East Tech West 2020, please click here Terms Privacy Policy Unsubscribe Advertise with us