Daniel Zhang, CEO of Alibaba Group, speaks at the sub forum themed "Internet Technology and Standards - Internet of Things Drives Industrial Transformation" in Wuzhen on Friday. [Photo/zjol.com.cn]A new business model can only take shape when the Internet is combined with traditional industries, CEO of Alibaba Group Daniel Zhang at the WIC on Dec 18.
The Internet of things is bringing more innovation opportunities — not only smart products but also new business models, said Zhou Hongyi, chairman of IT company Qihoo 360, during the second World Internet Conference in Wuzhen, Zhejiang province, on Dec 17.
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