(HK) Dr. Lawrence Wong spoke at HKICPA seminar about Digital Convergent Market

Dr. Lawrence Wong was invited to speak at the seminar “Digital Convergent Market – Cross Industry Growth Opportunities for Chinese Enterprises” held by HKICPA on 6 July, 2016.

 

Highlights

Digitalization is changing the compositions of the market resources all over the world, reducing market barriers, simplifying intermediate links, remodeling industry boundaries and market patterns, as well as promoting cross-industry competitions and cooperation. With the popularity of the mobile internet and smartphones, China has the largest population in digital market. Currently, there are 4 digital convergent markets clearly arising in China and mainly in the field of consumer markets. They are “Shopping”, “Payment”, “Audio-Visual” and “Travelling”, which all bring tremendous opportunities for new entrants to create cross-border competitions to win over traditional enterprises. In this seminar, the speaker will share his views on the characteristics of the 4 digital convergent markets in China, strategies of traditional and new/ cross-industry enterprises to deal with these severe competitions, and future development trend of the digital convergent markets.

Objectives:

• Understand the 4 digital convergent markets in China and how they affect our daily lives

• Understand how new entrants create challenges to traditional enterprises through cross-border competition strategies