China News Service, Hong Kong, March 27 (Reporter Dai Xiaolu) The Fortune Innovation Forum will be held in Hong Kong for two consecutive days starting from the 27th. The forum focused on future financial development, with participants sharing insights on topics such as artificial intelligence and global economic changes, as well as investment opportunities in Asia.
It is understood that the forum was organized by the business magazine "Fortune" and supported by the Hong Kong Tourism Board. It brought together Chen Yiting, CEO of Hong Kong Exchanges and Clearing Limited ("HKEx") and President and CEO of Walmart's international business. Kathryn McLay and many other business executives, investors and experts from different countries and regions.
"I'm excited about the changes brought about by generative artificial intelligence (AI)." Kathryn McLay said that in the past 10 years, AI has become the lifeblood of determining the development direction of many companies. For Walmart, AI can help it better predict customers. preferences.
Kathryn McLay mentioned that different market environments determine the service model of AI, and its business in China is the most digitalized. For example, in 2019, more than 95% of transactions were completed in-store; now, 48% of transactions are conducted digitally, which has also allowed Walmart to continuously change the way it operates in the Chinese market over the past few years.
Zhou Wei, founding managing partner of Creation Partners Capital, is concerned about the impact of AI on the venture capital industry. He said that early venture capital investment focused on technology, and now more companies are turning to the research and development of robots and other AI products. He believes that as AI flourishes, investment fit becomes more and more important, and entrepreneurs should pay more attention to user experience.
At the forum, participants also shared their views on the development of the Hong Kong market. Chen Yiting said that in the past few years, the global and Hong Kong capital markets have faced many challenges. But in the long run, as the "super connector" connecting the mainland and the world, the Hong Kong market contains opportunities. She mentioned that Hong Kong has signed a number of memorandums of understanding with exchanges in Southeast Asia and the Middle East. The Hong Kong Exchange is ready and hopes to seize opportunities in time when the market improves. (over)