Business Chief APAC+ANZ Magazine July 2018 | Page 60

THE INTERNET RULES
CITY FOCUS
60

T he lively Chinese capital of Beijing juxtaposes the ancient and ultramodern as evident from the combination of beautiful architecture and the pervasiveness of technology . The spirit of discovery and being at the centre of development create a climate conducive to experimentation and directed toward success . Technology , and in particular the development of artificial intelligence ( AI ), exists throughout all levels of life and commerce in Beijing and has a very real effect on daily life in the city .

The modern Chinese capital is the centre of all transportation networks for the country as well as being the global power ’ s business hub and educational centre . Beijing is also home to most of
China ’ s largest state-owned companies and foreign commerce . Around 25mn people currently live in Beijing and the historically significant city is now very much grounded in the present , and has proved a quick adapter to cutting-edge technology , huge proportions of which are created by its own scientists , mathematicians and engineers .
THE INTERNET RULES
By August 2017 , there were 873mn subscribers to China Mobile Communications , the world ’ s largest mobile phone operator which is headquartered in Bei-
JULY 2018