November 14, 2017: A Dialogue with CEO of Ali Zhang Yong, President of the Pangoal Institution Yi Peng was invited to attend the
November 14, 2017: A Dialogue with CEO of Ali Zhang Yong, President of the Pangoal Institution Yi Peng was invited to attend the

On November 14th , Ali Research Institute and Guanghua School of Management of Peking University held the thought forum of "See China - Double 11 · New Economy ·Great Future". Yi Peng, president of the Pangoal Institution was invited to attend the night session and had an in-depth dialogue with Zhang Yong, CEO of Alibaba Group, Liu Qiao, Dean of Guanghua School of Management of Peking University and Wang Weidong, Vice Mayor of Heze City.

The dialogue was hosted by China Oriental TV host Ye Rong. President Yi Peng briefly introduced the Pangoal Institution. He said the double 11 Shopping Festival is manifestation of one feature of people’s yearning for a better life, that is simplicity is truth. In the case of a substantial increase in sales, the entire society, enterprises and the media are not as pressured as before. This shows that after several years of development in e-commerce, the social infrastructure capability especially the supply of e-commerce infrastructure has been greatly improved. Society’s acceptance of e-commerce as a whole has also risen dramatically. From this point of view, we can also see that China's investment in infrastructure, especially in the new economy, has effectively promoted the development of China's economy and the progress of Chinese technology, which is also conducive to the development of world economy. So from this point of view, e-commerce double 11 Shopping Festival made a positive exploration and served as a sample.

Subsequently President Yi Peng raised two questions for CEO of Ali Zhang Yong and Dean of Guanghua School of Management of Peking University Liu Qiao. First, due to advances in Internet technology and new economic growth, the clustering effect brought by the Matthew Effect may further increase regional differentiation and imbalance. What are the ideas and solutions for Alibaba as the representative of China's new economy? Second, as new technology and new economy is developing rapidly, it  will far exceed the policy changes. Think tanks are important to promote the policy with the times. As Ali Institute is a good corporate think tank, Guanghua School of Peking University is a great representative of university think tanks, what kind of role do they think think tanks will play in the development of new economy and even in the development of world economy and in global governance?

Zhang Yong said that this double 11 Shopping Festival has involved consumers of more than 200 countries and regions, so from the consumer point of view, double 11 is widely involved. He believes that the era of digital economy provides a huge opportunity. Technology is also evolving. The Internet economy provides opportunities for local regions, so it provides a possible overtaking alternative.

Regarding the promotion of policy changes by think tanks, Zhang Yong believes that Ali, as a multi-domain economic ecology, has experienced many resonant micro-phenomena and will arouse many macro-level thinking. Ali Institute hopes to make greater contributions in this regard. Therefore, Ali hopes to see such a vivid pulse of the economy and the cooperation with various academic institutions through different perspectives, so that the real pulse of these economies will rise to be insight and guidance for economy.

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