Ma Yun: Economists are not always reliable on predicting the future

Ma Yun: Economists are not always reliable on predicting the future
Ma Yun attended a meeting of Beijing-Zhejiang Chamber of Commerce last weekend, and gave a speech. He commented that “the Economists gave their predictions based on the data from past. Yet that is not reliable enough to rely on. The entrepreneurs from Zhejiang also need to trust their business intuitions, their prejudgement of future market trends, and seize the opportunities.Opportunies lie in the revolutions.”

LeTV Resumes Trading After Clarifying up 3 Issues
Overall, the top three obstacles LeTV was facing was removed, which included the absence of Yueting Jia, fund shortage and the inhouse competition between LeTV and LeVP.

The head of the State Internet Information Office in China Visited the States
Wei Lu, the head of the State Internet Information Office in China participated the 7th China-US Internet Forum in Washington, and then visited Apple, Google, Amazon, Baidu and Facebook in Silicon Valley.

iQiyi suing LeTV Claiming for Compensation of 1 Million
IQIYI sued LeTV for shielding its ads, requiring LeTV to stop and compensate for its economic losses.

The Case on Qualcomm's Monopoly is Sill in Investigation
The National Development and Reform Commission denied recent media reports which declared the case was submitted to the state council. NDRC clarified that the anti-monopoly cases are investigated independently by NDRC and there was no need to submit to the state council. 

(English) Anta’s Fall Shows Fragile Support for China Companies
Anta Sports Products Ltd. posted its biggest two-day drop in more than three years in Hong Kong, as the company’s denial of links to a corruption case failed to offset concern about companies’ vulnerability to a national graft crackdown.

(English) Xiaomi's smartphone tap into the US market

Xiaomi Corp will launch its new smartphone in Consumer Electronics Show (CES) that falls in January 2015 in Las Vegas, the first-ever appearance of the fast-growing Chinese IT company in the US market.