Sequoia, China Shen NANPENG: the great advantages of digital economy will appear in the next five years

0
44

Shen NANPENG, global executive partner of Sequoia Capital, founder and executive partner of Sequoia Capital China Fund
Sina science and technology news on the morning of November 23, the world Internet Conference and Internet Development Forum was held in Wuzhen Internet International Convention and Exhibition Center from November 23 to 24. At the opening ceremony on the 23rd, Shen NANPENG, global executive partner of Sequoia Capital, founder and executive partner of Sequoia Capital China fund, attended the opening ceremony on the 23rd The video speech at the main forum of “digital economy and science and technology anti epidemic” indicated that the huge advantages of digital economy in the aspects of supply and demand docking, resource allocation, industrial upgrading, etc. will surely be further superimposed in the next five years, boosting the stability and further development of China’s new development pattern.
Shen NANPENG revealed that he has been thinking about how to act after the epidemic to help restore economic growth and restore people’s confidence. He shared three stories. One is that the fourth paradigm developed three sets of AI systems to help local governments and enterprises do a good job in micro prevention and control. Second, an enterprise invested by Sequoia China has just obtained the class III lung AI certification approved by the State Food and drug administration. With the help of artificial intelligence, the company can use a large number of existing CT equipment to realize imaging detection and diagnosis of new crown cases in community hospitals. The third is vipkid, in order to let more children “suspend classes without suspension”, it provides free spring online classes for students who have delayed the start of school; at the same time, it also opens an online live broadcast platform for free use by institutions and schools affected by offline teaching.
Shen NANPENG believes that the digital economy has been imperceptibly influenced and has become a part of daily work and life. Just last October, the “14th five year plan”, which has a milestone guiding significance for China’s economic and social development, was issued, in which “building a new development pattern” was repeatedly mentioned. He said that the huge advantages of the digital economy in such aspects as supply and demand docking, resource allocation, and industrial upgrading will surely be further superimposed in the next five years, boosting China’s new development pattern to a stable and far-reaching future, so as to achieve success. (Zi Jian)
The following is the transcript of Shen NANPENG’s speech:
Distinguished minister Zhuang rongwen, Secretary Yuan Jiajun, governor Zheng zhajie, distinguished guests and friends
Hello, I’m Shen NANPENG of Sequoia China. This year is my seventh year of participating in the world Internet Conference and my first online participation. As an old friend, taking part in the forum in this new way also shows that the digital economy has been imperceptibly influenced and has become a part of our daily work and life.
During this period of time, I believe many friends here are like me, thinking about how to act after the epidemic, in order to help the economy recover growth and help people regain confidence? Here, I’d like to share three short stories with you.
In Jiaotong University, I have an alumni named Dai Wenyuan who has been a little more than ten years. He and his fourth enterprise paradigm, which is also the invested enterprise of Sequoia, have been focusing on artificial intelligence. During the epidemic, he and his team of scientists developed three sets of AI systems, which used artificial intelligence to map out various potential threats under the epidemic situation, and cleverly showed the various paths of human and virus encounter. This system has sunk to many local governments and enterprises to help do a good job in micro prevention and control.
It is the participation of many digital anti epidemic people like Dai Wenyuan who hold machine learning and big data tools, and the day when the virus has nowhere to go will come earlier. I believe that when the virus has no way to go, it is the time for the economy to recover and the haze is gone.
Another story is that just two weeks ago, an enterprise invested by Sequoia in China has just obtained the lung AI class III certification approved by the State Food and drug administration. Before that, they also obtained the certification of Japan PMDA and other countries. Japan ranks first in the world in terms of CT equipment per capita. On average, each community hospital has more than one CT equipment, but only 6000 imaging doctors are registered, with more equipment and less doctors. Now with the company’s artificial intelligence assistance, we can use a large number of existing CT equipment to achieve imaging detection and diagnosis of new crown cases in community hospitals.
We see that there is no national boundary to fight against the new coronavirus. In the face of the global public health crisis, Chinese enterprises are taking action to export detection and diagnosis and treatment capabilities overseas through artificial intelligence, contributing to global anti epidemic cooperation and economic recovery. Being able to help these Chinese enterprises also makes our work full of sense of achievement.
Of course, to restore confidence, we need to link “people” and “Hope” to bring more sense of gain to the people. This is also related to the third story I want to tell. This year’s epidemic situation has caused a nationwide delay in the opening of schools. In order to make more children “suspend classes without suspension”, vipkid, an online education member enterprise of Sequoia, has provided free spring online classes for students who have delayed the start of school. At the same time, it has opened an online live platform for free use by institutions and schools affected by offline teaching.
When we see that students in the Midwest and mountainous villages can also use online education tools at home and have access to quality courses, I feel that online education has effectively promoted education inclusion. It is believed that after the baptism of the epidemic situation, many new business forms and new technologies have been verified and recognized by the market, and will further transform commercial activities in the future to benefit the people.
Just last October, the “14th five year plan”, which has a milestone guiding significance for China’s economy and society, was issued, in which “building a new development pattern” was repeatedly mentioned. I believe that the great advantages of digital economy in the connection of supply and demand, resource allocation, industrial upgrading and other aspects will surely be further superimposed in the next five years, boosting China’s new development pattern to a stable and far-reaching future.
Thank you!