SOURCE / ECONOMY
Eco innovation, globalization interconnect key to driving world economy: Le CEO
Published: Sep 06, 2016 07:36 PM
The fast growth of the world economy should be driven by eco innovation, which involves plenty of innovative forms and thoughts, while a single innovative model would fail to do it, Jia Yueting, co-founder and CEO of Le Holdings Co, said on Saturday in Hangzhou, capital of East China's Zhejiang Province.

There are two important tasks that Le focuses on at the current stage: one is to continuously conduct eco innovation, and the other is to seek globalization, Jia said. 

"If domestic companies want to enter a new period of growth, along with a drive for innovation, real globalization matters most because it can create the one and only value for the global market as well as for users across the globe," he said, noting that his company sees its future growth in international markets.

The three core characteristics of the eco economy are value reconstruction, value share and the globalization, Jia said.

The key strategy for Le in the coming three to five years is to advance the sharing economy and to reconstruct industrial value via breaking boundaries. "For example, we achieved the closed loop of the car eco through buying Yidao, one of China's major car-hailing service providers," Jia said.

He noted that the company will insist on going global in a bid to create value for its international users. "China's 'One Belt and One Road' initiative is a key means of globalization and is also conducive to Le's globalization strategy," Jia said.

Le's development features echo the theme of this year's G20 - to promote an innovative, invigorated, interconnected and inclusive world economy, Jia said, noting that the company aims to get value shared with the whole society.

"Geographically speaking, the globalization interconnect will become a vital engine to drive the growth of the world economy in the next round," he said.

Global Times