Chairman of China Telecom (Taiwan) Cai Lixing said in the "Straits Cross-Straits and Hong Kong and Macao Internet Development Forum" on the topic of "Intelligent Terminal Development and Cooperation" in Wuzhen, Zhejiang, that the current large-scale application of Internet of Things faces three challenges. First, from a social point of view, how to achieve a balance between security and privacy after removing technical factors; second, many services provided by the Internet of Things are cross-industry, how to communicate and integrate is also a test; third is how to find a continuous Profitable IoT business model.
Cai Lixing expressed his admiration for Alibaba or Tencent, Baidu and other companies that have taken the Internet's capabilities to the extreme. He said: "In general, OTT really doesn't know how to make money. Everyone doesn't have to pay, but they can get the best service and the best film. This is the fundamental test we face."
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