On March 29th, 2015, at session 35 "Doing Business the Internet way", Charles CHAO, Chairman and CEO of SINA Corporation stated that the internet has revolutionized our life by connecting everyone together and changing the way how resources are distributed.
Chao stated that he internet also allows for vast amounts of information to be shared and transferred between the consumer and merchant. The consumer does not have to be physically in a store to examine and purchase a particular product. Chao also mentioned that the use of the Internet to purchase goods allows the consumers to save a lot of time.