The 2018 World Conference on VR Industry was held in Nanchang, Jiangxi. At the conference, Jack Ma first reviewed the history of Jiangxi and showed his satisfaction adout such a large-scale of VR industry in Jiangxi. Jiangxi has the spirit of Jinggangshan, which is of great significance to the development of the VR industry.
In the era of Internet, technology is productivity, while the Internet is a production relationship. VR is an amazing technology and an important part of the technological revolution. Jack Ma said that VR should be combined with big data, cloud computing and artificial intelligence so as to turn VR into a core technology which can solve practical problems, otherwise it is just a novel application.
Jack Ma believed that VR will change the education and medical industry. In addition, VR is closely integrated with the real economy..
For the VR industry, the investment in the last two years has been cold, and Jack Ma said that the wind has dropped, and the true value is revealed. At present, many of the startups' valuation have fallen by 70%, but this is a normal return of value. When Alibaba started its business, it was worth $5 million. It has already been considered a huge investment. It is a good thing to retreat now. The development of technology must be full of difficulties, otherwise it is not a valuable technology.