Wu Hai, China Internet Investment Fund: Open source and openness help China's industrial innovation

Cover news reporter Zhao Yaru Du Jiangqian Zhu Zhu Ji Chen Jie

On April 25, at the 4th Digital China Construction Summit, the Software Open Source Ecosystem Summit Forum, jointly sponsored by the Ministry of Industry and Information Technology and the Cyberspace Administration of China, was held. As the first forum with the theme of open source ecology at the Digital China Construction Summit, the forum, with the theme of "Co-construction, Co-governance, Sharing, Prosperity and Open Source Ecology", is the first large-scale high-end event hosted by the competent industry authorities in China with the theme of open source software, gathering expert representatives from all parties of "government, industry, academia, research and innovation" to share the achievements of China's open source ecological construction and discuss the development path of open source ecology.

As the representative of the co-organizers of the forum, Wu Hai, chairman of China Internet Investment Fund Management Co., Ltd., delivered a keynote speech entitled "Discovering the Value of Open Source and Helping the Development of Open Source".

When explaining the development trend of open source software, Wu Hai pointed out that open source software has promoted Internet innovation and application, and open source and open source are helping China's industrial innovation. He believes that from the technical perspective, open source and openness may break the basic software and hardware dilemma. In the basic software and hardware industry, China has been in the stage of technological catch-up. Under the closed source of commercial software system, foreign IT enterprises are strong in R&D investment and industrial ecology. Domestic enterprises use advanced open source technology to innovate and develop secondary on the basis of mature code, which can quickly narrow the technology gap. From the perspective of industry, the distributed collaborative innovation mechanism that can be brought by the open source community can reduce the cost of research and development to a certain extent, and can promote China's IT and Internet enterprises to improve the research and development model, promotion mode, and industrialization model, and enhance the overall strength of the industry. Domestic IT and Internet giants have open source operating systems, database software, in 2018, there are three Chinese Internet companies in Github open source code platform contribution ranking into the top 15, China's Internet companies are gradually from open source software beneficiaries gradually become important contributors in the world.

Speaking of the investment value of open source software, Wu Hai said that software open source itself does not necessarily bring direct economic benefits to enterprises, but we must understand the industrial value, commercial value and investment value of open source software from a higher and broader perspective.

In terms of industrial value, open source collaboration can stimulate innovation momentum, accelerate the spillover and dissemination of technological innovation, and break some existing enterprise monopolies and intellectual property barriers, promote the upgrading of business models to software services and services, and make the Internet more open and win-win. At present, from open source software, open source hardware to open source chip design instructions, the open source movement continues to penetrate into all levels of information technology, becoming an important driving force for the innovation and development of information technology.

In terms of business value, open source software does not mean that it is completely free and has its own business model. For example, open source also has a commercial licensing model, including commercially restricted open source licensing and business-friendly open source licensing.

In terms of investment value, China Net Investment first pays attention to some software manufacturers that do secondary development and innovation based on open source software, such as domestic operating system software manufacturers and big data software manufacturers. Second, we also focus on vendors that provide open source software security and system integration services. In addition, some IT companies or Internet companies will build an ecosystem through open source to further amplify the business value of other products or services of the enterprise. For example, private cloud enterprises can achieve rapid import of small and medium-sized enterprise users through open source strategies, and artificial intelligence software enterprise open source algorithm framework can reduce the threshold of application in various industries. Zstack, a cloud computing company invested by China Net Investment, strengthens ecological cooperation and quickly enters users through open source strategies.

Wu Hai believes that in the next few years, open source software will penetrate from basic software to application software, from traditional software to new platforms, and open source development frameworks, open source management tools, open source algorithm platforms and other open source technologies will receive more attention and use.

【A little more news】

The China Internet Investment Fund (hereinafter referred to as "China Internet Investment") was established with the approval of the State Council and jointly initiated by the Central Cyberspace Administration of China and the Ministry of Finance. The establishment of the China Internet Investment Fund is a major measure to implement the decision-making and deployment of the Party Central Committee and the State Council, further promote the structural reform of the supply side, innovate the investment and financing mechanism, and promote the implementation of the strategy of network power.

The total scale of China Internet Investment Fund is planned to be 100 billion yuan, and the first phase is 30 billion yuan. China Internet Investment Fund Management Co., Ltd. is responsible for the market-oriented operation and professional management of the fund.

China Net Investment adheres to the national strategic orientation, adhering to the investment philosophy of "focusing on professionalism, guiding and leading, supporting the excellent and supporting the strong, and sharing and win-win", mainly adopts the equity direct investment method and focuses on investment in the Internet field. China Net Investment focuses on innovative technologies and innovative models in key areas such as key technologies and facilities of the Internet foundation, network security, artificial intelligence, Internet +, big data, cloud computing, and network information services, and selects growth enterprises and high-quality Internet projects that conform to the national strategy and have good prospects to help the development of the digital economy.

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