In: Operations Management
The internet plus is a Chinese concept of making the best use of information transfer creating an internet superhighway and industry 4.0 in 2015. Thus it's defined as "Internet Plus" refers to the application of the internet and other information technology in conventional industries. It is an incomplete equation where various internets (mobile Internet, cloud networking, big data, or Internet of Things) can be added to other fields, fostering new industries, and business development in China.
The idea was conceived in 2013 by the Chinese entrepreneur of Tencent. This was a bid to extend the business into the service sector. The application was to build the manufacturing with internet-based information that would make the product and process more competent. It was also made to have financial transactions with it in the content for the major development of online payments.
China's Premier Li Keqiang brought up the concept of Internet Plus and made it the national strategy in his Government Work Report presented to the National People’s Congress. Hence this was the idea to make the transactions and doing business easier with the internet applications in China.