Wang confessed during the trial, according to the court. The verdict will be announced at another date.
Wang Zhiqin, deputy director of the China Academy of Information and Communications Technology (CAICT) under the Ministry of Industry and Information Technology, made the remarks at the 2019 World Artificial Intelligence Conference which closed Saturday in Shanghai.
Wang Zhimin, director of the Liaison Office of the Central People's Government in the Hong Kong SAR, speaks out against the violent attack on the office in Sai Wan by masked protesters the day before, July 22, 2019. [Photo provide to chinadaily.com.cn]
Wang said data collection and algorithm verification are still on, so the launch of robo-advisor products will be determined by market conditions.
Wang said the peak season for Chinese tourism in the US is between May and October. Popular routes include the "west line" of Los Angeles, San Francisco and Las Vegas, as well as the "east line" linking New York, Washington and Boston.
Wang said that the two heads of state recently called on the international community to unite in fighting the COVID-19 pandemic at the Extraordinary G20 Leaders' Summit, injecting important impetus into global cooperation against the outbreak.
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Wang said the industry is heading toward market-oriented prices and the diversification of market players. Yet issues which may discourage the industry from changing include low oil prices and high upfront capital requirements.
Wang Lei, president of Alibaba's local services company-Ele.me and Koubei-said the new services, which center on digitalization, are creating more jobs and helping upgrade the traditional services sector.
Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the CPPCC National Committee, presided over the meeting.
Wang bought the Islanders in 2000 along with Sanjay Kumar, then the president of Computer Associates International, which Wang founded in 1976. He later bought out Kumar's stake in 2004. Kumar pleaded guilty in an accounting fraud scandal at the company in 2006 and served a prison term. A 2007 report by the company's board blamed Wang in connection to the accounting scandal, but Wang called the report "fallacious" and blamed Kumar. Wang was never charged in the case.