The Shanghai Information Consumption Cloud Summit, as an important measure for Shanghai developing an online new economy, opened May 17. The one-month event is one of the nine major activities of the May 5 Shopping Festival, a massive consumption campaign in the city.

Under the theme of "New Era of Digital Enabling Consumption", the summit contains a series of activities to promote three major products – 5G+ products, internet of vehicles and smart home appliances – and three services – online cloud services, smart health services and online entertainment – and three scenarios – online education, online culture and tourism, and digital business.

According to the organizers, the new online economy is not only an important part of information consumption, but also a driving force to promote the development of the real economy.

In the past month, Shanghai has released an online new economic action plan and the "Shanghai version" new infrastructure action plan, all aimed at boosting information consumption.

Wu Qing, vice-mayor of Shanghai, and six district leaders, appeared on live broadcast on May 17, promoting new high-tech products.