He said the move will also raise public attention on protection of the Chinese pangolin, which will benefit the species long-term.
He was perceived as a quiet and easygoing person in the Trump family, being shielded from his father's disciplines and keeping a low public profile particularly after his elder brother won the presidency.
He told the webinar that no country has monopolized a key technology in the longer run. "This was not the case when the United Kingdom was the leading industrial power in the 18th century. Technology tends to diffuse, and that's what it does," Wang said.
He said the way they have grown was really in step with China, both with a focus shifting from low cost to innovation, and then to high quality. "This is why it is such an exciting project."
He tells new European leadership team that two sides must uphold global peace, stability
He said the 19th Party Congress has received extensive and detailed reporting and the media coverage has captured the attention of the world.
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He then quoted early 20th-century Chinese poet Xu Zhimo's renowned verse of Saying Goodbye to Cambridge Again, saying "gently I flick my sleeves, not even a wisp of cloud will I bring away".
He was charged with accepting money and property worth more than 74.23 million yuan (.68 million) personally or through family members from 2000 to 2015, according to prosecutors.
He said the new entity will consolidate resources from all business units and provide capabilities connecting customers and merchants through a number of vehicles, ranging from cloud computing, artificial intelligence and functions that are embedded in the ubiquitous WeChat app.
He said the coordination of the Eurasian Economic Union, a Russian initiative, and the Belt and Road Initiative, a Chinese proposal is underway, along with the talks for agreement about currency.