Zhang hongjiang highlights emergence as key to organizational success in AI economy

On September 10, at the opening of the 2026 Inclusion·Bund Conference in Shanghai, Zhang Hongjiang, a venture partner at Source Code Capital and a member of the U.S. National Academy of Engineering, emphasized that the AI new economy is reshaping corporate organizational structures. He argued that future enterprise competitiveness hinges on converting intellectual property, know-how, user relationships, and product capabilities into models capable of generating emergence effects. Zhang elaborated on the concept of the Agent Economy, describing it as a Token-based system where different Tokens hold varying values. He likened the most valuable Token to a new Maotai, urging users to select high-value options. He also noted the shift from human-centric to agent-centric software usage, marking a paradigm shift in the industry. In his presentation, Zhang highlighted AI's rapid technological advancement, noting that cutting-edge models now surpass average human intelligence. He also stressed the importance of organizational restructuring, citing the 'one person + multiple Agents' model as a significant change in company size and structure.