David Wallerstein, Senior Executive Vice President of Tencent, and Lucy Peng, CEO of Alipay and Chief People Officer of Alibaba Group, reflect their experience at the panel discussion on "Business Model Innovation" at the third annual China 2.0 conference. The event was hosted by the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) at the Stanford Graduate School of Business on September 28, 2012. The Stanford Program on Regions of Innovations and Entrepreneurship: sprie.gsb.stanford.edu/