Mobile internet is China's most lucrative sector according to Fosun International, the country's largest private investment firm.
"The business of mobile internet… will have explosive growth and can probably exceed the U.S. [mobile internet business] by three or four times. In the future it will be much bigger than the scale of the PC internet," Liang Xinjun, vice chair and CEO at Fosun International told CNBC Asia's "Squawk Box" on Thursday.
"We have invested in 18 projects in mobile internet totaling 1.8 billion yuan ($292 million) and we are willing to do more– in fact we will have a few big deals in the second half of this year," he added.
Fosun, the Chinese investment company controlled by billionaire Guo Guangchang, already has a cooperation agreement with Chinese internet giant Alibaba. Xinjun said the conglomerate would be happy to strengthen its relationship further.
China's tourism sector is set for explosive growth, Xinjun said.
"I'm very optimistic about tourism. The scale oftourism in China has already overtaken that of pharmaceuticals and is growing at a rate of 18 percent per year," he said.