Digital economy booms with opening of investment platform
AN online platform investment promotion base, i-SPACE, was launched inside Yuanshen Sports Center in the Pudong New Area on Wednesday to propel the deep integration of the digital economy and the real economy.
A number of key projects were signed at the same time with leading online platforms such as Douyin (TikTok in China) and JD.com.
Pudong is where Shanghai’s dot-com companies are mostly concentrated. In 2021, the revenue of Pudong dotcom companies reached 130 billion yuan (US$18.21 billion), accounting for about a quarter of the city’s total.
There are more than 200 dot-com companies with annual income exceeding 20 million yuan, including Tencent, Bilibili, China Literature, Himalaya and other leading firms.
Online platforms are an important part of the digital economy. To further promote online platforms to empower the real economy, Pudong has held several rounds of symposiums for view exchanges between online platforms and real economy companies. Pudong officials also visited a large number of local companies.
The i-SPACE is one of the measures
Pudong has initiated to promote the integrated development of the online platform and real economy sectors, according to Huang Wei, director of the Publicity Department of the CPC Pudong committee.
The base with 5,000 square meters of space in the first phase will quadruple to 20,000 square meters in the future.
The base will develop functions including gathering a number of online platforms, providing comprehensive services for the investment promotion of online platforms, holding regular exchanges between dot-com
companies and traditional businesses, and establishing a comprehensive information service platform.
Meanwhile, Pudong will lay out 10 more spaces to house leading online platforms and launch a group of online platforms that can effectively empower the real economy.
It will introduce a number of innovative systems and policies that conform to the characteristics of the new area.
At the signing ceremony on Wednesday, JD Group revealed it will explore new business formats in Pudong and drive upstream and downstream partners of the industrial chain to reduce costs, increase efficiency and upgrade digital transformation.
TikTok will train a group of professional livestream anchors and operators to help promote employment in the online platform industry.
Sotheby (Shanghai) Auction Co Ltd will bring Sotheby’s Buy Now to promote the joint development of its traditional auction business and ecommerce in Pudong.