What is the digital economy and what kind of industry can be called the digital economy. To tell you a simple example, the turnover of Tmall and Taobao is presented by numbers.

Digital economy refers to an economic system in which digital technology is widely used, thus fundamentally changing the entire economic environment and economic activities. Digital economy is also a brand-new social, political and economic system, in which information and business activities are digitized. Transactions between enterprises, consumers and the government through the Internet are growing rapidly. The digital economy mainly studies goods and services whose production, distribution and sales depend on digital technology. The business model of digital economy works well because it creates a win-win environment for enterprises and consumers.

By the end of 20 16, among the 10 companies with the highest market value in the world, there are 5 digital economy enterprises; Among the top 20 companies with market value, 9 belong to digital economy enterprises.

Zhang Yong, CEO of Alibaba Group, said: "In the past 19 years, the whole industry and the world have moved towards digital economy and digital commerce behind the economy of running all the way and Ali. We not only expect to achieve the figure of 200 billion US dollars, but also hope to help enterprises and businesses around the world enter new markets in a digital way, operate new markets and consumers, and complete the innovation of sales models and supply chains. "

The wave of global economic reform is in the ascendant, and transnational economic and trade relations are also facing new challenges and opportunities. Alibaba believes that traditional trade rules and trade patterns need to be changed, and global trade should adapt to the new characteristics of the digital economy era and become more inclusive, so that more small and medium-sized enterprises, women and young people can benefit from it. In Zhang Yong's view, the development of digital economy must be the product of cooperation, mutual benefit and win-win. Firmly believing in the digital economy and integrating into the world with an open mind will make global trade smoother and more prosperous.