On September 19^th, Yunqi Conference—The Data Intelligence and Technology Leadership Summit, which was co-sponsored by School of Management of Zhejiang University and Alibaba Cloud held in Hangzhou, launching a digital economic innovation ecosystem platform—Zhejiang University and Alibaba Cloud Digital Economy Research Institute, with core missions such as talent cultivation, scientific research and results transformation.

Nowadays, the digital economy is becoming a powerful engine for international development, giving birth to a large number of new industries. Thus the digital transformation of regions, industries and enterprises has become a key strategy for industrial transformation and upgrading.

The summit was hosted by Wang Xiaoyi, deputy director of the Department of Marketing, School of Management of Zhejiang University. The highlight of this summit is the latest achievements in digital economy industry, smart city construction, and innovative entrepreneurship in academia and industry.

Wang Xiaoyi, Deputy Director of the Department of Marketing

Miao Wei, general manager of human resources department in Alibaba Cloud, complimented that Zhejiang University has built a digital economic research institute to empower economic innovation ecosystem, implementing the national strategy of “Digital China”. Liu Song, vice president of Alibaba, claimed that enterprise, government and university need to jointly construct digital leadership in this era of change. Nowadays, the environment, the rules, the times have changed, and the Eastern traditional wisdom should be combined with the Western normative management.

Miao Wei, general manager of human resources department in Alibaba Cloud

Liu Song, vice president of Alibaba

Zhu Yuan, deputy dean of the School of Management, Zhejiang University, pointed out that digital transformation is a key strategy for industrial upgrading. Facing the new challenge in the digital economy era, Zhejiang University will dedicate to contribute academic dynamics to empowering digital economic innovation, boosting enterprise digital transformation, and becoming a provider and think tank for social and enterprise management solutions. Zhejiang University and Alibaba Cloud will jointly explore the digital transformation to create an innovative platform for the digital economy ecosystem.

Wei Jiang, dean of the School of Management of Zhejiang University, elaborated on how data resources have changed the enterprise strategies. Professor Zhai Shenglin, dean of Academy of Financial Research in Zhejiang University, described the new opportunities brought by data intelligence to financial development from four aspects: technological progress, scenario application, regulatory rules, and inclusive finance.

As the first open research platform in China to enrich the digital economy, the Cloud Digital Economy Research Institute adheres to the national strategy of “Digital China” , equipped with the world's leading digital economy innovation ecosystem as its core engine. Zhejiang University and Alibaba Cloud will join hands to promote the construction of a science and technology research center for China’s digital economy.