Platform enterprises to play a more active role in development: NDRC

China is committed to supporting platform enterprises to take a more proactive role in leading development, job creation, and international competition, the National Development and Reform Commission (NDRC) said in a statement after conducting extensive studies on platform enterprise development.

Findings reveal that platform enterprises are consistently increasing investment in technological innovation and empowering the real economy. In the first quarter of 2023, the top 10 platform enterprises in China invested heavily in areas such as autonomous driving, new energy, and agriculture, marking a growth of 15.6 percentage points compared to the previous quarter.

Leading companies such as Tencent, Alibaba, and Meituan strive continuously toward technological innovation, transformation of traditional industries, and enhancement of core competitiveness.

Platform enterprises have not only achieved substantial returns on their investments but also leveled up their core competencies. This has fostered high-level scientific and technological self-reliance, improved the quality and efficiency of the real economy, and contributed to the construction of a modern industrial system, the NDRC said.

(CGTN)