China platform companies in for new round of growth

Huge following: People walk pass an advertisement for Alibaba’s Singles’ Day shopping event in Shanghai. The market scale of China’s digital economy reached US$7.1 trillion (RM31.35 trillion) last year, which was the second largest globally. — Bloomberg

BEIJING: China’s platform companies and the digital economy are expected to embrace a new round of high-quality development after two years of healthy correction.

This will also bring new dynamics to the country’s private sector and economic growth, government officials, leading industry experts and company executives said.