Guiyang plans China's largest data circulation system

The Global Big Data Exchange in Guiyang aims to build a data circulation system in China. [Photo/chinanews.com]

The Global Big Data Exchange in Guiyang, capital of Southwest China's Guizhou province, will cooperate with its members and strategic partners to build China's largest data circulation system and maximize the value of data.

The system will rely on the exchange's self-developed data trading system to launch online data bidding, stimulate data resource mining and promote data technology innovation geared toward market demand.

The exchange will also manage 10 regional service sub-centers, 200 data exchanges, and big data innovation centers with leading companies in the industry.

As the world's first big data exchange, the Global Big Data Exchange has earned a reputation for its strict data transaction standards and data transaction security, and now counts over 2,000 members, including tech giants such as Huawei, Alibaba and Jingdong.

So far, the exchange has connected with 225 high-quality data sources and launched over 4,000 data products covering over 30 areas such as e-commerce, energy and satellites.

With the establishment of China's largest data circulation system, the exchange is expected to promote the orderly circulation of data and boost China's digital economy.