Digital trade realizes efficient industrial linkage
Digital trade realizes efficient industrial linkage
Development Driver 1: Digital Foundation
Digitization penetrates into a wider range and deeper level, and there is still a large room for penetration in the future.
In 2020, the scale of China's digital economy will reach 39.2 trillion yuan, accounting for 38.6% of GDP, a year-on-year increase of 2.4 percentage points, and its contribution to the economy will be further strengthened. At the same time, in 2020, the penetration rates of the digital economy in agriculture, industry, and service industries will be 8.9%, 21.0%, and 40.7%, respectively, up 0.7, 1.5, and 2.9 percentage points year-on-year, respectively. The industrial digital economy is still developing continuously. With the continuous and stable recovery of China's economy in the late stage of the epidemic, the digital economy will continue to develop well, and digitalization will penetrate into a wider range and deeper levels, and there is more room for improvement in penetration rate.
Development driver two: capital-driven
The continuous influx of capital facilitates the rapid development of digital trade
In the past five years, the role of the industrial Internet in economic transformation has been increasing, and capital has continued to flow into industries where the industrial Internet and traditional industries are integrated and developed, which provides strong financial support for the rapid development of digital industry platforms. Judging from the specific performance of the industrial Internet in the capital market, compared with 2016, the number of financing and the amount of financing in the e-commerce 2B field will increase significantly in 2021. Among them, agriculture, cross-border, textile and clothing, industrial products and other fields are relatively favored by capital.
Source: iResearch "2021 Global Digital Trade White Paper"
About YalaTech
YalaTech Co., Ltd is an Internet of Things (IoT) technology company, providing Electronic Shelf Label solutions and other e-paper products to worldwide retailers and organizations.
Our digital smart labels, powered by IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labelling, price, product, and promotions in real-time, enhancing data accuracy and improving performance by removing high labour costs and low productivity associated with traditional labour-intensive workflows. By empowering the adoption of smart retail, our goal is to create a sustainable and profitable business while advancing sound environmental, social and governance practices, including by significantly reducing paper usage. YalaTech has introduced its ESL solutions to retailers across China, North America, Europe, South America, Australia, Southeast Asia etc. Learn more about the background of YalaTech and our vision for the future retail on our website. As well, follow us on LinkedIn, Twitter and YouTube for more updates on how we are transforming the retail landscape.