Original title: Ali Research Institute Report: 2019 China News Agency's Zero Credit May Surpass the US Source: Observer Network
The Information Office of the State Council held a press conference on the morning of December 16 to introduce the performance of the national economy in November 2019. Fu Linghui, spokesman for the National Bureau of Statistics, said that the Double Eleven shopping festival had a clear impact on online retail sales. In the first 11 months, online retail sales of physical goods were 760.2 billion yuan, an increase of 19.7%, accounting for 20.4% of total retail sales of social consumer goods, an increase of 2.2 percentage points over the same period last year.
Fu Linghui said that at the same time, it is also necessary to see the driving effect of the new consumption industry on growth and the new characteristics of the consumer sector. For example, consumption upgrades continue, and consumption in categories such as cosmetics and entertainment products is growing rapidly. China's consumption prospects are very broad. Residents' incomes are growing further, and consumption capacity is increasing.
The Ali Research Institute revealed that on December 18, the Ali Research Institute, the National Industrial Information Security Development Research Center, the Dynamic Competition and Innovation Strategy Research Center of the School of Economics and Management of Tsinghua University,ZhongguancunThe Information Technology and Real Economy Integrated Development Alliance and Alibaba Cloud Research Center will jointly release the “Restructuring Growth Force — 2019 Enterprise Digital Intelligence Transformation and Development Report”. The report stated, “In 2008, the retail sales volume of goods in China was only about half that of the US. In 2019, China's figure is expected to surpass the US for the first time. Furthermore, the per capita GDP of China is already close to 10,000 US dollars, and the potential for domestic demand means a huge opportunity for brand growth.”
China's zero total revenue in 2019 may surpass the US
The report surveyed 157 leading enterprises that are comprehensively promoting digital and intelligent transformation and found that consumer operations driven by digital technology are at the core of the digital transformation of enterprises and are driving enterprises to achieve new growth. Compared with the following enterprises, the level of digital intelligence also increased by 10%. The revenue growth rate and net profit margin of leading enterprises were 1.58 times and 2 times that of the following companies, respectively. A report published by Accenture in 2018 also confirmed this conclusion. In 2018, only 7% of Chinese enterprises achieved remarkable results in digital transformation, yet the revenue growth rate of these faster companies was 5.5 times that of other companies, and the sales profit margin was 2.4 times that of other companies.
Among the many new growth cases with various characteristics of enterprises, the report found a set of “general guidelines” — the driving force for enterprise growth comes from four core elements, namely consumer assets, product power, organizational strength, and digital intelligence. Defined in “data+computing power+algorithm”ShinsekaiDigital intelligence brings exponential growth due to the combination of the three factors, which is a new code for future enterprise growth.
Leading enterprises in digital intelligence transformation achieve rapid growth above the industry average
According to the report, the average profit of the world's top 500 was 4.3 billion US dollars in 2019, and the average profit of Chinese companies on the list was 3.5 billion US dollars. The average return on net assets of the Chinese companies included in the list (excluding Taiwan) was 9.9%, lower than the global average of 12.1%. Under conditions such as the upgrading of market demand and the upgrading of industrial structures, Chinese enterprises will surely transform into a new high-quality development model with consumer operations as the core and precise and efficient decisions. Digital intelligence is the core engine that helps enterprises complete this transformation.