ABSTRACT
China’s entry point in leading the process of reglobalisation is closely related to institutional innovation. China has the largest number of internet users in the world. The advantages of having more than 700 million internet users will have a huge impact on the world’s consumption and business models. China’s huge ‘demographic dividend’ has provided unique advantages for the overall rise in Chinese internet enterprises. China has the world’s largest population and largest number of internet users. Its internet development level has approached that of the United States, making it an internet superpower and creator of several new business models. The internet platform, a brand new economic organisation, has grown and brought about revolutionary changes in business, organisational, and employment models. Hybrid digital infrastructure refers to a combination of traditional physical infrastructure and digital components. The development of mobile internet, low-cost sensors, and cloud computing have promoted the development of the internet of Things.
