Zhou Hongyi: MSMEs' digital transformation is directly related to the success or failure of China's digital strategy

Zhou Hongyi said micro, small and medium-sized enterprises are "blood capillaries" of China's economy, contributing more than 50 percent tax revenue of the country, over 60 percent GDP, at least 70 percent technology innovation and over 80 percent jobs. More than 90 percent of the country's enterprises belong to MSMEs. Their digital transformation is directly related to the success or failure of China's digital strategy. The mode of SaaS (software as a service) is the trump card for MSMEs in their digital transformation.