Beijing Data Group was officially inaugurated on Thursday during the ongoing China International Fair for Trade in Services held in Beijing, marking a critical step in constructing national data infrastructure and boosting digital economic development.

The new group, which has a registered capital of 3 billion yuan, is fully owned by the Beijing State-Owned Assets Management Corporation.

Beijing Data Group will lead efforts in digital transformation of government offices and healthcare platforms, managing smart cities, and enhancing the digital business environment.

It will also concentrate on government-enterprise information innovation, smart healthcare, transportation, and education. Its goal is to help build a digital government and support businesses in becoming more intelligent.