Guiyang’s big data exchange, the first of its kind in China, has seen its cumulative transaction value exceed 5.4 billion yuan (about $757.37 million) since its establishment.
Launched in 2015 in Guiyang, capital of southwest China’s Guizhou province, the exchange has grown to include more than 1,000 trading entities.
The achievement was announced at the China International Big Data Industry Expo, currently being held in Guiyang.
The exchange manages a wide range of trading products including data, computing power and algorithms. It aims to have an annual trading value of more than 10 billion yuan by 2025.
Often dubbed China’s big data hub, the mountainous province of Guizhou is the first national big data comprehensive pilot zone, promoting the big data industry as the backbone of its high-quality social and economic development.
Currently, 47 large data centers are under construction or operational in this province.
By 2023, Guizhou’s GDP has exceeded 2 trillion yuan, with the digital economy accounting for about 42 percent of the total. The province aims to further increase the share of the digital economy, aiming for a scale of over 1 trillion yuan.
Guizhou’s progress reflects broader trends in China, where digital infrastructure has improved significantly. The country’s computing power will reach 230 EFLOPS by 2023, making it the second-highest in the world.
