China Internet Development Report 2020: 1.3 billion netizens make online payments totaling 24.9 trillion yuan

Recently, at the 2020 (19th) China Internet Conference, He Guili, Vice Chairman and Deputy Secretary-General of the Internet Society of China, released the "China Internet Development Report 2020" (hereinafter referred to as the "Report"). The report shows that by the end of 2019, the scale of mobile Internet users in China reached 1.319 billion, accounting for 32.17% of the total number of Internet users in the world; the transaction volume of online payments reached 249.88 trillion yuan, and the penetration rate of mobile payments was at the world's leading level.

The report also shows that as of the end of 2019, the total number of 4G base stations in my country reached 5.44 million, accounting for more than half of the total 4G base stations in the world; mobile Internet access traffic consumption reached 122 billion GB, a year-on-year increase of 71.6%; the scale of e-commerce transactions was 34.81 trillion yuan, and the added value of the national digital economy reached 35.8 trillion yuan.

In this regard, He Guili, Vice Chairman and Deputy Secretary-General of the Internet Society of China, said: "In 2019, China seized the historical opportunity of information development, steadily promoted the construction of network infrastructure, enhanced the independent innovation capability of network information technology, improved network security protection capabilities, consolidated the cornerstone of network rule of law, optimized the network business environment, released the dividends of information benefiting the people, and promoted the development of the Internet industry to achieve a series of achievements. China's construction of a cyber power has reached a new level."

Specifically, in terms of cloud computing, in 2019, the scale of my country's cloud computing market reached 131.25 billion yuan, with a growth rate of 36.3%. "Cloud + Intelligence" has ushered in a new era of digital transformation for enterprises. Domestic manufacturers are stepping up their layout in the intelligent cloud market, transforming commercial products with cloud development capabilities, promoting operational efficiency with cloud management services, and promoting the implementation of IoT applications with distributed cloud, which has comprehensively driven the transformation and upgrading of my country's traditional industries.

In the field of industrial Internet, the scale of my country's industrial Internet industry reached 830.45 billion yuan in 2019, a year-on-year increase of 14.9%. The industrial Internet has enabled and upgraded traditional industries with digitalization, networking and intelligence, effectively revitalized enterprise data, and helped enterprises achieve significant benefits in terms of quality improvement, efficiency increase, cost reduction, emission reduction, safety and flexibility.

He Guili also pointed out that from the perspective of the external environment for industrial development, the construction of new strategic and network-based information infrastructure and the application of new-generation information technologies such as cloud computing, big data, artificial intelligence, and virtual reality have given innovative vitality to the development of the Internet. From the perspective of Internet applications and services, "Internet +" continues to promote the transformation and upgrading of traditional industries, the market size of various Internet segments has grown steadily, the industry environment has been continuously optimized, new products and new formats have emerged in an endless stream, service models have been continuously iterated and evolved, and the market structure has been reshuffled and innovated.